cPDM Market in China 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 China will grow at a CAGR of 17.30 percent over the period 2014-2019.
Covered in this Report
The cPDM market in China is divided into the following segments: Software and Services.
TechNavio's report, cPDM market in China 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 China 2015-2019
Technavio recognizes the following companies as the key players in the cPDM Market in China: Dassault Systèmes SA, PTC Inc., SAP SE and Siemens PLM Software.
Other Prominent Vendors in the market are: Accenture, Capgemini, Deloitte, HP, IBM, Oracle, Synopsys and TCS
Commenting on the report, an analyst from Technavio’s team said: “Availability of cloud-based services is expected to boost growth potential of this market as industries are increasingly focusing on reducing installation costs of PLM software. Various PLM service providers are implementing PLM on the cloud platform for end-users.”
According to the report, intense competition among service providers is one of the key drivers of this market. The growing demand for services such as change and process management, strategic planning, and training have enhanced the scope of this market.
Further, the report states that data security poses a serious challenge to the growth of the market. The data sharing functions of cPDM software create scope for digital intrusions, data leaks, and other problems.
Dassault Systèmes, PTC, SAP, Siemens PLM, Accenture, Capgemini, Deloitte, HP, IBM , Oracle , Synopsys, TCS