DUBLIN — (BUSINESS WIRE) — October 24, 2011 — Research and Markets( http://www.researchandmarkets.com/research/f70110/product_data_manag) has announced the addition of the " Product Data Management Software Market in the EMEA Region 2010-2014" report to their offering.
One of the key factors contributing to this market growth is the need for faster time-to-market product. The PDM Software market in the EMEA region has also been witnessing the integration of enterprise applications with PDM software. However, the need for multiple PDM software could pose a challenge to the growth of this market.
TechNavio's report highlights that the need to reduce the time to market a product is one of the major drivers of the PDM Software market in the EMEA region. Manufacturing industries prefer PDM as a fast and cost-effective method to reduce the time to market of their products. PDM software provides a collaborative database whereby product information is shared with various functional departments such as Sales, Purchase, and Design. Thus, users can improve their productivity speed and quality, and ensure a shorter product development cycle.
Commenting on the report, an analyst from TechNavio's Engineering Services team said, One of the key challenges for the PDM Software market in the EMEA region is lack of support for multiple applications and files. The vendors of this market are not able to provide an integrated or common solution that can support all product development applications files. In addition, the lack of supporting applications affects the performances of both PDM software and product development software.
Key findings from the report:
- Supporting Multiple Applications and Files
- High Customer Switching Cost
- Cloud-based Product Data Management
The contents of this report are based on research conducted on an objective combination of primary and secondary sources, including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to a SWOT analysis of the key players.
Companies Mentioned:
- SAP AG
- Siemens PLM
- Parametric Technology Corporation
- Dassault Systmes
- Oracle Corp.
For more information visit http://www.researchandmarkets.com/research/f70110/product_data_manag
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