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The Embedded Computer Market is projected to grow by USD 18.03 billion from 2024 to 2028, driven by rising demand for IoT devices, AI-powered report- Technavio

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NEW YORK, Aug. 27, 2024 /PRNewswire/ — Report on how AI is driving market transformation- The global embedded computer market size is estimated to grow by USD 18.02 billion from 2024-2028, according to Technavio. The market is estimated to grow at a CAGR of almost 6.97% during the forecast period. Growing demand for iot devices is driving market growth, with a trend towards increasing implementation of robotics. However, high lead time poses a challenge. Key market players include AAEON Technology Inc., Abaco Systems Inc., Advantech Co. Ltd., ARBOR Technology Corp., Avalue Technology Inc., Axiomtek Co. Ltd., congatec GmbH, Curtiss Wright Corp., Digi International Inc., EUROTECH Spa, Fujitsu Ltd., Intel Corp., Kontron AG, NVIDIA Corp., NXP Semiconductors N.V., Qualcomm Inc., Radisys Corp., SMART Global Holdings Inc., Super Micro Computer Inc., TechNexion Ltd., Texas Instruments Inc., and Toradex AG.

Get a detailed analysis on regions, market segments, customer landscape, and companies- View the snapshot of this report

Embedded Computer Market Scope

Report Coverage

Details

Base year

2023

Historic period

2018 – 2022

Forecast period

2024-2028

Growth momentum & CAGR

Accelerate at a CAGR of 6.97%

Market growth 2024-2028

USD 18028.4 million

Market structure

Fragmented

YoY growth 2022-2023 (%)

6.4

Regional analysis

Europe, APAC, North America, Middle East and Africa, and South America

Performing market contribution

Europe at 35%

Key countries

US, China, UK, Germany, and India

Key companies profiled

AAEON Technology Inc., Abaco Systems Inc., Advantech Co. Ltd., ARBOR Technology Corp., Avalue Technology Inc., Axiomtek Co. Ltd., congatec GmbH, Curtiss Wright Corp., Digi International Inc., EUROTECH Spa, Fujitsu Ltd., Intel Corp., Kontron AG, NVIDIA Corp., NXP Semiconductors N.V., Qualcomm Inc., Radisys Corp., SMART Global Holdings Inc., Super Micro Computer Inc., TechNexion Ltd., Texas Instruments Inc., and Toradex AG

Market Driver

The robotics market has witnessed significant growth in various industries, including automotive, military, defense, healthcare, electronics, and e-commerce. Robots are increasingly being used for complex tasks due to their flexibility and ability to handle different applications. General Motors pioneered the use of robots for heavy manufacturing tasks, while e-commerce companies like Amazon employ them for fragile jobs like order picking. Foxconn Electronics utilizes robots for assembling iPhone parts. Robots are also utilized by doctors as surgical assistants. To meet the rising demand for robots, governments and private companies are investing in robotics research. Affordability and ease of programming are driving factors for the increasing adoption of robots. Key robot vendors, such as Yaskawa, Fanuc, and KUKA, are investing heavily in research and development to improve robotic software. The integration of advanced embedded computers is making robots smarter, more networked, and versatile for multiple applications. This trend is expected to positively impact the global embedded computer market in the coming years. 

Embedded computing systems have become essential components in various industries, from consumer electronics to automobiles and healthcare. The market for embedded systems is driven by trends in CPU technology, sensors, and the Internet of Things (IoT). In consumer electronics, TVs, telephones, digital cameras, washing machines, microwaves, and dishwashers incorporate embedded systems for enhanced functionality. Industrial development activities, government reforms, and digitalization are key growth areas. Industrial automation, healthcare digitization, defence industry, and IoT services market are major sectors driving the demand. Hardware limitations and high initial investments remain challenges. Technological developments in artificial intelligence (AI), connectivity, and wireless communications infrastructure are shaping the future. Robots, automation computers, and real-time operating systems (RTOS) are essential components. Sensors in speed sensors, medical equipment like ultrasounds and X-rays, and remote patient monitoring systems are critical applications. R&D investments, product improvements, and shortening lead times are crucial for staying competitive. Emerging economies offer significant growth opportunities. Telecommunications, utilities, and transportation sectors, including ADAS technology in hybrid and electric vehicles, are adopting embedded systems for automation and efficiency. 

Explore a 360° Analysis of the Market: Unveil the Impact of AI. For complete insights- Request Sample!

