Monday, May 20, 2024

CIMdata Publishes 2023 China PLM Market Report

ANN ARBOR, MI, USA, Jul 21, 2023 – CIMdata, Inc., the leading global PLM strategic management consulting and research firm, announces the release of the CIMdata 2023 China PLM Market Analysis Report.

China PLM Market from 2018 through 2022
(CIMdata Estimates)

This report provides detailed information and an in-depth analysis of the People’s Republic of China’s (“China”) rapidly evolving PLM market for the calendar year 2022, with forecasts from 2023 through 2027. The report discusses the major PLM trends and issues, PLM purchase investments in software and services, PLM adoption in various industry sectors, and market growth forecasts that pertain to China, an important and quickly expanding economic region. The report provides insight into PLM market dynamics within the region and the revenue performance of the leading PLM solution providers operating within it, both China-based and international PLM solution providers headquartered elsewhere. It reports on revenues attributable to various PLM solution providers in the Chinese market. This report is a joint collaborative effort of CIMdata and China-based e-works Research (https://www.eworksglobal.com/ in English and https://www.e-works.net.cn in Chinese).

Stan Przybylinski, CIMdata Vice President, said, “In CIMdata’s measurement, the global PLM market grew 10% in 2022, just under our forecast. Chinese industries that are heavily investing in PLM include aerospace, automotive, high-tech electronics, and mechanical machinery. PLM investments in rail transit increased, and interest in PLM is growing in biotechnology, consumer electronics, and the construction industries.” The following chart illustrates the growth and size of the China PLM market from 2018 through 2022.

Global PLM solution providers continue to invest in China and are expanding their partner networks and growing their customer bases. The leading international PLM solution providers, including Dassault Systèmes, PTC, and Siemens Digital Industries Software, are all showing continued growth in China, but local firms are growing as well. “Local Chinese solution providers continue to gain real market share as shown by their increased presence as described in the report,” stated CIMdata’s President and CEO, Peter Bilello. “We continue to have strong attendance at our annual China PLM Market & Industry Forum, held virtually again this year. The Chinese government is ramping up investment in local IT firms, and it is starting to have a real positive impact on the China-based market, as shown in this year’s report. These competitors are closer to their local market and are expanding their offerings into new segments, a good sign for the vitality of the Chinese PLM market,” he added.

CIMdata designed this report to be a valuable source of information to support the business and market planning processes of PLM solution providers targeting China and industrial companies within China who would like to understand the PLM competitive landscape. Further details about the report, including pricing information, are available at https://www.cimdata.com/en/research/plm-market-analysis-report-series.

Nitin Patil
Nitin Patil
Editor and Director of Content, DailyCADCAM.com. Nitin completed his Master's in Mass Communication & Journalism and having 13 years of work experience as an editor, content writer with renowned international technical magazines and media companies. He is associated with CAD,CAM industry since 2008.
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