PLM market grew faster in 2011 than 2010, report finds

Despite a sputtering in the global economy in 2011, a new report says the market for PLM products grew faster in 2010 than 2011 to the tune of 10.5 per cent in the Americas alone.

The findings are part of Global PLM management consulting and research firm CIMdata’s 2012 PLM Geographic Analysis Report, the fifth of five modules of the CIMdata PLM Market Analysis Report Series.

The MAR Series provides detailed information and in-depth analysis on 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,” said Stan Przybylinski, CIMdata’s director of research, 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. CIMdata estimates that in calendar year 2011 the Mainstream PLM market grew approximately 10.5 per cent in the Americas, almost 10 per cent in EMEA, and just under 24 per cent in Asia-Pacific.”

The report provides details on the overall PLM market and specific geographic regions: the Americas; Europe-Middle East-Africa (EMEA); and Asia-Pacific. The report also provides insights into the collaborative Product Definition management (cPDm) spend in specific countries within each geographic region. It also provides estimates for calendar years 2011 and forecasts for 2012 to 2016 for each segment.

The CIMdata PLM Market Analysis Report Series is available as a five-module set or each module can be purchased separately. Learn more at www.CIMdata.com.