Estimates that the Chinese PLM Market Grew 16.9% in 2012
ANN ARBOR, Michigan, 9 July 2013—CIMdata, Inc., the leading global PLM strategic management consulting and research firm announces the availability of its 2013 China Product Lifecycle Management (PLM) Market Analysis Report. This report provides detailed information and in-depth analysis on the People’s Republic of China’s (“China”) rapidly-evolving PLM market. The report discusses the major China PLM trends and issues, PLM purchase investments in software and services, PLM adoption in various industry sectors, and market growth forecasts that pertain to this important and quickly expanding economic region. This report also provides insight into PLM market dynamics within the region and the revenue performance of the leading PLM solution providers operating within it, both China-based and international PLM solution providers based elsewhere. This report is a joint collaborative effort of CIMdata and China-based e-works Manufacturing Information Technology Co., Ltd. (www.eworksglobal.com in English and www.e-works.net.cn in Chinese).
Stan Przybylinski, CIMdata Vice President of Research said, “While the global PLM market slowed in the second half of 2012, China had another strong year, with nearly 17% growth to US$749.2 million, which is just under 5% higher than the growth rate of the global Mainstream PLM market, and in 2013 the growth rate of the Chinese Mainstream PLM market is forecasted to be 16.1%.” Chinese industries that are heavily investing in PLM include aerospace, automotive, high-tech, and mechanical machinery. The following chart illustrates the growth and size of the China PLM market for the past 2 years and projects growth through 2017.
Global PLM solution providers continue to invest in China and are expanding their partner networks and growing their customer bases. The leading international PLM solution providers include Dassault Systèmes, PTC, and Siemens PLM Software, and these three firms accounted for nearly 54% of China-based Mainstream PLM revenues in 2012. “In the last year, local Chinese solution providers have greatly improved their offerings,” stated Peter Bilello, CIMdata President. “We had strong attendance at our second annual China PLM Market & Industry Forum, from both local solution providers and mainstream international providers. Once again, at the China forum, held in Beijing this year, we had the most fervent discussion of systems engineering, a very advanced PLM topic, of any of our four forums around the world. Chinese academic organizations are working with industrial end user companies to make that vision a reality,” he added.
This report reflects the trend that Chinese manufacturers are paying more and more attention to product innovation and are rapidly improving their own R&D capabilities and processes by deploying PLM, not only in traditional discrete industries, but also in life sciences, food & beverage, and several emerging vertical markets.
CIMdata designed this report to be a valuable source of information to support the business and market planning processes of PLM solution providers that are targeting China, as well as industrial companies within China who would like to understand the PLM competitive landscape. Further details about the report including pricing information are available on CIMdata’s website for Publications.
