PTC
(Nasdaq: PMTC) today announced that it has been ranked a leading
provider of product
lifecycle management (PLM) solutions in China by independent global
PLM strategic management consulting and research firm CIMdata, Inc. In
its 2013 China PLM Market Report just issued, CIMdata identified PTC as
the clear market leader in four categories: Mainstream PLM and
collaborative Product Definition management (cPDM), as well as the
Aerospace & Defense and Electronics & High Tech vertical industries.
This recognition of leadership comes as PTC celebrates 20 years in
business in the fast growing China market. CIMdata predicts that the
China PLM market will maintain rapid growth. The report indicates that
the five-year Compound Annual Growth Rate (CAGR) for calendar years 2013
through 2017 is forecast to be approximately 16.1% and that the 2013
growth rate is forecast to be approximately 16.2%. The report further
states that A&D is the largest and fastest growing industry sector in
the China PLM market.
"PTC continues to experience success in the China market due to the
strength of its PLM offerings and its ongoing investment in the rapidly
growing Chinese market," said Peter Bilello, President, CIMdata. "The
China PLM market repeatedly has outpaced the growth of the global PLM
market as Chinese manufacturers focus on product innovation as a means
of differentiation. These companies deploy PLM as a means to promote
collaboration, automate and manage processes, and capture best
practices. PTC has established itself as a strong presence in the market
and is well positioned to take advantage of market opportunities."
PLM forms the product information backbone for a company and its
extended enterprise. CIMdata defines PLM as a strategic business
approach that applies a consistent set of business solutions in support
of the collaborative creation, management, dissemination, and use of
product definition information across the extended enterprise.
The report’s author, Stan Przybylinski, Vice President of Research,
CIMdata, continued, “PTC invested heavily in the Chinese market. In May
2012, PTC and Donghua University began planning to build a PLM Center
for the fashion industry. The center is being designed to simulate the
real working environment in apparel enterprises and highlight PLM’s
effect on R&D management in these enterprises. Additionally, PTC
continued increasing investment in engineering education in China in
2012. PTC and Boeing Company sponsored the FIRST Tech Challenge (FTC)
Robotics Competition for the third time in China. This event has become
a famous academic competition in China. Also, PTC continued investing
heavily in its channel network.”
PTC's #1 ranking in the mainstream PLM market segment reflects the
success of its PTC
Windchill®family of PLM solutions, which
enable manufacturers to do more throughout the product lifecycle, know
more about product performance, and get more value from their PLM
investment. PTC’s solutions help customers transform the way they create
and service products across the entire product lifecycle – from
conception and design to sourcing and service.
"We are committed to helping our customers in China achieve product and
service advantage in a highly competitive market by providing them with
world-class technology, professional services and personal support,"
said Richard Shou, DVP, President of PTC China, PTC.
Additional Resources
About PTC
PTC (Nasdaq: PMTC) enables manufacturers to achieve sustained product
and service advantage. The company's technology solutions transform the
way products are created and serviced across the entire product
lifecycle – from conception and design to sourcing and service. Founded
in 1985, PTC employs over 6,000 professionals serving more than 27,000
businesses in rapidly-evolving, globally distributed manufacturing
industries worldwide. Get more information at www.ptc.com.
About the CIMdata China PLM Market Analysis Report
CIMdata's 2013 China PLM Market Analysis Report provides detailed
information and in-depth analysis on the rapidly-evolving Product
Lifecycle Management (PLM) market in the People's Republic of China
("China") in calendar year 2012. A joint collaborative effort between
CIMdata and China-based e-works Manufacturing Information Technology
Co., Ltd., the report contains analyses of major PLM trends and issues,
leading PLM solution providers, PLM investments in software and
services, PLM adoption in various industry sectors, and market growth
forecasts that pertain to this important economic region.
PTC, the PTC logo and Windchill are trademarks or registered
trademarks of PTC Inc. or its subsidiaries in the United States and in
other countries.
Copyright Business Wire 2013