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by David O'Brien , Contributing Editor Posted on Tuesday, February 28, 2006 3:16:00 PM   Investment in technology to support innovation is eating up a larger share of most manufacturers' IT budgets. Technology investment among mid-size manufacturers is expected to grow healthily over the next three to five years, with several segments growing at double-digit rates, according to tracking studies by AMR Research Inc. Consider the following: - Mid-market manufacturing (defined here as companies with between $30M and $999M in annual revenue) is the fastest growing segment of the computer-aided design (CAD)/PLM application spending category, projected to grow at 12% annually. This is substantially higher than the overall market average of 9%.
- PLM and CAD packaged application software sales, along with associated vendor services, will grow to $7.2B in 2009 from approximately $4.2B in 2004.
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