ANN ARBOR, MI, USA, Sep 20, 2024 – CIMdata, Inc., the leading global PLM strategic management consulting and research firm, announces the release of ten additional country-specific 2024 PLM Market Analysis Reports. These additional reports follow the release of the 2024 China PLM Market Analysis Report earlier this year.
The CIMdata PLM MAR series presents CIMdata’s 2023 product lifecycle management (PLM) market analysis. The complete global analysis provides CIMdata’s perspective on PLM across various industry and geographic sectors, identifies market trends, reviews investments in PLM-related software and services during 2023, and forecasts PLM investments for 2024 through 2028. It includes charts that present the overall PLM market and its various sectors as defined by CIMdata. These include collaborative Product Definition management (cPDm), tools and tools sub-sectors, Digital Manufacturing, and System Integrator/Reseller/Value-Added Reseller.
In addition to its global PLM Market Analysis reports, CIMdata offers 11 country-specific PLM Market Analysis Reports:
- Brazil
- China
- France
- Germany
- India
- Italy
- Japan
- Russia
- South Korea
- United Kingdom
- United States
These reports focus on the PLM market in each country, including its main segments and the 2023 financial results for PLM solution and service providers. Each country report includes estimates of spending by industry segment within the country, market presence within the country, growth of the top 10 suppliers in that country, revenue by global mindshare leaders, market shares in each measured segment, and five-year forecasts. “2023 was another strong year for PLM globally,” stated Stan Przybylinski, CIMdata’s Vice President. “Overall growth was 9%, with all segments growing year-on-year. There were bright spots in some segments and some geographic regions.”
For calendar year 2023, at US$13.5 billion, the United States represents the largest market and is forecast to grow at a compound annual growth rate (CAGR) of 8.9% through 2028. Japan’s PLM revenues were US$4.6 billion, with a CAGR of 8.4%. PLM revenues in Germany were US$5 billion, with a CAGR of 5.6%. These three countries have dominated the PLM market for years and will maintain that position. However, South Korea (at US$945 million and 8.9% CAGR) and the emerging PLM economies of Brazil, China, and India have great potential. CIMdata estimates the 2023 PLM revenues in Brazil were US$349 million (8.2% CAGR), China US$4 billion (10.1% CAGR), and in India US$1.05 billion (10.9% CAGR).” Mr. Przybylinski continued, “For 2023, CIMdata estimates PLM revenues in France at US$2.2 billion with a CAGR of 6.5%, Italy at US$777 million and with a 5.8% CAGR, and the United Kingdom at US$1.72 billion with a 6.4% CAGR.”
CIMdata’s country-specific PLM Market Analysis Reports are available for purchase at www.CIMdata.com.
About CIMdata
CIMdata, a global strategic management consulting firm, provides services designed to maximize an enterprise’s ability to design, deliver, and support innovative products and services. For more than forty years, CIMdata has provided industrial organizations, providers of digital technologies and services, and investment firms with world-class insight, expertise, and best-practice methods on a broad set of product lifecycle management (PLM) topics and the digital transformation they enable. CIMdata also offers research, subscription services, publications, and education through certificate programs and international conferences. To learn more, visit www.CIMdata.com or email info@CIMdata.com.
