CIMdata Publishes 2018 Simulation and Analysis Market Report

CIMdata Publishes 2018 Simulation and Analysis Market Report

ANN ARBOR, MI, USA, Jun 29, 2018 – CIMdata, Inc., the leading 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 2018 PLM Market Analysis Report Series. The well-known PLM MAR Series provides detailed information and in-depth analysis on the worldwide PLM market during calendar year 2017. 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 2018 S&A MAR is an 80+-page report containing over 35 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.

 

sa_cimdataS&A Market History and CIMdata Growth Estimates

 

According to Mr. Don Tolle, CIMdata’s Practice Manager for Simulation-Driven Systems Development, “Systems-level behavior modeling, simulation, and analysis are increasingly recognized as must-have core competencies to enable the digitalization of product development, manufacturing, and in-service lifecycle operations. Products are increasingly complex due to the high degree of electronics and software content in today’s cyber-physical systems. New capabilities, such as 3D printing or additive manufacturing, are also having a major impact on product design and manufacturing by enabling innovative new processes such as generative design. The emergence of physics-based digital twins and real-time data analytics from IoT-enabled smart systems promise to provide unprecedented product performance knowledge to end users of today’s products as well as to the design engineers who must build innovative new products to meet ever more demanding customer and regulatory requirements.

“To meet these industry challenges, there is a strong industry focus on creating collaborative product innovation platforms that enable cross-domain ‘digital process threads’ (including mechanical, electronics, software, controls, chemical, materials, etc.) that can be shared, continuously improved, and managed throughout the product development lifecycle. The major software and services solution providers are investing heavily in R&D to create new model-driven, integrated MBSE and S&A capabilities as well as adding new leading-edge technologies by acquiring or partnering with innovative software and solutions providers.

“Looking forward, the democratization of collaborative model-based engineering approaches based on open platforms, role-specific user interfaces, and data interoperability standards will allow a true systems engineering approach from product ideation through detailed development, verification and validation, manufacturing, in-service operations and ultimately support for reuse, recycling, and end of life. In that context, CIMdata believes that while great progress is being made today by industry, we are still relatively early in the journey towards achieving the widely forecasted business benefits of digitalization in the product development domain.”

As shown in the following chart, in 2017 S&A revenues grew to just over $5.7 billion, an increase of 8.3% over the $5.3 billion in 2016. According to Mr. Stan Przybylinski, CIMdata’s Vice President, “S&A is continuing to move “up front” in the product development process (i.e., to the “left” side of the Systems Engineering Vee), helping companies evaluate multiple design concepts and optimize performance before committing to the final hardware and software design. 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 $8.5 billion in 2021, with an 8.3% CAGR. For 2018, CIMdata forecasts that the S&A sub-sector will grow 8.1% overall and have revenues of nearly $6.2 billion.”

The 2018 CIMdata S&A Market Analysis Report is available for purchase at https://www.cimdata.com/en/research/plm-market-analysis-report-series.

About Guest/blogger

Guest/blogger posts belongs to respective authors. The articles/tips are summarized here, if interested in reading the complete blog post, please follow the links given under each post.