Adapting to Market Forces | How Outsourced Device Programming is Solving Financial, Supply Chain & Staffing Challenges

The market for programmable devices is huge and continues to grow, driven by the relentless march of technological progress: new applications, better performance and more features. This market is expected to be worth an estimated $15.2 billion by the end of this year, compared to $7.9 billion in 2017. New products are being developed for IoT devices including smart home applications, industrial automation, or Industry 5.0, autonomous vehicles, and generally higher performance embedded systems which require specialized devices. These devices need to be programmed in order to perform the tasks demanded of them, and secured if they are Internet-Connected. Now, seemingly more than ever, there is a trend towards subcontracting the programming of these devices, propelled by market forces ranging from a volatile chip supply, a constrained labor market, the rising cost of capital investment and difficulty in raising debt. With these prevailing mega trends at play why is outsourcing your IC Programming a competitive and sustainable option to ensure your projects are rolled out on time and on budget? 👉 If you're looking to discover more podcasts similar to those from EPS Global, make sure to follow us for updates and recommendations 🎵Spotify: ⁠⁠⁠spotify/podcasts⁠⁠⁠ Subscribe for more content from EPS Global. Give a like, share with others! 🎯📌 💻LinkedIn: ⁠⁠⁠linkedin/epsglobal1⁠⁠⁠ 🐦X: ⁠⁠⁠twitter.com/epsglobal1⁠⁠⁠ #programming #outsourced #device #epsglobal