In a recently published report analyzing the markets for embedded software and system engineering solutions, VDC Research estimates that the market for software development tools in 2009 reached over $290 million. While this represents a market contraction of greater than 10% from 2008, VDC expects the embedded software development tools market will recover and grow cautiously in 2010 with incrementally higher growth rates through 2012.
“The widespread effects of the global economy were felt across geographies, vertical markets, and competitors in 2009, but VDC is optimistic about a steady, albeit slow, market recovery,” said Steve Balacco, Director of VDC Research’s Embedded Software and Tools Practice. “Growth drivers throughout our 2012 forecast period include increasing complexity of embedded systems and devices and the growing need for more sophisticated software tools to support the development of multicore-based devices and systems.”
The Embedded Software & Tools Market Intelligence Service, 2010 – Track 1: Embedded Software Engineering Market Technologies, Volume 2: Embedded Software Development Tools report is currently available for purchase. For Senior Executives working in this market, the full reports provides detailed market definitions, estimates, forecasts, segmentations and competitive share data across a variety of major embedded software technologies; in-depth, table-driven statistics of embedded system engineering requirements, preferences and trends across a variety of market segments; and insight into the specific embedded developer communities’ current and future products, programming and management methods, tool needs, related spending plans and other requirements.
About VDC Research
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 Transaction Automation, Embedded Hardware and Systems, Embedded Software and Tools, Industrial Automation and Control and Mobile and Wireless. 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.