Product Data Management (PDM) Software Market in Korea 2009-2013

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					Product Data Management (PDM) Software
             Market in Korea

              2009-2013
                                                                            PDM Software Market in Korea




                                            Table of Contents
1. Introduction...........................................................................................................3
2. Market Size and Forecast.........................................................................................4
3. Market Trends for PDM Software Market in Korea........................................................5
4. Market Drivers for PDM Software Market in Korea.......................................................7
5. Market Challenges for PDM Software Market in Korea..................................................9
6. Vendors...............................................................................................................10
7. Related Reports in this Series.................................................................................13



                                              List of Exhibits
Exhibit 2.1: PDM Software Market in Korea Size and Forecast 2009-2013 (in $million)........4




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                                                            PDM Software Market in Korea




1. Introduction


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 at the
right time in the right format during the entire PLC (Product Life Cycle).




A PDM system is like an information infrastructure. It supports users in performing their
tasks by means of different functional models that it incorporates with other integrated
software systems (like CAD, ERP). The functional models of a PDM software include object
repository management, object structure management, and object life-cycle management.
The main objective of a PDM software is to create a single repository for all the information,
regarding a company's products and services, and ensure timely compilation of information
and engineering data as it develops.



The Korean Manufacturing industry has observed a significant growth in the past few years
and is one of the leading contributors to the Korean economic growth.        This industry is
utilizing different engineering software (such as CAD, CAM, CAE and PDM) for improving its
manufacturing process so as to provide high quality products at lower prices. PDM solutions
help this industry improve efficiency of CAD and other engineering software work, by
allowing the work process to be conducted in a single environment. Further, PDM software
help in improving the efficiency of procurement collaboration, and allow real-time
verification of the progress of the project milestones. Owing to these many benefits, the
manufacturers in Korea are increasingly investing in the PDM software; thus, driving the
sales of the software in the region.



The report forecasts the size of the PDM Software Market in Korea over the period 2009-
2013. Further, it discusses the key market trends, drivers and challenges of PDM Software
Market in Korea, and profiles some of the key vendors of this market.




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                                                                PDM Software Market in Korea




2. Market Size and Forecast
According to TechNavio, the PDM Software Market in Korea is forecast to reach $169.8
million in 2013 from $84.2 million in 2009; thus, growing at a CAGR of 19.2 percent over
the period (Exhibit 2.1).


Exhibit 2.1: PDM Software Market in Korea Size and Forecast 2009-2013 (in $million)



               180
                                                                          169.8

               160
                                                              141.5
               140

                                                 118.4
               120
                                     99.5
               100
                         84.2
                 80

                 60

                 40

                 20

                  0
                        2009         2010        2011         2012        2013




                                                                             Source: TechNavio Analysis




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                                                           PDM Software Market in Korea

				
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posted:12/3/2010
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Description: 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 at the right time in the right format during the entire PLC (Product Life Cycle). A PDM system is like an information infrastructure. It supports users in performing their tasks by means of different functional models that it incorporates with other integrated software systems (like CAD, ERP). The functional models of a PDM software include object repository management, object structure management, and object life-cycle management. The main objective of a PDM software is to create a single repository for all the information, regarding a company's products and services, and ensure timely compilation of information and engineering data as it develops. The implementation of a PDM software reduces data errors encountered during the entire manufacturing process. Further, this software offers product data version control facility, which enables the participants across all areas of the manufacturing process to use only the most current documentation. Thus, it ensures that only current versions of design, materials, and production documents are used throughout the process. This further helps in accurately tracking the source of all the parts and components that are used within the process. Thus, a PDM software helps in reducing the errors that occur due to the availability of different version of the design. PDM software in Korea was primarily used in heavy industries, like Automotive, Ship building and Aerospace. However, with developments in the PDM software, different industry segments (such as Discrete Manufacturing; Industrial Machinery and equipment; and Consumer products) are also adopting the PDM solutions. This requires PDM software vendors to customize their products according to the specific needs and requirements of each industry. Thus, the Korean PDM software market is witnessing customize
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