DUBLIN — (BUSINESS WIRE) — September 22, 2011 — Research and Markets ( http://www.researchandmarkets.com/research/9f6eaf/global_product_dat) has announced the addition of the " Global Product Data Management Software Market 2010-2014" report to their offering.
One of the key factors contributing to this market growth is faster time to market of a product. The Global PDM Software market has been witnessing integrated product data management software with enterprise applications. However, the lack of knowledge and participation by supply chain partners could pose a challenge to the growth of this market.
Product Data Management Software Effectively Improving Quality of Products
This report, which covers the Americas as well as the EMEA and APAC regions, indicates that the market is being driven by the proven ability of this software to improve quality.
According to Technavio's industry analyst, PDM software provides solutions that connect different stages of a product development cycle in an effective manner. With PDM software, all phases of product development are efficiently managed and controlled. In addition, PDM software reduces production and/or product design errors; thereby, reducing an organization's operating expenses and other expenses such as warrant costs, product return costs, damage costs, product failure costs, and downtime loss.
The report also highlights that the high investment required is hindering the growth of this market. However, with the implementation of this software organizations have been witnessing reduced product recall rates. This is expected to keep driving the market. This market is also marked by the emergence of web-based product management. These are just some of the important findings presented in the report that will enable companies to fully understand the potential in this market and formulate their own strategies.
Technavio's report, Global Product Data Management Software Market 2010-2014, is based on extensive research conducted with industry experts, vendors, and end-users. It examines the key trends, drivers, and challenges impacting the evolution of this market. The report also contains incisive insights and SWOT analyses regarding the key vendors in this market.
Key vendors dominating this market include SAP AG, Siemens PLM Software Inc., Parametric Technology Corp., and Oracle Corp.
For more information visit http://www.researchandmarkets.com/research/9f6eaf/global_product_dat
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