CIMdata, Inc., the leading global PLM strategic management consulting and research firm announces the release of the CIMdata 2024 China PLM Market Analysis Report in English and Simplified Chinese language versions.

This report provides detailed information and in-depth analysis on the People’s Republic of China’s (“China”) rapidly-evolving PLM market for calendar year 2023, with forecasts from 2024 through 2028. The report discusses the major PLM trends and issues, PLM purchase investments in software and services, PLM adoption in various industry sectors, and market growth forecasts that pertain to China; an important and quickly expanding economic region. The report provides insight into PLM market dynamics within the region and the revenue performance of the leading PLM solution providers operating within it, both China-based and international PLM solution providers headquartered elsewhere. It reports on revenues attributable to various PLM solution providers in the Chinese market. This report is a joint collaborative effort of CIMdata and China-based e-works Research (http://www.eworksglobal.com/ in English and http://www.e-works.net.cn in Chinese).

Stan Przybylinski, CIMdata Vice President said, “In CIMdata’s measurement the global PLM market grew 9.5% in 2023, slightly below our forecast. Chinese industries that are heavily investing in PLM include aerospace and defense, automotive, industrial equipment, and high-tech & electronics enterprises, and these early adopters are expanding and deepening their implementations. Sectors such as new energy vehicles and EDA attracted high levels of PLM investment in 2023, while PLM investments in textiles and construction engineering slowed. Biotechnology and medical industries, IC, and semiconductors also increased their adoption of PLM applications.” The following chart illustrates the growth and size of the China PLM market from 2019 through 2023.

Global PLM solution providers continue to invest in China and are expanding their partner networks and growing their customer bases. The leading international PLM solution providers including Dassault Systèmes, PTC, and Siemens Digital Industries Software had mixed results in China, but local firms are growing. “Local Chinese solution providers continue to gain real market share as shown by their increased presence as described in the report,” stated Peter Bilello, CIMdata’s President and CEO. “We continue to have strong attendance at our annual China PLM Market & Industry Forum. The Chinese government continues to ramp up investment in local IT firms and it is having a real positive impact on the China-based market. These competitors are closer to their local market and are expanding their offerings into new segments, a good sign for the vitality of the Chinese PLM market,” he added.

China PLM Market from 2019 through 2023
(CIMdata Estimates)

CIMdata designed this report to be a valuable source of information to support the business and market planning processes of PLM solution providers that are targeting China, as well as industrial companies within China who would like to understand the PLM competitive landscape. Further details about the report including pricing information is available on CIMdata’s website at https://www.cimdata.com/en/research/plm-market-analysis-report-series.