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