[ Software Engineering Market] Software engineer assaulted in park while jogging

Software engineer assaulted in park while jogging

  Software Engineering Market

A software engineer sustained severe injuries and lost two teeth when she was physically and sexually assaulted by a man while she was jogging in a park at HRBR Layout in the evening. Despite her injuries, she chased the man but he managed to escape.

The alleged incident took place a few days ago, said the the police who filed an FIR based on her complaint on November 6. In her statement to the police, the woman said that the attack took place around 7.45 p.m.

“The man attacked her from behind. When she fought back, he punched her face,” said a police officer.

Lack of lights

The park was not well-lit, which probably emboldened the assailant, said the police. Over the years, citizens have been demanding better lighting in parks and residential stretches in inner roads citing safety. There have been several instances of women being assaulted in parks that were not well-lit. In 2016, a woman was allegedly raped in Cubbon Park following which the authorities increased security measures. 

Why Altair Engineering Stock Got Crushed Today

What happened

Shares of Altair Engineering (NASDAQ:ALTR) have gotten crushed today, down by 18% as of 1:40 p.m. EST, after the company reported third-quarter earnings. The engineering software and services provider also said it would be acquiring DEM Solutions.

So what

Revenue in the third quarter increased 18% to $100.4 million, which led to an adjusted net loss of $7.2 million, or $0.09 per share. Analysts were expecting the company to post a profit of $0.05 per share. Altair has purchased DEM Solutions, which makes Discrete Element Method (DEM) software for bulk material simulation, but no financial terms were disclosed.

Product development and engineering software displayed on a monitor

Image source: Getty Images.

"Our core simulation and optimization technologies performed well during the quarter and we are highly encouraged by strong demand for our SimSolid product, which has had one of the fastest new product ramps in our history," CEO James Scapa said in a statement. "We are also pleased to see continued strong recurring software subscription revenues."

Now what

Altair issued guidance that was shy of analyst expectations, with total revenue in the fourth quarter expected to be $105 million to $109 million, which should result in adjusted net income of $2.2 million to $4.2 million. Wall Street was expecting the company to generate $126.2 million in sales.

Scapa added, "While we are seeing some macro headwinds in our automotive market and continue to be impacted by foreign exchange challenges, our diversification across multiple verticals and products provides us with optimism that our momentum will continue into 2020 and beyond."

• Software Engineering Market 2018-2023:Global Market Size, Market Status, Top key players
• Nov 04, 2019 (AmericaNewsHour) -- 

Automation is the new buzzword that is trending across various industry verticals. Increasing demand for automation is one of the major factors driving the growth of the software engineering market. Applications such as Computer-Aided Design (CAD) and Computer-Aided Manufacturing (CAM) are increasingly being used for product designing and program manufacturing processes, such as CNC (computer numerical control) machining. CAM software uses models and assemblies to generate tool paths for driving machines that turn the designs into physical parts. CAD software is typically used for solid modeling, surface modeling, assembly, drafting, detailing, and reverse engineering. CAM software applications typically include plotter cutters, laser cutting, 2.5D milling, 3D milling, turning, and 3D printing.

The key benefits of using engineering software, such as CAD/CAM, include improved accuracy, increased range of design ideas, ease of modification, repeatability of output, quality of output, and reduction of wastage. The combination of CAD and CAM enables automated transition from designing to manufacturing. CAD/CAM software programs are also increasingly being put to use in dental imaging.

However, software piracy is a serious issue and refers to any unauthorized use, reproduction, distribution or use of software packages without paying for it or without permission from the owner. As software packages are expensive and involve high maintenance costs, people tend to use their pirated copies that are easy to create and are available in the market. To overcome this, companies build software programs need to partner with governments and impose strong IP laws to monitor piracy issues.The global software engineering market is expected to grow approximately at USD 37.4 Billion by 2022, at an approx. CAGR of 11.72% between 2016 and 2022.

Key Players The key players of software engineering market include Autodesk, Inc.(U.S.), Bentley Systems, Inc. (U.S.), Dassault Systemes S.A (France), Siemens PLM Software, Inc.(U.S.), SAP SE (Germany), PTC, Inc.(U.S.), Ansys, Inc. (U.S.), MSC Software Corporation, Carlson Software Inc. (U.S.), and Geometric Ltd. (India), among others.

The Software Engineering Market to its database that provides an insight into the ICT & Telecom, giving an accurate and in-depth analysis of the market size, value, annual growth, market players, segments, end users and growth drivers for the market. The various aspects of this industry are carefully assessed in the report for the forecast period of 2016-2022. The major highlights of the market study include:

Global Software engineering Market Analysis & Forecast, from 2016 to 2022 ? To provide detailed analysis of the market structure along with forecast of the various segments and sub-segments of the software engineering market ? To provide insights about factors affecting the market growth ? To analyze the software engineering market based on Porter's five forces analysis ? To provide historical and forecast revenue of the market segments and sub-segments with respect to four main geographies and their countries- 

North America, Europe, Asia, and Rest of the World ? To provide country level analysis of the market with respect to the current market size and future prospects ? To provide country level analysis of the market segment on the basis of software type, application, and end-user ? To provide strategic profiling of key players in the market, comprehensively analyzing their core competencies, and drawing a competitive landscape for the market ? To track and analyze competitive developments, such as joint ventures, strategic alliances, mergers and acquisitions, new product developments, and research and developments in the software engineering market

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