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PDM Market in India 2009-2013
Infiniti Research Limited, April 2010, Pages: 12
PDM (Product Data Management) is the process of managing the evolution of a product and providing associated tools and applications with the accurate product information at the right time in the right format during the entire PLC (Product Life Cycle). Manufacturing firms, in India, are increasingly implementing PDM software for managing their product development and production processes. A PDM software helps them collaborate the product data across their multiple offices, within multiple time zones and even multiple continents easily and conveniently. Further, PDM software allow them to reuse the standard data of the product. They need not to spend in recreation of data that was created in the initial stage of the product lifecycle. Thus, PDM provides a cost-effective solution for managing and maintaining the data. These benefits of PDM software are driving the sales of PDM in the Indian market.
Today, manufacturing companies are realizing that while the adoption of enterprise applications like ERP, SCM and CRM helps streamline and improve business practices, these solutions do not help in improving their core functions within the product development process. Thus, companies are adopting PDM solutions that play a critical role in the product development process; helping domestic organizations set up manufacturing units across the country, and collaborate with diverse teams to share common information. Further, PDM solutions are helping in reducing cost and the product’s time-to-market. This is driving the growth of PDM solutions in the Indian Manufacturing sector.
Previously, PDM solutions were primarily used in heavy industries like automotive and aerospace. Today, organizations in other industries such as discrete manufacturing, industrial machinery and equipment, medical equipment and consumer products are increasingly adopting PDM solutions. Further, since the companies in these industries are run by the first and second generation entrepreneurs, who are technology savvy, more investments are made in the field of technology. In addition to serving the domestic market, these companies are looking to expand their presence overseas. Thus, these companies are adopting PDM and PLM solutions.
This report by TechNavio Insights highlights scope of the PDM market in India. Further, it discusses trends, drivers, growth inhibitors and a few major vendors in the market.
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