cPDM Market in Mexico 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 Mexico to grow at a CAGR of 14.46 percent over the period 2014-2019.
Covered in this Report
Technavio's report, cPDM Market in Mexico 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 Mexico 2015-2019
Technavio recognizes the following companies as the key players in cPDM Market in Mexico 2015-2019: Dassault Systèmes, PTC, SAP and Siemens PLM
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: “Social PLM is a product design, development, and management approach that uses Web tools such as wiki, cloud computing, SaaS, online communities, blogs, and social networking. This collaboration can be effective with the use of Web 2.0 concepts, which helps in faster product development by harnessing accurate information from engineering experts within and outside a company. Companies in Mexico are starting to adopt such systems of product management in a bid to achieve enhanced efficiency and productivity.”
According to the report, most products are manufactured in different locations and then assembled. It is difficult for a single vendor to manufacture products with different specifications in a single location and to supply them to different locations simultaneously. The maintenance of data consistency and security is a problem when a product goes through two or more plants. The manufacturing process requires reliable collaboration between manufacturing, engineering, research, and design units. cPDM software ensures efficient data communication between these units and aids collaboration for quality, design changes, specifications, and manufacturing. Thus cPDM, as a part of PLM, plays a critical role in cross-plant manufacturing activities.
Further, the report states that security challenges faced by cPDM customers are adversely affecting the growth of the market.
Dassault Systèmes, PTC, SAP, Siemens PLM, Accenture, Capgemini, Deloitte, HP, IBM, Oracle, Synopsys, TCS
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