Plano, Texas—June 13, 2014—Siemens was recognized by the product lifecycle management (PLM) management consulting and research firm, CIMdata Inc., as the market presence leader in the collaborative product definition management (cPDm) market segment for the 13th year in a row, and in the digital manufacturing market segment for the ninth year in a row. Additionally, as a result of its expanding family of software for simulation and analysis (S&A)—including the acquisition of LMS—Siemens improved its market leadership position to fourth in the S&A ranking, up six positions from the 2013 report. CIMdata’s findings are based on in-depth data and analysis of the global PLM market, and were announced earlier this month.
Siemens' PLM software business unit addresses CIMdata’s cPDm category with its Teamcenter portfolio, widely used digital lifecycle management software, while its Tecnomatix portfolio is widely used software in the digital manufacturing market segment. The S&A market segment is addressed by Siemens with a portfolio of computer-aided engineering analysis (CAE) offerings including the CAE modules of NX software, NX Nastran software, Femap software and the LMS solutions portfolio, which incorporates model-based mechatronic simulation, a broad CAE simulation offering and advanced testing solutions in the product development process
Over the next five years, CIMdata forecasts the comprehensive cPDm market segment will experience a compound annual growth rate (CAGR) of 5.2 percent, resulting in a projected market size of approximately $6.2 billion by 2018, based on total software and services investments. CIMdata also expects digital manufacturing growth will continue with a projected five-year CAGR of 4.1 percent, while the S&A segment is estimated to see strong and steady growth with a five-year CAGR of nearly 8 percent. Overall, mainstream PLM is expected to continue to grow as a key enterprise investment, with CIMdata reporting a forecasted five-year CAGR of over 4.8 percent.