CIMdata Press Release
CIMdata Inc. Announces A Mid-Year Update to Its PLM Industry Forecast “Adjusting the Forecast for the Continuing Impact of the Global Economy”
August 10, 2009
ANN ARBOR, Michigan, August 10, 2009 — CIMdata, Inc., the leading global PLM consulting and research firm, has released an update to its PLM Industry forecast to reflect the continuing impact of the downturn in the global economy. This update reflects additional information and research gathered during the first half of 2009, which indicates that industrial companies are investing less this year than initially forecasted.
In March, based on information and research gathered during 2008, CIMdata forecasted that the Comprehensive PLM market would achieve a 6.3% CAGR over the next five years to reach nearly $36 billion in revenues. Investments in 2009 were forecasted to have a 3.8% growth over 2008 investments. However, the global economic situation has been even more severe than anticipated, and CIMdata has taken the unusual step of providing a mid-year update to its forecast of 2009 PLM investment performance.
CIMdata expects the PLM market to stabilize during 2009 and early 2010 and return to growth during the last half of 2010. CIMdata is now forecasting that Comprehensive PLM investments in 2009 will decline 2.1% (from 2008 results) and the five year CAGR will be 3.5%—with investments growing to just under $31 billion in 2013. Mainstream PLM investments are now forecasted to decline 1.6% in 2009 and then achieve a CAGR of 3.5% over the 5-year forecast period to reach just under $20 billion in 2013.
A full description of CIMdata’s PLM market growth forecasts can be found in the CIMdata-authored report “PLM Market Growth in 2008—Mid-Year Look in 2009,” which is available for free download from CIMdata’s website.