Research finds IoT to be a key driver for embedded systems

June 21, 2018 // By Ally Winning
IHS Markit’s annual global report on “Embedded Computer Boards, Modules & Systems Intelligence Service” has found that the IoT will be the key driver for embedded systems.

The report stated that global revenue in the embedded computing market has fallen by 3.1 percent, year over year to $2.5 billion in 2016, primarily due to the collapse of the xTCA telecom market. However, the global market should grow to $3.4 billion by 2021, driven by growth in the industrial automation sector.

Internet of things (IoT) innovation is set to be a key factor in the growth of the embedded computing market over the next five years. Cloud connectivity will also become more prominent as IoT applications grow.

Cloud implementation supports IoT-related applications which are intended to monitor asset health and carry out predictive maintenance. Open Platform Communications unified architecture (OPC UA), a machine-to-machine communication protocol is growing in importance, along with messaging protocols, such as Message Queuing Telemetry Transport (MQTT) and Advanced Message Queuing Protocol (AMQP).

Embedded computing-standards organisations are working towards industrial IoT (IIoT) open specifications and design guides for the creation of high-quality, interoperable computing solutions. The computer-on-module (COM) industry is predicted to continue to grow strongly, particularly for smaller modules. COM will become one of the most popular solutions in the coming decades, with a wide variety of applications. The market for standalone boards is predicted to grow at a five-year CAGR of 7 percent, across various form-factors.

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