According to the 2022-2023 State of Product Development and Hardware Design reportnearly 8 out of 10 engineering and manufacturing professionals expect their company to grow in the next year despite uncertainties in the global economy.
This finding is statistically consistent across industries, with the highest growth expectations coming from Medical, High Tech, Aerospace, and Robotics – all sectors that are early adopters of new technologies.
Despite feeling optimistic about the future, SOPD survey respondents stated that they do see potential roadblocks. The four biggest barriers to company growth they identified are:
- Lack of Staff
- Manufacturing Challenges
- Lack of Budget or Resources
- Inefficient Processes
Let’s explore how Onshape – the only cloud-native CAD platform with built-in PDM and real-time collaboration tools – proactively addresses these problems.