PLM Suppliers in Germany See Strong Growth Continuing
In Germany, PLM software suppliers are seeing strong growth, despite expectations of an economic slowdown this year. At a February meeting of the sendler\circle, an association of PLM service providers in Germany, company representatives said growth in the industry is held back only by a shortage of qualified engineers. PLM suppliers expect double-digit growth in Germany, which would exceed expectations for the IT industry as a whole. Software sales and services are set to rise 4.4 pc this year, according to BITKOM, the country’s IT industry association. Worldwide, the industry expects growth of 5.8 pc. Sendler\circle says the PLM industry is benefiting from the same trend that characterizes the IT services sector as a whole, citing strong corporate investment in new software to make processes more efficient and offer better customer service.