Home / Knowledge / News / Information Technology / Siemens PLM claims top spot in two fastest growing sectors
Siemens PLM claims top spot in two fastest growing sectors
09
Apr '10
Siemens PLM Software, a business unit of the Siemens Industry Automation Division and a leading global provider of product lifecycle management (PLM) software and services, today announced that for the ninth year in a row it has been recognized by leading PLM management consulting and research firm CIMdata, Inc. as the market presence leader in the industrys collaborative Product Definition management (cPDm) category. CIMdata also ranked Siemens PLM Software the revenue leader in the Digital Manufacturing market segment for the fifth straight year. These findings, based on in-depth data and analysis of the PLM market, were announced by CIMdata in March and are detailed in their upcoming 2010 PLM Market Analysis Report.

The consistent strength of Siemens PLM Softwares Teamcenter software in cPDm a core component of most PLM environments has resulted in it being the cPDm market presence leader for the past several years,said Ed Miller, President of CIMdata.Additionally, Siemens PLM Softwares Tecnomatix software Digital Manufacturing solution suite has maintained itself as the market leader in this category; an area of growing importance to the overall PLM industry. We project these two market sectors to have strong compound annual growth rates (CAGR) over the next five years, which should bode well for Siemens PLM Software.

According to CIMdata, cPDm will continue as the fastest-growing segment of the PLM market with a five-year CAGR forecast of 8.7 percent, resulting in a projected cPDm market size of approximately $12 billion by 2014, based on total software and services investments. In second place relative to market growth rate is the digital manufacturing sector with a five-year CAGR forecast of 8.0 percent, according to CIMdata. These growth rates compare favorably with CIMdatas forecast of 7.7 percent CAGR for the Mainstream PLM market as a whole.

The leadership rankings we received from CIMdata in these two vital and fast growing PLM market sectors serves to validate our customer focused strategy and open business model, said Eric Sterling, senior vice president, Global Marketing, Siemens PLM Software. The cross-industry breadth and functional depth of our Teamcenter and Tecnomatix solutions have helped us maintain our position as a proven global PLM leader.

Siemens PLM Software


Must ReadView All

VF Corporation to split into two independent companies

Apparel/Garments | On 14th Aug 2018

VF Corporation to split into two independent companies

VF Corporation, a global leader in branded lifestyle apparel,...

Courtesy: Good On You

Apparel/Garments | On 14th Aug 2018

Good On You in Oz adds 500 European brands to rating app

Australia-based Good On You’s brand-rating app has recently added 500 ...

Courtesy: USDA/FAS

Textiles | On 14th Aug 2018

US cotton exports in 2017-18 highest in over a decade

Cotton exports from the US in 2017-18 reached their highest level...

Interviews View All

Sachin Sharma
Gem Enviro Management Pvt Ltd

There are no significant differences between virgin yarn and PET recycled...

Top executives
Indian retail players

Walmart's acquisition of Flipkart endorses the humongous opportunities in...

Cindy McNaull
Cordura

We have broad range of options in durable fabrics

Deepprakash Agrawal

Radhey Weaves is a Surat-based manufacturer of brocade fabrics. MD...

Shivani Swamy

The Livinguard Technology is owned by Green Impact Holding AG based in...

Harsh Shah

Fynd is the central online shopping destination for fashion, offering...

Eric Scholler
Groz-Beckert

The Indian market has huge potential in technical textiles, and by far,...

Justin Chan & Shyam Gollakota
University of Washington

A fabric that can store data without any electronics or batteries has been ...

Silke Brand-Kirsch
Schlegel und Partner GmbH

<div>Schlegel und Partner is the market research and consultancy company...

Sanjukta Dutta
Sanjukta's Studio

<b>Sanjukta Dutta</b> creates unique garments by clubbing prints of...

Judy Frater
Somaiya Kala Vidya

Among the many honours showered on Frater, including Fulbright and Ford...

Bani Batra

Bani Batra’s couture wedding collection is inspired by traditional Indian...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


editorial@fibre2fashion.com

Letter To Editor






(Max. 8000 char.)

Search Companies





SEARCH

Leave your Comments


August 2018

Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.

news category


Related Categories:

Advanced Search