Automotive Industry Driving Demand for Product Data Management Software12 Oct 2011 • by Natalie Aster
A recently published report “Product Data Management Software Market in India 2010-2014” by Infiniti Research reveals that the Product Data Management Software (PDM) market in India is expected to grow at a CAGR of 16.3 percent over the period 2010–2014. The report, which focuses specifically on India, indicates that the market is being driven by the growing demand coming in from the automotive and industrial machinery segments.
According to Technavio’s industry analyst, “The Industrial Machinery and Automobile segments have been key drivers for the PDM Software market. Growth in these industries has had a positive impact on the PDM market. Many large automotive companies are opening operating units in the rapidly growing market in India. These Automotive companies are dependent on PDM software to connect various departments across regions. Moreover, PDM software is used to increase productivity and efficiency of the product development cycle, and reduce the supply chain complexity.”
Product Data Management Software Market in India 2010-2014
Published: September 2011
Price: US$ 1,500.00
The report also highlights that security concerns are hindering the growth of this market. However, the consistent outsourcing of product design and engineering services to India is expected to boost market growth. This market is also marked by the integration of Product Data Management with enterprise applications. These are just some of the important findings presented in the report that will enable companies to fully understand the potential in this market and formulate their own strategies.
The report is based on extensive research conducted with industry experts, vendors, and end-users. It examines the key trends, drivers, and challenges impacting the evolution of this market. The report also contains incisive insights and SWOT analyses regarding the key vendors in this market.
Companies mentioned in the report include Siemens PLM Software, Dassault Systemes, Parametric Technology Corp., and SAP AG.
More information can be found in the report “Product Data Management Software Market in India 2010-2014” by Infiniti Research.
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