PUBLISHER: VDC Research Group, Inc. | PRODUCT CODE: 1694057
PUBLISHER: VDC Research Group, Inc. | PRODUCT CODE: 1694057
The embedded hardware market is extremely fragmented in its composition of product form factors, customer profiles/demographics, end user industries/applications, and competitive landscape. Engineering organizations, including OEMs/ODMs, system integrators, service providers, and enterprise/industrial end users themselves, all have different requirements and preferences for embedded hardware platforms used for their product development. As a result, the embedded boards, modules, and integrated systems markets each feature distinct growth opportunities addressing the evolving nature of embedded and edge computing architectures as well as rosters of competing vendors vying for new designs and engineering projects.
This market research study examines the leading market trends impacting the total revenue opportunity as well as the competitive landscape for a wide variety of embedded component and system form factors, including computer- on-modules, system-on-modules, motherboards, single-board computers, integrated computing systems and servers, and others. This report delivers research-driven commentary on the biggest developments and players influencing the commercial embedded hardware market and its future supplier ecosystem. The report is accompanied by leading vendor market share data for each form factor under study and for the integrated computing systems and server market segmented by vertical market as well as Voice of the Engineer survey data.
This report was written for those making critical decisions regarding product, market, channel, and competitive strategy and tactics. This report is intended for senior decision-makers who are developing, or are a part of the ecosystem of, IoT, embedded, and/or edge computing solutions, including:
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VDC launches numerous surveys of the IoT and embedded engineering ecosystem every year using an online survey platform. Our global Voice of the Engineer survey in 2024 captured insights from a total of 600 qualified respondents. To support this research, VDC leverages its in-house panel of over 30,000 individuals from various roles and industries across the world. This survey was used to inform our insight into key trends, preferences, and predictions within the engineering community.
The embedded hardware market is hotly contested with a variety of established players and new organizations joining the fray to diversify their businesses via access to a healthy marketspace that features strong long-term growth prospects. Edge computing, the Internet of Things (IoT), computer vision, operational AI, and machine learning will remain critical market growth drivers over the next several years, enabling highly valuable solution capabilities and services for end users in operational environments. Although embedded hardware deployment lifetimes remain protracted and still extend beyond a decade (or even a few decades) in some safety-/mission- critical applications, the pace of innovation in the market has accelerated on the back of rapid advancements in processor technology, edge AI models, workload optimization, and cloud-native software development. Engineering organizations of various origins, types, sizes, and target markets will continue to demand a wide range of hardware platforms and development solutions that no single vendor can completely satisfy on their own.
Competition in the embedded boards, modules, and integrated systems market is multi-dimensional, with several different technical and business elements separating the market leaders from the rest. From a technical perspective, embedded hardware providers continue to compete on core metrics such as performance, power consumption, size/weight/area, pre-certification, and price. However, new considerations related to dedicated workload performance, accelerator integration/support, embedded security, connectivity enablement, and a growing list of other factors are changing the status quo. On the business/strategic side, a trusted supply chain extending from embedded hardware inception to deployment is crucial for preserving the integrity of the final deployed systems or infrastructure. Many engineering organizations also require the tier 1 business services commonly associated with leading enterprise/IT technology suppliers that are also serving the embedded/OEM market.
The embedded hardware space and its competitive landscape are changing at an unprecedented rate in response to the rapid evolution of developer/engineer requirements, device/system stacks, and the associated large and growing revenue opportunity enabling IoT, embedded, and edge computing solutions.
* Partial list of the 416 IoT & Embedded Technology Voice of the Engineer Survey Exhibits.