Recently published research by VDC Research Group indicates that the automotive industry will represent the largest vertical market, as a percentage of total market revenue, for software and system modeling tools by 2010. VDC defines the software and system modeling tool market to include both standard (UML, SysML, SDL, etc.) and proprietary (MATLAB, SCADE, LabVIEW, etc.) language-based modeling solutions intended to facilitate the process of developing embedded software and systems.
“The growing interconnectivity of sophisticated control and safety systems within automobiles has helped drive the need for and adoption of industry standards such as AUTOSAR and MISRA C,” says Chris Rommel, Analyst with VDC’s Embedded Software Practice. “The increasing adoption of these standards, combined with the automotive industry’s already exploding level of software content, has fueled the continued revenue growth in this segment as well as that of the overall market for software and system modeling tools.”
Moreover, VDC expects that embedded developers – not just limited to the automotive industry – will increasingly look for comprehensive software and system development solutions that can help them manage their adherence to each industry’s standards and best practices. VDC believes that those vendors whose solutions can address these and other challenges within multiple phases of the development process, either through direct functionality or tight integration with third-party solutions, will obtain significant opportunities for growth going forward.
VDC explores these and other critical issues within this market in the recently released report, Software and System Modeling Tools, Volume 3 from Track 2 of VDC’s 2008 Embedded Software Market Intelligence Service.
About VDC Research Group
VDC Research Group (VDC) is a technology market research and strategy consulting firm that advises clients in a number of technology markets including: Automatic Identification and Data Collection, Embedded Hardware and Systems, Embedded Software and Tools, Industrial Automation and Control, Mobile and Wireless, and Power Conversion and Control. Using rigorous primary research and analysis techniques, the firm helps its clients identify, plan for, and capitalize on current and emerging market opportunities. We strive to deliver exceptional value to our clients by leveraging the considerable technical, operational, educational and professional experience of our research and consulting staff. During our nearly four decades of ongoing operation, we have had the pleasure of serving most of the world’s leading technology companies, many high-profile start-ups, and numerous blue-chip early and later stage investors. Our products and services consist of research reports, annual research programs, and custom research and consulting services. Founded in 1971, the firm is located in the Boston area.