cPDM Market in the UK– Technavio Publishes Global Market Trends & Forecast
By Business Wire News
By Business Wire News
Technavio has published a new report on the cPDM market in the UK,which is expected to grow at a CAGR of almost 11% from 2015-2019.
Collaborative product definition management (cPDM)market segmentation including application, product and end-user
Technavio’s report analyses the solutions and products offered by market vendors and presents a comprehensive breakdown in terms of market segmentation for different applications, including comprehensive cPDM and cPDM-focused applications.
Additionally, analysts have segmented market projections by end-users, including the aerospace and defence industry, automotive industry, electrical and electronics industry, industrial machinery industry, CPG industry, and utility industry.
“Social PLM software is product design, development, and management software that uses web tools like cloud computing, software as a service, online communities, blogs, and social networking sites. This collaboration can be effective by using web 2.0 concepts, which helps in faster product development with accurate information from engineering experts within and outside a company,” says Faisal Ghaus, Vice President of Technavio.
cPDM: Market scope and calculation of market size
This report covers the present scenario and growth prospects for the cPDM market in the UK from 2015-2019. To calculate the market size and vendor share, Technavio considers both direct and indirect revenues of vendors.
Industry analysis includes:
- Key Vendors:
- Dassault Systèmes
- PTC (Parametric Technology) Inc.
- SAP SE
- Siemens PLM Software Inc.
- Market Growth Drivers:
- Increase in Product Recalls in Automotive Industry
- Increase in Investment by PLM Solution Providers
- Market Challenges:
- Increased Concerns over Data Security
- High Product and Training Costs
- Market Trends:
- Adoption of Social PLM Software
- Development of Smart Connected Devices
View the cPDM market in the UK report.
Technavio currently has more than 3000 market research reports on a huge range of topics, including 200+ reports on the cPDM market:
- cPDM Market in Germany – Market Shares and Forecast 2015-2019
- cPDM Market in Canada – Forecast and Trend Analysis 2015-2019
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