Product Data Management Software Market Scope
Product data management (PDM) software is used to manage product data and process-related information in a single, central system. Product data management consist of information related to computer-aided design (CAD) data, models, parts information, manufacturing instructions, requirements, notes and documents. this huge and essential information is need to manage on single platform. Thus, most of product driven organisation prefers this application software. It PDM system is accessible by multiple applications and multiple teams across an enterprise, and supports business-specific needs. Furthermore, a PDM system provides solutions for secure data management, process enablement, and configuration management. Rising end use industrial expenditure and increasing preference for product innovations has impacted on the demand for PDM software in positive manner.
The companies are exploring the market in new regions by adopting mergers & acquisitions, expansions, investments, new service launches and collaborations as their key strategies. Key players are exploring new geographies through expansions and acquisitions worldwide to avail competitive advantage through combined synergies Research Analyst at AMA estimates that United States Players will contribute to the maximum growth of Global Product Data Management Software market throughout the predicted period.
Salsify (United States), eJeeva (United States), CMPRO (United States), Questudio (United States), SolidWorks (Canada), Dozuki (United States), Informatica (United States), Plytix.com (Denmark), Vinculum Solutions (India), TDSmaker (Turkey) and StiboSystems (Denmark) are some of the key players that are part of study coverage.
Segmentation Overview
The study have segmented the market of Global Product Data Management Software market and Region with country level break-up.
On the basis of geography, the market of Product Data Management Software has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Denmark, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Turkey, Africa), North America (United States, Canada, Mexico).
Influencing Trend:
Increasing Need for Standardization in Product Designs
Market Growth Drivers:
Rising Demand from Automobile Industry and Growing Need for Product Innovations
Challenges:
High Cost and Complexity Issues Associated With Software
Restraints:
Threat of Software Privacy and Cyber Security
Opportunities:
Increasing Demand for Cloud-Based Product Data Management Solutions
Market Leaders and their Expansionary Development Strategies
In April 2021, Autodesk, Inc. has acquired Upchain, a provider of instant-on, cloud-based product lifecycle management (PLM) and product data management (PDM) solutions. This acquisition will further help Autodesk to deliver more solutions for engineers, manufacturers, suppliers and other product stakeholders by increasing collaboration across the decentralized product value chain, regardless of CAD system.
Key Target Audience
Product Data Management Software Providers, Service Providers, Technology Solution Providers, Automobile Industry, Aerospace and Defense Sector, Governmental Bodies and Research Firms
About Approach
The research aims to propose a patent-based approach in searching for potential technology partners as a supporting tool for enabling open innovation. The study also proposes a systematic searching process of technology partners as a
preliminary step to select the emerging and key players that are involved in implementing market estimations. While patent analysis is employed to overcome the aforementioned data- and process-related limitations, as expenses occurred in that technology allows us to estimate the market size by evolving segments as target market from the total available market.