Collaborative Product Definition Management Market Share, Size, Overview, Outlook and Research Report 2016

Technavio Announces the Publication of its Research Report Global Collaborative Product Definition Management (cPDM) Market 2016-2020

Technavio recognizes the following companies as the key players in the global collaborative product definition management (cPDM) market: Siemens PLM Software, Dassault Systèmes, PTC and SAP.

Other Prominent Vendors in the market are: Accenture, Aras, Autodesk, Geometric, HP, IBM¸ Oracle, Polarion Software, TCS, and Wipro.

Browse full report with TOC@ https://marketreportscenter.com/reports/368514/global-collaborative-product-definition-management-market-2016-2020

Commenting on the report, an analyst from Technavios team said: Increasing complexity of data management will be a key trend for market growth. Machine learning is the process by which computers act and make decisions without any human/explicit programming through pattern recognition and artificial intelligence. Integration of machine learning in operations, a major trend in manufacturing, has helped manufacturers to use predictive analysis in their manufacturing processes for gaining useful insights. Machine learning can increase the production capacity by more than 15%. Material wastage could be lowered by 5%.

According to the report, one of the key drivers for market growth will be the necessity for safety features in automobiles. The cPDM market in the automotive industry is driven by the increasing need for passenger safety. The increase in number of deaths resulting from road accidents has encouraged many countries to mandate the adoption of better safety features in automobiles. The increasing need for safety features has driven the growth of cPDM in the automotive industry. cPDM is widely used for R&D activities related to crash tests and other safety feature measurements.

Further, the report states that lack of standardization will be a challenge for the market. Vendors are finding it difficult to provide interoperability because of the lack of...