Product data management is a business function responsible for the publication and management of product data. Product data management software helps to manage the process-related on data centralized system. This process data includes information related to the models, computer-aided design (CAD) data, parts information, requirements, manufacturing instructions, documents, and process notes.

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Product Data Management
Market to Expand with
Signi몭cant CAGR during 2030
Date: March 3, 2022 Author: Tech News 
Product Data Management Market –
Product data management market is a business function responsible for
the publication and management of product data. Product data
management software helps to manage the process-related on data
centralized system. This process data includes information related to the
models, computer-aided design (CAD) data, parts information,
requirements, manufacturing instructions, documents, and process notes.
Product data management allows multiple access to the product data
centralized system through different applications or devices and also
supports business-speci c needs across enterprises.
Product data management software provides services such as process
enablement, secure management, and con guration management. It helps
to improve productivity and value chain orchestration and reduces cycle

2. to improve productivity and value chain orchestration and reduces cycle
time, development errors, and cost of production. Companies are using
product data management software to optimize operation resources on
the production line and the manufacturing process.
Demand for product data management is expected to increase among
different industries to maintain the product data and enhance the
productivity of business operations.
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Key Drivers of the Product Data Management Market
Increasing demand for centralized product data management solutions
and the need to facilitate collaboration between global production teams
is expected to drive the growth of the market. The managed product and
process related data helps in the decision-making process and reduces the
development cost on the production line, which is expected to boost the
growth of the market.
The rising adoption of product data management in different industries is
expected to generate revenue opportunities for software providers during
the forecast period.
Growing concern regarding product data security and awareness about new
technologies expected to hinder the growth of the product data
management market
Increasing adoption of digital platforms in industries creates a security
threat for digital information by allowing unauthorized access to the
internal database, which may restrain the growth of the market.
Lack of awareness about new technological trends in business operation
Follow

3. solutions is also expected to hamper the growth of the market.
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Impact of COVID-19 on the Global Product Data Management Market
Most businesses have shifted to the work from home business model due
to the increasing impact of COVID-19 on business growth. Growth of the
product data management market is limited to essential goods
manufacturing companies because other technology-based companies
have kept on hold the manufacturing process due to insuf cient workforce
during COVID-19 lockdown conditions.
Demand for product data management solutions is decreasing during the
COVID-19 situation. However, demand for product data management is
expected to rise due to the increasing investment of enterprises during the
forecast period.
North America to Hold Major Share of the Global Product Data
Management Market
North America holds a prominent share of the product data management
market due to the increasing adoption of product data management by the
manufacturing and automobile sector and also due to the presence of
major solution providers in the region.
The product data management market in Asia Paci c is expected to expand
the fastest during the forecast period due to the increasing adoption of
technologically advanced software platforms in production lines and
processes to reduce enterprise expenses.
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Key Players Operating in the Global Product Data Management Market
Siemens AG
Siemens AG is one of the leading global manufacturers of resource-saving and
energy-ef cient technologies. The company primarily operates through seven
business segments that include digital industries, smart infrastructure, gas
and power, mobility, Siemens Healthineers, Siemens Gamesa Renewable
Energy, and Siemens Financial Services (SFS). Siemens AG focusses on areas of
automation, electri cation, and digitalization. Additionally, the company
provides engineering solutions in automation and control, power,
transportation, and medical diagnosis.
IBM Corporation
IBM Corporation was previously known as Computing-Tabulating-Recording
Company. IBM Corporation operates as an integrated services and technology
company worldwide. Furthermore, it also offers different computing
platforms, solutions, and services that includes Watson, big data operations,
data management platforms, enterprise social software, cloud data services,
talent management, industry solutions, and transaction processing software
for public safety.
Other key players operating in the global product data management market
include SyncForce, PROLIM Corporation, Talend group, Teradata Corporation,
SAP SE, and Informatica LLC.
Global Product Data Management Market: Research Scope
Global Product Data Management Market, by Component

5. Solutions
Multi-domain
Single-domain
Services
Implementation & Integration
Support & Maintenance
Global Product Data Management Market, by Deployment
Cloud-based
On-premises
Global Product Data Management Market, by Industry
BFSI
Automobile
Healthcare
Government
Manufacturing
IT & Telecom
Others
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Market -Latest Trends,
Demand, Growth,
Opportunities & Outlook
Till 2030
Valuation Of US$ 12.68 Bn
By 2031
2027; New TMR Report
Explores Impact of COVID-19
Outbreak on Market
February 27, 2022
In "Latest Industry News"
February 16, 2022
In "Latest Industry News" February 23, 2022
In "Global Research"
PRODUCT DATA MANAGEMENT MARKET PRODUCT DATA MANAGEMENT MARKET ANALYSIS
PRODUCT DATA MANAGEMENT MARKET OPPORTUNITIES
PRODUCT DATA MANAGEMENT MARKET REPORT
PRODUCT DATA MANAGEMENT MARKET RESEARCH
PRODUCT DATA MANAGEMENT MARKET SIZE
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