CIMdata Publishes China PLM Market Report
Annual Report Focuses on 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 2020, with forecasts from 2021 through 2025. 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 pertaining 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/
Stan Przybylinski, CIMdata Vice President, said, "In CIMdata's measurement, the global PLM market grew 3.8% in 2020, well above our forecast for this COVID-19 impacted year. China's mainstream PLM was up 9.3% over 2019, another very strong year. The comprehensive PLM market, which aligns with CIMdata's global PLM market definition, grew 9.4% in 2020." 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, are all showing continued growth in China, but local firms are also growing. "Local Chinese solution providers are starting to gain real market share," stated Peter Bilello, CIMdata's President & CEO. "We had strong attendance at our annual China PLM Market & Industry Forum, held virtually this year. 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.
CIMdata designed this report 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. The 2021 CIMdata China PLM Market Analysis Report is available for purchase at: http://www.cimdata.com/