CIMdata Releases Country-Specific 2020 PLM Market Analysis Reports
ANN ARBOR, MI, USA, Sep 25, 2020 – CIMdata, Inc., the leading global PLM strategic management consulting and research firm, announces the release of ten additional country-specific 2020 PLM Market Analysis Reports. These reports follow the release of the 2020 China PLM Market Analysis Report earlier this year.
The CIMdata PLM MAR series presents CIMdata’s analysis of the 2019 product lifecycle management (PLM) market. The complete global analysis provides CIMdata’s perspective on PLM across various industry and geographic sectors, identifies market trends, reviews investments in PLM-related software and services during 2019, and forecasts PLM investments for 2020 through 2024. It includes charts that present the overall PLM market and its various sectors, as defined by CIMdata. These include collaborative Product Definition management (cPDm), tools and tools sub-sectors, Digital Manufacturing, and System Integrator/Reseller/Value-Added Reseller.
In addition to its global PLM Market Analysis reports, CIMdata offers eleven country-specific PLM Market Analysis Reports:
- South Korea
- United Kingdom
- United States
These reports focus on the PLM market in each country, including its main segments and the 2019 financial results for PLM solution and service providers. Each country report includes estimates of spending by industry segment within the country, market presence within the country, growth of the top 10 suppliers in that country, revenue by global mindshare leaders, market shares in each measured segment, and five-year forecasts.
“2019 was a strong year for the PLM Economy, with 7.7% growth and few of the large currency effects that impacted our reporting in previous years,” according to Stan Przybylinski, CIMdata’s Vice President. “2020 looked to be another good year until the COVID-19 pandemic gripped the world. Results have been mixed so far this year, but, as the pandemic eases, CIMdata believes the conditions exist to drive strong growth in the future. For the calendar year 2019, at $9.5 billion, the United States is the largest market and is forecast to grow at a compound annual growth rate (CAGR) of 7.7% through 2024. Japan’s PLM revenues were $4.4 billion and a CAGR of 8%. PLM revenues in Germany were $4.1 billion and a CAGR of 7.5%. These three countries have dominated the PLM market for years and will maintain that position. However, South Korea (at $742.6 million and a 8.1% CAGR) and the emerging PLM economies of Brazil, China, Russia, and India have great potential. CIMdata estimates the 2019 PLM revenues in Brazil were $302.3 million (7.2% CAGR), in India $724.4 million (9.7% CAGR), and in Russia $280.9 million (6.8% CAGR).” Mr. Przybylinski continued, “For 2019 CIMdata estimates PLM revenues in France at $1.76 billion with a CAGR of 7.6%, Italy at $649.8 million and 6%, and the United Kingdom at $1.21 billion and 6.8%.”
The CIMdata country-specific PLM Market Analysis Reports are available for purchase at www.CIMdata.com.