PTC ranked market leader in PLM solution providers in China

Bangalore, August 2, 2013: PTC has announced that it has been ranked a leading provider of product lifecycle management (PLM) solutions in China by independent global PLM strategic management consulting and research firm CIMdata, Inc.

In its 2013 China PLM Market Report, CIMdata has identified PTC as the clear market leader in four categories: Mainstream PLM and collaborative Product Definition management (cPDM), as well as the Aerospace & Defense and Electronics & High Tech vertical industries.

PTC has been in China since the past 20 years. CIMdata predicts that the China PLM market will maintain rapid growth -- the five-year Compound Annual Growth Rate (CAGR) for calendar years 2013 through 2017 is forecast to be approximately 16.1 percent while the 2013 growth rate is forecast to be 16.2 percent.

"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 PLM market repeatedly has outpaced the growth of the global PLM market as Chinese manufacturers focus on product innovation as a means of differentiation. These companies deploy PLM as a means to promote collaboration, automate and manage processes, and capture best practices. PTC has established itself as a strong presence in the market and is well positioned to take advantage of market opportunities."

PTC has seen much success of its PTC Windchill family of PLM solutions, which enable manufacturers to do more throughout the product lifecycle, know more about product performance, and get more value from their PLM investment. PTC’s solutions help customers transform the way they create and service products across the entire product lifecycle – from conception and design to sourcing and service.

"We are committed to helping our customers in China achieve product and service advantage in a highly competitive market by providing them with world-class technology, professional services and personal support," said Richard Shou, DVP, president of PTC China, PTC.