These devices are developed through the use of cPDM solutions. Thus, the development of smart connected devices is expected to contribute significantly to the growth of the cPDM market in South Korea during the forecast period.”
Technavio recognizes the following companies as the key players in the : Dassault Systèmes, SAPTC (Parametric Technology) Inc., SAP SE and Siemens PLM Software.
Other Prominent Vendors in the market are: Accenture, Aras, Autodesk, Geometric, HP, IBM, Oracle, Polarion Software TCS and Wipro Limited.
Commenting on the report, an analyst from Technavio’s team said: “The emergence of IoT in South Korea has led to the development of smart connected devices. Smart connected devices include portable navigation devices, media players, and imaging devices with cellular connections.
According to the report, the increase in product complexity is one of the key drivers in the cPDM market in South Korea. The need for high return, market penetration and expansion, geographical expansion, product portfolio expansion, and intense competition has led to several companies across industries in South Korea producing new and innovative products.
Further, the report states that the high implementation cost of cPDM solutions is one of the key challenges in this market.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to a SWOT analysis of the key vendors.
For further information on this report, please visit- https://wiseguyreports.com/reports/cpdm-market-in-south-korea-2015-2019
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