Worldwide Collaborative Product Development Applications 2005-2009 Forecast: A First Look at a Strong 2004

Published by: IDC

Published: Mar. 31, 2005 - 12 Pages

Table of Contents

Abstract

This IDC study provides a top-down sizing of the collaborative product development applications market in 2004 and a 2005?2009 forecast for this market. Spending for CPD applications will increase as manufacturers in industrialized countries rely on automation software to maintain their competitiveness through innovation and faster time to market. Another market driver will be manufacturing sites that are setting up operations in lower-wage countries.

Gisela Wilson, director of Product Life-Cycle Management, explains, "Opportunities for software providers in the CPD applications market are improving as manufacturing companies are investing again in IT software and hardware. However, there is no doubt that application providers will have to be able to deal with two very different markets: the manufacturing market in the industrialized world with demand for complex planning applications and integrated product suites and the market in the industrializing world with demand for specific standalone tools."

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