PTC (Nasdaq: PMTC), today announced that it has been ranked a leading PLM solution provider in China by independent global PLM strategic management consulting and research firm CIMdata, Inc. For the third year running, PTC was named the #1 provider in the collaborative Product Definition management (cPDm) market segment. The research also showed that PTC was the #1 provider of PLM solutions for the A&D and High-tech industries for the third consecutive year.
The recent “2012 China PLM Market Analysis Report” describes the PLM market in China, which experienced a growth rate of 22.4% in 2011 and is projected to grow at a rate of 16.1% through 2016, to $1.35 billion. In terms of PLM spending, A&D is the largest and fastest growing industry sector in the China PLM market.
“PTC continues to experience success in the China market due to the strength of its PLM offerings and its ongoing investment in the rapidly growing Chinese market,” said Peter Bilello, President, CIMdata. “The China mainstream PLM market has repeatedly outpaced the growth of the global PLM market as Chinese manufacturers are paying more and more attention to product innovation and are fast improving their own R&D capabilities and processes by deploying PLM. PTC has established itself as a strong presence in the market and is well positioned to take advantage of market opportunities.”
PTC’s #1 ranking in the cPDm market segment reflects the success of its Windchill ® family of product lifecycle management (PLM) solutions that enable manufacturers to do more throughout the product lifecycle, know more about product performance, and get more value from their PLM investment. The company’s technology solutions help customers transform the way they create and service products across the entire product lifecycle – from conception and design to sourcing and service.“PTC has worked hard to establish a strong foundation in China and we are excited to be recognized as one of China’s leading PLM solution providers by CIMdata,” said Robert Kocis, senior divisional vice president of Asia Pacific Sales and Distribution, PTC. “We are committed to helping our customers in China solve their product development challenges and achieve product and service advantage in a highly competitive market by providing them with superior technology, services and support.”