Global Cloud Product data management (PDM) Software Market by Type (Public Cloud, Private Cloud, Hybrid Cloud), By Application (SMEs, Large Enterprises) and Region (North America, Latin America, Europe, Asia Pacific and Middle East & Africa), Forecast From 2022 To 2030

                                          

                                                                                       
Market Overview:

The global cloud product data management (PDM) software market is expected to grow at a CAGR of 16.5% during the forecast period from 2018 to 2030. The growth in this market can be attributed to the increasing adoption of cloud-based PDM software by small and medium enterprises (SMEs) and large enterprises. Additionally, the growing demand for big data analytics and IoT is also fueling the growth of this market. However, lack of awareness about cloud-based PDM software among end users is restraining the growth of this market. On the basis of type, the global cloud product data management (PDM) software market can be segmented into public cloud, private cloud, and hybrid cloud. The public Cloud segment is expected to hold a major share in this market during the forecast period owing to its low cost and easy accessibility compared with other types of clouds.



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Product Definition:

Cloud Product data management (PDM) Software is used to manage and share product data between employees, customers, and suppliers. It allows businesses to keep track of all the changes made to products and their associated files. This can help improve communication and collaboration between team members, as well as reduce the chances of mistakes being made when working with product data. Cloud-based PDM software also makes it easier for businesses to access product data from any location or device.

Public Cloud:

Public cloud is a group of services that are offered to the general public and does not require any additional investment. It includes Software as a Service (SaaS), Hardware as a Service (HaaS) and Infrastructure as a Service (IaaS). The three main factors driving this market are increasing demand for scalability, cost efficiency and flexibility in data center operations.

Private Cloud:

Private cloud is a type of cloud computing that provides shared infrastructure, software, and services. It is also known as “Internal Cloud” or “On-premise Cloud”. In this model; the users are provided with an allocation of dedicated resources (storage space) within an organization's IT environment for their exclusive use.

Application Insights:

The software is used across multiple application areas in the market. The services are majorly used by SMEs and large enterprises. Large enterprises have a robust IT infrastructure, which requires proper management of product data to enhance operational efficiency. On the other hand, SMEs lack resources to manage their data effectively and suffer from reduced productivity owing to constant updates over products and services. Thus, cloud PDM solutions help overcome these challenges faced by small businesses while managing their entire product portfolio through a single platform with unified access from anywhere in the world.

Hybrid cloud computing has emerged as an effective solution for organizations that need dedicated resources but still require flexibility of using public or private clouds depending upon requirements or availability of resources respectively. The growing demand for elasticity offered by public cloud platforms coupled with security concerns regarding storage & processing of sensitive data has resulted in adoption of hybrid PDM solutions across various industries such as BFSI, retail etc.

Regional Analysis:

The North American region dominated the global market in 2017. The growth of the regional market can be attributed to the presence of a large number of technology providers and solution vendors. Moreover, these companies are continuously investing in research & development activities to develop advanced products for efficient management of cloud data. For instance, IBM Corporation; Microsoft Corporation; Amazon Web Services, Inc.; Google LLC; Salesforce.com Inc.; and Oracle America Inc., are some prominent players operating in this region that offer PDM software solutions for enterprises across various industry verticals including healthcare & life sciences, IT & telecoms and others.

Asia Pacific is expected to emerge as the fastest-growing regional market over the forecast period owing to increasing investments by prominent players such as IBM Corporation; Hewlett Packard Enterprise Development LP (HPE); CA Technologies Holdings PLC (CTC); Cisco Systems, Inc.; Fujitsu Limited (FJU) Ltd.; Hitachi, Ltd.

Growth Factors:

Increased demand for data storage and management: The global market for cloud-based PDM software is expected to grow at a CAGR of over 21% from 2016 to 2024. This is due to the increasing demand for data storage and management, as businesses are generating more data than ever before. Cloud-based PDM software helps organizations store, manage, and access their data quickly and easily.
Growing popularity of SaaS delivery model: The SaaS delivery model is becoming increasingly popular among businesses due to its many benefits, such as lower costs, scalability, and ease of use. Cloud-based PDM software is delivered as a service over the internet, eliminating the need for businesses to install any software or hardware on their own premises. This makes it easy for them to get started with cloud-based PDM without making any major investments in infrastructure or manpower resources.
Rising trend of BYOD: The trend of Bring Your Own Device (BYOD) has been growing rapidly in recent years as employees seek greater flexibility in how they work. With BYOD policies in place, employees can use their personal devices (such as smartphones and tablets) for work purposes without having to purchase additional equipment or licenses from their employers. This helps organizations save on costs while also providing employees with more freedom and flexibility when it comes to working hours and device choice .Cloud-based PDM software can be accessed from anywhere at any time using a personal device


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Scope Of The Report
Report Attributes
Report Details
Report Title
Cloud Product data management (PDM) Software Market Research Report
By Type
Public Cloud, Private Cloud, Hybrid Cloud
By Application
SMEs, Large Enterprises
By Companies
Upchain, Futuramo, Dassault Systèmes, Oracle, Altium, Epicor, PTC, Autodesk, Plytix
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
142
Number of Tables & Figures
100
Customization Available
Yes, the report can be customized as per your need.

Global Cloud Product data management (PDM) Software Market Report Segments:
The global Cloud Product data management (PDM) Software market is segmented on the basis of:
Types
Public Cloud, Private Cloud, Hybrid Cloud
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
SMEs, Large Enterprises
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
Upchain
Futuramo
Dassault Systèmes
Oracle
Altium
Epicor
PTC
Autodesk
Plytix



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Highlights of The Cloud Product data management (PDM) Software Market Report:
The market structure and projections for the coming years.
Drivers, restraints, opportunities, and current trends of market.
Historical data and forecast.
Estimations for the forecast period 2030.
Developments and trends in the market.
By Type:
Public Cloud
Private Cloud
Hybrid Cloud
By Application:
SMEs
Large Enterprises
Market scenario by region, sub-region, and country.
Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
Government Policies, Macro & Micro economic factors are also included in the report.

We have studied the Cloud Product data management (PDM) Software Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
North America
Europe
Asia Pacific
Middle East & Africa
Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
Correctly Positioning New Products
Market Entry Strategies
Business Expansion Strategies
Consumer Insights
Understanding Competition Scenario
Product & Brand Management
Channel & Customer Management
Identifying Appropriate Advertising Appeals



8 Reasons to Buy This Report
Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
Implemented Robust Methodology to Prepare the Report
Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
Provides Information About the Top-winning Strategies Implemented by Industry Players.
In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
Customization of the Report Available

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