Chinese PLM market grew 22% in 2011, study finds
July 4, 2012 by Manufacturing AUTOMATION
The market for PLM software and services in China grew by 22.3 per cent to US$640.9 million in 2011, according to CIMdata’s 2012 China Product Lifecycle Management (PLM) Market Analysis Report.
This report provides detailed information and in-depth analysis on China’s rapidly-evolving mainstream PLM market. The report discusses the major China PLM trends and issues, PLM purchase investments in software and services, PLM adoption in various industry sectors, and market growth forecasts that pertain to this important and quickly expanding economic region.
“Once again the global market had a strong year and China proved even stronger,” said Stan Przybylinski, CIMdata director of research. “In 2011, the Chinese Mainstream PLM market grew 22.3 per cent to US$640.9 million which is about 10 per cent higher than the growth rate of the global mainstream PLM market, and in 2012 the growth rate of the Chinese Mainstream PLM market is forecasted to be 13.9 per cent.”
Chinese industries that are heavily investing in PLM include aerospace, automotive, high-tech, and mechanical machinery.
Global PLM solution providers continue to invest in China and are expanding their partner networks and growing their customer bases. The leading international PLM providers include Dassault Systèmes, PTC and Siemens PLM Software, and these three firms accounted for nearly 54 per cent of China-based mainstream PLM revenues in 2011.
“In the last year, several China-based ERP solution providers began offering PLM solutions, which illustrates how attractive this space has become,” said Peter Bilello, CIMdata president. “We had strong attendance at our first China PLM Market and Industry and Forum, from both local providers and mainstream international providers. In fact, in Shanghai we had the most fervent discussion of systems engineering, a very advanced PLM topic, of any of our four sessions around the world. Their end users see the importance of this topic to developing complex products, and the China-based PLM solution providers want to add capabilities to support them.”