cPDM Market in the US 2015-2019
Collaborative product definition management (cPDM) software solutions is a strategic business approach applying a consistent set of business solutions that collaboratively provide effective and efficient methods for managing the functions of product lifecycle management (PLM). They help in effective product data management, collaborative product visualization, collaborative product commerce, effective integration of cPDM with enterprise applications, and supplier relationship management (SRM). cPDM software solutions assist in streamlining manufacturing and production processes for efficient business operation. cPDM helps enterprises bring innovative and profitable products to market more effectively in the evolving e-business web-enabled environment. These software solutions are adopted by industries such as the automotive, electronics, industrial machinery, aerospace and defense, process packaged goods, petrochemical, and shipbuilding.
Technavio's analysts forecast the cPDM market in the US to grow at a CAGR of 8.34% over the period 2014-2019.
Covered in this Report
The cPDM market in the US can be segmented into two application segments: comprehensive cPDM and cPDM focused applications.
Technavio's report, cPDM Market in the US 2015-2019, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects in the coming years. The report also includes a discussion of the key vendors operating in this market.
Technavio Announces the Publication of its Research Report – cPDM Market in the US 2015-2019
Technavio recognizes the following companies as the key players in the cPDM Market in the US: Dassault Systems, Oracle, PTC, SAP and Siemens PLM Software
Other Prominent Vendors in the market are: Accenture, Altran Technologies, Atos, Capgemini, CENIT, CSC, Deloitte Consulting, Geometric, HCL Technologies, HP, IBM, Infosys, Larsen & Toubro Technology Services, Lectra, TCS, Tech Mahindra and Wipro
Commenting on the report, an analyst from Technavio’s team said: “Many cPDM solution providers in the US are undertaking initiatives to train individuals at colleges and universities. Siemens PLM software donated $22 million to Western University, where students will undergo training on the adoption and implementation of cPDM solutions. This helps trainees develop advanced skill sets at an early stage, which are required by more than 80,000 companies globally. The initiative is expected to reduce training costs for cPDM end-users.”
According to the report, cPDM facilitates the integration of manufacturers, distributors, sellers, and resellers across the globe, allowing for faster time-to-market and a better understanding of the product market and customer feedback. Furthermore, the adoption of cPDM also boosts global supply chain management. For instance, Bombardier Aerospace adopted Siemens PLM Software Teamcenter; this enabled the company, headquartered in Canada, to coordinate with all of their divisions and connections across the US, Mexico, the UK, Italy, India, and South Korea.Further, the report states that high implementation cost is the major growth inhibitor to the cPDM market in the US.
Dassault Systems, Oracle, PTC, SAP, Siemens PLM Software, Accenture, Altran Technologies, Atos, Capgemini, CENIT, CSC, Deloitte Consulting, Geometric, HCL Technologies, HP, IBM, Infosys, Larsen & Toubro Technology Services, Lectra, TCS, Tech Mahindra, Wipro