China PLM Market growing | Automation.com

China PLM Market growing

China PLM Market growing

June 12, 2014 - Stan Przybylinski, CIMdata’s Vice President of Research said, “While the global PLM market slowed in the second half of 2013, China had another strong year, with nearly 13% growth to US$845 million, and in 2014 the growth rate of the Chinese Mainstream PLM market is forecasted to be 14.2%.” Chinese industries that are heavily investing in PLM include aerospace, automotive, high-tech, and mechanical machinery. The chart illustrates the growth and size of the China PLM market for the past 2 years and projects growth through 2018.

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 include Dassault Systèmes, PTC, and Siemens PLM Software, and these three firms accounted for nearly 38% of China-based Mainstream PLM revenues in 2013, down from 54% in 2012. “Local Chinese solution providers continue to improve their offerings,” stated Peter Bilello, CIMdata’s President. “We had strong attendance at our third annual China PLM Market & Industry Forum from both local solution providers and mainstream international providers. These local competitors are taking share away from the global leaders in China, 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.


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.

 

MORE INDUSTRY NEWS

VIEW ALL

RELATED