Engineering Innovation Accelerated via Cloud CAE
The future of engineering innovation, like invention, is born out of necessity. A primary necessity today is to achieve technology breakthroughs faster than those accomplished in previous generations.
According to the International Data Corporation (IDC), worldwide IoT spending is expected to sustain a compound annual growth rate (CAGR) of 14.4 percent during the 2017-2021 forecast period, surpassing the $1 trillion mark in 2020 and reaching $1.1 trillion in 2021. IoT hardware is forecast to be the largest technology category in 2018, with $239 billion going largely toward modules and sensors, along with some spending on infrastructure and security.