CIMdata, a product lifecycle management (PLM) research and strategic management consulting firm, has released its Simulation and Analysis (S&A) Market Analysis Report.
The report provides information and analysis on the worldwide PLM market during 2013, major trends and issues, revenues of leading PLM providers and revenue analysis for geographical region. The 57-page report also includes over 30 tables of charts and data detailing the market in a variety of dimensions.
S&A revenues grew to just over $4.3 billion in 2013. This reflects the importance of simulation and analysis as part of product development. CIMdata expects the market will be rapidly growing over the next five years, and it will exceed $6.2 billion in 2018.
“Simulation and Analysis is being transformed from a tool that has been the analog of physical test for design validation to an essential capability for up-front product definition verification,” said Keith Meintjes, practice manager for simulation and analysis at CIMdata. “Vendors are responding by rounding out their portfolios with acquisitions and alliances for systems engineering, simulation, materials properties, topology optimization, multiphysics, and other areas of systems design and analysis.”
A copy of the report can be purchased online.
For more information, visit CIMdata.
Sources: Press materials received from the company and additional information gleaned from the company’s website.