SOFTWARE PLM strategies move manufacturers ahead with much improved simulations
PLM paves the way for innovations inside factories
Patrick Waurzyniak Senior Editor
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he need for speed in prod- uct-development programs has never been greater. With shrinking product-de- velopment windows, manu- facturers demand product
lifecycle management (PLM) software that delivers the best, fastest methods of creating product designs and building products while ensuring top-notch fea- tures and quality. In recent years, the PLM systems from major software developers have been deemed difficult to use and expensive, with the most-effective PLM implementations deployed predominantly in aerospace and defense. But with the demands of PLM us- ers in major industries, and the rise of new Industrial Internet of Things (IIoT) applica- tions, PLM is being redefined and changing. The market for PLM grew to $38.7 billion
overall in 2015, a 2.8% growth over 2014, Stan Przybylinski, CIMdata’s VP of research said. “When looked at in constant curren- cies, that growth rate would be 8.2% over
2014,” he said. “Most of the PLM market leaders had strong growth in constant cur- rencies, and all continued to make strategic acquisitions to expand their portfolios and, in some cases, to enter new markets. Look- ing toward 2020, CIMdata forecasts the PLM market to grow at a compound annual growth rate of 6.3%, to $52.3 billion.” Companies make PLM investments in
many different areas and with many types of solutions, including mechanical CAD, simula- tion and analysis, visualization and collabora- tion, building design, and others, Przybylinski said. “This diversity is reflected in the many different solution providers to the PLM mar-
The new Simcenter simulation portfolio from Siemens PLM Software combines multiphysics simula- tions and physical testing with intelligent reporting and data analytics to produce digital twins for pre- dicting product per- formance throughout all states of product development.
Fall 2016
Photo courtesy Siemens PLM Software.
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