CIMdata releases 2015 Simulation & Analysis Market Report | Automation.com

CIMdata releases 2015 Simulation & Analysis Market Report

CIMdata releases 2015 Simulation & Analysis Market Report

June 15, 2016 - CIMdata, Inc., a global PLM strategic management consulting and research firm, announces the release of the CIMdata Simulation and Analysis (S&A) Market Analysis Report. This report deepens the S&A market analysis conducted as part of the CIMdata 2015 PLM Market Analysis Report Series. The PLM MAR Series provides detailed information and in-depth analysis on the worldwide PLM market during calendar year 2015. It contains analyses of major trends and issues; revenues of leading PLM providers; and revenue analyses for geographical regions, industry sectors, and historical and projected data on market growth. The 2016 S&A MAR is a 70+-page report containing 30 tables and charts of data detailing the worldwide S&A market along a number of dimensions. It also includes an update on CIMdata's S&A segmentation, a discussion of trends in the S&A industry, and updates on the top S&A solution providers.

According to Frank Popielas, CIMdata's Practice Manager for Simulation and Analysis, "Simulation and analysis is increasingly recognized as a 'must' core business competence. S&A capabilities are part of all major solution providers' offerings for the engineering domain. The major providers are adding new leading-edge technologies by acquiring or partnering with smaller software providers and working to merge their offerings into innovation platforms that will seamlessly integrate and enable S&A deployment in different industries while allowing democratization of these solutions across engineering areas. Some are already offering lower fidelity analysis to provide real-time feedback to engineers. Taken together, these changes will allow long-term, a true system engineering approach using digital tools from inception through life. This approach should include digital material science and manufacturing, as well as business analytics paired with the previously developed 'traditional' S&A tools. We believe that the journey in that context has only begun."

In 2015, S&A revenues grew to just over $4.8 billion, an increase of 4.0% over the $4.7 billion in 2014. Just like PLM revenues overall, currency effects dragged down the S&A results, with CIMdata estimating year-on-year growth of 10.7% in constant currencies. According to Stan Przybylinski, CIMdata's VP of Research, "This growth reflects the increasing importance of S&A as part of product development and the need for companies to deploy better S&A solutions and environments. CIMdata expects that S&A will be one of the more rapidly growing segments within the tools sector of PLM over the next five years, and forecasts that this market sector will exceed $7 billion in 2020, with a 7.9% CAGR. For 2016, CIMdata forecasts that the S&A sub-sector will grow 7.7% overall and have revenues of $5.2 billion." 

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