PDM (Product Data Management) is the process of managing the evolution of a product and providing associated tools and applications with the accurate product information at the right time in the right format during the entire PLC (Product Life Cycle).

The implementation of a PDM software reduces data errors encountered during the entire manufacturing process. Further, this software offers product data version control facility, which enables the participants across all areas of the manufacturing process to use only the most current documentation. Thus, it ensures that only current versions of design, materials, and production documents are used throughout the process. This further helps in accurately tracking the source of all the parts and components that are used within the process. Thus, a PDM software helps in reducing the errors that occur due to the availability of different version of the design.

PDM software in Korea was primarily used in heavy industries, like Automotive, Ship building and Aerospace. However, with developments in the PDM software, different industry segments (such as Discrete Manufacturing; Industrial Machinery and equipment; and Consumer products) are also adopting the PDM solutions. This requires PDM software vendors to customize their products according to the specific needs and requirements of each industry. Thus, the Korean PDM software market is witnessing customized PDM products being offered by the vendors.

This report by TechNavio Insights highlights the current and future market potential of the PDM Software market in Korea. Further, it discusses trends, drivers, growth inhibitors. It also profiles a few major vendors in the market.