Maintains top spot in analyst’s PLM software ranking for 13th straight year
Siemens has been recognized by leading product lifecycle management (PLM) management consulting and research firm, CIMdata Inc., 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 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 market and were announced earlier this month.
“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,” said Peter Bilello, President of CIMdata. “This bodes well for Siemens as all three of these essential categories continue to grow and our data suggests that growth will continue well into the future.”
Over the next five years, CIMdata forecasts the comprehensive cPDm market segment will experience a compound annual growth rate (CAGR) of 5.2 percent, 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 percent, while the S&A segment is estimated to see strong and steady growth with a five-year CAGR of nearly eight percent.
Chuck Grindstaff, President and CEO, Siemens PLM Software, said, “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.”
