CIMdata Publishes China PLM Market Report
Public Volume Focuses on Overall Product Lifecycle Management Market Results
This two-volume report provides detailed information and in-depth analysis on the People's Republic of China's ("China") rapidly-evolving PLM market for the calendar year 2017. The public and private reports discuss 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. The private volume 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. The private volume reports on revenues attributable to various PLM solution providers in the Chinese market. These reports are a joint collaborative effort of CIMdata and China-based e-works Research (http://www.eworksglobal.com/
The CIMdata China PLM Market Analysis Report is delivered in two parts:
• The "China PLM Market Analysis Report Private Data" volume focuses on the results of the leading providers in the overall PLM market in China and in selected segments and industries. All information contained in the China report are CIMdata's estimates.
• The "China PLM Market Analysis Report Public Data" volume focuses on the Chinese economy and the overall PLM market, including some qualitative information about leading PLM solution and service providers in China. It is this public report that is being published today.
Stan Przybylinski, CIMdata Vice President said, "In CIMdata's measurement the global PLM market grew 7.6% in 2017, but China saw 12.9% growth. In 2017 the growth rate of the Chinese Mainstream PLM market is forecasted to be 13.8%." Chinese industries that are heavily investing in PLM include aerospace, automotive, high-tech electronics, 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 2022.
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 including 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's President. "We had strong attendance at our seventh annual China PLM Market & Industry Forum. Chinese companies see the need to develop smart, connected products and are very interested in systems engineering. These Chinese 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 these reports 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 reports including pricing information are available on CIMdata's website for publications.
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/