Market Challenges

Embedded computer manufacturing involves creating customized solutions for Original Equipment Manufacturers (OEMs) using the latest core components, such as processors and memory modules. However, this requirement results in a longer lead time due to the need for close partnerships with chip and processor manufacturers. The use of the latest technology also increases the product’s obsolescence rate, as new optimized processors and fast data/address buses enter the market. To meet OEM demands for the latest hardware and support solutions, embedded computer manufacturers design and configure boards according to specific requirements, leading to a longer time-to-market.The embedded computer market is experiencing significant growth in various industries, particularly in the communication and automotive sectors. Challenges include ensuring secure communication and microcontroller and microprocessor protection in these sectors. Digital signal processors play a crucial role in edge controls for industrial ecosystems and vehicle electronic systems. Embedded security solutions are essential for microcontrollers in applications like airbags and navigation systems. Open controller platforms offer flexibility, while Equipment Insight 2018 highlights the importance of adapting to new technologies like adaptive cruise control and biomedical sensors. The standard of living is improving, driving demand for devices like electronic stethoscopes, imaging systems, and medical equipment. Falling prices and awareness are boosting the adoption of IoT devices, mobile phones, laptops, and personal computers. Microprocessors, such as ARM Cortex M4, offer low power consumption and high power-processing performances for mobile devices and IoT connections. The future of embedded computing lies in smartphone and IoT connections, enabling new applications and improving our daily lives.

For more insights on driver and challenges – Request a sample report!

Segment Overview

This embedded computer market report extensively covers market segmentation by

Product 1.1 COMs1.2 SBCs1.3 Stand-alone boardsEnd-user 2.1 Industrial automation2.2 Military and defense2.3 Medical2.4 Communication2.5 OthersCPU Architecture 3.1 x863.2 ARM3.3 PowerPC3.4 OthersGeography 4.1 Europe4.2 APAC4.3 North America4.4 Middle East and Africa4.5 South America

1.1 COMs- Embedded Computer Market: COMs Segment Overview The Embedded Computer Market’s COM segment, also known as System-on-Modules (SOMs), is a subtype of Single-Board Computers (SBCs) that offers a compact, customizable, and low-power solution for various applications. COMs consist of a microprocessor, RAM, and several features, but lack standard connectors for I/O peripherals, requiring a carrier board for connection. COM Express, SMARC, Qseven, and ETX/XTX are the major COM standards, each offering unique features and sizes. The PCI Industrial Computer Manufacturers Group (PICMG) regulates the COM Express standard, while SMARC, Qseven, and ETX/XTX are governed by the Standardization Group for Embedded Technologies (SGeT) and various industry consortiums. The COM segment’s growth is driven by the increasing demand for miniaturization, low power consumption, and customizability. The need for dense computer systems, FPGA components, and Industry 4.0 implementation are significant factors. Vendors like Portwell, Avalue, Kontron S and T, Emac, and Adlink dominate the ETX-based market. The COM segment’s advantages include dense computer systems, low power consumption, customizability, compact size, and low costs. Replacing or swapping COMs without changing the carrier board offers cost savings and faster go-to-market strategies for vendors. Advances in processor technologies, bus architectures, and the growing implementation of automation technologies are major growth factors. The COM segment is expected to witness substantial growth in the global embedded computer market due to its versatility and ability to meet the demands of various industries.

For more information on market segmentation with geographical analysis including forecast (2024-2028) and historic data (2017-2021) – Download a Sample Report

Research Analysis

The embedded computer market is experiencing significant growth in various sectors, including the communication and automotive industries. In the communication sector, embedded computers are used for edge controls in telecom networks, enabling real-time processing and data transfer. In the automotive sector, microcontrollers and microprocessors power vital systems such as embedded airbag systems, embedded navigation systems, adaptive cruise control, and vehicle electronic systems. Digital signal processors play a crucial role in processing data from biomedical sensors in applications like vital signs monitoring, electronic stethoscopes, imaging systems, and medical devices such as PET scans, CT scans, MRIs, glucose monitors, pacemakers, and CPAP machines. Open controllers are gaining popularity in the industrial ecosystem, offering flexibility and customization. Microcontrollers continue to be the backbone of these applications, driving innovation in areas like biomedical devices and consumer electronics, including mobile phones, laptops, and personal computers.

