The S&A market grew by 9.1% to nearly $5.3 billion in 2016.
ANN ARBOR, Michigan, 13 June 2017—CIMdata, Inc., the leading global PLM strategic management consulting and research firm, announces the release of the CIMdata Simulation and Analysis (S&A) Market Analysis Report. This report deepens the S&A market analysis conducted as part of the CIMdata 2017 PLM Market Analysis Report Series. The well-known PLM MAR Series provides detailed information and in-depth analysis on the worldwide PLM market during calendar year 2016. It contains analyses of major trends and issues; revenues of leading PLM providers; and revenue analyses for geographical regions, industry sectors, and historical and projected data on market growth. The 2017 S&A MAR is an 80+-page report containing over 35 tables and charts of data detailing the worldwide S&A market along a number of dimensions. It also includes an update on CIMdata’s S&A segmentation, a discussion of trends in the S&A industry, and updates on the top S&A solution providers.
According to Mr. Don Tolle, CIMdata’s Practice Manager for Simulation-Driven Systems Development, “Systems-level behavior modeling, simulation, and analysis are increasingly recognized as must-have core competencies to enable the digitalization of product development, manufacturing and in-service lifecycle operations. Products are increasingly complex due to the high degree of electronics and software content in today’s cyber-physical systems. New capabilities, such as 3D printing or additive manufacturing, are having a major impact on product design and manufacturing by requiring innovative new processes such as generative design. The emergence of physics-based digital twins and data analytics promise to provide unprecedented real-time product performance knowledge to end users as well as design engineers.
“To meet these industry challenges, there is a strong industry focus on creating collaborative product innovation platforms that enable cross-domain systems engineering (including mechanical, electronics, software, controls, chemical, materials, etc.) throughout the product development lifecycle. The major software providers are investing heavily in R&D to create these new S&A capabilities as well as adding new leading-edge technologies by acquiring or partnering with innovative software providers.
“Looking forward, democratization of collaborative model-based engineering approaches based on open platforms and data interoperability standards will allow a true systems engineering approach from product ideation through detailed development, verification and validation, manufacturing, in-service operations and ultimately support for reuse, recycling, and end of life. In that context, CIMdata believes that while great progress is being made today by industry, we are still relatively early in the journey towards achieving the widely forecasted business benefits of digitalization in the product development domain.”
As shown in the following chart, in 2016 S&A revenues grew to just under $5.3 billion, an increase of 9.1% over the $4.8 billion in 2016. According to Mr. Stan Przybylinski, CIMdata’s VP of Research, “S&A is increasingly moving “up front” in the product development process (i.e., to the “left” side of the Systems Engineering Vee), helping companies evaluate multiple design concepts and optimize performance before committing to the final hardware and software design. CIMdata expects that S&A will be one of the more rapidly growing segments within the tools sector of PLM over the next five years, and forecasts that this market sector will exceed $7.8 billion in 2021, with an 8.1% CAGR. For 2017, CIMdata forecasts that the S&A sub-sector will grow 7.8% overall and have revenues of nearly $5.7 billion.”
The 2017 CIMdata S&A Market Analysis Report is available for purchase at: http://www.cimdata.com/en/research/plm-market-analysis-report-series.
