TMCnet News
Collaborative Product Definition Management Market Will be Highly Driven by Germany and France in EMEA During 2016-2020, Declares TechnavioThe global collaborative product definition management (cPDM) market is expected to grow at a CAGR of over 10% during the forecast period, according to Technavio's latest report. In this report, Technavio covers the market outlook and growth prospects of the global cPDM market for 2016-2020. The market is further categorized into five end-user segments, including aerospace and defense, automotive, industrial machinery, and electrical and electronics industries, and others, of which the automotive industry dominated the market with 24% of the overall market share in 2015. cPDM is software that is used to manage and integrate product data into a centralized system for better tracking and enhanced collaboration among business units. cPDM software solutions help enterprises streamline manufacturing and production processes by applying a consistent set of business solutions that collaboratively provide efficient methods to manage the functions of product lifecycle management (PLM). These solutions also help organizations to boost efficient business operations and launch innovative and profitable products in the evolving e-business web-enabled environment. The cPDM software packages also help in sharing data among supply chain partners, thereby enhancing the capability, efficiency, and effectiveness of an enterprise. "The increasing demand for cPDM software in the automotive industry is because of the rising electric car production. Many major players in the automotive industry such as General Motors (News - Alert) and Ford have included electric and hybrid vehicles in their product portfolios. The automotive industry is the major end-user for cPDM software globally and it will continue to dominate the market in the forecast period," says Amrita Choudhury, a lead product lifecycle management research expert from Technavio. Technavio's ICT research study segments the global cPDM market into the following regions:
In 2015, with a market share of 39%, EMEA dominated the global cPDM market, followed by the Americas with 37% and APAC with 24%. EMEA: largest market for cPDM Germany and Franc are the major adopters of cPDM in EMEA. The market is driven by the aerospace and defense and automotive industries in the UK, which had significant growth over the past few years. The increased number of product recalls in the automotive industry is also a factor that is driving the need for a manufacturing process with strong focus on design and specifications. cPDM plays a major role in reducing product recalls. The aerospace and defense industry in Germany has had significant growth during the last decade compared with other manufacturing industries in Germany. The high demand for cPDM solutions from the aerospace and defense industry will contribute to the growth of the market during the forecast period. "The market also has the presence of large number of international vendors providing cPDM solutions. Some of the software provides are Siemens PLM Software, Dassault Systèmes, PTC, Oracle, and SAP. Accenture (News - Alert) provides cPDM services to several industries in Germany," says Amrita. Ask sample report: http://goo.gl/FJsM43 Americas: the US labeled as the largest contributor to the cPDM market The US is the largest player in the cPDM market in the Americas. The automotive industry held the largest share in the cPDM market in the US in 2015. Almost all the international players in the automotive industry have a wide presence in the US, particularly GM, Ford, and Chrysler. International players such as Toyota, BMW, Volkswagen, Honda (News - Alert), Hyundai, and Nissan also have a presence in the country. The adoption of cPDM solutions by the automobile assembly and part manufacturing plants contributed to the growth of cPDM in the automotive industry in the US. The aerospace and defense industry is the second major end-user of cPDM solutions in the US, with the increased demand for cPDM by aircraft part and component manufacturers. The use of cPDM solutions in the development of industrial electronics has increased leading to its increase demand in the US. APAC: extensive use of cPDM in the aerospace and defense industry in China driving market growth China is one of the major countries that drive the cPDM market in APAC. cPDM is widely used in the aerospace and defense industry in China. In terms of military expenditure, China is second in the world, first being the US. The aerospace and defense industry in China is having steady growth because of several development programs such as the C-919 single-aisle commercial air transport program by the Commercial Aircraft Corporation of China. China has plans to produce approximately 2,000 C-919 aircraft in the future through this program. One of the major reasons for the growth of the cPDM market in India is the increased demand from the automotive industry. In addition, the country is observing a high demand for two-wheelers. This has encouraged many foreign companies to set up their manufacturing units and R&D divisions in India, which will increase the demand for cPDM in the forecast period. The top vendors in the global cPDM market highlighted in the report are: Browse Related Reports:
Do you need a report on a market in a specific geographical cluster or country but can't find what you're looking for? Don't worry, Technavio also takes client requests. Please contact [email protected] with your requirements and our analysts will be happy to create a customized report just for you. About Technavio Technavio is a leading global technology research and advisory company. The company develops over 2000 pieces of research every year, covering more than 500 technologies across 80 countries. Technavio has about 300 analysts globally who specialize in customized consulting and business research assignments across the latest leading edge technologies. Technavio analysts employ primary as well as secondary research techniques to ascertain the size and vendor landscape in a range of markets. Analysts obtain information using a combination of bottom-up and top-down approaches, besides using in-house market modeling tools and proprietary databases. They corroborate this data with the data obtained from various market participants and stakeholders across the value chain, including vendors, service providers, distributors, re-sellers, and end-users. If you are interested in more information, please contact our media team at [email protected].
View source version on businesswire.com: http://www.businesswire.com/news/home/20160825005037/en/ |
