Global Management Consulting firm, Zinnov Management Consulting, released its industry-leading study on Digital Engineering spends today. The study revealed that Digital Engineering spends have stabilized at USD 810 Bn, at a consistent 22% CAGR, and are expected to reach USD 1,584 Bn by 2026. North America is the leader in Digital Engineering, accounting for 55% of the global ER&D spending by 2026, followed by Asia Pacific and Western Europe. Sustainability is a top priority for enterprises across verticals, with the Manufacturing industry being one of the largest energy consumers. Key technology themes emerging from the study include Expert Systems, Fuzzy Logic, Computer Vision, Decision Trees, and Genetic Algorithms.
