CIMdata Publishes China PLM Market Report
The report focuses on the overall PLM market results in China.
This 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 2019. 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. The report 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. It reports on revenues attributable to various PLM solution providers in the Chinese market. This report is a joint collaborative effort of CIMdata and China-based e-works Research (http://www.eworksglobal.com/
The CIMdata China PLM Market Analysis Report contains two parts:
• "Part 1: Non-Restricted PLM Data for China" focuses on the Chinese economy and the overall PLM market, including some qualitative information about leading PLM solution and service providers in China.
• "Part 2: Restricted PLM Data for China" focuses on the results of the leading providers in the overall PLM market in China and selected segments and industries.
• Notice of restriction on republication:
All information contained in the China PLM Market Analysis Report uses CIMdata's estimates.
Stan Przybylinski, CIMdata Vice President, said, "In CIMdata's measurement, the global PLM market grew 7.7% in 2019, just below our forecast. China saw 12.5% growth, another very strong year." Chinese industries that are heavily investing in PLM include aerospace, automotive, high-tech electronics, and mechanical machinery.
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 Digital Industries Software continue to grow in China, but local firms are growing and evolving as well. "Over the last several years, Chinese solution providers have gained reasonable market share," stated Peter Bilello, CIMdata's President & CEO. "It continues to be exciting to watch the Chinese PLM market expand and adjust to the needs of China-based companies. It is clear that Chinese companies see the need to develop smart, connected products and are very interested in systems engineering. The China-based PLM solution providers are closer to their local market and are expanding their offerings into new segments, a good sign for the future growth 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 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.
Further details are available at https://www.cimdata.com/