Intelligent systems will hit $1 trillion by 2019
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Intelligent systems are continuing to disrupt traditional industries, and a recent IDC (International Data Corporation) study shows the intelligent systems market revenue will grow to more than $1 trillion by 2019.
Billions of advanced systems throughout major industries will be crucial in enabling intelligent systems.
Intelligent systems are defined by microprocessors, connectivity and high-level operating systems and the IDC report shows the market is going to grow dramatically. It will expand from 1.4 billion units and $755 billion in revenue this year to more than 2.2 billion units and over $1 trillion in revenue by 2019.
In 2019, intelligent systems will represent over one fourth of a total available market of more than 8.5 billion systems in the intelligent and embedded systems market.
The industrial, transportation, smart home and energy segments in particular are growing at rapid speeds, the study shows.
The top growing segments include driver management and fuel management systems in the transportation sector, and smart wearables and home lighting systems in the consumer sector. Digital pathology and virtual metrology in the healthcare sector, as well as industry-specific gateway products in the industrial sector, are also set to grow.
These were highlighted from a broad set of industries and more than 250 system categories.
Mario Morales, IDC Enabling Technologies and Semiconductors research group vice president, commented on the possible reasons why the market is expanding so dramatically.
“Intelligent systems continue to play a critical role in disrupting traditional industries as connectivity, sensors, and HW SW intelligence enables the ability to drive more value for applications and data,” he says.
"The value chain for the embedded market is broad and fragmented across a large set of industries that span decades of development and commercialisation,” he says. “Solving business-specific challenges across each industry with technology and data integration will ultimately dictate the cadence of adoption and help crystallize the opportunity over the next five years."