Research and Markets: Product Data Management Software Market in India
2011-2015 with Dassault Systemes SA, Parametric Technology Corp. and Siemens
PLM Software Inc. Dominating
DUBLIN -- November 12, 2012
Research and Markets
(http://www.researchandmarkets.com/research/rhvpt2/product_data) has announced
the addition of the "Product Data Management Software Market in India
2011-2015" report to their offering.
TechNavio's analysts forecast the PDM Software market in India to grow at a
CAGR of 17 percent over the period 2011-2015. One of the key factors
contributing to this market growth is the increasing use of PDM in 3D
designing. The PDM Software market in India has also been witnessing the
integration of PDM with multi-CAD systems. However, the long learning curve
for a new user could pose a challenge to the growth of this market.
Other vendors mentioned in the report are SAP AG, Autodesk Inc. and Infor
Commenting on the report, an analyst from TechNavio's Engineering team said:
"Cloud computing technology offers huge space for data storage, access,
flexibility, and security, and it is being widely accepted by several
end-users across industries. Thus, there is an increasing trend of the
development of cloud-based Product Data Management (PDM) solutions by PDM
vendors. By hosting PDM over the cloud, enterprises can significantly reduce
their operating cost, achieve better scalability, and make better,
more-informed decisions to improve the product development process. Moreover,
cloud-based PDM reduces the installation time and improves the overall
efficiency of the solution. Therefore, many SMEs are expected to adopt
cloud-based PDM software during the forecast period."
According to the report, PDM is increasingly used in 3D designing in order to
control and share the incredible volume of design data. For instance, revising
or making changes in 3D data involves updating the changes in every file
associated with the database. Therefore, PDM manages the changes in all the
data and provides error-free data management. Thus, with the increasing use of
3D tools, the use of PDM solutions is on the rise, which is having a positive
impact on the growth of the market.
Further, the report discusses that the decreased adoption of PDM solutions by
small and medium-sized enterprises (SMEs) acts as a major barrier to the
growth of the PDM Software market in India.
For more information visit
Research and Markets
Laura Wood, Senior Manager.
U.S. Fax: 646-607-1907
Fax (outside U.S.): +353-1-481-1716
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