The event presents PLM industry trends, 2019 global PLM market growth, and major research topics.
ANN ARBOR, Michigan, USA, 15 April 2020—CIMdata, Inc., the leading global PLM strategic management consulting and research firm, announces the successful completion of its 2020 PLM Market & Industry Forum—a series of five global events. For 2020 the Forums were held in March and April as a series of virtual sessions. Over 430 people registered, representing 120 companies. Virtual sessions were held for the PLM community in North America, EMEA, India, China, and Japan.
CIMdata's PLM Market & Industry Forums represent the world's premier event for software and service providers focused on the PLM market and the issues concerning its development and growth. Participants gathered on-line 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 2019 PLM market results. 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 software and service providers were shared. The theme for 2020 was "Products, Smartly Connected."
In addition to the state of the industry, trends, and the market numbers, the program included presentations on:
- Synching Siloed Development
- xBOM Management Across the Lifecycle
- Closed-Loop Product Development
- Multiple View Bill of Materials Solution Evaluation Benchmarks
- Agile Methodologies & PLM
- Closing the Smart, Connected Lifecycle Loop with IoT
Commenting on the PLM market, Stan Przybylinski, CIMdata's Vice President, stated that, "The PLM market, as measured by CIMdata, grew by 7.6% in the calendar year 2019, slightly below our forecast of 8.9%. Growth was experienced in all of the segments reviewed by CIMdata. Autodesk's significant year-on-year revenue increase due to their license model transition drove well-above-average growth in the architecture, engineering, and construction (AEC) segments. Computer-aided manufacturing (CAM), which most years grows in the 5-7% range, came in at 4.5%. Simulation & Analysis had another solid year, with 9.5% growth for the year. Smart connected products and the move to address Industry 4.0 drove above-forecasted growth in the software development tools at 11.2%. Digital transformation is closely related to Industry 4.0 and is spreading across multiple industries. The Digital Manufacturing segment had another strong year, with growth estimated at 8.6%." He added, "While we think that the growth drivers for the PLM Economy suggest the market has room to run, the COVID-19 pandemic has put the global economy in a deep freeze. CIMdata reduced our forecast for 2020 and the succeeding years for the Forum series. Still, the situation is fluid, and CIMdata will be revisiting these low growth estimates in the coming week. On the plus side, CIMdata believes that the on-going COVID-19 pandemic will drive future investments in smart manufacturing to make onshoring more economically viable. The crisis has also forced increased reliance on virtual collaboration, another trend that can have positive impacts in the PLM market."
The PLM Market & Industry Forums provide the 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.
