Focuses on Overall PLM Market Results in China
ANN ARBOR, Michigan, USA 20 July 2022―CIMdata, Inc., the leading global PLM strategic management consulting and research firm announces the release of the CIMdata 2022 China PLM Market Analysis Report.
This report provides detailed information and in-depth analysis on the People’s Republic of China’s (“China”) rapidly-evolving PLM market for calendar year 2021, with forecasts from 2022 through 2026. 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/ in English and http://www.e-works.net.cn in Chinese).
Stan Przybylinski, CIMdata Vice President said, “In CIMdata’s measurement the global PLM market grew 15.9% in 2021, well above our forecast. Chinese industries that are heavily investing in PLM include aerospace, automotive, high-tech electronics, and mechanical machinery. PLM investments in rail transit increased, and interest in PLM is growing in biotechnology, consumer electronics, and the construction industries.” The following chart illustrates the growth and size of the China PLM market from 2017 through 2021.
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 growing as well. “Local Chinese solution providers continue to gain real market share as shown by their increased presence in the report’s charts,” stated Peter Bilello, CIMdata’s President and CEO. “We continue to have strong attendance at our annual China PLM Market & Industry Forum, held virtually again this year. The Chinese government is ramping up investment in local IT firms and it is starting to have a real positive impact on the China-based market. 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.
China PLM Market from 2017 through 2021
(CIMdata Estimates)
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.
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. Further details about the report including pricing information is available on CIMdata’s website for publications.