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FOR IMMEDIATE RELEASE
Contact:
Eugene Won
Senior Director of Marketing & Client Services
VDC Research
(508) 653-9000, ext.122
ewon@vdcresearch.com
Software and System Complexity Fueling Requirements Management and Product Line Engineering Tool Markets, According to VDC Research
Transition to Modern, Collaborative Practices Encouraging Tool Selection Supporting Multiple Development Methodologies
NATICK, MA | January 9, 2018 - The global market for requirements management and definition tools (RM) will grow at a compound annual growth rate (CAGR) of 8.9% through 2020, according to a new report by VDC Research (click here for more information). Development teams are more frequently turning to these tools to help mitigate the impacts of escalating system complexity, IoT connectivity demands, and process standard compliance. The transition to using modern, collaborative development practices such as Agile, cross-engineering domain integration, and DevOps is encouraging organizations to select tools that can support multiple development methodologies, as well as distributed teams possessing different levels and areas of expertise.
According to VDC, development organizations across the embedded, enterprise, independent software vendor (ISV) and semiconductor markets are increasingly adopting commercial RM tools to mitigate the impact of a host of challenges. “These include rising security concerns and mandates from safety-critical development standards, the growing importance of software in delivering device functionality, and the need to more frequently certify software code compliance with industry or reporting standards,” said Andre Girard, Senior Analyst of IoT and Embedded Technology at VDC. RM use rates are higher in larger companies (more than 1,000 engineers) than at smaller organizations due to the greater financial and operational impact of project delays and failing to comply with development standards. “As small and mid-size companies more frequently adopt RM tools, ease of use and the flexibility to support evolving development practices are becoming more impactful selection criteria,” said Girard.
VDC’s report shows that rising interest in formalizing variant management development processes is fueling adoption of PLE tools. Manufacturers are increasingly adopting PLE tools to help create and manage multiple product lines for global markets, facilitate reuse across multiple teams for cross-engineering domain integration purposes, and to improve the efficiency of updating systems that have certification mandates. The automotive and aerospace and defense vertical markets generate the vast majority of PLE revenue, as use of the tool is still nascent in many industries. “However, there is great potential benefit to PLE use in the production lower-end embedded products, such as consumer electronics devices and mobile phones,” said Girard. “OEMs in these industries develop a large number of closely related products and distribute to a global market.”
The full report analyzes the global market for commercially available RM and PLE tools employed in the development of embedded/IoT or enterprise/IT software and systems. Tools covered in this report are used primarily for requirements elicitation, definition, and management or to engineer portfolios of related products.
Click here for more information on this research.
About VDC Research
Founded in 1971, VDC Research provides in-depth insights to technology vendors, end users, and investors across the globe. As a market research and consulting firm, VDC’s coverage of AutoID, enterprise mobility, industrial automation, and IoT and embedded technologies is among the most advanced in the industry, helping our clients make critical decisions with confidence. Offering syndicated reports and custom consultation, our methodologies consistently provide accurate forecasts and unmatched thought leadership for deeply technical markets. Located in Natick, Massachusetts, VDC prides itself on its close personal relationships with clients, delivering an attention to detail and a unique perspective that is second to none.
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