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[November 12, 2012]
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
(M2 PressWIRE Via Acquire Media NewsEdge) Dublin - Research and Markets (
) 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 Global Solutions.
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.
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