Top 10 PLM and Engineering Software Vendors, Market Size and Market Forecast 2019-2024

Worldwide PLM and Engineering Applications Market to reach $21 billion by 2024, compared with $20.3 billion in 2019 at a compound annual growth rate of 0.8%.

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In 2019, the top 10 Product LifeCycle Management and Engineering software vendors accounted for nearly 80.5% of the global Product LifeCycle Management and Engineering applications market which grew 1.6% to approach nearly $20.3 billion in PLM and Engineering license, maintenance and subscription revenues.

Last year Dassault Systemes led the pack with a 16.5% market share riding on a 2.2% jump in PLM and Engineering license, maintenance and subscription revenues. Autodesk was #2, followed by, Siemens PLM Software, Synopsys and Ansys Inc.

We ask the simple question: Who’s buying PLM applications from whom and why? And we provide the answers – supported by decades of research – to our clients around the world. (Sample from our Apps Database)

2019 PLM and Engineering Applications Market Shares
Exhibit 1 – 2019 PLM and Engineering Applications Market Shares Split By Top 10 PLM and Engineering Vendors and Others

Through our forecast period, the PLM and Engineering applications market size is expected to reach $21 billion by 2024, compared with $20.3 billion in 2019 at a compound annual growth rate of 1.1%.

Exhibit 2: Worldwide PLM and Engineering Software Market 2019-2024 Forecast, $M
Year201920242019-2024 CAGR, %
Total20264210400.8%

Source: Apps Run The World, November 2020

Top 10 PLM and Engineering Software Vendors

Product Lifecycle Management applications enable key stakeholders including designers, engineers and OEMs to gain and optimize visibility into the entire product life cycle from idea generation to collaboration and from product data management to iterative development efforts. PLM applications are considered a derivative market with revenue contribution to functional areas such as Project and Portfolio Management, Enterprise Resource Planning and Manufacturing.

Consolidation wave propels Dassault to new heights, while other incumbents are in search of new business models through subscription pricing.

Here are the rankings of the top 10 PLM and Engineering software vendors and their market shares in 2019.

RankVendor2018 PLM & Engineering Apps Revenues, $M2019 PLM & Engineering Apps Revenues, $MYoY Growth2019 PLM & Engineering Market Share, %Recent Developments
1Dassault Systemes Subscribe Subscribe2.2% SubscribeIn October 2019 Dassault Systèmes has acquired Medidata Solutions whose clinical expertise and cloud-based solutions power the smarter development and commercialization of treatments. The acquisition positions Dassault Systèmes to lead the digital transformation of life sciences .Dassault also picked up IQMS for its manufacturing ERP apps.
2Autodesk Subscribe Subscribe21.2% SubscribeIn August 2020 Autodesk acquired Pype and its portfolio of cloud-based software solutions for the construction industry. Autodesk plans to integrate Pype within its Autodesk Construction Cloud portfolio, which encompasses best-in-class solutions Assemble, BIM 360, BuildingConnected and PlanGrid.
3Siemens PLM Software Subscribe Subscribe3.3% SubscribeAs part of its Vision 2020, Siemens is acquiring CD-adapco and sharpening its focus on growth in digital business and expanding its portfolio in the area of industry software. CD-adapco will be integrated into the PLM software business of Siemens’ Digital Factory (DF) Division. Siemens acquired Mentor Graphics in 2017.
4Synopsys Subscribe Subscribe7.7% SubscribeIn Jnauary 2020, Synopsys acquired Tinfoil Security, a provider of dynamic application security testing (DAST) and application programming interface (API) testing. Earlier, Synopsys acquired QTronic GmbH for its simulation, test tools, and services for automotive industry.
5Ansys Inc. Subscribe Subscribe13.2% SubscribeIn March 2020, Ansys has acquired Lumerical Inc., a developer of photonic design and simulation tools. The acquisition will add best-in-class photonics products to the Ansys multiphysics portfolio, providing customers with a full set of solutions to solve their next-generation product challenges.
6Cadence Design Systems Subscribe Subscribe9.3% SubscribeIn August 2020 Cadence Design Systems introduced the Cadence XceliumTM Logic Simulator, enhanced with machine learning technology (ML), called Xcelium ML, to increase verification throughput. Using new machine learning technology and core computational software, Xcelium ML enables up to 5X faster verification closure on randomized regressions.
7Hexagon Subscribe Subscribe2.8% SubscribeIn August 2020 Hexagon acquired TACTICAWARE a provider of LiDAR-based 3D surveillance software used to monitor and protect critical infrastructure and buildings – from powerplants and airports to commercial and residential buildings and more.
8PTC Subscribe Subscribe5.1% SubscribeIn November 2019 PTC acquired Onshape, developer of the Onshape Software as a Service (SaaS) product development platform that unites robust computer-aided design (CAD) software with powerful data management and collaboration tools. The acquisition positions PTC to capitalize on the inevitable industry transition to SaaS.
9Mentor, a Siemens Business Subscribe Subscribe5.6% SubscribeIn January 2020, Siemens’ Capital software electrical design product for its automotive aftersales documentation has been selected by Groupe PSA, the second largest car manufacturer in Europe. Mentor is now part of Siemens’ product lifecycle management (PLM) software business.
10AVEVA Group Subscribe Subscribe7.2% SubscribeIn February 2020 Aveva launched AVEVA E3D design software that addresses the specific needs of the marine sector.
Subtotal Subscribe Subscribe7.6% Subscribe
Other Subscribe Subscribe-17.5% Subscribe
Total Subscribe Subscribe1.6% Subscribe

