Product Data Management Software Effectively Improving Quality of Products08 Nov 2011 • by Natalie Aster
A recently published report “Global Product Data Management Software Market 2010–2014” by Infiniti Research reveals that the Global Product Data Management (PDM) Software market is expected to grow at a CAGR of 12.7 percent over the period 2010–2014. The report, which covers the Americas as well as the EMEA and APAC regions, indicates that the market is being driven by the proven ability of this software to improve quality.
According to Technavio’s industry analyst, “PDM software provides solutions that connect different stages of a product development cycle in an effective manner. With PDM software, all phases of product development are efficiently managed and controlled. In addition, PDM software reduces production and/or product design errors; thereby, reducing an organization’s operating expenses and other expenses such as warrant costs, product return costs, damage costs, product failure costs, and downtime loss.”
Global Product Data Management Software Market 2010–2014
Published: September 2011
Price: US$ 1,500.00
The report also highlights that the high investment required is hindering the growth of this market. However, with the implementation of this software organizations have been witnessing reduced product recall rates. This is expected to keep driving the market. This market is also marked by the emergence of web-based product management. 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 SAP AG, Siemens PLM Software Inc., Parametric Technology Corp. (PTC), Oracle Corp., and Dassault Systems.
More information can be found in the report “Global Product Data Management Software Market 2010–2014” by Infiniti Research.
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