Presents PLM Trends, 2012 Global PLM Market Growth & Major Research Topics
ANN ARBOR, Michigan and WEERT, The Netherlands, 19 April 2013—CIMdata, Inc., the leading global Product Lifecycle Management (PLM) management consulting and research firm announces the successful completion of its 2013 European PLM Market & Industry Forum—the second in a series of four global events. This forum was held in Bad Homburg, Germany on 16 April 2013 with 37 PLM industry participants representing 24 leading PLM solution providers.
CIMdata's PLM Market & Industry Forums are the world’s premier gatherings of technology 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 the 2012 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 “While the PLM market continued to grow last year, the third and fourth quarters proved to be sluggish for many PLM solution providers. The ‘New Normal’ in the business environment, which requires companies of all shapes, sizes and industries to do more with less, continues to drive industrial companies to pursue and implement PLM strategies.” He added, “The new social-savvy workforce and the manner in which they expect to communicate and collaborate is changing the way companies execute projects. In many ways, product development as we have known it is dying. To support this significant movement, CIMdata has formed a Social Product Development & Collaboration PLM Knowledge Council to research topics of importance to both industrial companies and solution providers.”
Gerard Litjens, CIMdata Director of European Operations added that “This year’s forum was a great success. As in the past, senior executives of leading PLM solution and service providers attested to the relevance of the forum by fitting this day into their already busy diaries. It was great to witness a heightened level of interaction and value as the audience was very engaged in the topics and the content of the forum, asking relevant questions and participating in timely and interesting discussions.”
In Mr. Bilello’s concluding remarks, he commented that significant opportunity still exists in emerging markets and industries, as well as mature ones. He went on to say, “As the market moves forward, the challenge will be how to best enable the new social ways of working. This is a challenge for PLM solution providers as well as industrial organizations.”
Commenting on the PLM market in 2012, Stan Przybylinski, CIMdata’s Vice President of Research, said, “The year started out looking to be just as strong in 2012 as it was in 2011, but slowed in the second half, resulting in total revenues below our forecast.” Recent statistics compiled by CIMdata show that the Comprehensive PLM market experienced 11.3% growth in 2012 to $33.3 billion. Mr. Przybylinski added, “Growth moderated in some segments, like mechanical computer-aided design (MCAD), while simulation & analysis (S&A) continued its rapid expansion.” 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, and this year’s market statistics and our other market research with end user companies still supports that view,” noted Mr. Przybylinski.
In addition, the agenda included sessions on trends in the market addressed by 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. These sessions included “Cross-Disciplinary Collaboration,” “Democratizing Simulation to Improve Decision Making,” “Changing Decision-Making Dynamics in CAD,” “Big Data and PLM,” “Visual Decision Making,” and “Mobile Applications in PLM.” The European PLM Market & Industry Forum is the second in a global series, with the next session scheduled for 19 April 2013 in Beijing, China. The forum series will conclude on 24 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.
You can read tweets from the event at #PLM4um.
CIMdata’s 2013 PLM Road Map conference in conjunction with PI Congress will take place on 9 and 10 October at the Hilton Chicago Indian Lakes Resort.
