Product Lifecycle Management

Format: 2017-02-22
Format: 2017-02-22
February 21, 2017 | 70 Pages | SKU: IRTNTR11883

Overview of the mainstream product lifecycle management (PLM) market

Extensive research carried out by the analysts at Technavio has shown that the global mainstream PLM market will witness impressive growth and will post a staggering CAGR of close to 10% during the forecast period. The increasing need for safety features in automobiles is one of the primary factors driving this market’s growth. The cPDM market in the automotive industry is driven by the increasing need for passenger safety. The increasing number of fatalities from road accidents has forced the governments of many countries to adopt better safety features in vehicles, for example, mandatory crash tests for all vehicles was started in India during 2014. The increasing need for safety features has driven the growth of collaborative product definition management in the automotive industry as cPDM is extensively used for carrying out R&D activities related to crash tests and other safety feature measurements. This, in turn, is anticipated to bolster the growth of the PLM market over the coming years.

The augmented demand for cloud-based MCAD software is one of the latest trends gaining significant traction in the market. MCAD software solutions offer several advantages such as vast space for data storage, ease of access, flexibility, and security. Also, most SMEs prefer cloud-based MCAD software due to its cost-effective nature. Moreover, the end users are not required to pay the license cost as the software can be accessed through the cloud. Additionally, by hosting MCAD software on the cloud, the end-users can significantly reduce their operating costs and improve the efficiency


February 01, 2017 | 73 Pages | SKU: IRTNTR11794

Overview of the global EDA market

The global EDA market is anticipated to grow at a steady rate and will post a CAGR of more than 5% during the forecast period. The increasing use of EDA in the aerospace and defense industry for reducing design time will drive the growth prospects for the global EDA market until the end of 2021. Some of the major factors responsible for the increased adoption of EDA in the manufacturing of aerospace and defense equipment is a reduction in the design time, errors, and costs. For instance, the Mentor Graphics' Capital product used to streamline the wiring design process is an advanced electrical system and wire harness design software suite. One of the key functions of this suite is to reduce the cycle time in the electrical system integration by eliminating prototypes.

The availability of cloud-based EDA will drive the growth prospects for the global EDA market in the forthcoming years. Some of the major benefits associated with the deployment of EDA in the cloud is cost-effectiveness, nil license charge, low costs, faster distribution, low maintenance, and increased scalability.

Competitive landscape and key vendors

The global EDA market is highly competitive and diversified due to the presence of a large number of regional and international vendors across the globe. These vendors are increasingly focusing on improvising their product portfolio by investing more in research and developmental activities.

Key vendors in this market are -

  • Cadence Design Systems
  • Synopsys
  • Siemens PLM Software

Other prominent vendors in


January 19, 2017 | 88 Pages | SKU: IRTNTR11637

Overview of the global computer-aided design (CAD) market

The global computer-aided design (CAD) market is anticipated to grow at a steady rate and will post a CAGR of close to 7% during the forecast period. The increasing number of adoption of cloud-based CAD in APAC will drive the growth prospects for the global CAD Market until the end of 2021. With the growing preferential shift from product lifecycle management (PLM) to cloud-based PLM software due to high costs associated with the adoption of PLM, the popularity of cloud-based PLM software is increasing in the market. For instance, the cloud-based PLM services provided by Wipro can deploy Teamcenter on the cloud through infrastructure as a service (IaaS) that reduces the upfront costs and total cost of ownership (TCO). Furthermore, some of the benefits provided by cloud-based solutions are the reliability, easy accessibility of data from any location, and data backup when data is lost from the company’s storage devices.

