News By Tag
News By Place
CIMdata Announces Successful 2014 North American Market & Industry Forum
Event presents PLM Industry Trends, 2013 Global PLM Market Growth,and Major Research Topics.
CIMdata’s PLM Market & Industry Forums are the world’s premier gathering of software and service providers focused specifically on the PLM market and the issues concerning its development and growth. Participants gathered 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 2013 PLM market results. These included 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 solution providers.
In CIMdata’s 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, but growth was slowed in the 3rd and 4th quarters. There are a number of clear signs that the global PLM market is maturing, but it’s a long way from being mature. Industrial companies’ PLM requirements are evolving, and they are looking for end-to-end business platforms that enable innovation of their products as well as their lifecycle processes.” He added, “It is time to rethink how we develop products. The Circular Economy requires us to rethink our linear approach to the product lifecycle. We are at a crossroads and we need to significantly change our approach or we will never be able to design, deliver, and support fully sustainable products. Business models, positioning, platform strategies, and solution offerings all need to be adjusted to support the Circular Economy.”
In Mr. Bilello’s concluding remarks, he noted that the convergence of multiple economic, technological, and social forces is underway, many of which will significantly impact how we view and support the product lifecycle. Many companies are struggling to understand, leverage, and deal with the cloud, mobile, 3D printing, social networking, big data, innovation management, product and process complexity, and doing more with less.” He went on to say, “We all need to rethink the product lifecycle and how we compete in the brave new world of the Circular Economy.”
Commenting on the PLM market in 2013, Stan Przybylinski, CIMdata’s Vice President of Research, also made note of the PLM slowdown. “Calendar year 2013 was a slow year for PLM. The first half of the year was solid, but growth slowed in the second half. The result was total revenues below our forecast.” Recent statistics compiled by CIMdata show that the PLM market experienced 4.8% growth in 2013 to $35 billion. Mr. Przybylinski added, “Growth moderated in all segments, including simulation and analysis (S&A), which was the fastest growing segment for the last several years.” A wide range of 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. In spite of this down year, companies are still investing for the long term,” noted Mr. Przybylinski.
The Forum agenda included sessions on trends in the market based on CIMdata’s PLM Knowledge Councils—a set of collaborative research panels that bring together leading end user companies and PLM solution providers to help advance the state-of-the-
The PLM Market & Industry Forums provide a 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.
CIMdata, a leading independent worldwide firm, provides strategic management consulting to maximize an enterprise’s ability to design and deliver innovative products and services through the application of Product Lifecycle Management (PLM) solutions. Since its founding in 1983, CIMdata has delivered world-class knowledge, expertise, and best-practice methods on PLM solutions. These solutions incorporate both business processes and a wide-ranging set of PLM-enabling technologies.
CIMdata works with both industrial organizations and providers of technologies and services seeking competitive advantage in the global economy. In addition to consulting, CIMdata conducts research, provides PLM-focused subscription services, and produces several commercial publications. The company also provides industry education through PLM certificate programs, seminars, and conferences worldwide. CIMdata serves clients around the world from offices in North America, Europe, and Asia Pacific. To learn more about CIMdata’s services, visit our website at www.CIMdata.com, follow us on Twitter: http://twitter.com/