Source: Apps Run The World, November 2020

Other PLM and Engineering software providers included in the report are: abas Business Software, ABB, Altair Engineering, Aptos, Arena Solutions, Aspen Technology, Bentley Systems, Corel Corporation, Gerber Technology, HCL Technologies Ltd., Honeywell International, Emerging Technologies, IDBS, IFS, Ignite Technologies, Intelex Technologies, Johnson Controls, KBC Advanced Technologies, Kingdee, Landmark, Microsoft, Oracle, Planon, RIB Software SE, Rockwell Automation, Roper Technologies, SAP, Schlumberger Software, Schrodinger, Shell Global Solutions International BV, Sopheon, Thinkstep, TopSolid, Trace One, Trimble, and many others.

Custom data cuts related to the PLM and Engineering Applications market are available:

  • Top 50+ PLM and Engineering Applications Vendors and Market Forecast 2019-2024
  • 2019 PLM and Engineering Applications Market By Industry (21 Verticals)
  • 2019 PLM and Engineering Applications Market By Functional Market (16 Markets)
  • 2019 PLM and Engineering Applications Market By Country (USA + 45 countries)
  • 2019 PLM and Engineering Applications Market By Region (Americas, EMEA, APAC)
  • 2019 PLM and Engineering Applications Market By Revenue Type (License, Services, Hardware, Support and Maintenance, Cloud)
  • 2019 PLM Applications Market By Customer Size (revenue, employee count, asset)
  • 2019 PLM and Engineering Applications Market By Channel (Direct vs Direct)
  • 2019 PLM and Engineering Applications Market By Product

Exhibit 4 shows the enterprise applications market by functional area. The highest growth functional markets revolve around smaller segments like eCommerce, Enterprise Performance Management, Sales Performance Management and Treasury and Risk, where first movers remain less established than those that for decades have been entrenched in functional areas like ERP, CRM and PLM.

Worldwide Enterprise Applications Market Forecast 2019-2024, By Functional Market, $M
Exhibit 4 – Worldwide Enterprise Applications Market Forecast 2019-2024, By Functional Market, $M

PLM and Engineering Win/Loss Analysis As Part Of Enterprise Applications Buyer Insight Customer Database

On the buyer side, customers are investing in Product LifeCycle Management and Engineering systems based on new features and capabilities that are expected to replace their existing legacy systems. In many cases, competitive upgrades and replacements that could have a profound impact on future market-share changes will become more widespread.

Since 2010, our global team of researchers have been studying the patterns of the latest PLM software purchases by customers around the world, aggregating massive amounts of data points that form the basis of our forecast assumptions and perhaps the rise and fall of certain vendors and their products on a quarterly basis.

Updated continuously, our database features extensive win/loss analysis. Each year our research team identifies tens of thousands of these customer wins and losses from public and proprietary sources.

The research results are being incorporated into regular updates in our Enterprise Applications Buyer Insight Customer Database. You can access the Quarterly Win/Loss Analysis Scoreboard and our Enterprise Applications Buyer Insight Customer Database by becoming a subscriber.

