Assembly Lines: Digital Simulation Market to Top $2.1 Billion
CAMBRIDGE, MA-The technology market research firm Dara-tech reports that investment in computer-aided-engineering software and services will top $2.1 billion in 2004, an 12-percent increase over the previous year.
The firm notes that in 2004 approximately 25 percent of product lifecycle management investments will be in the form of digital simulations and that overall PLM spending will continue to grow about 8 percent each year through 2008.