PTC Named As China's #1 PLM Solution Supplier for Second Consecutive Year By Leading Industry Analyst Firm

CIMdata’s 2011 China PLM Market Analysis Report Ranks PTC First in Direct Revenue for Mainstream PLM, cPDm and MCAD-DF

NEEDHAM, Mass. & BEIJING — (BUSINESS WIRE) — October 20, 2011PTC (Nasdaq: PMTC), The Product Development Company®, today announced that for the second year in a row it has been ranked as the market share leader for mainstream PLM in China based on 2010 direct revenue according to leading independent global PLM management consulting and research firm CIMdata, Inc. This recognition, based on in-depth data and analysis of the PLM market in China, is detailed in CIMdata’s 2011 China PLM Market Analysis Report.

The CIMdata report recognizes PTC as the top PLM supplier by direct revenue in China with its direct PLM revenues of $70 million USD in 2010 and as the supplier with the largest share by revenue (25.5%) of the collaborative Product Definition management (cPDm) market segment in 2010. PTC was also named the leading supplier of design-focused MCAD with a 27.9% share by revenue for 2010.

“PTC’s success in the China market reflects the strength of its PLM solutions and their broad adoption in one of the world’s fastest growing markets,” said Peter Bilello, President, CIMdata. “PTC has a strong position in the Aerospace and the High-Tech industries, having won several contracts from large Chinese aircraft projects while growing its business in other key industries.”

“It’s gratifying to be ranked for the second year as one of China’s leading PLM solution providers by CIMdata,” said Liu Tong Long, senior vice president, PTC, China, “PTC has been investing in the development of its business in China for many years and is committed to delivering leading product lifecycle management solutions that enable our China customers achieve success in their product development initiatives.”

The CIMdata report provides detailed information and in-depth analysis of China’s “Mainstream PLM” market, which continues to outpace the growth of the global PLM market. CIMdata defines mainstream PLM as the subsectors of the PLM market that have traditionally been addressed by the major PLM solution suppliers. Some of these subsectors include collaborative Product Definition management (cPDm), mechanical computer aided design (CAD), engineering simulation and analysis, and digital manufacturing. The report additionally shares insight into trends and PLM market dynamics within the region along with the revenue performance of the leading PLM solution suppliers operating within China.

Additional Resources

About PTC

PTC (Nasdaq: PMTC), The Product Development Company®, develops, markets and supports product development software solutions and related services that help companies achieve their product development strategies and optimize their processes. Using the company’s tightly integrated CAD and enterprise PLM solutions, organizations are better able to create and manage product information throughout the lifecycle for optimal product development success. More information may be found at www.ptc.com.

Follow us on Twitter - Watch us on YouTube - Connect with us on Linked In Visit us on Facebook

PTC’s revenues or market share in China in prior periods are not necessarily indicative of revenues or market share in future periods.

PTC, the PTC logo, and The Product Development Company are trademarks or registered trademarks of Parametric Technology Corporation and/or its subsidiaries in the United States and other countries.



Contact:

PTC
Penny Zhou, +86 10-8587-3250
Corporate Communications
Email Contact
or
For PTC
Weber Shandwick
Kristen Georgian, 617-520-7042
Email Contact




Review Article Be the first to review this article
Rand3D

IMTS 2018 Register Now>>

Featured Video
Jobs
Mechanical Engineer for Allen & Shariff Corporation at Pittsburgh, Pennsylvania
Mid-Level Mechanical Engineer for Kiewit at lenexa, Kansas
GIS Data Analyst for CostQuest Associates, Inc. at Cincinnati, Ohio
Upcoming Events
29th Design Engineering & Manufacturing Solutions Expo (DMS) at Tokyo Big Sight 3-11-1 Ariake, Koto-ku Tokyo Japan - Jun 20 - 22, 2018
ACMEE 2018 at Chennai Trade Centre Mount Poonamallee Road, Nandambakkam Chennai India - Jun 21 - 25, 2018
Inside 3D Printing Seoul 2018 at Korea International Exhibition Center (KINTEX), Hall 5 408 Hallyuworld-ro, Ilsanseo-gu, Goyang-si, Gyeonggi-do Goyang Korea (South) - Jun 27 - 29, 2018
Kenesto: 30 day trial



Internet Business Systems © 2018 Internet Business Systems, Inc.
25 North 14th Steet, Suite 710, San Jose, CA 95112
+1 (408) 882-6554 — Contact Us, or visit our other sites:
AECCafe - Architectural Design and Engineering EDACafe - Electronic Design Automation GISCafe - Geographical Information Services TechJobsCafe - Technical Jobs and Resumes ShareCG - Share Computer Graphic (CG) Animation, 3D Art and 3D Models
  Privacy PolicyAdvertise