Despite a sputtering in the global economy, the global market for PLM software grew faster in 2011 than it did in 2010, a new study says.

 PLM consulting firm CIMdata released those findings as part of its 2012 PLM Market Industry Analysis Report, the fourth of five modules of the CIMdata PLM Market Analysis Report Series.

The series is designed to provide detailed information and in-depth analysis of the worldwide PLM market during 2011. It contains analyses of major trends and issues, leading PLM providers, revenue analyses for geographical regions, industry sectors, and historical and projected data on market growth.

“While the global economy sputtered, the PLM economy grew faster in 2011 than in 2010, which was a very good year,” Stan Przybylinski, CIMdata’s director of research, said in a statement.

“Most segments of the market that CIMdata tracks saw high double digit growth, with very strong license sales. Given that new license sales are often precursors to more software and services investment, this is a strong indicator that 2012 could be another solid year for PLM solution and services providers. Strong growth continued in industries with long-time PLM investments, such as automotive, high-tech and fabrication and assembly (F&A). Some other small markets, like shipbuilding and infrastructure also saw increased spending.”

The report provides Mainstream PLM and segment estimates for 2011 and forecasts for 2012 through 2016 for all industry sectors covered by CIMdata, with a special focus on the cPDm segment.

To learn more, visit www.CIMdata.com.