PART2

Domestic software research and development expenditure has increased significantly

Cloud PLM is an important trend in the future

According to the National Bureau of Statistics, China’s research and development (R&D) expenditure in 2021 will reach RMB27,86.4 billion, ranking second in the world in total and increasing by 14.2% over the previous year. As China moves forward from a manufacturing power to a manufacturing power, manufacturing research and development funds will continue to grow, and industrial software for design and development is an important support for research and development of manufacturing enterprises.

1756-OB16IS

According to the report, the seven core industrial software (including CAD, CAE and PLM) manufacturers of manufacturing design and development by 2021 include Ansys, Dassault Systemes, Autotable, PTC, Suzhou Haochen, Siemens, and Zhongwang Software (sorted by the first word Pinyin), and the top four occupy nearly half of the market share. Moreover, local Chinese manufacturers account for 21% of the market share, which has increased significantly in recent years.

IDC Global research shows that 78% of manufacturing users have deployed cloud-based PLM, and this figure is not high in the Chinese market. The core of PLM is collaboration, and cloud PLM can significantly enhance the efficiency of collaboration in all aspects of product design, development, manufacturing, and service while reducing IT expenses. Cloud PLM is an important trend in the future, but traditionally deployed PLM is still the first choice for some industries and customers, and data security is the main obstacle preventing industry customers from choosing cloud PLM.