CIMdata Releases 2007 PLM Market Analysis Report

By DE Editors

CIMdata (Ann Arbor, MI) released its annual Product Lifecycle Management (PLM) Market Analysis Report, which presents an analysis of the 2006 Product Lifecycle Management (PLM) market, with emphasis on the collaborative Product Definition management (cPDm) segment of that market.

In addition, an analysis of the Multi-discipline Mechanical Computer-Aided Design (MCAD) segment of the market is included. This analysis provides CIMdata’s perspective on PLM across a variety of industry and geographic sectors,  identifies market trends, reviews investments in PLM-related software and services during 2006, and forecasts PLM investments for 2007 through 2011.

Regarding the PLM market performance, according to the release, “the overall PLM market grew 10.7% to reach $20.1 billion in 2006. … PLM investments are forecasted to continue their climb over the next five years, increasing at a compound annual growth rate of approximately 8.5% to exceed an estimated $30 billion by 2011” (see Figure 1: Overall PLM Market History and Forecast from 2002 through 2011.)

Figure 1: Overall PLM Market History and Forecast from
2002 through 2011.

According to CIMdata, $13.2 billion was spent in 2006 by companies worldwide on PLM Tools such as mechanical computer-aided design (MCAD), computed-aided manufacturing (CAM), electronic design automation (EDA), engineering simulation and analysis,  technical publishing, and others. Growth in this sector was primarily driven by investments in EDA and mid-range MCAD. Areas such as high-end MCAD and simulation and analysis experienced relatively lower growth. The Tools portion of the PLM market is forecasted to grow at a CAGR of 5.3 percent over the next five years to reach $17.1 billion by 2011.

The fastest-growing sector of PLM is for expenditures on cPDm, which CIMdata research indicates, is the portion of the PLM market met the forecast for growth and reached $6.9 billion in 2006, representing an increase of approximately 13.6 percent over 2005. The cPDm segment is expected to continue its strong growth to $7.8 billion in 2007 and reach $13 billion by 2011 for a CAGR of 13.6% (see Figure 2: cPDm Market Growth History and Forecast (Estimated for 2007 to 2011).

Figure 2: cPDm Market Growth History and Forecast.

For further details on the report, contact CIMdata.com.

Sources: Press materials received from the company and additional information gleaned from the company’s website.