CIMdata Gives Top Rank To Siemens For Its PLM Software.
India, June 11 -- CIMdata forecasts the comprehensive cPDm market segment will experience a Compound Annual Growth Rate (CAGR) of 5.2 per cent, resulting in a projected market size of approximately $6.2 billion by 2018, based on total software and services investments.
Leading PLM management (Product Lifecycle Management) consulting and research firm, CIMdata has recognised Siemens as the market presence leader in the collaborative Product Definition management (cPDm) market segment for the 13th year in a row, and in the Digital Manufacturing market segment for the ninth year in a row.
Additionally, as a result of its expanding family of software for Simulation and Analysis (S&A) - including the acquisition of LMS, Siemens has improved its market leadership position to fourth in the S&A ranking, up six positions from the 2013 report. CIMdata's findings are based on in-depth data and analysis of the global PLM.
Siemens' PLM software business unit addresses CIMdata's cPDm category with its Teamcenter portfolio, the world's most widely used digital lifecycle management software, while its Tecnomatix portfolio is the most widely used software in the digital manufacturing market segment. The S&A market segment is addressed by Siemens with a rich portfolio of Computer-Aided Engineering analysis (CAE) offerings including the CAE modules of NX software, NX Nastran software, Femap software and the LMS solutions portfolio - which incorporates model-based mechatronic simulation, a broad CAE simulation offering, and advanced testing solutions in the product development process.
"According to our market research, Siemens continues to lead the way in cPDm and Digital Manufacturing and has seen significant growth in S&A revenue. This bodes well for Siemens as all three of these essential categories continue to grow and our data suggests that growth will continue over the next five years. CIMdata forecasts the comprehensive cPDm market segment will experience a Compound Annual Growth Rate (CAGR) of 5.2 per cent, resulting in a projected market size of approximately $6.2 billion by 2018, based on total software and services investments. CIMddata also expects Digital Manufacturing growth will continue with a projected five-year CAGR of 4.1 per cent, while the S&A segment is estimated to see strong and steady growth with a five-year CAGR of nearly eight per cent. Overall, mainstream PLM is expected to continue to grow as a key enterprise investment, with CIMdata reporting a forecasted five-year CAGR of over 4.8 per cent," said Peter Bilello, President of CIMdata.
"Siemens has a consistent track record of leadership in key areas of PLM, including cPDm and Digital Manufacturing. This latest report illustrates our commitment to maintaining leadership in these two disciplines, which are of critical value to our customers. In addition, our strong focus on simulation and analysis will help our customers continue to address the increasing complexity of tomorrow's product innovations," said Chuck Grindstaff, President and CEO, Siemens PLM Software.
What's your view on Siemens' market position as far as the PLM solutions are concerned?
Published by HT Syndication with permission from The Industry 2.0.
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