May 11, 2011 - CIMdata says, “While the global PLM market returned to growth in 2010, the Chinese PLM market came back even stronger. In 2010, the Chinese Mainstream PLM market grew 16.2%, and in 2011 the growth rate of the Chinese Mainstream PLM market is forecasted to be 16.5%.” Chinese industries that are heavily investing in PLM include aerospace, automotive, high-tech, and mechanical machinery.
Global PLM solution suppliers continue to invest in China and are expanding their partner networks and growing their customer bases. The leading international PLM suppliers include Dassault Systèmes, PTC, and Siemens PLM Software, and these three firms accounted for just over 51% of mainstream PLM revenues in China during 2010. This shows just how strong China-based PLM suppliers have become. “Just as in other industries, local firms are growing and developing solutions tailored to China. While at an early stage, the potential of these firms should not be underestimated,” stated Peter Bilello, CIMdata President.
“The future looks bright for PLM in China. The major global PLM solution suppliers improve their execution in China over the next several years. Also, the China-based PLM solution suppliers will further enhance market growth. The China-based PLM suppliers are adding solutions and consulting capabilities that should allow them to continue their rapid expansion,” he added. CIMdata designed this report to be a valuable source of information to support business and market planning by PLM solution suppliers that are targeting China, as well as industrial companies within China who would like to understand the PLM competitive landscape.
Further details including pricing information about the report are available on CIMdata’s website for publications.
About PLM
CIMdata defines PLM as a strategic business approach that applies a consistent set of business solutions in support of the collaborative creation, management, dissemination, and use of product definition information across the extended enterprise from concept to end of life—integrating people, processes, business systems, and information. PLM forms the product information backbone for a company and its extended enterprise.
About CIMdata
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.
