Innovation and new products drive sales for nearly every company. Customers are often lost when disruptors arrive with offerings greater than their competitors. Because R&D is such a vital component to engineering new solutions, creating new offerings, and remaining on the cutting-edge, investing in companies that operate in this space can be lucrative.
In order to reduce prototyping costs, many engineers simulate a product to gain insight into how it will perform without physically building it. ANSYS (NASDAQ: ANSS) is the global leader for advanced engineering simulation software.
When envisioning the future, it's clear that technologies like 5G, electric vehicles, and autonomous driving will have an enormous presence. ANSYS serves all of these markets and provides powerful simulations for how these products behave in real life.
For further details see:
This Obscure Software Company's Addressable market Will Triple in the Next Decade