PTC
(Nasdaq: PTC) today announced 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 2014 China PLM Market Report just issued, CIMdata identified PTC as
the clear market leader in three categories: collaborative Product
Definition management (cPDm), as well as in PLM revenues from the
Aerospace & Defense and Electronics & High Tech verticals.
CIMdata predicts that the China PLM market will maintain rapid growth.
The report indicates that the five-year Compound Annual Growth Rate
(CAGR) for the market for calendar years 2014 through 2018 is forecast
to be approximately 14.9%. The report further states that A&D is the
largest industry sector in the China PLM market.
"PTC continues to experience success in the China market due to the
robustness of its PLM offering, commitment to its customers, and ongoing
investment in the rapidly growing Chinese market," said Stan
Przybylinski, Vice President of Research, 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 serves as
an information repository for its extended enterprise and distributed
workforce. 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.
PTC's #1 ranking in the cPDm market segment in China reflects the
success of its PTC
Windchill® 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, operate,
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.
Additional Resources
About PTC
PTC (Nasdaq: PTC) enables manufacturers to achieve sustained product and
service advantage. PTC's technology solutions help customers transform
the way they create, operate, and service products for a smart,
connected world. Founded in 1985, PTC employs approximately 6,000
professionals serving more than 28,000 businesses in rapidly-evolving,
globally-distributed manufacturing industries worldwide. Get more
information at www.PTC.com.
Future Results
PTC’s revenues and market share in China in prior periods are not
indicative of its revenues or market share in future periods. PTC may be
unable to maintain or increase its revenues or market share in China if
customers do not purchase PTC solutions over competitive solutions or at
all or if the China PLM market does not grow as projected.
PTC, Windchill and the PTC logo are trademarks or registered
trademarks of PTC Inc. or its subsidiaries in the United States and in
other countries.
About the CIMdata China PLM Market Analysis Report
CIMdata's 2014 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 in
calendar year 2013. 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.
Copyright Business Wire 2014