Palm Springs, CA The cPDm market grew 62% in 2000, far outperforming predictions, CIMdata President Ed Miller told attendees at his consulting and research firm's Spring Conference.
CIMdata (Ann Arbor, MI) coined the acronym cPDm (collaborative product definition management) last year to describe deployment of PDM, visualization, web-enabled CAD and PDM collaboration, ERP, and both supply chain and customer management technologies.
Miller attributes the exceptionally strong growth to "widespread adoption of cPDm as a way for companies to operate more effectively in increasingly more competitive global markets." In particular, he singles out the adoption and implementation of e-business strategies across the manufacturing enterprise as "a significant driver."
In 1999, CIMdata clocked cPDm market growth at 26%, anticipating $4.4 billion sales by 2004. But based on last year's performance, the firm now predicts the market will exceed $4 billion in 2001, and will rise at 43% annually through 2005, when it will exceed $13 billion.
Intelligent use of cPDm technologies can save companies millions of dollars in such areas as inventory control; part and design re-use; intellectual property management; collaboration among widely dispersed design, manufacturing, supply, and distribution teams; and much more efficient communication within companies and through their supply chains. Sales outlooks appear bright even in a "down" economy.