Fast talk: Collaborative solutions are fueling PLM market growth

Solutions that enable collaboration are the fastest-selling products in the product life-cycle management (PLM) software space, according to a report from the consulting and research firm CIMdata.<br/>

10/29/2007


Solutions that enable collaboration are the fastest-selling products in the product life-cycle management (PLM) software space, according to a report from Ann Arbor, Mich.-based consulting and research firm CIMdata .

Overall, sales of PLM technology grew 10.7 percent in 2006, and CIMdata expects that trend to continue through 2011, at which time the market would exceed $30 billion. More than $20 billion was spent on PLM software in 2006, according to CIMdata, with those expenditures breaking down as follows:





In analyzing market, CIMdata refers to the collaboration-oriented products as cPDm—or product data management—solutions. It

“Tools are focused on fundamental intellectual property [IP] creation, and cPDm is focused on IP management—including collaboration, visualization, vaulting, and sharing of product-related information,” says Ken Amann, CIMdata director of research.

Amann says the current healthy grow rate in PLM software sales—10.7 percent in 2006—reflects “continued recognition of the value of PLM in improving companies’ business performance.”

He also says PLM software vendors are boosting the value of PLM software by adapting their solutions to meet users’ current needs.

“Companies that have broad product suites designed to manage the full life cycle represent the foundation of PLM,” Amann says. “Increased user investments in these types of solutions are being driven by their continually broadening scope into areas such as digital manufacturing, strategic product planning, compliance management
The broad-based PLM vendors typically started out offering computer-aided design (CAD) tools before branching out into other areas. The leading broad-based PLM software vendors include Siemens PLM Software, Dassault Systemes, and PTC.

While these vendors control a large portion of the market, Amann says there is still room for smaller vendors that focus on specific portions of the product life cycle—such as testing during the design phase or supporting after-sales service. He also notes that both the comprehensive technology suppliers and the smaller focused vendors are both packaging solutions to address problems in specific vertical industries or manage specific business processes.

“The growth of these packaged solutions is significantly enabling small and medium-size businesses to adopt PLM technology,” Amann says. “Some PLM suppliers have been able to differentiate themselves by focusing on small and medium-size companies, and others have done so by focusing on specific industries.”
For more info.





No comments
The Engineers' Choice Awards highlight some of the best new control, instrumentation and automation products as chosen by...
The System Integrator Giants program lists the top 100 system integrators among companies listed in CFE Media's Global System Integrator Database.
The Engineering Leaders Under 40 program identifies and gives recognition to young engineers who...
This eGuide illustrates solutions, applications and benefits of machine vision systems.
Learn how to increase device reliability in harsh environments and decrease unplanned system downtime.
This eGuide contains a series of articles and videos that considers theoretical and practical; immediate needs and a look into the future.
Sensor-to-cloud interoperability; PID and digital control efficiency; Alarm management system design; Automotive industry advances
Make Big Data and Industrial Internet of Things work for you, 2017 Engineers' Choice Finalists, Avoid control design pitfalls, Managing IIoT processes
Engineering Leaders Under 40; System integration improving packaging operation; Process sensing; PID velocity; Cybersecurity and functional safety
This article collection contains several articles on the Industrial Internet of Things (IIoT) and how it is transforming manufacturing.

Find and connect with the most suitable service provider for your unique application. Start searching the Global System Integrator Database Now!

SCADA at the junction, Managing risk through maintenance, Moving at the speed of data
Flexible offshore fire protection; Big Data's impact on operations; Bridging the skills gap; Identifying security risks
The digital oilfield: Utilizing Big Data can yield big savings; Virtualization a real solution; Tracking SIS performance
click me