CIMdata releases PLM market forecast report
Research firm predicts PLM industry to reach $50.7 billion by 2017.
CIMdata released its 2013 PLM Market and Solution Provider Analysis Report that forecasts the overall PLM market and its key segments, including Tools, cPDm, and Digital Manufacturing. The Tools section has additional details on sub-segments, including MCAD, NC, S&A, EDA, and AEC. It also includes CIMdata’s estimates of PLM solution provider revenues in these segments and sub-segments for 2013 through 2017.
According to Stan Przybylinski, CIMdata’s VP of research, “The Comprehensive PLM market grew 11.6 percent to $33.4 billion in 2102, with spending on tools leading the way, Results for the PLM leaders moderated in 2012, after getting off to a strong start early in the year. While software sales in some segments remained strong, there was not a strong pull for services that has been typical of the PLM market. CIMdata estimates that the Comprehensive PLM market will have a compound annual growth rate (CAGR) of 8.7% to reach $50.7 billion in 2017.”
The CIMdata PLM Market Analysis Report Series is available as a five-module set.