London, 08 May 2015 – Increased cross-plant manufacturing activities are expected to fuel the growth of the collaborative product definition management (cPDM) market in Mexico, which will post a CAGR of close to 15% from 2015-2019, says market research firm Technavio.
About the Report
It is difficult for a single vendor to manufacture products with different specifications in a single location and supply them to different locations simultaneously. Data consistency and security are issues that arise when a product goes through two or more plants.
“cPDM software ensures efficient data communication between units and helps facilitate collaboration for quality, design changes, specifications and manufacturing,” says Faisal Ghaus, Vice President of Technavio.
“cPDM, as a part of product lifecycle management plays a critical role in all cross-plant manufacturing activities.”
New market analysis from Technavio also emphasizes the growing adoption of social product lifecycle management (PLM) that uses web tools like wiki, cloud computing, SaaS and social networking.
“The collaboration of social PLM with Web 2.0 concepts can be very effective, as it helps in faster product development by harnessing accurate information from engineering experts within and outside a company,” says Ghaus.
Market Scope and Calculation of Market Size
This report covers the present scenario and the growth prospects of the cPDM market in Mexico from 2015-2019. To calculate the market size and the vendor share, the report considers both the direct and indirect revenue of vendors.
Key Information Covered in the Report:
Key Vendors:
- Dassault Systèmes
- PTC
- SAP
- Siemens PLM Software
Market Growth Drivers:
- Increased Cross-plant Manufacturing Activities
- For a full detailed list, view our report.
Market Challenges:
- Growing Concerns over Data Security in cPDM
- For a full detailed list, view our report.
Market Trends:
- Adoption of Social PLM
- For a full detailed list, view our report.
https://www.technavio.com/%3Cp%3E%3Cstrong%3E%3Ca%20href%3D%22http%3A//ww…
