ANN ARBOR, MI, July 16, 2014 – CIMdata, Inc., the leading global PLM strategic management consulting and research firm announces the release of the CIMdata Simulation and Analysis (S&A) Market Analysis Report. This report deepens the S&A market analysis conducted as part of the CIMdata 2014 PLM Market Analysis Report Series. The well-known PLM MAR Series provides detailed information and in-depth analysis on the worldwide PLM market during calendar year 2013. It contains analyses of major trends and issues; revenues of leading PLM providers; and revenue analyses for geographical regions, industry sectors, and historical and projected data on market growth. The 2014 S&A MAR is a 57-page report containing over 30 tables and charts of data detailing the worldwide S&A market along a number of dimensions. It also includes an update on CIMdata’s S&A segmentation, a discussion of trends in the S&A industry, and updates on the top S&A solution providers.
Dr. Keith Meintjes, CIMdata’s practice manager for Simulation and Analysis stated that: “Simulation and Analysis is being transformed from a tool that has been the analog of physical test for design validation to an essential capability for up-front product definition verification. Vendors are responding by rounding out their portfolios with acquisitions and alliances for systems engineering, simulation, materials properties, topology optimization, multiphysics, and other areas of systems design and analysis.”
As shown in the following chart, in 2013, S&A revenues grew to just over $4.3 billion, an increase of 7.1% over the $4 billion in 2012. This growth reflects the increasing importance of S&A as part of product development and the need for companies to deploy better S&A solutions and environments. CIMdata expects that S&A will be one of the more rapidly growing segments within the tools sector of PLM over the next five years, and forecasts that this sector of the market will exceed $6.2 billion in 2018, with a 7.7% CAGR. For 2014, CIMdata forecasts that the S&A sub-sector will grow 7.5% overall and have revenues of $4.6 billion.
Simulation & Analysis Revenues History and Forecast
“This segment has been the fastest growing in the PLM market for several years, but slowed in 2013,” Stan Przybylinski, CIMdata’s VP of research. “It is a good sign when ‘slow’ is 7.1%. There is still room for this segment to grow as more companies in more industries use S&A solutions early in the lifecycle. As products get more complex, these solutions will be even more important.”
The 2014 CIMdata S&A Market Analysis Report is available for purchase at: http://www.cimdata.com/en/research/plm-market-analysis-report-series.
CIMdata, a leading independent worldwide firm, provides strategic management consulting to maximize an enterprise’s ability to design and deliver innovative products and services through the application of product lifecycle management (PLM) solutions. Since its founding in 1983, CIMdata has delivered world-class knowledge, expertise, and best-practice methods on PLM solutions. These solutions incorporate both business processes and a wide-ranging set of PLM-enabling technologies.
CIMdata works with both industrial organizations and providers of technologies and services seeking competitive advantage in the global economy. In addition to consulting, CIMdata conducts research, provides PLM-focused subscription services, and produces several commercial publications. The company also provides industry education through PLM certificate programs, seminars, and conferences worldwide. CIMdata serves clients around the world from offices in North America, Europe, and Asia- Pacific.
To learn more about CIMdata’s services, visit their website at www.CIMdata.com, follow them on Twitter: http://twitter.com/CIMdataPLMNews, or contact CIMdata at: 3909 Research Park Drive, Ann Arbor, MI 48108, USA, Tel: +1 734.668.9922. Fax: +1 734.668.1957; or at Oogststraat 20, 6004 CV Weert, The Netherlands, Tel: +31 (0) 495.533.666.