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SaaS Set to Boost the Global CPDM Market: TechNavio Report
The market is expected to grow at a CAGR of 8.41 percent during the period of 2013-2018
“Many manufacturing companies require product lifecycle management software for various functions such as product design, design engineering, manufacturing, and disposal. CPDM is one of the segments of the Global PLM Software market, which deals with all the functional levels of the organization,”
SaaS is becoming a popular option for deploying enterprise software. In addition to the increased adoption of SaaS-based solutions by SMEs, these solutions are gradually making their way into large enterprises as well, as a cost-effective alternative.
The subscription model for software available over the internet provides increased flexibility to organizations using SaaS-based software. Also, many vendors in the market have begun to offer CPDM software solutions through the SaaS model to expand their services and enter new markets.
To define the market conditions in the next 3-4 years, TechNavio analysts have conducted in-depth analysis of the impact of market drivers, challenges and trends featuring data on product segmentations, vendor shares, growth rate by revenue and an evaluation of the different buying criteria in the order of importance.
If you are interested in more information on this topic and our upcoming research on Global CPDM Market 2014-2018 (http://www.technavio.com/
TechNavio is a leading global technology research and advisory company. Founded in 2003, TechNavio has about 200 analysts globally and develops over 2000 pieces of research every year. We cover more than 500 technologies across 80 countries.
We focus on emerging trends that can shape a market, and model these trends using a mix of quantitative and qualitative tools in our proprietary research methodologies in order to build forecasts across market segments and geographies. These forecasts and analysis are used to help our customers identify new and existing opportunities in their markets. We also help customers assess their competitive position in a constantly changing technology market scenario.
TechNavio analysts employ primary as well as secondary research techniques to ascertain the size and vendor landscape in a range of markets. Our analysts obtain the information using a combination of bottom-up and top-down approaches, besides using in-house market modeling tools and proprietary databases. They corroborate this data with the data obtained from various market participants and stakeholders across the value chain, including vendors, service providers, distributors, re-sellers, and end-users.
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