Market Research Overview

The embedded computer market is experiencing significant growth in various sectors, including communication and automotive. Microcontrollers and microprocessors are the backbone of this market, with digital signal processors playing a crucial role in enhancing performance and efficiency. Embedded security solutions are increasingly important, especially in the automotive sector for vehicle electronic systems, microcontroller security solutions, and open controller systems. The industrial ecosystem is witnessing a surge in edge controls, with applications ranging from vital signs monitoring in healthcare to adaptive cruise control in automobiles. Biomedical sensors, electronic stethoscopes, imaging systems like PET scans, CT scans, and MRIs, glucose monitors, pacemakers, and CPAP machines are all benefiting from embedded computing systems. Consumer electronics, including mobile phones, laptops, personal computers, gaming consoles, and smart home appliances, are driving the market due to the standard of living improvement and awareness. Falling prices and the Internet of Things (IoT) devices, such as smartphones and smart home appliances, are contributing to the market’s growth. Microprocessors like ARM Cortex M4 with low power consumption and high power-processing performances are enabling mobile devices’ connections and IoT connections. Televisions (TVs), automobiles, telephones, digital cameras, washing machines, microwaves, and dishwashers are some of the consumer electronics that are being transformed by embedded computing systems. Artificial intelligence and emerging economies are also fueling the market’s growth, with technological developments in areas like robots, automation computers, real-time operating systems (RTOS), and sensors. Industrial development activities, government reforms, and the defense industry are also significant contributors to the embedded computing systems market. The IoT services market, digitalization, and connectivity are also driving the market’s growth, with applications in areas like ultrasounds, X-rays, remote patient monitoring, and technological developments in various industries. However, hardware limitations and high initial investments remain challenges for the market.

Table of Contents:

1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation

ProductCOMsSBCsStand-alone BoardsEnd-userIndustrial AutomationMilitary And DefenseMedicalCommunicationOthersCPU ArchitectureX86ARMPowerPCOthersGeographyEuropeAPACNorth AmericaMiddle East And AfricaSouth America

7 Customer Landscape
8 Geographic Landscape
9 Drivers, Challenges, and Trends
10 Company Landscape
11 Company Analysis
12 Appendix

About Technavio

Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions.

With over 500 specialized analysts, Technavio’s report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

Contacts

Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
Email: media@technavio.com
Website: www.technavio.com/

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SOURCE Technavio

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Technology

Jack Henry’s Annual Survey of Financial Institutions Highlights Priorities Amid Economic Uncertainty and a New Hybrid Monetary Era

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April 28, 2026

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Banks and credit unions plan to increase technology spending, led by investments in AI, digital banking, and data analytics

MONETT, Mo., April 28, 2026 /PRNewswire/ — Banks and credit unions are prioritizing operational efficiency, deposit growth, and new payment capabilities as they navigate economic uncertainty and increasing technological complexity, according to findings from Jack Henry’s eighth annual Strategy Benchmark.

Jack Henry® (Nasdaq: JKHY) surveyed 193 executives from financial institutions using Jack Henry solutions. The survey highlights the industry’s most pressing strategic priorities, top concerns, and technology investment plans for the next two years.

“Banks and credit unions have finally recognized their biggest competitive threat in Big Fintech and Big Crypto,” says Lee Wetherington, Senior Director of Corporate Strategy and lead author of the benchmark. “As we enter a new hybrid monetary era, the game is changing and charter franchises are under attack. The goal of strategy is no longer simply to win but to ensure you’re competing to win the right game.”

The vast majority of financial institutions plan to increase technology spending, with 88% expecting to raise their tech budgets over the next two years, up from 76% last year. Four in 10 institutions (41%) plan increases of 6% to 10%, compared with 33% a year ago. Artificial intelligence (48%) is the top planned technology investment for the first time, followed by digital banking (38%) and data analytics (32%). While banks remain focused on growing deposits (64%) as their top strategic priority in 2026-2027, credit unions (40%) continue to place outsized emphasis on acquiring younger accountholders (Gen Z/Alpha).

“Financial institutions are in a high-stakes race for Gen Z and small business,” says Jennifer Geis, Senior Strategic Advisor of Corporate Strategy at Jack Henry and Managing Editor of the study. “Given Gen Z now drives most small-business formation—and given small-business deposits are 4-5X larger than retail—understanding and meeting the unique needs of “bizumers” is key to growth, whether you frame it in terms of deposits or demographics.”

