CIMdata, Inc., the leading global PLM strategic management consulting and research firm, announces the successful completion of its 2024 PLM Market & Industry Forum series of events. For 2024 the Forums were held as in-person events in North America, EMEA, India, China, and Japan.

CIMdata's PLM Market & Industry Forums are the world's premier event for software and service providers focused on the PLM market and its development and growth. Industry leaders and experts gathered to hear CIMdata's perspective on the state and trends of the PLM market, as well as a detailed discussion of CIMdata's research and viewpoints on the 2023 PLM market results.

CIMdata shared its extensive analysis and forecasts regarding market growth across PLM domains, industries, regions, and the performance (revenue and market share analysis) of leading PLM software and service providers. The theme for 2024 was " Digital Twins: Enhancing Lifecycle Performance."

In addition to a review of the state of the industry, trends, and market numbers, the program included presentations on:

• Digital Twins: Enhancing Lifecycle Performance
• Digital Twins: The Industrial Perspective
• Digital Twins: The PLM Economy Perspective
• Analytics and Artificial Intelligence/Machine Learning
• News from the Field

During the event, CIMdata announced Aras, Autodesk, Dassault Systèmes, IBM, Oracle, PTC, SAP, and Siemens Digital Industries Software as CIMdata PLM Mindshare Leaders for 2024.

Commenting on the PLM market, Christine Longwell, CIMdata's Director of Research, stated, "The PLM market, as estimated by CIMdata, grew by 8.6% in the calendar year 2023, below our forecast. The results were solid, with growth in all PLM segments. The Architecture, Engineering, and Construction (AEC) segment had strong growth overall (13.6%). The EDA segment was close behind at 12.4%, and Simulation and Analysis (S&A) had another strong year at 9%.

She added, "Some economic headwinds will impact the market in 2024. However, the growth drivers for the PLM Economy, Industry 4.0, smart connected products, IoT, and digital transformation remain strong. Finally, PLM on the cloud continues solid adoption."

The PLM Market & Industry Forums provide the PLM Economy with the first look at CIMdata's PLM market estimates. CIMdata releases the complete analysis in its PLM Market Analysis Report Series. For more information, please see www.CIMdata.com.