CIMdata Publishes Simulation and Analysis Market Report
The S&A market grew by 10.7% in constant currencies to over $4.8 billion in 2015.
Ann Arbor, MI, June 16, 2016 --(PR.com)-- 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 2015 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 2015. 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 2016 S&A MAR is a 70+-page report containing 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.
According to Frank Popielas, CIMdata’s Practice Manager for Simulation and Analysis, “Simulation and analysis is increasingly recognized as a ‘must’ core business competence. S&A capabilities are part of all major solution providers’ offerings for the engineering domain. The major providers are adding new leading-edge technologies by acquiring or partnering with smaller software providers and working to merge their offerings into innovation platforms that will seamlessly integrate and enable S&A deployment in different industries while allowing democratization of these solutions across engineering areas. Some are already offering lower fidelity analysis to provide real-time feedback to engineers. Taken together, these changes will allow long-term, a true system engineering approach using digital tools from inception through life. This approach should include digital material science and manufacturing, as well as business analytics paired with the previously developed ‘traditional’ S&A tools. We believe that the journey in that context has only begun.”
In 2015, S&A revenues grew to just over $4.8 billion, an increase of 4.0% over the $4.7 billion in 2014. Just like PLM revenues overall, currency effects dragged down the S&A results, with CIMdata estimating year-on-year growth of 10.7% in constant currencies. According to Stan Przybylinski, CIMdata’s VP of Research, “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 market sector will exceed $7 billion in 2020, with a 7.9% CAGR. For 2016, CIMdata forecasts that the S&A sub-sector will grow 7.7% overall and have revenues of $5.2 billion.”
The 2016 CIMdata S&A Market Analysis Report is available for purchase at: http://www.cimdata.com/en/research/plm-market-analysis-report-series.
About CIMdata
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 our website at www.CIMdata.com, follow us 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.
According to Frank Popielas, CIMdata’s Practice Manager for Simulation and Analysis, “Simulation and analysis is increasingly recognized as a ‘must’ core business competence. S&A capabilities are part of all major solution providers’ offerings for the engineering domain. The major providers are adding new leading-edge technologies by acquiring or partnering with smaller software providers and working to merge their offerings into innovation platforms that will seamlessly integrate and enable S&A deployment in different industries while allowing democratization of these solutions across engineering areas. Some are already offering lower fidelity analysis to provide real-time feedback to engineers. Taken together, these changes will allow long-term, a true system engineering approach using digital tools from inception through life. This approach should include digital material science and manufacturing, as well as business analytics paired with the previously developed ‘traditional’ S&A tools. We believe that the journey in that context has only begun.”
In 2015, S&A revenues grew to just over $4.8 billion, an increase of 4.0% over the $4.7 billion in 2014. Just like PLM revenues overall, currency effects dragged down the S&A results, with CIMdata estimating year-on-year growth of 10.7% in constant currencies. According to Stan Przybylinski, CIMdata’s VP of Research, “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 market sector will exceed $7 billion in 2020, with a 7.9% CAGR. For 2016, CIMdata forecasts that the S&A sub-sector will grow 7.7% overall and have revenues of $5.2 billion.”
The 2016 CIMdata S&A Market Analysis Report is available for purchase at: http://www.cimdata.com/en/research/plm-market-analysis-report-series.
About CIMdata
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 our website at www.CIMdata.com, follow us 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.
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CIMdata
Cheryl Peck
734-668-9922
www.cimdata.com
Cheryl Peck
734-668-9922
www.cimdata.com
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