Among the highlights from the survey:

PaymentsMore than nine out of 10 CEOs (94%) plan to add new payment services within the next two years, yet only 36% have a formal payments strategy in place.More than four out of five (82%) financial institutions plan to incorporate tap-to-pay as part of their strategy to add younger accountholders.Nearly half (47%) of CEOs plan to embed payments into their digital banking experience over the next two years.Small Business FocusThree out of four CEOs say they plan to expand services for small- and medium-sized businesses (SMBs).The most common planned addition is payment services, including FedNow®, request for payment, and tap-to-pay. 
 Cryptocurrency18% of CEOs plan to support stablecoins, tokenized money, and/or cryptocurrency by the end of 2027. This includes:Tokenized deposits/deposit tokensSupport for on-chain wallets for accountholdersAbility to orchestrate, exchange, and settle dollars to and from stablecoins/crypto.However, only 3% of CEOs report having a formal stablecoin strategy in place.
 Getting YoungerThe second most important strategic priority for credit unions (and fourth overall) is adding younger accountholders. It is also one of the top three concerns for CEOs.More than 40% of credit unions have a formal strategy, compared to just 10% of banks.Fintechs and neobanks are considered the biggest competitive threat in this area.Data analytics and AILeveraging data is the 5th most important strategic priority overall among banks and credit unionsPlans to implement AI grew double digits compared to last year1/3 of FIs plan to embed data collection/analysis tools within digital banking

The study’s results are based on an online survey conducted in January and February 2026 of a diverse sample of Jack Henry clients with assets ranging from less than $500 million to more than $5 billion. Download the eBook to learn more.

About Jack Henry & Associates, Inc.®
Jack Henry® (Nasdaq: JKHY) is a well-rounded financial technology company that strengthens connections between financial institutions and the people and businesses they serve. We are an S&P 500 company that prioritizes openness, collaboration, and user centricity – offering banks and credit unions a vibrant ecosystem of internally developed modern capabilities as well as the ability to integrate with leading fintechs. For 50 years, Jack Henry has provided technology solutions to enable clients to innovate faster, strategically differentiate, and successfully compete while serving the evolving needs of their accountholders. We empower approximately 7,400 clients with people-inspired innovation, personal service, and insight-driven solutions that help reduce the barriers to financial health. Additional information is available at jackhenry.com.

Statements made in this news release that are not historical facts are “forward-looking statements.” Because forward-looking statements relate to the future, they are subject to inherent risks and uncertainties that could cause actual results to differ materially from those expressed or implied by such statements. Such risks and uncertainties include, but are not limited to, those discussed in the Company’s Securities and Exchange Commission filings, including the Company’s most recent reports on Form 10-K and Form 10-Q, particularly under the heading “Risk Factors.” Any forward-looking statement made in this news release speaks only as of the date of the news release, and the Company expressly disclaims any obligation to publicly update or revise any forward-looking statement, whether because of new information, future events or otherwise.

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SOURCE Jack Henry & Associates, Inc.

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CorroHealth Honored As Stevie® Award Winner In 2026 American Business Awards®

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April 28, 2026

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PLANO, Texas, April 28, 2026 /PRNewswire/ — Leading revenue cycle technology company CorroHealth was named the winner of a Silver Stevie® Award in the Health Provider category in The 24th Annual American Business Awards®.

The American Business Awards are the U.S.A.’s premier business awards program. All organizations operating in the U.S.A. are eligible to submit nominations – public and private, for-profit and non-profit, large and small. This year, the program received more than 3,600 nominations from organizations across virtually every industry.

“We are honored to receive this prestigious award and to be recognized alongside many esteemed American business leaders,” said Pat Leonard, CEO of CorroHealth. “This acknowledgement reflects CorroHealth’s ongoing commitment to the healthcare industry, serving as the leading revenue cycle technology company built for the future of healthcare finance.”

CorroHealth earned recognition for its mission and purpose, transforming healthcare operations and driving innovation to deliver better outcomes for hospitals and health systems. The company was selected after a methodical nomination process and careful evaluation of its industry impact and dedication to bridging the gap between patient care and financial performance.

More than 250 professionals worldwide participated in the judging process to select this year’s Stevie Award winners. One judge who evaluated the nomination stated, “CorroHealth’s blend of expert driven services and AI-powered platforms delivers measurable, enterprise scale financial gains that far exceed industry norms.” The judges also recognized the company as a leader in innovation and operational excellence within the healthcare financial technology sector.

