According to CIMdata, 2014 global PLM market grows 6.8% to $37.2 billion dollars. The growth has surpassed CIMdata’s forecast (5.8%). The exceeding growth mainly comes from North American and European market. Global PLM market is forecasted to grow 5.8% in 2015 reaching to $39.4 million dollars.
2014 China mainstream PLM market up 11.75%
2014 PLM market investment
On CIMdata 2015 PLM Market and Industry Forum on April 17, Dr. Pei Huang, e-works CEO disclosed China PLM Market Development Report. Dr. Huang pointed out that facing with complex and volatile international environment as well as heavy and tremendous reform tasks, Chinese economy has overcome downward pressure and realized a 7.4% GDP growth, in which industrial added value has up 7.0% to 22.8 trillion RMB and manufacturing up 9.4%.
According to statistics from CIMdata and e-works, China PLM market in 2014 has a strong growth at 11.9% to $1,469 million dollars. China mainstream PLM market in 2014 up 11.75% to $944 million dollars compared to $845 million dollars in 2013. China PLM market share grows from 3.74% in 2013 to 3.95% in 2014.
2014 China Mainstream PLM Market Growth by Segments
License revenues account for more than a half at 50.8% of Chinese mainstream PLM market capacity in 2014. Revenues from Implementation takes 30.8%, upgrade and maintenance takes 163.6%, others including revenues from government, integration, training, consulting, etc. takes 4.8%.
In terms of segments, all sectors continued to grow last year. Simulation and analysis grows faster than overall tools. cPDm sector and CAD sector grow slower. Digital manufacturing and CAPP grows very quickly because of large demand. 2D-CAD sector grows slowly.
2014 Chinese mainstream PLM market composition
According to the forecast, China PLM market growth will keep a fast pace in next 5 years (2015-2019). The average compound growth rate in next 5 years is estimated to be 14.76%. The growth rate of Chinese mainstream PLM market in 2015 is estimated to be 14.3% and by 2019 the mainstream market will achieve $1.88 billion dollars.
China mainstream PLM market forecast (2015-2019)
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【About CIMdata】 CIMdata is dedicated to maximizing an enterprise's ability to design and deliver innovative products and services through the application of PLM. Since its founding in 1983, CIMdata has delivered world-class knowledge, expertise, and best-practice methnods on PLM solution. In May 2011, CIMdata acquired CPDA, who is dedicated to technology and business process research through PLM collaborative project research.
【About e-works Research】e-works Research is the most influential independent research institute focusing on China manufacturing information technology. Since its foundation in 2002, e-works Research has been committed to do market, technology and application research in ERP, PLM, IT infrastructure in manufacturing. We periodically publish professional report concerning PLM, ERP, MES, CAE, information security, investment and offer consulting services such as market research, product evaluation, case writing, white paper planning.