ANN ARBOR, MI, USA, Aug 25, 2022 – CIMdata, Inc., the leading global PLM strategic management consulting and research firm, announces the release of the CIMdata PLM Industry Analysis Report, the fifth of five modules of the CIMdata 2022 PLM Market Analysis Report Series. The MAR Series provides detailed information and in-depth analysis on the worldwide PLM market during 2021. 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.

All industries saw growth in Mainstream PLM spending in 2021, as shown in the figure below. CIMdata forecasts continued growth in all industries during the five-year forecast period.

PLM spending is greatest in automotive & other transportation, mechanical machinery and heavy equipment, and aerospace & defense. It is lower in the process industries and utilities. However, some good process-focused PLM solutions are available, and they are becoming more important with growing concerns about food safety, particularly in emerging economies. Growth in PLM for medical devices is driven by stringent compliance requirements that can vary by country, something PLM strategies and enabling solutions can address. All industries are being affected by the trend toward smart, connected products, either directly or because of the effects of the Internet of Things (IoT) and the drive toward Industry 4.0, an initiative that originated in Germany that has inspired programs and spending in countries around the world. CIMdata believes there are good opportunities in all segments as corporate management continues to become more aware of the value of PLM and its positive impacts on both the top and bottom lines of a business. The global COVID-19 pandemic greatly impacted the PLM market in 2020, with a strong recovery in 2021. A rebound in COVID-19 in some regions could affect PLM revenues in 2022 and 2023, as can the continuing supply chain issues, inflationary pressure, and the ongoing conflict in Ukraine. Different industries will see different impacts and this is discussed in the report.

“The global PLM Economy rebounded strongly in 2021 after a tough COVID-19-impacted 2020. The global PLM market grew 11.9% in 2021, over our forecast, mainly due to strength in some tools segments,” states Mr. Stan Przybylinski, CIMdata’s Vice President. “The leading PLM solution providers continue to consolidate their portfolios after years of acquisitions. M&A in the PLM Economy did not miss a beat in 2020, and activity expanded significantly in 2021. CIMdata tracked 190 acquisitions in 2021, almost double the 104 in 2020. There were differential results by industry, but CIMdata believes that the underlying trends, like Industry 4.0 and the move to smart, connected products, have only gotten stronger and expects investment to continue in 2022 and beyond. Industrial companies are embracing digitalization strategies and using PLM to enable highly collaborative, distributed, flexible design and manufacturing environments to help better manage the entire product or plant lifecycle. This ability is critical to all industries and only becomes more complex as smart, connected products must act as parts of larger systems. Interest in cloud-based solutions grew substantially during 2021 with our industrial consulting clients, reflecting our survey results from that year.”

The CIMdata PLM Market Analysis Report Series is packaged as five modules:

1. The CIMdata 2022 Executive PLM Market Report provides an overview of CIMdata’s complete global analysis. It includes key charts on PLM market investment statistics through 2021, forecasts of investments for 2022 through 2026, and a summary of PLM solution providers’ performance in 2021.
2. The CIMdata 2022 PLM Industry Review and Trends Report is mainly qualitative and focuses on key issues facing the global PLM ecosystem of solution providers and end-user organizations. It highlights changes that occurred in 2021, what effects those changes may have in the short and medium term, and what is on the horizon in the coming years.
3. The CIMdata 2022 PLM Market and Solution Provider Analysis Report details measures of and forecasts for the overall PLM market and its key segments in 2021, including Tools, cPDm, and Digital Manufacturing. The Tools section has additional details on sub-segments, including MCAD, NC, S&A, EDA, and AEC. It also includes CIMdata’s estimates of PLM solution provider revenues in these segments and sub-segments for 2022 through 2026.
4. The CIMdata 2022 PLM Market Geographic Analysis Report provides an additional view of the 2021 market results by major geography. CIMdata’s 2021 estimates and market forecasts for PLM and the major PLM market segments are provided for the Americas, EMEA, and Asia-Pacific. In addition, the report includes estimates and forecasts for the cPDm segment within specific European and Asia-Pacific countries and regions.
5. The CIMdata 2022 PLM Market Industry Analysis Report provides an industry segmentation view of the 2021 market results. CIMdata’s 2021 estimates and market forecasts for PLM and cPDm are provided for ten industry sectors: aerospace and defense, automotive and other transportation, electronics/telecommunications, fabrication and assembly, process-packaged goods, process-petrochemical, utilities, construction, infrastructure, and shipbuilding.

The CIMdata PLM Market Analysis Report Series is available as a five-module set, or each module can be purchased separately. Selected modules are also available as part of the CIMdata Community Memberships. Further details and pricing information about the report and Community Memberships are available at www.cimdata.com.