Product category:
PLM and Product Life Cycle software
News Release from: Siemens PLM Software
Edited by the Manufacturingtalk Editorial
Team on 12 January 2007
UGS named top provider based on revenues
UGS recognised as PLM software leader in aerospace and defence, automotive and high tech industries
UGS, a leading global provider of product lifecycle management (PLM) software and services, has announced that IT market research and advisory firm IDC has recognised UGS as the leading PLM provider for the aerospace and defence, automotive and high tech industries IDC includes this ranking information in a recent report entitled, "Americas Product Life-Cycle Management Software 2005 Vendor Shares: Top 10 Vendors by Vertical Market,"
This article was originally published on Manufacturingtalk on 25 Oct 2005 at 8.00am (UK)
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The report evaluates market share positioning for PLM providers using a vertical segmentation of 2005 revenue.
According to the study, UGS maintains the largest share of revenue in three of four discrete manufacturing industries - aerospace and defence, automotive and high tech - and is the third-largest PLM vendor for the "other" discrete industry category, which includes industrial machinery manufacturing and shipbuilding.
In addition, IDC notes that within the automotive category, the fastest growing industry segment for PLM software, UGS alone accounts for more than one-third of the revenue generated by the top 10 PLM providers and nearly one-quarter of the overall revenue generated.
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"The aerospace and defence, automobile, and high tech industries face significant pressures for innovative design to accommodate changing consumer preferences and increased fuel and material costs.
These pressures have resulted in demands to reduce the number of prototypes, detect design problems early, and in many instances reduce costs and accelerate time to market, thereby creating strong demand for PLM in these industries," said Noel Stevens, IDC analyst and report author.
"IDC expects these pressures to result in the strongest growth in PLM to come from the automotive and high tech industries over the next five years.
Existing leaders in these industries possess the greatest growth potential for PLM software".
"Our clear leadership across multiple industries underscores the fact that UGS is not only a technology leader but also a vertical market expert with deep domain experience and knowledge that enables us to deliver high-impact, industry-relevant solutions," said Leif Pedersen, vice president of industry marketing at UGS.
"We're extremely pleased to have IDC validate this competitive advantage.
"UGS has had a very good year in vertical industries.
We have seen tremendous growth this year in the government military services sector of the aerospace and defence industry this year.
In the automotive industry, UGS won key contracts and was recognised for quality and customer support by major automotive OEMs.
In the high tech industry, where UGS signed more than 30 contracts in the first half of 2006, the company has been recognised as an industry leader by multiple industry analysts firms".
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