Global cPDM in the Automotive Sector Market to High at a CAGR of 10.18% By 2019: Radiant Insights
Collaborative product definition management (cPDM) software solutions is a strategic business approach applying a consistent set of business solutions that collaboratively provide effective and efficient methods for managing the functions of product lifecycle management (PLM). They help in effective product data management, collaborative product visualization, collaborative product commerce, effective integration of cPDM with enterprise applications, and supplier relationship management (SRM). cPDM software solutions assist in streamlining manufacturing and production processes for efficient business operation. cPDM helps enterprises bring innovative and profitable products to market more effectively in the evolving e-business web-enabled environment. These software solutions are adopted by industries such as the automotive, electronics, industrial machinery, aerospace and defense, process packaged goods, petrochemical, and shipbuilding.
Technavio’s analysts forecast the global cPDM market in the automotive industry to grow at a CAGR of 10.18% over the period 2014-2019.
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Covered in this report
The report covers the current scenario and the growth prospects of the global cPDM market in the automotive industry for 2015-2019. The market can be segmented into two segments: software and services.
Technavio’s report, Global cPDM Market in the Automotive Industry 2015-2019, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects in the coming years. The report includes a discussion of the Key vendors operating in this market.
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