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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.
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 -
Some of the other prominent vendors are Accenture, Aras, Autodesk, Geometric, HP, IBM, Oracle, Polarion Software, TCS, and Wipro.
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.
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.
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PART 01: Executive summary
PART 02: Scope of the report
PART 03: Market research methodology
PART 04: Introduction
PART 05: PLM overview
PART 06: Role of PLM in product development
PART 07: Market landscape
PART 08: Market segmentation by end-user
PART 09: Geographical segmentation
PART 10: Buying criteria
PART 11: Market drivers
PART 12: Impact of drivers
PART 13: Market challenges
PART 14: Impact of drivers and challenges
PART 15: Market trends
PART 16: Five forces analysis
PART 17: Vendor landscape
PART 18: Key vendors
PART 19: Appendix
PART 20: Explore Technavio
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