Global collaborative product definition management (cPDM) software market in the Fabrication and Assembly Industry

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Our global world is increasingly characterized by the rise in manufacturing, so that the need for machine tools, packaging machinery, textile machinery, agricultural machinery, and transporting machinery is increasing at the rapid pace.


Therefore, the manufacturing industry is turning to collaborative product definition management (cPDM) to streamline their activities. 

For those who are unfamiliar, collaborative product definition management (cPDM) is a business strategy, work process and collection of software applications that facilitates different organizations to work together on the development of a product.

According to Technavio the global cPDM market in the fabrication and assembly industry is expected to surpass USD 3 billion by 2019, growing at a CAGR of close to 9%.

Its latest report revealed that, the Americas generated a major part of the revenue in the global cPDM market in the fabrication and assembly industry; more than 36% in 2014 of market share. South America and the rest of North America contributed lesser to the cPDM market as compared to the US. 

The cPDM market in North America in the fabrication and assembly industry was valued at USD 591.9 million in 2014 and is expected to reach USD 862 million by 2019. 

cPDM market in the fabrication and assembly industry in EMEA to grow at a rate of nearly 8% in 2019
 
The cPDM market in EMEA in the fabrication and assembly industry is expected to reach USD 977.7 million by 2019, growing at a CAGR of close to 8%. EMEA was the second largest market for cPDM in fabrication and assembly industry in 2014. 

Europe is the major revenue contributor to the fabrication and assembly in EMEA. Germany held the largest share in the market in Europe in 2013.
The cPDM market in APAC in the fabrication and assembly industry was valued at USD 589.6 million in 2014 and is expected to reach USD 989.9 million by 2019. 

The region is an attractive destination for the manufacturing industry due to its wide available resources. The need for machine tools, packaging machinery, textile machinery, agricultural machinery, and transporting machinery is increasing in the region due to the rise in manufacturing. 

The growth of Southeast Asian economies such as Cambodia, the Philippines, Singapore, Malaysia, Indonesia, and Laos is another major positive factor for the industry. 

Dassault Systèmes, PTC, and Siemens PLM Software are among key vendors in the cPDM market in the fabrication and assembly industry.