CIMdata Reports Continuing Solid PLM Market Growth

ANN ARBOR, Michigan, March 31, 2004-According to figures released from consulting and research firm CIMdata, Inc., the worldwide Product Lifecycle Management (PLM) market achieved overall growth of 4% during an economically tough 2003. CIMdata forecasts overall PLM investments will continue growing at a solid pace over the next five years to exceed $20 billion by 2008, for a compound growth rate of 7.5%.

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