Computer Engineering Market: Technological Revolution Fueling Market Growth | Key Players are ANSYS, Autodesk, Cadence Design Systems, Cavium, Cobham, Dassault Systèmes, Microchip Technology, NVIDIA, NXP Semiconductors, PTC, STMicroelectronics

Endorsed by plethora of technological interventions, computer engineering market has been one of the fastest developing verticals of electronics & media industry. The concept of computer engineering dates back its commercialization in the late 30s when John Vincent Atanasoff and Clifford Berry began developing the world’s first electronic digital computer.

Speaking of the industry drivers, the growing appetite for upgrading present day technologies is slated to revolutionize the computer engineering market trends. IOT and connected devices, the two most buzzing trends of the technology world, are speculated to leave a humongous impact on this business fraternity. The fact can be validated from the increasing penetration of these devices in a slew of industry verticals such as automotive, healthcare, retail, manufacturing, etc. Elaborating on the growth potential of computer engineering applications in medical field, it won’t be far that tomorrows digital stethoscope could function as an “intelligent thing” by collecting real-time data, treatment information, data related to diagnosis, and an AI powered physician assistance app.

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Semiconductors are being commonly used in the electronic devices such as PCs, smartphones, and tablets, and other smart products. These components can communicate with other devices through a growing network connected through IoT. They are the fundamental enabling technology of modern electronics, as the IoT devices require components such as memory, sensors, and microcontrollers to connect and perform their functions. Growing adoption of semiconductors and penetration of smartphones will propel the computer engineering market growth. The miniaturization of smart devices has further added to the growing demand for test and development solutions across several application areas.

The major manufacturers covered in this report: -

1. ANSYS, Inc.
2. Autodesk
3. Cadence Design Systems
4. Cavium Inc
5. Cobham
6. Cypress Semiconductor Corporation
7. Dassault Systèmes
8. Infineon Technologies
9. Intel Corporation
10. Lattice Semiconductor
11. Maxim Integrated
12. Mentor Graphics
13. Microchip Technology Inc.
14. Microsemi Corporation
15. National Instruments
16. NVIDIA
17. NXP Semiconductors
18. PTC
19. STMicroelectronics

In the computer engineering market, server computers are anticipated to exhibit high growth and adoption over the forecast timeframe. Rise in demand for cloud storage and online services has given a rise to the number data centers globally. In 2016, the U.S. had more than 3 million installed data centers and the number of facilities is expected to rise gradually over the coming years. The rise will be fueled by migration from on-premise and small facilities run by internal IT teams to hyperscale data centers operated by colocation or large service providers. In addition, several data center manufacturers are developing and deploying innovative server solutions which reduce the energy consumption in these systems.

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Several component manufacturers operating in the computer engineering market are adopting the miniaturization trend by offering consumers flexible mounting options, smaller sizes, and are integrating multiple functionalities into a single set. This has allowed the semiconductors to be utilized in applications, such as in the healthcare devices for surgical and smart fitness products. The growing demand and awareness of smart fitness products is encouraging several product developers to invest in the R&D to develop advanced products. Vendors are investing massively to manufacture several new miniaturized products for enhancing the user experience. Researchers are focused on developing cost-effective and reliable products which is providing the computer engineering market ample growth opportunities.

In 2016, Asia Pacific accounted of more than 50% computer engineering market owing to the presence of a large number of semiconductor industries. Several government and industrial bodies in the region are attempting to increase the competitiveness of the electronics manufacturing industry to attract foreign investments and meet the domestic demand. For instance, India’ s attractiveness for electronic manufacturers is growing owing to the presence of low-cost labor. Rise in manufacturing costs in countries such as Taiwan and China are convincing manufacturers to move their manufacturing base to other countries. In 2016, the average manufacturing labor in China was USD 3.5 per hour in comparison to India which was USD 0.9 per hour.

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Taking into consideration these technological interventions, industry experts claim computer engineering market to remain one of the most lucrative investment grounds for potential stakeholders. A presumption validating the same is of a report published by Global Market Insights, Inc., that claims computer engineering market to exceed an enormous valuation of over USD 2.5 trillion by 2024.

About Global Market Insights:

Global Market Insights, Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider; offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy and biotechnology.

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Corporate Sales, USA
Global Market Insights, Inc.
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This release was published on openPR.