Story image

Intelligent systems will hit $1 trillion by 2019

20 Oct 14

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."

Soul Machines' virtual humans go mainstream
An Auckland AI firm renowned for its work creating ‘digital humans’ is now unleashing its creativity to the wider market.
Hands-on review: The Logitech R500 laser presentation remote
With a clever ergonomic design, you’ll never have to glance at the device, unless you deliberately look to use the built-in laser pointer to emphasise your presentation.
GCSB welcomes Inspector-General's report on intelligence warrants
Intelligence warrants can include surveillance, private communications interception, searches of physical places and things, and the seizure of communications, information and things.
Lightning Lab accelerator delves into tourism
“It’s great to see the tourism sector taking a proactive and collaborative approach to innovation."
Apax Partners wins bidding war for Trade Me buyout
“We’re confident Trade Me would have a successful standalone future," says Trade Me chairman David Kirk
Verifi takes spot in Deloitte Asia Pacific Fast 500
"An increasing amount of companies captured by New Zealand’s Anti-Money laundering legislation are realising that an electronic identity verification solution can streamline their customer onboarding."
Homegrown stress relief app to be launched next year
Researchers at the University of Auckland and an Auckland-based creative agency are working together to create a ‘world first’ app that they believe will help with stress relief.
How blockchain will impact NZ’s economy
Distributed ledgers and blockchain are anticipated to provide a positive uplift to New Zealand’s economy.