The global consulting and research firm’s report noted that PLM spending is greatest in automotive and other transportation, fabrication and assembly, electronics and telecommunications, and aerospace and defense. It is lower in the process industries and utilities arena.
The report added that there are some good process PLM solutions available, and they are becoming more important with concerns about food safety, particularly in emerging economies. Growth in PLM for medical devices, part of the high-tech sector, is driven by stringent compliance requirements that can vary by country, something that PLM strategies and enabling solutions can address.
During 2015, comprehensive providers continued to expand their efforts to deliver more industry-focused and functionally-packaged solutions that are easier and less expensive to acquire and deploy.
“The global PLM market grew strongly in constant currencies in 2015,” says Stan Przybylinski, its VP of Research. “The leading PLM solution providers are consolidating their portfolios after years of acquisitions, and increasing revenues in 2015, in part, by expanding their footprint at their existing clients”. The CIMdata PLM Industry Analysis Report, is the fourth of five modules of the CIMdata 2016 PLM Market Analysis Report Series by the company.
At The Beginning...
PLM may be around longer than you think, and its origin is found in the automobile industry.
In 1985, automaker American Motors Corporation laid the foundations for the inspiration for the strategic business approach of PLM when it was looking for a way to accelerate the process of its Jeep Grand Cherokee production so as to better compete with their competitors.
Using a PLM model they came up with, designs, drawings and documents which were stored in a central database that was accessible to all the departments involved.
Issues could thus be resolved faster and the costs of engineering changes could be greatly reduced.
While today’s concept of PLM has vastly taken on a more advanced understanding, what American Motors did in 1985 changed the engineering aspect of a product.
APMEN Sept 2016, Features