CustomerIndustryEmpl.RevenueCountryVendorNew Product
D-Wave SystemsProfessional Services200$20.0MCanadaAnsysANSYS Enterprise Cloud
General ElectricUtility305000$117.40BUnited StatesAnsysANSYS Enterprise Cloud
NuScale PowerOil and Gas600$38.0MUnited StatesAnsysANSYS Enterprise Cloud
OrecaRetail200$50.0MFranceAnsysANSYS Enterprise Cloud
Red Bull RacingLeisure and Hospitality605$2.85BUnited KingdomAnsysANSYS Enterprise Cloud
SolarflareProfessional Services212$263.0MUnited StatesAnsysANSYS Enterprise Cloud
BMW GroupAutomotive129932$113.22BGermanyArasAras PLM Platform
DrägerLife Sciences11290$2.50BGermanyArasAras PLM Platform
Parata SystemsHealthcare400$50.0MUnited StatesArasAras PLM Platform
BestopAutomotive650$120.0MUnited StatesAutodeskAutodesk Fusion Lifecycle
Club WConsumer Packaged Goods120$20.0MUnited StatesAutodeskAutodesk Fusion Lifecycle
Dental Manufacturing UnitRetail200$20.0MAustriaAutodeskAutodesk Fusion Lifecycle
ExcellimsLife Sciences55$6.0MUnited StatesAutodeskAutodesk Fusion Lifecycle
SwivlProfessional Services80$10.0MUnited StatesAutodeskAutodesk Fusion Lifecycle
TaylorMade GolfConsumer Packaged Goods53731$14.49BUnited KingdomAutodeskAutodesk Fusion Lifecycle
Cypress SemiconductorProfessional Services6279$1.82BUnited StatesCadence Design SystemsCadence EDA in the Cloud
HisiliconRetail1100$550.0MChinaCadence Design SystemsCadence EDA in the Cloud
TezzaronProfessional Services160$26.0MUnited StatesCadence Design SystemsCadence EDA in the Cloud
ToshibaRetail200000$66.56BJapanCadence Design SystemsCadence EDA in the Cloud
Elixir AircraftAerospace and Defense30$5.0MFranceDassault SystemesDassault Enovia PLM
Faraday FutureProfessional Services750$240.0MUnited StatesDassault SystemesDassault Enovia PLM
Forum Energy TechnologiesOil and Gas2500$885.0MUnited StatesDassault SystemesDassault Enovia PLM
NetsourceProfessional Services80$20.0MUnited KingdomDassault SystemesDassault Enovia PLM
Safran Transmission SystemsAerospace and Defense1350$540.0MFranceDassault SystemesDassault Enovia PLM
WestRockConsumer Packaged Goods41400$13.79BUnited StatesDassault SystemesDassault Enovia PLM
General MotorsAutomotive216000$152.36BUnited StatesMentor GraphicsHyperLynx SI
San’an ICProfessional Services1000$100.0MChinaMentor GraphicsHyperLynx SI
Terminus TechnologyProfessional Services150$15.0MTaiwanMentor GraphicsHyperLynx SI
The Sentral Group100$29.0MUnited StatesMentor GraphicsHyperLynx SI
The Nature ConservancyNon Profit3600$950.0MUnited StatesMicrosoftAzure Machine Learning
AppleProfessional Services132000$233.12BUnited StatesOracleOracle Agile PLM
ARRISCommunication8520$5.30BUnited StatesOracleOracle Agile PLM
MedtronicHealthcare86000$30.00BIrelandOracleOracle Agile PLM
NXP SemiconductorsRetail42000$6.10BNetherlandsOracleOracle Agile PLM
Smiths MedicalLife Sciences7500$2.90BUnited StatesOracleOracle Agile PLM
Vicon IndustriesProfessional Services148$45.0MUnited StatesOracleOracle Agile PLM
Aerojet RocketdyneAerospace and Defense5070$1.70BUnited StatesPTCPTC FlexPLM
Arrows UpConsumer Packaged Goods25$3.0MUnited StatesPTCPTC FlexPLM
BMW GroupAutomotive129932$113.22BGermanyPTCThingWorx Navigate
BMW GroupAutomotive129932$113.22BGermanyPTCPTC Windchill
Clas OhlsonRetail5000$8.21BSwedenPTCPTC FlexPLM
HasbroMedia5200$4.20BUnited StatesPTCPTC FlexPLM
Hunter Fan CompanyConsumer Packaged Goods450$150.0MUnited StatesPTCPTC FlexPLM
Percall Développement SASProfessional Services220$35.0MFrancePTCPTC FlexPLM
Sinfonia Technology Co., LtdManufacturing3700$90.0MJapanPTCPTC Windchill
Staples SolutionsRetail61500$20.22BUnited StatesPTCPTC FlexPLM
Applied MedicalLife Sciences2200$900.0MUnited StatesSAPSAP Product Lifecycle Management
Arctic WindProfessional services20$12.0MNorwaySAPSAP Leonardo
Blue Cross Blue Shield AssociationHealthcare8100$2.42BUnited StatesSAPSAP Product Lifecycle Management
DanoneConsumer Packaged Goods102400$20.90BFranceSAPSAP Product Lifecycle Management
HCL TechnologiesProfessional Services6000$3.50BUnited KingdomSAPSAP Product Lifecycle Management
Rockwell AutomationProfessional Services22500$6.05BUnited StatesSAPSAP Product Lifecycle Management
SeverstalUtility50000$5.92BRussiaSAPSAP Leonardo
StaraConsumer Packaged Goods1150$230.0MBrazilSAPSAP Leonardo
TennantProfessional services4300$1.00BUnited StatesSAPSAP Product Lifecycle Management
ArianeGroupAerospace and Defense9000$3.47BFranceSiemens PLM SoftwareSiemens Teamcenter
Biesse GroupManufacturing4100$790.0MItalySiemens PLM SoftwareSiemens Teamcenter
Blohm + Voss GmbHConstruction and Real Estate1600$700.0MGermanySiemens PLM SoftwareSiemens Teamcenter
China Precision Machinery Import-ExportConstruction and Real Estate100$10.0MChinaSiemens PLM SoftwareSiemens Teamcenter
Dongbu Daewoo ElectronicsRetail250000$10.50BKoreaSiemens PLM SoftwareSiemens Teamcenter
Ferretti GroupManufacturing2000$623.0MItalySiemens PLM SoftwareSiemens NX
Ferretti GroupManufacturing2000$623.0MItalySiemens PLM SoftwareSiemens Teamcenter
GestampAutomotive33000$6.20BSpainSiemens PLM SoftwareSiemens Teamcenter
Jet AviationTransportation4500$1.20BSwitzerlandSiemens PLM SoftwareSiemens Teamcenter
Randon ImplementosAutomotive7000$1.90BBrazilSiemens PLM SoftwareSiemens Teamcenter
Turkish Aerospace IndustriesAerospace and Defense5254$1.00BTurkeySiemens PLM SoftwareSiemens Teamcenter
Axell CorporationProfessional Services30$10.0MJapanSynopsysSynopsys DesignWare IP Solutions
Baikal ElectronicsProfessional Services80$10.0MRussiaSynopsysSynopsys DesignWare IP Solutions
iCatch TechnologyProfessional Services230$35.0MTaiwanSynopsysSynopsys DesignWare IP Solutions

