CIMdata, Inc., the leading global PLM strategic management consulting and research firm announces the release of the CIMdata Simulation and Analysis (S&A) Market Analysis Report. This report deepens the S&A market analysis conducted as part of the CIMdata 2015 PLM Market Analysis Report Series. The well-known PLM MAR Series provides detailed information and in-depth analysis on the worldwide PLM market during calendar year 2014. It contains analyses of major trends and issues; revenues of leading PLM providers; and revenue analyses for geographical regions, industry sectors, and historical and projected data on market growth. The 2015 S&A MAR is a 56-page report containing over 33 tables and charts of data detailing the worldwide S&A market along a number of dimensions. It also includes an update on CIMdata’s S&A segmentation, a discussion of trends in the S&A industry, and updates on the top S&A solution providers.
Dr. Keith Meintjes, CIMdata’s Practice Manager for Simulation and Analysis stated that: “Simulation and Analysis is increasingly recognized as a business competence, not just a technical competence. S&A capability is at the core of what solution providers are now offering with integrated suites for simulation including optimization, systems engineering, materials, multiphysics, and robust (statistical) design enabling cross-domain collaboration to engineer cyber-physical systems.”
In 2014, S&A revenues grew to over $4.6 billion, an increase of 7.8% over the $4.3 billion in 2013. This growth reflects the increasing importance of S&A as part of product development and the need for companies to deploy better S&A solutions and environments. CIMdata expects that S&A will be one of the more rapidly growing segments within the tools sector of PLM over the next five years, and forecasts that this sector of the market will exceed $6.7 billion in 2019, with a 7.8% CAGR. For 2015, CIMdata forecasts that the S&A sub-sector will grow 7.5% overall and have revenues of $5 billion.
“This segment has been the fastest growing in the PLM market for several years,” Stan Przybylinski, CIMdata’s VP of Research. “The 7.8% growth in 2014 was a solid increase over the year before. CIMdata believes there is still room for growth in this segment as more companies in more industries use S&A solutions early in the lifecycle. As products get more complex, these solutions will be even more important, particularly in today’s world of smart, connected products.”
The 2015 CIMdata S&A Market Analysis Report is available for purchase at: http://www.cimdata.com/en/research/plm-market-analysis-report-series.
