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 South Korea region to grow at a CAGR of 13.30 percent over the period 2014-2019.
Covered in this Report
The cPDM market in South Korea can be segmented into two application segments: Comprehensive cPDM and cPDM Focused Applications.
TechNavio's report, cPDM Market in South Korea 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 South Korea 2015-2019
Technavio recognizes the following companies as the key players in the cPDM Market in South Korea 2015-2019: Dassault Systèmes, SAPTC (Parametric Technology) Inc., SAP SE and Siemens PLM Software.
Other Prominent Vendors in the market are: Accenture, Aras, Autodesk, Geometric, HP, IBM, Oracle, Polarion Software TCS and Wipro Limited.
Commenting on the report, an analyst from Technavio’s team said: “The emergence of IoT in South Korea has led to the development of smart connected devices. Smart connected devices include portable navigation devices, media players, and imaging devices with cellular connections. These devices are developed through the use of cPDM solutions. Thus, the development of smart connected devices is expected to contribute significantly to the growth of the cPDM market in South Korea during the forecast period.”
According to the report, the increase in product complexity is one of the key drivers in the cPDM market in South Korea. The need for high return, market penetration and expansion, geographical expansion, product portfolio expansion, and intense competition has led to several companies across industries in South Korea producing new and innovative products.
Further, the report states that the high implementation cost of cPDM solutions is one of the key challenges in this market.
Dassault Systèmes, SAPTC (Parametric Technology) Inc., SAP SE, Siemens PLM Software., Accenture, Aras, Autodesk, Geometric, HP, IBM, Oracle, Polarion Software TCS, Wipro Limited
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