Dataquest ranked Siemens PLM Software as the leading vendor in the PLM market in India during FY 2013 with a market share of 22 percent. The findings, based on an in-depth analysis of the Indian PLM market, are detailed in Dataquest’s DQ Top 20 report on enterprise applications.
According to the DQ Top 20 report, India’s PLM market witnessed a modest growth of 4 percent during FY 2013. This was attributed to a general slowdown in the manufacturing sector in India, particularly in the automotive industry. However, the report also recognized the growing acceptance of technologies like 3D and HD-PLM by manufacturers in India.
With PLM being a key enabler of innovation, the report also recognizes the significance of establishing country-specific business and manufacturing clusters in India, thereby extending PLM solutions to new markets, especially to small and mid-sized manufacturers.
Suman Bose, Managing Director, Siemens PLM Software India, stated “We are honored with this recognition from Dataquest for the third consecutive year. We thank Dataquest for their comprehensive coverage of the PLM market in India, especially in the current context of challenges faced by manufacturing sectors in India.
PLM has had a significant impact and has enhanced competitiveness of manufacturing companies in India. This recognition of our leadership is a testimony to the success of our customers in attaining global competitiveness and our commitment to continually push ahead for all manufacturers in India.”
About Siemens PLM Software
Siemens PLM Software, a business unit of the Siemens Industry Automation Division, is a leading global provider of product lifecycle management (PLM) software and services with seven million licensed seats and more than 71,000 customers worldwide. Headquartered in Plano, Texas, Siemens PLM Software works collaboratively with companies, delivering open solutions to help them make smarter decisions that result in better products.
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