Ann Arbor, Mich.—June 20, 2014—CIMdata, Inc., a global product lifecycle management (PLM) strategic management consulting and research firm, announced the release of the CIMdata 2014 China PLM Market Analysis Report. This report provides detailed information and in-depth analysis on the People’s Republic of China’s rapidly evolving PLM market.
The report discusses the major PLM trends and issues, PLM purchase investments in software and services, PLM adoption in various industry sectors, and market growth forecasts that pertain to China, an important and quickly expanding economic region. This report also provides insight into PLM market dynamics within the region and the revenue performance of the leading PLM solution providers operating within it, both China-based and international PLM solution providers headquartered elsewhere. This report is a collaborative effort of CIMdata and China-based e-works Manufacturing Information Technology Co., Ltd.
Stan Przybylinski, CIMdata’s vice president of research, said, “While the global PLM market slowed in the second half of 2013, China had another strong year, with nearly 13 percent growth to US$845 million, and in 2014, the growth rate of the Chinese mainstream PLM market is forecasted to be 14.2 percent.” Chinese industries that are heavily investing in PLM include aerospace, automotive, high-tech and mechanical machinery.
China PLM Market Size and Growth Rates
Global PLM solution providers continue to invest in China, and are expanding their partner networks and growing their customer bases. International PLM solution providers include Dassault Systèmes, PTC and Siemens PLM Software, and these three firms accounted for nearly 38 percent of China-based mainstream PLM revenues in 2013, down from 54 percent in 2012. “Local Chinese solution providers continue to improve their offerings,” stated Peter Bilello, CIMdata’s president. “We had strong attendance at our third annual China PLM Market & Industry Forum from both local solution providers and mainstream international providers. These local competitors are taking share away from the global leaders in China, a good sign for the vitality of the Chinese PLM market,” he added.
This report reflects the trend that Chinese manufacturers are paying more attention to product innovation, and are rapidly improving their own research and development capabilities and processes by deploying PLM, not only in traditional discrete industries, but also in life sciences, food and beverage, and several emerging vertical markets.
CIMdata designed this report to be a valuable source of information to support the business and market planning processes of PLM solution providers that are targeting China, as well as industrial companies within China who would like to understand the PLM competitive landscape.