Consulting and research firm CIMdata announces the availability of its annual Product Lifecycle Management (PLM) Market Analysis Report. The 2006 report provides the most complete analysis of the 2005 PLM market available, with special emphasis on the collaborative Product Definition management (cPDm) segment of that market.
Regarding the PLM market performance, Mr. Amann said, “Our research shows that the overall PLM grew 8.8% to reach $18.1 billion in 2005. This growth rate exceeded earlier estimates, with the boost attributed to continued strengthening of the global economy and an increased recognition of the value of PLM in improving companies' business performance. PLM investments are forecast to continue their climb over the next five years, reaching an estimated $27 billion by 2010, for a compound annual growth rate of approximately 8.3%.