Global Computer Engineering Industry to cross $2.5 trillion by 2024

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Global Computer Engineering Industry to cross
2.5 trillion by 2024 Global Market Insights,
Inc.
Fuel Cell Market size worth 25.5bn by 2024
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Key Insights from Computer Engineering Market

• Computer Engineering Market size is set to exceed
  USD 2.5 trillion by 2024 according to a new
  research report by Global Market Insights, Inc.
  Several data center companies are implementing
  FPGAs in the facilities to offload and accelerate
  specific services such as computationally
  intensive workloads which is driving the computer
  engineering market. These devices, when
  reconfigured for different tasks after
  manufacturing, are being used in telecom gear,
  industrial systems, automotive, and military and
  aerospace applications.
• With ongoing technological advancements, modern
  FPGAs with large gate arrays, memory blocks, and
  fast IO, which are suitable for a wide range of
  tasks have seen a rise in the demand. The
  industry is observing the emergence of
  hyper-scale data centers, which are based on
  densely packaged servers. This shrinking form of
  data centers is driving the need to deploy FPGAs
  on a large scale in such facilities, thereby
  providing an impetus to the market.

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Continued...

• Robust economic growth, increasing government
  funding in technology projects, and increasing
  political stability is expected to drive the
  computer engineering market. Growing production
  of electronic systems for applications such as
  automotive, industrial, medicine and
  communications is creating opportunities for the
  industry. With rapidly expanding technology
  sector, regional manufacturing of semiconductors
  is taking pace. Increasing government and
  corporate spending on information
  telecommunication technology (ICT) infrastructure
  is expected to bode well for the industry. This
  will encourage the semiconductor manufacturers to
  implement newer technologies such as electronic
  design automation to increase productivity and
  efficiency, thus propelling the market growth.
• Growth of IoT and rise in the usage of wearable
  technology such as smartwatches will likely push
  the microelectronic component demand in the
  computer engineering market. The technology is
  broadly being implemented for airbag systems in
  the automotive industry owing to the government
  regulations related to driving and growing fears
  for passenger safety. With automobiles,
  conventional electrical, becoming more advanced
  and needing continuous connection to the
  internet, the demand for ICs will increase.

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Europe Computer Engineering Market, By Product
Functionality, 2016 2024 (USD Billion)

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Engineering Market _at_ http//bit.ly/2nuho1y
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Regional Growth

• Rapid industrialization and urbanization has led
  to the improvement of economic conditions.
  Certain growing economies in Asia Pacific such as
  India, Thailand, and South Korea have exhibited a
  rapid shift in their economy and an overall GDP
  growth.
• For instance, India and China noted a GDP growth
  of over 7 in 2015. This has resulted in the
  betterment of living conditions and an increase
  in the disposable income per household, leading
  to an increase in the expenditure on luxury goods
  and high-quality technology.
• Declining costs of service plans and rapid
  increase in the volume of cheaply manufactured
  smartphones tablets are the major factors
  driving the uptake of computer engineering market
  across Asia Pacific.

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Major Companies in Computer Engineering Market

• Key vendors in the computer engineering market
  comprise Averna Technologies, Inc., Advantest
  Corporation, Cadence Design Systems, Inc., Marvin
  Test Solutions, Inc., Lattice Semiconductor
  Corporation, National Instruments Corporation,
  Intel Corporation, Nvidia Corporation, SolidCAM
  Ltd., STMicroelectronics N.V., Synopsys, Inc.,
  Teradyne, Inc., and Xilinx, Inc. among others.
• Manufacturers in the industry are looking to
  spread their presence and business to emerging
  regions and adopting strategies such as mergers
  and acquisitions (MA). For instance, Infineon
  Technologies in July 2016, acquired Wolfspeed for
  USD 850 million to strengthen their offerings in
  the compound semiconductor systems.

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