CAD software and services to generate $2.1 bln in 2004

Dara-tech reports that investment in computer-aided-engineering software and services will top $2.1 bln in 2004, an 12% increase YTY. The firm notes that in 2004 approximately 25% of product lifecycle management investments will be in the form of digital simulations and that overall PLM spending will continue to grow about 8% each year through 2008.