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cPDM Market in India Will See Intense Competition Among Service Providers Through 2019: TechnavioGrowing competition among service providers in the Collaborative Product Definition Management (cPDM) Market in India is expected to boost market projections and contribute to a CAGR of 14.50 percent from 2015-2019, says research firm Technavio. About the Report cPDM helps enterprises bring innovative and profitable products to market more effectively in an evolving e-business, web-enabled environment. Increased demand for services associated with cPDM installation from various industries has led to intense competition in the market. "Demand for different services like change and process management, strategic planning and training has led service providers to incorporate these services in their offerings, thus boosting the cPDM market" says Faisal Ghaus, Vice President of Technavio. The latest Technavio report also emphasizes the availability of cloud based services as a major market growth driver. Vendors are focusing on reducing the adoption cost of product lifecycle management (PLM), thereby leading to increased adoption of cloud-based PLM software. Various PLM service providers are implementing PLM on the cloud for end-users. "Wipro is providing cloud-based PLM services for Siemens (News - Alert) PLM Software's solution, Teamcenter. These services help electronics and semiconductor manufacturing companies to deploy Teamcenter on the cloud through IaaS," says Ghaus. Key Information Covered in the Report:
Technavio currently has more than 3000 market research reports on a huge range of topics, including 50+ reports on the cPDM Market: If you are interested in more information, please contact our media team at [email protected].
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