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.