Outlook of the collaborative product definition management (cPDM) market

The market research analysts at Technavio predict that the global collaborative product definition management (cPDM) market will grow steadily and post a CAGR of around 10% by 2020. The increase in demand for product lifecycle management (PLM) solutions used for communication, coordination, and collaboration with different business units will be one of the significant factors contributing to the growth of the market. Product outlining will be an important component of the overall manufacturing process and solutions such as cPDM as they enable effective collaboration among various departments that plan, design, manufacture, and support a product throughout its lifecycle. Additionally, it also ensures the availability of updated product information to all units. Also, collaboration techniques conferred by PLM solutions will add to the ease of designing a product, help manage material costs, lower inventory costs, and boost product quality.

A recent trend observed in the global cPDM market is the capability of cPDM to support CAD Files. Several cPDM vendors have incorporated the ability to support different types of CAD files, such as .dwg, .dft, .3dxml, .psm, and database files, which will enable the effective integration of various design records into signal product structures. Furthermore, this ability will aid in the integration of two-dimensional (2D) and three-dimensional (3D) documents for visualization of the product assembly, which will further help in the evolution of the market space.

Competitive landscape and key vendors

In this market, there appears to be intense competition among the existing vendors and new entrants. The sellers will opt for mergers and acquisitions, distribute resources to market products that are distinct, clear, and unique value proposition, and in technological innovations. The adoption of these improvements will allow business houses to focus on delivering a rich user experience with improved performance and increased flexibility.

Key vendors in the market are -

• Siemens
• Dassault Systèmes
• PTC
• SAP

Some of the other prominent vendors are Accenture, Aras, Autodesk, Geometric, HP, IBM, Oracle, Polarion Software, TCS, and Wipro.

Market segmentation based on end-user and analysis of the cPDM market

• Electrical and electronics industry
• Industrial machinery industry
• Automotive industry
• Aerospace and defense industry

During 2015, the automotive industry dominated the market accounting for around 24% of the total market share. Some of the factors that will contribute to the growth are rising demand for fuel-efficient automobiles, stringent environmental laws and emission standards from various government entities, embedded software content in vehicles, and an increasing need for small and lightweight vehicles.

Market segmentation based on geography and analysis of the cPDM market

• America
• APAC
• EMEA

During 2015, EMEA dominated the market accounting for approximately 39% of the total market share. One of the factors attributing to the growth of this market segment will be the implementation of manufacturing processes with a strong focus on design and specifications. This, in turn, resulted in the growth of the aerospace and defense industry, which is the largest consumer of cPDM solutions in this region. Some of the major vendors will also set up research and development facilities in Europe to provide better after sale services and reduce product recalls.

Key questions answered in the report include

• What will the market size and the growth rate be in 2020?
• What are the key factors driving the global collaborative product definition management market?
• What are the key market trends impacting the growth of the global collaborative product definition management market?
• What are the challenges to market growth?
• Who are the key vendors in the global collaborative product definition management market?
• What are the market opportunities and threats faced by the vendors in the global collaborative product definition management market?
• Trending factors influencing the market shares of the Americas, APAC, and EMEA.
• What are the key outcomes of the five forces analysis of the global collaborative product definition management market?

Technavio also offers customization on reports based on specific client requirement.

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