Computer Engineering Market By Product Functionality, Application and Region-Forecast by 2024
Date: 2018-08-10   Author: Ronak Bora  Category: #industry

Computer Engineering Market By Product Functionality, Application and Region-Forecast by 2024

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.

Computer Engineering Market is expected to exceed USD 2.5 trillion by 2024. Factors such as rise in disposable income and growing population are driving the computer engineering market. Growing usage of high-end technology devices and decreasing electronics prices are leading to a rise in the consumption of electronic devices. In the IT & telecom industry, technological transitions, such as 4G/LTE networks and IoT, are majorly driving the adoption of electronic products. In addition, increasing safety, efficiency, and entertainment needs will provide an impetus to the automotive computer engineering market.

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Major players operating in the computer engineering market include Synopsys, Inc., Xilinx, Inc. National Instruments Corporation, STMicroelectronics N.V., Cadence Design Systems, Inc., Intel Corporation, NVIDIA Corporation, Lattice Semiconductor Corporation, and Advantest Corporation, among others.

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.

Browse key industry insights spread across 350 pages with 118 market data tables & 93 figures & charts from this 2018 report Computer Engineering Market in detail along with the table of contents:

https://www.gminsights.com/industry-analysis/computer-engineering-market   

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.



About Author


Ronak Bora

Ronak Bora

A graduate in Electronics Engineering, Ronak writes for AlgosOnline and carries a rich experience in digital marketing, exploring how the online world works from a technical and marketing perspective. His other areas of interest include reading, music, and sport.

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