Cimdata Logo

News

Monday, April 07, 2014

CIMdata Announces Successful 2014 North American Market & Industry Forum and Releases Its 2013 PLM Market Analysis

Event presents PLM Industry Trends, 2013 Global PLM Market Growth, and Major Research Topics

ANN ARBOR, Michigan, 7 April 2014—CIMdata, Inc., the leading global PLM strategic management consulting and research firm announces the successful completion of its 2014 North American PLM Market & Industry Forum—the first in a series of four global events. This forum was held in Ann Arbor, Michigan, USA on 3 April 2014 with 52 PLM industry participants representing 22 leading global PLM solution providers.

CIMdata’s PLM Market & Industry Forums are the world’s premier gathering of software and service providers focused specifically on the PLM market and the issues concerning its development and growth. Participants gathered to hear CIMdata’s perspective on the state and trends of the PLM market, as well as a detailed discussion of CIMdata’s research and viewpoints on 2013 PLM market results. These included CIMdata’s extensive analysis and forecasts regarding market growth across PLM domains, industries, and regions, and the performance (revenue and market share analysis) of leading PLM solution providers.

In CIMdata’s annual “State of PLM: Today’s Market and Leading Trends” address, Peter Bilello, CIMdata’s President, stated that “The global PLM market had a good year, but growth was slowed in the 3rd and 4th quarters. There are a number of clear signs that the global PLM market is maturing, but it’s a long way from being mature. Industrial companies’ PLM requirements are evolving, and they are looking for end-to-end business platforms that enable innovation of their products as well as their lifecycle processes.” He added, “It is time to rethink how we develop products. The Circular Economy requires us to rethink our linear approach to the product lifecycle. We are at a crossroads and we need to significantly change our approach or we will never be able to design, deliver, and support fully sustainable products. Business models, positioning, platform strategies, and solution offerings all need to be adjusted to support the Circular Economy.”

In Mr. Bilello’s concluding remarks, he noted that the convergence of multiple economic, technological, and social forces is underway, many of which will significantly impact how we view and support the product lifecycle. Many companies are struggling to understand, leverage, and deal with the cloud, mobile, 3D printing, social networking, big data, innovation management, product and process complexity, and doing more with less.” He went on to say, “We all need to rethink the product lifecycle and how we compete in the brave new world of the Circular Economy.”

Commenting on the PLM market in 2013, Stan Przybylinski, CIMdata’s Vice President of Research, also made note of the PLM slowdown. “Calendar year 2013 was a slow year for PLM. The first half of the year was solid, but growth slowed in the second half. The result was total revenues below our forecast.” Recent statistics compiled by CIMdata show that the PLM market experienced 4.8% growth in 2013 to $35 billion. Mr. Przybylinski added, “Growth moderated in all segments, including simulation and analysis (S&A), which was the fastest growing segment for the last several years.” A wide range of companies in many industries continued investing in PLM to achieve short-term benefits as well as long-term strategic value throughout the product lifecycle and across their extended enterprises. “CIMdata has long defined PLM as a strategic imperative to achieving long-term strategic value. In spite of this down year, companies are still investing for the long term,” noted Mr. Przybylinski.

The Forum agenda included sessions on trends in the market based on CIMdata’s PLM Knowledge Councils—a set of collaborative research panels that bring together leading end user companies and PLM solution providers to help advance the state-of-the-art and best practices in emerging product lifecycle management disciplines. The overall theme of the event was “Moving Toward a Circular Economy: New Challenges Offer New Opportunities,” as the Ellen MacArthur Foundation describes it, “...an economy in which today’s goods are tomorrow’s resources.” The Circular Economy is where companies focus on reuse, repurpose, remanufacture, reduce, and recycle. Sessions included “System of Systems: Way Beyond the Product,” “Simulation’s Role in the Circular Economy,” “PLM: Well Beyond Just PDM,” “A Weather Update: Cloud Status,” “Update on Mobile Applications in PLM,” and “The Death of the File.” The North American PLM Market & Industry Forum is the first in a global series, with the next session scheduled for 8 April in Frankfurt, Germany. Forum sessions will follow on 11 April in Shanghai, China, and 16 April in Tokyo, Japan.

The PLM Market & Industry Forums provide a first look at CIMdata’s PLM market estimates. The full analysis will be released in the CIMdata PLM Market Analysis Report Series. For more information, please see www.CIMdata.com.

ipad background image

Featured Cimdata Reports

ipadcontent
PLM-Enabled Digital Transformation Benefits Appraisal Guide

The Guide is designed to help potential PLM users evaluate the applicability and payoffs of PLM in their enterprise, and to help existing users of PLM monitor the impact it is having on their product programs.

ipadcontent
PLM Market Analysis Reports

The PLM MAR Series provides detailed information and in-depth analysis on the worldwide PLM market. It contains analyses of major trends and issues, leading PLM providers, revenue analyses for geographical regions and industry sectors, and historical and projected data on market growth.

ipadcontent
PLM Market Analysis Country Reports

These reports offer country-specific analyses of the PLM market. Their focus is on PLM investment and use in industrial markets. Reports cover Brazil, France, Germany, India, Italy, Japan, Russia, South Korea, the United Kingdom, and the United States.

ipadcontent
Simulation & Analysis Market Analysis Report

This report presents CIMdata’s overview of the global simulation and analysis market, one of the fastest growing segments of the overall product lifecycle management market, including profiles of the leading S&A firms.

ipadcontent
CAM Market Analysis Report

This report presents CIMdata’s overview of the worldwide CAM software and services market. It also includes a discussion on the trends in the CAM industry and updates on the top CAM solution providers.