Apr 4, 2011

CIMdata Successfully Concludes its 2011 North American Vendor Forum and Releases Its 2010 PLM Market Analysis

ANN ARBOR, Michigan — CIMdata, a leading global Product Lifecycle Management (PLM) consulting and research firm, presented its 2011 North American PLM Vendor Forum—the first in a series of global events. This forum was held in Ann Arbor, Michigan, USA on March 31st 2010.

CIMdata's PLM Vendor Forums are the world's premier gathering of technology and service suppliers focused specifically on the PLM market and issues concerning its development and growth. Participants gathered to hear CIMdata's perspective on the state and trends of the current and future PLM market, as well detailed discussion of CIMdata's research and perspective on 2010 PLM market results. These included CIMdata's extensive analysis and forecasts regarding market growth across PLM domains, industries, and regions, and the performance (revenue and market share analysis) of leading PLM solution suppliers. See some attendee comments on the Twitter stream at #CIMdata2011VF.

In CIMdata's annual “State of PLM: Today's Market and Leading Trends” address, Mr. Peter Bilello, CIMdata's President, stated that “In the recent recession many companies cut their staffs and reduced investment to maintain profitability. Having to do more with less is one of the forces driving the market growth CIMdata saw in 2010 and companies are starting to spend some of their pent-up investment money to adopt PLM enabling solutions.” Mr. Bilello added, “2010 was a great rebound year, and with much of the growth in software licenses this should lead to strong growth in the next few years. PLM's adoption as a true enterprise initiative continued in 2010 and is driving investments in expanded solutions and developments to make them more valuable for enterprises of all sizes.” In Mr. Bilello's conclusion, he emphasized that the drive to “green” and compliance may be the tipping point that will make companies move to PLM. According to Mr. Bilello, “In CIMdata's opinion, companies cannot maximize the „greenness' of their products without PLM.”

Commenting on the PLM market in 2010, Mr. Stan Przybylinski, CIMdata Director of Research, said, “We were happy to report that in 2010 the PLM market showed robust growth, gaining back most of the declines from the global recession.” Recent statistics compiled by CIMdata show the Comprehensive PLM market grew 9.7% in 2010. Mr. Przybylinski added, “In 2010, the PLM market continued its upward trend during the last half of 2009 and grew faster than our predictions, made last year, for 2010. Growth is coming both from companies that already use PLM solutions who are expanding their implementations, as well as from industries that are just beginning their PLM journeys.” The range of companies expecting to benefit from PLM strategies continues to expand. Nevertheless, a wide range of companies continued investing in PLM to achieve short-term benefits as well as long-term strategic value throughout the product lifecycle and across their extended enterprise. “At CIMdata we see PLM as critical to competitive success and PLM is a major factor in determining which companies are best able to maintain their competitive position as global markets rebound,” noted Mr. Przybylinski.

In addition, CIMdata provided the participants with practical insights and approaches that they can use to navigate the PLM market during the current economic recovery and discussed four major trends impacting companies as well as the PLM industry—Cloud/SaaS, Changes in the Channel, the Future of CAD, and PLMisGreen that is CIMdata's initiative on green/sustainability.