CIMdata PLM Industry Summary Online Archive
11 August 2009
CIMdata News
CIMdata Inc. Announces A Mid-Year Update to Its PLM Industry Forecast
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 at http://www.cimdata.com/publications/reports_complimentary/white_papers.html.
About CIMdata
CIMdata, a leading independent worldwide firm, provides strategic consulting to maximize an enterprise’s ability to design and deliver innovative products and services through the application of Product Lifecycle Management (PLM) solutions. Since its founding more than 25 years ago, CIMdata has delivered world-class knowledge, expertise, and best-practice methods on PLM solutions. These solutions incorporate both business processes and a wide-ranging set of PLM enabling technologies.
CIMdata works with both industrial organizations and suppliers of technologies and services seeking competitive advantage in the global economy. In addition to consulting, CIMdata conducts research, provides PLM-focused subscription services, and produces several commercial publications. The company also provides industry education through PLM certificate programs, seminars, and conferences worldwide. CIMdata serves clients around the world from offices in North America, Europe, and Asia Pacific. To learn more about CIMdata’s services, visit our website at www.CIMdata.com or contact CIMdata at: 3909 Research Park Drive, Ann Arbor, MI 48108, USA. Tel: +1 (734) 668-9922. Fax: +1 (734) 668-1957; or at Siriusdreef 17-27, 2132 WT Hoofddorp, The Netherlands. Tel: +31 (0)23 568-9385. Fax: +31 (0)23 568-9111.
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