A new report identifies PTC as the Leading Industry Provider of PLM in Aerospace and Defense, for the second year in a row, by CIMdata.
July 27, 2016 – The leading global PLM strategic management consulting and research firm remains, PTC. TriStar is grateful to be a part of the leading provider of Product Lifecycle Management (PLM) collaboration software to aerospace and defense (A&D) manufacturers.
Stan Przybylinski, Vice President of Research, CIMdata reported: “Based on CIMdata’s research, PTC once again leads the industry in cPDm solutions within the Aerospace & Defense market with its PTC Windchill portfolio. Its smart, connected solutions have been greatly enhanced with the addition of ThingWorx technology, which helps PTC’s customers use the Internet of Things to enable Product Lifecycle Management that truly spans the lifecycle from idea to use in the field, and can leverage that operational intelligence to improve future products.”
The report forecasts the PLM market to reach $52.3 billion by 2020, with digital manufacturing growing to $886 million over the same five-year period. In early adopting industries like aerospace, there is continued opportunity among large companies to update or replace aging implementations.
Globally, A&D manufacturers view investment in PLM Strategies and Technologies as a key means to:
- Drive efficiency
- Simplify product development initiatives
- Implement ways to modernize their technology infrastructures
- Up-level business processes to meet rising market demand
And, A&D is not the only industry benefiting from PLM Solutions!
Kevin Wrenn, divisional general manager, PLM segment, PTC: “We’re honored to once again receive this validation from CIMdata, and we continue to commit to the success of the A&D industry by providing high-quality, market-leading solutions.“
PTC was the first to offer PLM software for the Internet of Things (IoT) era.
Per CIMdata findings, Windchill is enabled by PTC ThingWorx to integrate data from physical products, web-based resources, and enterprise software systems to deliver outstanding access, insight, and value in a modern and easily consumable user experience. Windchill closes the ‘lifecycle’ loop with IoT data captured in real time during the operation of physical products, providing powerful value and insight for A&D manufacturers.
Originally published as part of the CIMdata 2016 Market Analysis Report (MAR) Series. The MAR Series provides detailed information and in-depth analysis on the worldwide PLM market during 2015. It contains analyses of major trends and issues; revenues of leading PLM solution providers; and revenue analyses for geographic regions, industry sectors, and historical and projected data on market growth.