The increasing shift from 3D CAD to 4D CAD will drive the growth prospects for the global CAD Market in the forthcoming years. Some of the major factors responsible for the intensely competitive environment between the vendors is the absence of product differentiation, globalization, and the need to incorporate additional features and functionalities in their solutions that improve the customer experience. As a result, these vendors are coming


January 02, 2017 | 56 Pages | SKU: IRTNTR11337

Overview of the global architectural engineering and construction (AEC) market

The global AEC market is anticipated to grow rapidly and will post a CAGR of close to 12% during the forecast period. The rising demand for cloud-based AEC solutions will drive the growth prospects for the global AEC market until the end of 2021. One of the major factors responsible for the growing demand for cloud-based AEC solutions is its ability to provide centralized access to AEC-based project data irrespective of location. Also, other benefits associated with cloud-based AEC such as accessibility on any operating system such as Windows, Apple, and Android. Furthermore, the availability of new cloud-based AEC solutions will increase during the forecast period because many end-users have begun to realize the associated benefits such as low maintenance cost, flexibility, and scalability of the solution.

The growth of 5D building information modeling (BIM) will drive the growth prospects for the global AEC market for the next few years. 5D BIM is considered as an evolution of 4D and 3D BIM that provides a platform for the integration of time and cost factor. Also, 5D BIM helps in obtaining information such as deviations from the pre-determined project schedule and budget, an in-house database with complete details regarding the cost and labor productivity rates, efficient preparation of cost schedules, etc.

Competitive landscape and key vendors

The global AEC market is characterized by the presence of well-diversified international and regional vendors. It has been observed that international players are focusing on expanding their foothold in the market by increasing their product extensions, technological innovations, and M&A, whereas, local vendors find it difficult to compete with large vendors in terms of quality and features of AEC solutions.

Key vendors in this


December 29, 2016 | 85 Pages | SKU: IRTNTR11319

Overview of the global GIS market

Technavio’s market research analyst predicts that the global GIS market will grow at a CAGR of more than 10% between 2017 and 2021. Organizations are increasingly adopting enterprise GIS, which enables access to all geospatial data and applications within the organization. To follow a consistent methodology to address the needs of all business units, they adopt an enterprise GIS, which helps in sharing resources, data, and applications, as well as increasing operational efficiency. Such system allows greater interdepartmental communication and resource sharing and better decision-making. Caliper has come up with an enterprise GIS software, Maptitude for using mapping software within an organization. Through its implementation, the geographic data can be managed, shared, and used by multiple users in the organization for presentation and analysis.  One of the latest developments in the market is the integration of GIS and big data analytics. The merger has created a new procedure for analyzing high volumes of clustered data. Recently, GIS provider, ESRI has designed a GIS tool for Hadoop, which allows the use of Hadoop context for spatial analysis on spatial data. It is an open-source software for big spatial data analysis and helps in the visualization and analysis of maps.

Geographically, the Americas accounted for the largest share in the global market during 2016. Much of the region’s high growth can be attributed to the growing adoption of GIS in the healthcare sector in North America. The military sector is one of the key end-users, which is developing GIS software since the introduction of GIS in the


December 28, 2016 | 66 Pages | SKU: IRTNTR11290

Overview of the global CFD market in the automotive industry

Technavio’s market research analyst predicts the global CFD market in the automotive industry to grow at a CAGR of almost 10% by 2021. At present, the automotive manufacturers are undergoing high pressure to minimize the product development cycle. CFD is primarily used in the designing stage of the product development cycle, specifically in the simulation and optimization processes. The designing stage is crucial in the product development lifecycle as it reduces the time and cost of production of automotive products and components. Such advanced characteristics have promptly increased the dependence of several industries on the software to reduce product development cycle time. The effective use of PLM software such as CAD, CFD, and CAM helps minimize product recalls by refining the product design, which will subsequently increase the application of CFD software in the automotive industry.

The automotive industry is witnessing the growing shift towards the adoption of electric vehicles. Several vehicle manufacturers are increasing their investments in the research activities to manufacture fuel-efficient vehicles. They are complying with the set standards and are focusing towards manufacturing cost-effective vehicles. Companies such as General Motors and Ford have increased the


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