New York City, New York Aug 4, 2023 (Issuewire.com) - Recently, IMARC Group has come up with a report on ‘Computer-on-Module Market: Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028’. According to their report, the Computer on Module (CoM) market size has achieved US $1.5 Billion in the year 2022. The IMARC Group is expecting the market size would reach nearly US $2.0 Billion by the year 2028. They have also come to know the growth rate (CAGR) would be 5.6% in the time period of 2023-2028.
The Computer on Module market is the place for small and highly integrated computer systems, which are mostly used and designed for embedded applications. Along with that, it is a compact, self-contained computing module that has a processor, memory, storage, and many I/O interfaces. The CoM can be also embedded in large electronic systems. For example, it can be used in medical devices, transportation systems, aerospace, automation equipment, and many other devices like this.
With the Computer on Module, one can get a lot of advantages in single-board computers or custom-designed embedded systems. It has the potential to give a standardized form factor and interface. Thus it can make them interchangeable and also upgradeable. Along with that, it also allows developers to concentrate on a specific application without designing the whole hardware platform from the beginning. With all these facilities, one can do various programs in an effortless way.
Currently, in the time of advanced technology, there is a huge demand for Computers on Modules in every industry. Along with that, it can be equally effective in small devices like drones and UAVs (unmanned aerial vehicles). That is why, there are many positive viewpoints that are coming to see recently. In addition to that, the integration of the Internet of Things (IoT) and Artificial Intelligence (AI) are also growing on a large scale in the market, which is assisting to achieve huge growth in an easier way.
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