Accenture is the Leading Independent PLM/cPDm Services Provider
– TCS & IBM finished Second & Third
The statistics for 2025 will be published in mid 2026.
In the calendar year 2024, covered by the 2025 CIMdata report, the PLM market grew to $80.3 billion (+10.7% growth compared to 2023). Overall, surprisingly strong growth figures given the tough global economy, but also evidence of technology development opening new doors in line with the explosive technological development, where AI, digital twins, software design (ALM) and increasingly advanced electronics (EDA) are prominent market drivers.
“The PLM market saw strong results in 2024,” said CIMdata’s research director. “As customers develop increasingly complex products, technologies that enable collaborative design of mechanical, electrical and software systems are growing rapidly. The PLM market experienced significant growth in 2024, with particular strength in the EDA and AEC tooling segments, driven by increasing demand for electronics and the digitization of even the oldest infrastructure to benefit from digital twin implementations. ‘Focused Applications’ (ALM) continue to outperform core solutions for comprehensive cPDm (collaborative Product Definition management) as the richness of PLM ecosystems broadens, and system integrators increasingly see higher demand for their service offerings.”
Electronic Design Automation is the largest segment
Among the sub-PLM areas, EDA (Electronic Design Automation) tools hold the position as the largest segment by far with a total of $19.3 billion in total investments and also with an increased share of the total from 23% in 2023 to 24% in 2024. Second on the sub-PLM side in 2024 was cPDm with $11 billion invested and a share of the total of 13.7%, closely followed by third place Simulation & Analysis, with $10.9 billion invested and a market share of 13.6%.
But the most notable increase came, not unexpectedly, on the software and ALM (Application Lifecycle Management) side, which increased from $3.3 billion in 2023 to $5.6 billion in 2024 and a 7% share of all PLM tools. Undeniably a strong reflection of the technological trends, where not least the software side has become crucially important.




