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. It helps store and manage the product design and manufacturing information.
The main objective of PDM is to create a single repository for all the information about a company's products and services, and ensure timely compilation of the information and engineering data as it develops. A PDM system is like an information infrastructure. It provides users with support in performing their tasks by means of different functional models that it incorporates, with other integrated software systems. PDM is therefore a base for different systems, into which other applications can be integrated.
When working on the same project, designers and engineers access different versions of the latest data. This not only creates confusion, but also causes problems with the overall management. All files and changes are stored into a database and networked using a PDM solution. Moreover, managers and executives can clearly see the project progress, work done by different individuals, and also determine if any change of objective (from that of the management) has occurred.
The Chinese PDM solutions market has seen a consistent year-on-year growth; and despite the recession, investments in PDM software continued during the first quarter of 2008. A dip in investments in the PDM market was observed in the last quarter of 2008, which is likely to impact the market’s growth during 2009. However, a rapid recovery in the PDM market is expected during the first half of 2010, with companies starting to invest in IT solutions.
The report by TechNavio Insights forecasts the size of the Product Data Management Software market in China over the period 2008-2012. Further, it discusses the key market trends, drivers and challenges of the PDM Software market in China, and profiles some of the key vendors of this industry.