CIMdata, Inc., the leading global PLM management consulting and research firm, this week published its 2012 China Product Lifecycle Management (PLM) Market Analysis Report.
The report takes a deep-dive into China’s evolving PLM market, covering trends in PLM adoption by industry, investments in software and services and forecasts for the region.
“Once again the global market had a strong year and China proved even stronger,” said CIMdata director of research Stan Przybylinski. “In 2011, the Chinese Mainstream PLM market grew 22.3 percent to $640.9 million which is about 10 percent higher than the growth rate of the global Mainstream PLM market, and in 2012 the growth rate of the Chinese Mainstream PLM market is forecasted to be 13.9 percent.”
Chinese industries that are heavily investing in PLM include aerospace, automotive, high-tech, and mechanical machinery, the report finds. And global PLM providers continue to invest in China as end users begin to see PLM as an important tool for developing complex products.
The report also finds that Chinese manufacturers are paying more attention to product innovation and are fast improving their own R&D capability and process by deploying PLM, not only in traditional discrete industries, but also in life science, food & beverage and several emerging verticals.
You can purchase the full CIMdata report here.