cPDM Market in the UK - Report Analysis, Forecast and Trends
Market outlook and key factors impacting its growth
The UK contributes significantly towards the adoption of cPDM, with a sizeable share of roughly 12% of the overall European market. The growing prevalence of cPDM software creates an intense awareness about the bill of materials (BOM), and it helps companies deploying the software to study the impact of supplier cost on the final product cost.
Implementation of cPDM facilitates collaboration among several units involved in a product development process. It aids data creation, sharing, and management among different business units. Currently, vendors in the cPDM market are closely following cloud based services to reduce the adoption cost of PLM. It is subsequently expected to increase the demand for cPDM software from key end-user segments.
Product recalls in the automotive sector drives the growth of the cPDM market in the UK. Increased investments in cPDM by automobile manufacturers adds to its growth. Competent handling of PLM software such as CAD, cPDM, CAE, and CAM helps to scale down product related flaws through better advanced and immaculate techniques.
Top companies in the cPDM market in the UK
Market landscape and PLM industry insights
The cPDM market in the UK presents a competitive vendor landscape with a considerable number of PLM software vendors that are leveraging the lucrative market through mergers and acquisitions. The occupancy of large number of service providers and value added resellers in UK permits convenient access to customized cPDM solutions.
While industries need PLM solutions for designing and simulation analysis of the products, cPDMs are used among business units for collaboration and management of data.
The cPDM market in The UK is expected to reach over US$900 million by 2019, growing at a CAGR of around 10% during the forecast period.
On the basis of application, the comprehensive cPDM segment accounted for the largest market share in the cPDM market in the UK in 2014. In terms of product segmentation, the services segment accounted for a larger share in the market in 2014.
The cPDM service providers in the UK earn their revenue through
- Implementation Services
- Maintenance and Support
- Process and Change Management
- Consultation Services (Strategic Plan Services)
- Training Services
Market segmentation based on application
The cPDM market in The UK is compartmented into two on the basis of applications: -
- Comprehensive cPDM
- cPDM Focused Applications
Some of the popular cPDM applications trending in the market include content management systems, independent view, and markup packages. They are primarily implemented in the consumer packaging goods industries where only specific divisions require the assistance of cPDM software.
Comprehensive cPDM consists of solutions such as portfolio management, content management systems, BOM, and asset management. The comprehensive cPDM market is primarily driven by major end-users like aerospace and defense industry, and automotive industry.
The marked-up adoption of comprehensive cPDM solutions such as Teamcenter, Windchill and ENOVIA across major industries has resulted in a greater market share for the comprehensive cPDM segment of the cPDM market.
Other Sections of the Report Include an Analysis on the Following
- Advantages of adopting comprehensive cPDM
- cPDM solutions ecosystem in Europe
- Key drivers and their impact on the cPDM market in the UK
- Key challenges and their impact on the cPDM market in the UK
- Key trends and their impact on the cPDM market in the UK
- Five forces analysis of the cPDM market in the UK
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