Estimates that the Chinese PLM Market Grew 11.8% in 2014
ANN ARBOR, Michigan, 10 September 2015—CIMdata, Inc., the leading global PLM strategic management consulting and research firm announces the release of the CIMdata 2015 China 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 for calendar year 2014. The report discusses the major PLM trends and issues, PLM purchase investments in software and services, PLM adoption in various industry sectors, and market growth forecasts that pertain to China; an 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 headquartered elsewhere. This report is a joint collaborative effort of CIMdata and China-based e-works Research (http://www.eworksglobal.com/ in English and http://www.e-works.net.cn in Chinese).
Stan Przybylinski, CIMdata Vice President of Research said, “While the global PLM market had strong growth in 2014, China surpassed that with nearly 12% growth to US$944 million, and in 2015 the growth rate of the Chinese Mainstream PLM market is forecasted to be 14.3%.” 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 2019.
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 are all showing continued growth in China, but local firms are growing as well. “Local Chinese solution providers are starting to gain real market share,” stated Peter Bilello, CIMdata President. “We had strong attendance at our fourth annual China PLM Market & Industry Forum from both local solution providers and mainstream international providers. These local competitors are closer to their local market and are expanding their offerings into new segments, a good sign for the vitality of the Chinese PLM market,” 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 at http://www.cimdata.com/publications/reports_purchase.html