Source: Apps Run The World, November 2020

Further Readings

An expanded version of this report covers the top 50+ Product LifeCycle Management and Engineering Software Vendors, offering in-depth analysis of the market dynamics, vendors’ Strengths, Customers, Opportunities, Risks and Ecosystems as well as their ability to gain Shares (SCORES) within their respective space.

We also offer win-loss analysis of the quarterly wins of these top vendors and whether incumbents and upstarts pose any real threat to their standing amid shifting market requirements and user preferences.

More Enterprise Applications Research Findings

Based on the latest annual survey of 3,000+ enterprise software vendors, Apps Run The World is releasing a number of dedicated reports, which profile the world’s 500 largest Enterprise Applications Vendors (Apps Top 500) and the world’s 500 largest Cloud Applications Vendors (Cloud Top 500) ranked by their 2015-2019 product revenues.

Their 2018 results are being broken down, sorted and ranked across 16 functional areas(from Analytics to Treasury and Risk Management) and by 21 vertical industries (from Aerospace to Utility), as shown in our Taxonomy. Further breakdowns by subvertical, country, company size, etc. are available as custom data cuts per special request.

Research Methodology

Each year our global team of researchers conduct an annual survey of thousands of enterprise software vendors by contacting them directly on their latest quarterly and annual revenues by country, functional area, and vertical market.

We supplement their written responses with our own primary research to determine quarterly and yearly growth rates, In addition to customer wins to ascertain whether these are net new purchases or expansions of existing implementations.

Another dimension of our proactive research process is through continuous improvement of our customer database, which stores more than one million records on the enterprise software landscape of over 100,000 organizations around the world.

The database provides customer insight and contextual information on what types of enterprise software systems and other relevant technologies are they running and their propensity to invest further with their current or new suppliers as part of their overall IT transformation projects to stay competitive, fend off threats from disruptive forces, or comply with internal mandates to improve overall enterprise efficiency.

The result is a combination of supply-side data and demand-generation customer insight that allows our clients to better position themselves in anticipation of the next wave that will reshape the enterprise software marketplace for years to come.