Product Data Management (PDM) Software Market:
Executive Summary
Product data management (PDM) software is used for managing product data and process-related information in one, central system. Such information that a PDM software manages may include computer-aided design (CAD) data, models, manufacturing instructions, parts information, requirements, notes, as well as other documents. PDM systems are used for capturing product data and effectively managing captured data, and ensuring that users receive information in the correct context throughout the product lifecycle. Various important tasks including file ownership, revision management, version control (check-in and check-out of files), and release status can all be managed by a product data management (PDM) software.
The global product data management (PDM) software market has experienced immense growth over the years, and this trend is expected to continue during the forecast period. This is because with the right PDM software, companies, regardless of which industry they belong to, have access to a solid foundation that they can expand into a full PLM platform with ease. The ideal PDM software should cater to business-specific needs and goals, and should be accessible by multiple applications and multiple teams across the organization. At its core, a product data management (PDM) software is a software that provides solutions for a safe and secure data management while increasing efficiency, enables processes and manages configuration.
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The global market for PDM software is predicted to witness an increase in demand, especially in major developed and developing regions. This is because these countries have access to advanced technology and machinery, and plenty of organizations that need what a product data management (PDM) software offers which is establishing, managing and executing automated workflow-driven processes.
Market Key Player
Siemens PLM Software, Upchain, Plytix, SolidWorks, Informatica, Delogue, TDSmaker, INCONY, DEXMA, SyncForce, World Fashion Exchange, SofTech Group, Shoptimised, StiboSystems, CSI Europe
Segmentation:
The product data management (PDM) software market is segmented on the basis of product type, application and region/countries. On the basis of product type segmentation, we have on-premise PDM software and cloud-based PDM software. On-premise PDM software is located within the physical confines of the organization as it is installed and runs on a computer, while cloud-based means that it runs on remote servers and can be accessed using a browser and an internet connection. On the basis of application, we have large enterprises and SMEs, while under regions/countries, the product data management (PDM) software market is segmented into North America, Europe, China, Japan, Southeast Asia, India and Central & South America.
Regional overview:
As of now, North America is the largest market for product data management (PDM) software, owing to easy accessibility of state-of-the-art technology that enables software efficiency and efficacy. Other regions such as China, Japan, India and Southeast Asia are not too far behind either, thanks to rapid urbanization and the growing penetration of technology. These regions show a promising outlook for the PDM software market.
Industry news:
The introduction of the cloud has a significant impact on the global PDM software market. This has proven to be extremely helpful in product data management because it allows the consolidation of information regarding product development, as well as streamlining or changing orders and requests, while improving communication with the suppliers. Rather than on-premise PDM software, organizations tend to prefer cloud-based PDM software.
Continuous…
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