This annual event presents PLM industry trends, global PLM market growth, and major research topics.
ANN ARBOR, Michigan, USA 20 April 2023—CIMdata, Inc., the leading global PLM strategic management consulting and research firm, announces the successful completion of its 2023 PLM Market & Industry Forum. For 2023 the Forums were held as in-person events in the North America and EMEA regions and virtually in India, China, and Japan.
CIMdata's PLM Market & Industry Forums are the world's premier event for software and service providers focused on the PLM market and 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 2022 PLM market results. CIMdata shared its extensive analysis and forecasts regarding market growth across PLM domains, industries, regions, and the performance (revenue and market share analysis) of leading PLM software and service providers. The theme for 2023 was "The Digital Thread: Powering Business Transformation."
In addition to a review of the state of the industry, trends, and market numbers, the program included presentations on:
- The Promise of Digital Thread
- The Digital Thread: The Industrial Perspective
- The Digital Thread: The PLM Economy Perspective
- The Green Energy Transition
- Data Governance in the Era of the Digital Thread
During the event, CIMdata announced Aras, Autodesk, Dassault Systèmes, IBM, Oracle, PTC, SAP, and Siemens Digital Industries Software as CIMdata PLM Mindshare Leaders for 2023.
Commenting on the PLM market, Stan Przybylinski, CIMdata's Vice President, stated, "The PLM market, as estimated by CIMdata, grew by 8.6% in the calendar year 2022, below our forecast. The results were solid, with growth in all PLM segments. The EDA segment had strong growth overall, but segment growth was lower than that of the two largest competitors, Cadence and Synopsys. Computer-aided manufacturing (CAM) had a good year, up 8.1%. The Architecture, Engineering, and Construction (AEC) segment grew more slowly, mainly due to the exchange rate between the US dollar, the Euro, and the British Pound. Simulation and analysis (S&A) also had another solid year."
He added, "Some economic headwinds will impact the market in 2023. But the growth drivers for the PLM Economy, Industry 4.0, smart connected products, IoT, and digital transformation, remain strong. Finally, based on other CIMdata research, we seem to have reached a tipping point toward PLM on the cloud."
The PLM Market & Industry Forums provide the PLM Economy with the first look at CIMdata's PLM market estimates. CIMdata releases the complete analysis in its PLM Market Analysis Report Series. For more information, please see www.CIMdata.com.
