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NATICK, Mass., September 23, 2004. A recent report by Venture Development Corporation forecasts the market for embedded merchant COTS boards, integrated systems, operating systems and software development tools to grow at a compound annual growth rate of 6.27%, reaching an estimated $3.25 billion by 2008.
The report cites the 2003 market as $2,399.9 million, and projects the 2008 market as $3,245.4 million, for combined North American and european COTS merchant shipments and projections.
The merchant COTS market comprised 0.4% of combined North American and Western European defense expenditures in 2003. Although this represents only a small fraction of total military expenditures, COTS is still a very attractive market.
United States military expenditures account for 47% of global military spending and are more than double those of Western Europe, so it's not surprising that North America represented 76.4% of the total market for the examined embedded COTS products in 2003.
Another factor that contributed to this number was that the study based its geographic allocation of merchant COTS product shipments on the shipment delivery destination, not the country of final deployment. Thus it is probable that some of the merchant boards and systems originally shipped to US destinations were included in aircraft, naval vessels, etc. that were purchased by foreign governments.
The study was also affected by a substantial increase of military spending in the United States brought on by the recent conflicts in Afghanistan and Iraq.
Venture Development Corporation (VDC) is an independent technology market research and strategy consulting firm that specializes in a number of embedded, industrial, defense and niche enterprise IT markets. VDC has been operating since 1971, when the firm was founded by graduates of the Harvard Business School and Massachusetts Institute of Technology. Today, we employ a talented collection of analysts and consultants who offer a rare combination of expertise in the market research process; experience in technology product and program management, and formal training in engineering and marketing. VDC's clients include thousands of the largest and fastest growing tech suppliers in the world and the most successful investors participating in the markets we cover.
For more information, see www.vdc-corp.com. And to view the press release, including charts go to: http://www.vdc-corp.com/embedded/press/04/pr04-48.html.
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