Product Data Management (PDM) Statistics 2023
– Everything You Need to Know

Last Updated on by | Reviewed by Editorial Staff

Product Data Management (Pdm) Statistics 2023: Facts about Product Data Management (Pdm) outlines the context of what’s happening in the tech world.

LLCBuddy editorial team did hours of research, collected all important statistics on Product Data Management (Pdm), and shared those on this page. Our editorial team proofread these to make the data as accurate as possible. We believe you don’t need to check any other resources on the web for the same. You should get everything here only 🙂

Are you planning to form an LLC? Maybe for educational purposes, business research, or personal curiosity, whatever the reason is – it’s always a good idea to gather more information about tech topics like this.

How much of an impact will Product Data Management (Pdm) Statistics have on your day-to-day? or the day-to-day of your LLC Business? How much does it matter directly or indirectly? You should get answers to all your questions here.

Please read the page carefully and don’t miss any words.

Top Product Data Management (Pdm) Statistics 2023

☰ Use “CTRL+F” to quickly find statistics. There are total 16 Product Data Management (Pdm) Statistics on this page 🙂

Product Data Management (Pdm) “Latest” Statistics

  • Organizations without a product data management system report spending 25% more time on unproductive data management chores since it is so crucial.[1]
  • According to FLXPoint, complex product information increases Amazon conversions by 3-10%.[1]
  • A majority of businesses—about two thirds—regularly fail design deadlines, project program budgets, and time to market objectives by more than 5%.[2]
  • The most common impact of data management challenges is ”wasted time and effort.” In fact, the survey shows that companies waste an average of 20.3% of their technical resources’ time on nonproductive data management tasks.[2]
  • One study reveals that 24% of those without PDM do not comprehend its advantages.[3]
  • According to the study’s findings, just 8% of businesses claim they don’t utilize PDM because they have no issues with data management.[3]
  • Just 8% of manufacturers without PDM say that they don’t have management issues.[3]
  • Total spending on PLM software and services was estimated in 2006 to be above $30 billion a year.[3]
  • According to the company’s 2002 financial results, Dassault Systèmes’ overall PDM revenue rose 33% in the fourth quarter to €30.9 million, up from €23.3 million during the same period a year ago.[4]
  • PDM revenue, on a stand-alone basis, increased 25% to €82.7 million, up from €65.9 million in 2001.[4]
  • Dassault Systèmes and its partner IBM had a solid year in PLM by achieving industry-leading growth of over 25% in collaborative Product Definition management (cPDm) new license sales, despite the continued global slowdown in investments throughout 2002.[4]
  • World class manufacturers are 30% more likely to manage their design data using PDM or product lifecycle management (PLM), according to a Techclarity survey.[5]
  • 57% of businesses have trouble handling releases and changes.[6]
  • More than 40% of all companies report an issue with collaboration, according to Quadra Solutions.[6]
  • Nearly 1 in 3 companies say they have worked on wrong or outdated data.[6]
  • According to IDC, 65% of global manufacturers will have achieved operational expenditure reductions of 10% by 2023, thanks to process digital twins powered by IoT and machine learning.[7]

Also Read

Reference

  1. flxpoint – https://flxpoint.com/blog/product-data-management/
  2. tech-clarity – https://tech-clarity.com/extended-pdm/8155
  3. webinarcare – https://webinarcare.com/best-product-data-management-software/product-data-management-statistics/
  4. 3ds – https://www.3ds.com/newsroom/press-releases/dassault-systemes-fastest-growing-company-product-data-management-according-cimdata
  5. autodesk – https://www.autodesk.com/solutions/pdm-product-data-management
  6. quadrasol – https://www.quadrasol.co.uk/services/vault-pdm/
  7. sap – https://www.sap.com/insights/what-is-product-lifecycle-management.html

About Author & Editorial Staff

Steve Goldstein, founder of LLCBuddy, is a specialist in corporate formations, dedicated to guiding entrepreneurs and small business owners through the LLC process. LLCBuddy provides a wealth of streamlined resources such as guides, articles, and FAQs, making LLC establishment seamless. The diligent editorial staff makes sure content is accurate, up-to-date information on topics like state-specific requirements, registered agents, and compliance. Steve's enthusiasm for entrepreneurship makes LLCBuddy an essential and trustworthy resource for launching and running an LLC.

Leave a Comment