PTC Named a Top Solution Provider in China's Rapidly Growing PLM Market by Leading Industry Analyst Firm CIMdata
2012 China PLM Market Analysis Report Ranks PTC First in Direct Revenue for cPDm for Third Consecutive Year
NEEDHAM, Mass.--(BUSINESS WIRE)-- PTC (Nasdaq: PMTC), today announced that it has been ranked a leading PLM solution provider in China by independent global PLM strategic management consulting and research firm CIMdata, Inc. For the third year running, PTC was named the #1 provider in the collaborative Product Definition management (cPDm) market segment. The research also showed that PTC was the #1 provider of PLM solutions for the A&D and High-tech industries for the third consecutive year.
The recent 2012 China PLM Market Analysis Report describes the PLM market in China, which experienced a growth rate of 22.4% in 2011 and is projected to grow at a rate of 16.1% through 2016, to $1.35 billion. In terms of PLM spending, 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 mainstream PLM market has repeatedly outpaced the growth of the global PLM market as Chinese manufacturers are paying more and more attention to product innovation and are fast improving their own R&D capabilities and processes by deploying PLM. PTC has established itself as a strong presence in the market and is well positioned to take advantage of market opportunities.
PTCs #1 ranking in the cPDm market segment reflects the success of its Windchill® family of product lifecycle management (PLM) solutions that enable manufacturers to do more throughout the product lifecycle, know more about product performance, and get more value from their PLM investment. The companys technology solutions help customers transform the way they create and service products across the entire product lifecycle from conception and design to sourcing and service.
PTC has worked hard to establish a strong foundation in China and we are excited to be recognized as one of Chinas leading PLM solution providers by CIMdata, said Robert Kocis, senior divisional vice president of Asia Pacific Sales and Distribution, PTC. We are committed to helping our customers in China solve their product development challenges and achieve product and service advantage in a highly competitive market by providing them with superior technology, services and support.
CIMdatas 2012 China PLM Market Analysis Report provides detailed information and in-depth analysis on the rapidly-evolving Mainstream Product Lifecycle Management (PLM) market in the Peoples Republic of China (China) in calendar year 2011. CIMdata defines the Mainstream PLM market to include the following segments: mechanical computer-aided design (MCAD), simulation and analysis (S&A), collaborative Product Definition management (cPDm), numerical control (NC) and computer-aided machining (CAM), systems integrators/VARs/resellers, and digital manufacturing. 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.
- PTCs Product Information Lifecycle Management (PLM) Resource Center (web site)
- CIMdata 2012 Market Analysis Report Series: China PLM Market Analysis Report (report)
PTC (Nasdaq: PMTC) enables manufacturers to achieve sustained product and service advantage. The companys technology solutions help customers transform the way they create and service products 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.
PTCs revenues or market share in China in prior periods are not necessarily indicative of revenues or market share in future periods.
PTC and the PTC logo are trademarks or registered trademarks of Parametric Technology Corporation (PMTC) or its subsidiaries in the United States and other countries.
Penny Zhou, +86 10-8587-3250
Source: PTCCopyright Business Wire 2012