CIMdata PLM Industry Summary Online Archive
17 January 2007
CIMdata News
CIMdata Announces its 2007 PLM Vendor Forum Program: "PLM Matures: The community's strategy for success"
Consulting and research firm CIMdata, Inc. announces its 2007 PLM Vendor Forum schedule and program. These international one-day events will be held in Detroit, Michigan, USA on March 29th, in Stuttgart, Germany on April 19th, and in Tokyo, Japan on April 25th, 2007.
CIMdata's 2007 PLM Vendor Forum, whose theme is "PLM Matures: The community's strategy for success", will provide a focused review of challenges and opportunities that the maturing PLM market and its continued expansion creates for suppliers, along with a discussion of effective strategies for success in this rapidly-evolving market. As always, CIMdata's perspective on the state of the PLM market and trends will be reviewed in detail, as well as the first public exposure to CIMdata's analysis of the PLM market through 2006 and early 2007. This includes statistics regarding market growth across industries and regions, and the performance (revenue and market share analysis) of leading PLM solution providers. CIMdata's 2007 PLM Vendor Forum will provide a solid background for suppliers who want to both better understand the market trends and benefit from them. For detailed agenda and registration information, go to CIMdata 2007 Vendor Forum.
Commenting on the state of the PLM Market, Mr. Ken Amann, CIMdata Director of Research explained, "The market is now recognized as a major enterprise-solution opportunity. The consolidation among major market suppliers of PLM solutions is an indication of the scale and attractiveness of the opportunity." He added that increasing focus is being given to leveraging the basic PLM investment in a variety of different way. "For example," Mr. Amann said, "Within the industries that have traditionally invested in PLM, new niche offerings that expand the scope and value of PLM solutions are being developed. Industries that have not traditionally invested in PLM are gaining an appreciation of its potential value and are encouraging the development of solutions that address their specific needs." While this PLM expansion reinforces the maturing of the base market, it nevertheless highlights the tremendous potential that remains.
Today's PLM market situation creates a challenging environment for suppliers of PLM-related methods, technologies, and services. Mr. Amann recommended that, "To be successful, suppliers must clearly understand and articulate their focus and differentiation, and establish the right mix of partner relationships to enable effective market support." He explained that consolidation among major high-end "core" PLM suppliers has increased the intensity of competition between them as they seek to enhance the depth and the breadth of their offerings and their transition to enterprise-focused solution providers. Mr. Amann added. "Expansion into new industries has created opportunities for new software suppliers as well as industry-focused services forms; niche-focused offerings from new competitors continue to expand the PLM solution footprint; and major computing infrastructure suppliers drive even harder to position themselves as an integral component of PLM strategies. All of these market dynamics encourage ever more partnering relationships among suppliers."
What is PLM?
PLM is a strategic approach that applies a consistent set of business solutions in support of the collaborative creation, management, dissemination, and use of product definition information. It spans the extended enterprise from product concept to end-of-life-integrating people, processes, business systems, and information. Leading solution providers recognize the importance of PLM to business, and major industrial firms are already reaping significant benefits from their PLM implementations, in sectors ranging from aerospace and automotive to consumer packaged goods and petrochemical.
PLM ties together design, manufacturing, field service, purchasing, marketing, suppliers, customers, and other organizations and disciplines throughout extended intercompany supply chains. PLM allows companies to maximize their investment in resources, supply chain participants, and current and future IT technologies. It enables companies to unleash their past investments in multiple IT solutions, while maximizing their return-on-investment.
Become a member of the CIMdata PLM Community to receive your daily PLM news and much more.
Tell us what you think of the CIMdata Newsletter. Send your feedback.
CIMdata is committed to your privacy. Your personal information will never be sold or shared outside of CIMdata without your express permission.