Event presents PLM Industry Trends, 2015 Global PLM Market Growth, and Major Research Topics
ANN ARBOR, Michigan, 5 April 2016—CIMdata, Inc., the leading global PLM strategic management consulting and research firm announces the successful completion of its 2016 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 2016. There were 58 PLM industry participants, representing 22 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 2015 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 the event was “It’s a Material(s) World: This Changes Everything.”
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.
In the annual “State of PLM: Today’s Market and Leading Trends” address, Peter Bilello, CIMdata’s President, stated that, “The global PLM economy is robust, with significant expansions, shifts, and repositioning taking place. Changes in software subscription models, the use of the cloud, the evolution of PLM-related services, and turbulence in specific global financial markets all had an impact on the state of the industry over the last year.” He added, “PLM solutions and industry’s use of these solutions are maturing, which is forcing CIMdata to change how it views and describes the capabilities that are needed to enable a PLM environment. Of critical importance is the momentum in which PLM is transforming into a Product Innovation Platform. With this in mind we, as an industry, need to continually rethink PLM and how we enable our clients to design, deliver, and support innovative products and/or services.”
Commenting on the PLM market in 2015, Mr. Stan Przybylinski, CIMdata’s Vice President of Research, said, “Calendar year 2015 was a strong year for PLM, but also a very strong year for the US dollar. Since we publish our numbers in US$, the weakness of major currencies in areas that spend heavily on PLM dragged down CIMdata’s reported results.” Recent statistics compiled by CIMdata show that the PLM market experienced a 2.8% growth in calendar year 2015 to US$38.7 billion. Mr. Przybylinski added, “If we look at revenues in constant currencies, growth would have been a more robust 8.2% to US$40.7 billion. In this view, there was growth in almost all segments, with digital manufacturing and simulation and analysis (S&A) leading the way.” “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 7 April in Amsterdam, The Netherlands. Additional Forum sessions take place on 11 April in Pune, India, 15 April in Shanghai, China, and 21 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.
