PTC Maintains Market Leadership Position Among PLM Solution Providers in China
7/30/2013 8:15:00 AM
New CIMdata Market Analysis Report Ranks PTC First Overall in Mainstream PLM, First in Aerospace & Defense, First in Electronics& High Tech, and First in cPDM
NEEDHAM, Mass.--(BUSINESS WIRE)--PTC (Nasdaq: PMTC) today 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 just issued, CIMdata 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.
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
This recognition of leadership comes as PTC celebrates 20 years in business in the fast growing China market. CIMdata predicts that the China PLM market will maintain rapid growth. The report indicates that the five-year Compound Annual Growth Rate (CAGR) for calendar years 2013 through 2017 is forecast to be approximately 16.1% and that the 2013 growth rate is
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