CIMdata Announces 45 Attendees at 2018 PLM NA Forum, Releases 2017 PLM Market Analysis
ANN ARBOR, MI, USA, Apr 9, 2018 – CIMdata, Inc., the leading global PLM strategic management consulting and research firm, announces the successful completion of its 2018 North American PLM Market & Industry Forum—the first in a series of five global events. This year’s North American Forum was held in Ann Arbor, Michigan on 5 April 2018. There were 45 PLM industry participants representing 23 leading global PLM software and service providers.
CIMdata’s PLM Market & Industry Forums represent the world’s premier event for software and service providers focused specifically on the PLM market and the issues concerning its development and growth. Participants gathered to hear CIMdata’s perspective on the state and trends of the PLM market, as well as a detailed discussion of CIMdata’s research and viewpoints on the 2017 PLM market results. CIMdata’s extensive analysis and forecasts regarding market growth across PLM domains, industries, and regions, and the performance (revenue and market share analysis) of leading PLM software and service providers was shared. The theme for 2018 is “Industry 4.0-Its Global Impact & Status.”
In addition to the state and trends, the agenda included presentations on:
- Industry 4.0
- Manufacturing in the Built World
- Design for Additive Manufacturing
- Service Lifecycle Management
- Big Data/Analytics
- Virtual/Augmented Reality
Commenting on the PLM market in 2017, Stan Przybylinski, CIMdata’s Vice President, stated that, “The PLM market, as measured by CIMdata, grew by 7.3% in calendar year 2017, with growth in all segments. Simulation & Analysis had another good year, with 8.2% growth for the year. Smart connected products and the move to address Industry 4.0 drove above-forecasted growth in the Systems Integrator segment. We also saw higher growth in the electronic design automation (EDA) segment, with the leaders Cadence and Synopsys growing strongly. The requirements for developing smart, connected products also help drive growth in software development tools. Both mechanical computer-aided design (MCAD) segments grew faster than in recent years. Digital transformation is closely related to Industry 4.0 and is spreading across multiple industries. Making these changes will require strong PLM processes and enabling environments, which will drive overall PLM market growth in the coming years.”
The North American PLM Market & Industry PLM Market & Industry Forum is the first in a global series, with the next scheduled for 12 April in Frankfurt, Germany. Additional Forum sessions will take place in Pune, India on April 16; Shanghai, China on April 20; and Tokyo, Japan on April 25.
The PLM Market & Industry Forums provide the first look at CIMdata’s PLM market estimates. The full analysis will be released in the CIMdata PLM Market Analysis Report Series. For more information, please see www.CIMdata.com.