To learn more about CorroHealth, visit corrohealth.com.

About CorroHealth 
CorroHealth, the leading healthcare technology and revenue cycle management company that helps providers and payers improve financial performance through automation, data-driven analytics, and clinically led expertise. CorroHealth delivers integrated, scalable solutions that support complex reimbursement and documentation workflows, backed by a global workforce operating in more than 10 locations, including the United States, United Kingdom, India, and the United Arab Emirates. The company was recently named one of the “Top Places to Work in Healthcare in 2026” by Becker’s Healthcare and a Great Place To Work® Certified™ in India for the second time in two years. Further information is available at corrohealth.com.

About the Stevie Awards
Stevie Awards are conferred in nine programs: the Asia-Pacific Stevie Awards, the German Stevie Awards, the Middle East & North Africa Stevie Awards, The American Business Awards®, The International Business Awards®, the Stevie Awards for Women in Business, the Stevie Awards for Great Employers, the Stevie Awards for Sales & Customer Service, and the new Stevie Awards for Technology Excellence. Stevie Awards competitions receive more than 12,000 entries each year from organizations in more than 70 nations. Honoring organizations of all types and sizes, as well as the people behind them, the Stevies recognize outstanding workplace performance worldwide. Learn more about the Stevie Awards at http://www.StevieAwards.com.

Media Contact:
CorroHealth
Mellissa Gardner, Chief Marketing and Strategy Officer
mellissa.gardner@corrohealth.com

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SOURCE CorroHealth

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Singular Genomics Names John Stark as Chief Executive Officer as Company Builds on Spatial Platform Momentum

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April 28, 2026

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SAN DIEGO, April 28, 2026 /PRNewswire/ — Singular Genomics Systems, Inc. today announced the appointment of John Stark as Chief Executive Officer. This leadership transition comes as Singular builds on the launch of its market-leading spatial platform and enters its next phase, focused on expanding adoption, deepening strategic partnerships, and increasing the impact of multimodal spatial data across translational research, drug development, and future clinical applications. Josh Stahl will transition to a new role as Independent Director on the Board.

“With Singular’s G4X platform now successfully on the market, the company is positioned to realize spatial pathology’s potential across translational research and clinical applications,” said Allison Ballmer, Chair of the Board. “Josh strengthened Singular and repositioned the company’s technology, culminating in the successful launch of the G4X platform. John’s leadership experience will now help scale the business and capitalize on the opportunity to drive precision medicine forward.”

John brings more than 25 years of experience commercializing innovative technologies while scaling organizations and raising capital. Most recently, John served as Chief Executive Officer of Resolve Biosciences, a spatial biology platform company, where he drove partnerships and routine use across the translational, drug development, and clinical research markets. Prior to Resolve, John served as Chief Executive Officer of Quantum-Si, a next-generation single-molecule protein sequencing platform company, and Chief Executive Officer of Celsee, a single-cell genomics platform company acquired by Bio-Rad in 2020. Earlier in his career, he held senior leadership positions at Life Technologies, Pacific Biosciences, and Affymetrix.

“Singular has built a competitive spatial platform and a strong foundation in a rapidly evolving market,” said John Stark, CEO. “I’m excited to build on that momentum – deepening partnerships, scaling adoption, and unlocking broader value from spatial data across research, drug development, and precision medicine.”

“We thank Josh Stahl for building an exceptional foundation for Singular, and welcome John Stark, who brings a long history of commercial leadership to the company,” said Andrew ElBardissi, Partner at Deerfield Management. “We remain confident in Singular’s technology, market opportunity, and path to leadership in precision medicine and are committed to supporting the company’s continued growth.”

About Singular Genomics

Singular is a life science technology company focused on delivering high-throughput spatial pathology solutions to advance precision medicine. The company’s G4X™ Spatial Sequencer enables scalable, multiomic analysis directly in tissue, combining performance, throughput, and cost efficiency to support translational research, AI-driven insights, and clinical developments. Singular is headquartered in San Diego, California.

Forward-Looking Statements

Certain statements contained in this press release, other than statements of historical fact, may constitute forward-looking statements within the meaning of the federal securities laws. These statements are based on current expectations and involve risks and uncertainties that could cause actual results to differ materially. Singular Genomics undertakes no obligation to update forward-looking statements, except as required by law.

Media Contact
Darius Fugere
dariusf@singulargenomics.com

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SOURCE Singular Genomics

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