Event presents PLM Industry Trends, 2014 Global PLM Market Growth, and Major Research Topics
ANN ARBOR, Michigan, 8 April 2015—CIMdata, Inc., the leading global PLM strategic management consulting and research firm announces the successful completion of its 2015 North American PLM Market & Industry Forum—the first in a series of five global events. This year’s North American Forum was held in Ann Arbor, Michigan on 31 March 2015. There were 49 PLM industry participants representing 23 leading global PLM software and service providers.
CIMdata’s PLM Market & Industry Forums represent the world’s premier event for software and service providers focused specifically on the PLM market and the issues concerning its development and growth. Participants gathered in Ann Arbor, Michigan 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 2014 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 was shared.
The overall theme of the event was “Platforms for Innovation: PLM’s Next Evolutionary Step.” PLM is fast approaching the status of a business platform. PLM-as-a-platform, or the platformization of PLM, has evolved out of the need for innovation throughout the entire product lifecycle. Innovation is more than ever key to enterprise sustainability; solution providers are building their PLM-platform business models around that insight.
In the annual “State of PLM: Today’s Market and Leading Trends” address, Peter Bilello, CIMdata’s President, stated that, “The global PLM market had a good year, despite slower growth in Q1 and Q2, which was contrary to what we saw in 2012 and 2013.” When commenting on the trends in the industry he added, “It’s been a year since the concept of PLM-platformization was introduced. During that time it has become increasingly clear that PLM software and service providers who wish to compete at the enterprise business platform level must rethink their solution set strategy and reassess how they identify, assess, and assimilate their third-party partnerships.”
The agenda included sessions covering emerging trends in the market. The topics covered were based on the findings and activities of CIMdata’s PLM Knowledge Councils—a set of collaborative research communities that bring together leading end user companies and PLM software and service providers to help advance the state-of-the-art and best practices in emerging product lifecycle management disciplines.
Sessions included “Collaborative Innovation: A New Platform for Growth,” “Beyond Concept Modeling,” “The Platformization of PLM,” “Defining Strategies for Global Collaboration,” “Issues and Remedies for PLM Obsolescence,” and “The Internet of (Smart) Things.”
Commenting on the PLM market in 2014, Stan Przybylinski, CIMdata’s Vice President of Research, said “Calendar year 2014 was a solid year for PLM. The result was total revenues above our forecast.” Recent statistics compiled by CIMdata show that the PLM market experienced 6.8% growth in calendar year 2014 to $37.2 billion. Mr. Przybylinski added, “There was growth in all segments, and simulation and analysis (S&A) continued its strong showing of the last few years.” 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.” noted Mr. Przybylinski.
The North American PLM Market & Industry Forum is the first in a global series, with the next session scheduled for 9 April in Amsterdam, The Netherlands. Additional Forum sessions take place on 13 April in Pune, India, 17 April in Beijing, China, and 22 April in Tokyo, Japan.
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.
