CIMdata announced the publication of its first Simulation and Analysis Market Analysis Report, a new module of the CIMdata PLM Market Analysis Report (MAR) series. This new report follows the publication of the Simulation and Analysis (S&A) Market Overview Report earlier this year. The report includes a detailed market segmentation, a discussion of trends in the market, revenues of leading solution providers, and revenue analyses for geographical regions, industry sectors, and historical and projected data on market growth. The report also includes profiles of the leading S&A firms.
"CIMdata is pleased to add extended coverage of this important segment to our PLM MAR series. Simulation and analysis has been the fastest growing segment in PLM for the last several years and plays a vital role in product and process innovation. We estimate the segment at just over $4 billion in 2012, and forecast that the S&A market will exceed $7 billion in 2017, with a 11.9 percent CAGR," said Stan Przybylinski, vice president of research at CIMdata.
"Given the drive to digital product definition, end users are placing greater emphasis on simulation for virtual product validation," said Keith Meintjes, leader of CIMdata's Simulation and Analysis Knowledge Council, a group of industrial companies and software and service providers. "The emphasis on up-front simulation-driven design is resulting in improved capabilities for multi-physics trade studies, optimization, and geometry and topology synthesis. Web and cloud deployment models have the potential to greatly democratize the use of simulation for many more users in smaller companies."
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Sources: Press materials received from the company and additional information gleaned from the company's website.