PLM systems help shorten product development cycles, synchronize product information in real time, reduce risks and costs, improve product quality, and enhance supplier collaboration. More and more manufacturers are implementing or extending their PLM (Product Lifecycle Management System) to enable digital remote collaboration with internal and external members.

2023 China’s PLM software market size will grow to 2.85 billion

9906-619

In 2022, the total size of China’s PLM software market reached 2.49 billion yuan, with an annual growth rate of 17.1%, down 1.2 percentage points from last year’s growth rate. The main influencing factors are the slowdown in the growth of global service providers and the delay in the delivery of some projects under the impact of the epidemic, which is expected to grow to 2.85 billion yuan in 2023.

Data source: IDC, China Business Industry Research Institute

Siemens, Dassault Systemes and PTC slowed down significantly from a high market base, but remained in the top three. Siemens’ market share declined from 20.1% in 2021 to 18.1%. Dassault Systemes declined from 13.7% to 12.6%; PTC decreased from 7.0% to 6.4%. Smart Stone Kai, Kingdee, SPu Software, Suowei Company, Digital Dafang fourth to eighth, accounting for 3.7%, 3.5%, 3.3%, 2.7%, 2.4% respectively.