CIMdata PLM Industry Summary Online Archive
29 April 2009
CIMdata News
CIMdata Successfully Concludes its 2009 Vendor Forum Program Events and Releases 2008 PLM Market Statistics
CIMdata, the leading global Product Lifecycle Management (PLM) consulting and research firm, has successfully concluded its 2009 PLM Vendor Forum series. These international one-day events were held in Ann Arbor, Michigan, USA on March 25th, in Stuttgart, Germany on April 2nd, and in Tokyo, Japan on April 8th, 2009.
The series is the world’s premier gathering of technology and service suppliers focused specifically on the PLM market and issues concerning its development and growth. Participants gathered to hear CIMdata’s perspective on the state and trends of the current and future PLM market, as well detailed discussion of CIMdata’s research and perspective on 2008 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. A CIMdata 2008 PLM Market Briefing with detailed analysis, industry statistics, and comparative charts is available for download.
Commenting on the PLM market in 2008, Mr. Ken Amann, CIMdata Director of Research, said, “Even in the face of an economic slump, financial uncertainty and a harsh business climate, PLM investments continued to grow in 2008.” Recent statistics compiled by CIMdata show the Comprehensive PLM market experienced an 8% growth in 2008 with all sectors showing increases. Mr. Amann added, “Surprisingly, these increases fell only slightly short of earlier expectations, primarily because of a robust start for PLM investments in the first half of the year. Only in the last quarter did the market slow appreciably, which will undoubtedly continue in 2009 until the economy turns around.” Nevertheless, a wide range of companies are investing in PLM to achieve short-term benefits as well as long-term strategic value throughout the product lifecycle and across their extended enterprise. “Indeed, PLM may be one of the major deciding factors in determining which companies are able to weather the current economic storm and be in the best competitive position when global markets rebound.” noted Mr. Amann.
In addition, CIMdata provided the participants with practical insights and approaches that they can use to navigate the PLM market during these current uncertain economic times.
About PLM
CIMdata defines PLM as a strategic business approach that applies a consistent set of business solutions in support of the collaborative creation, management, dissemination, and use of product definition information across the extended enterprise from concept to end of life—integrating people, processes, business systems, and information. PLM forms the product information
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