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A new year has already begun, and the time has come to make new plans, set ambitious goals, and rethink priorities for the year ahead. In other words, it is time for us all to choose our direction and decide on our areas of focus. As for Auriga, we plan to deepen our expertise in software development for medical devices and implement the latest digital technologies in our new projects while at the same time staying focused on embedded software development.
The healthcare industry is one with high potential for technological innovation. New medical technologies evolve at a rapid pace, enabling digital health, mHealth, and telemedicine. According to P&S Market Research, the global digital health market, valued at $76,724 million in 2015, is expected to grow at a CAGR of 21% during 2016–2022, and the mHealth segment is expected to witness the fastest growth, with a CAGR of 34% during the forecast period.
In 2016, we at Auriga worked hard to deepen our expertise in medical technologies. Our initiatives and projects for the healthcare domain included re-engineering of an outdated life-supporting healthcare product, developing a big data solution for cardiac monitoring, ensuring interoperability between medical devices, providing healthcare information security, and delivering a telemedicine solution to prevent disabling conditions. The end of the year marked the release of Auriga HL7 Library, an open source tool that facilitates software development for the healthcare industry.
With over 13 years of hands-on experience in MedTech, Auriga is an attractive partner for medical device manufacturers. Not only do we have dozens of successfully completed healthcare projects in our portfolio, but we have also gained the invaluable recognition of the international community. Software development for medical devices has long been one of our top priorities, and in 2017, we look forward to new innovative and complex projects in this area.
Digitalization is clearly sweeping the globe. What once sounded like a buzzword has infiltrated daily life on both personal and professional levels. Recent years have witnessed the growing penetration of the Internet of Things (IoT) into our homes and environments, personalization driven by Big Data analytics, the rising adoption of cloud-based services, and unprecedented connectivity provided by innovative mobile solutions, and the spread of these new digital technologies has changed our world forever.
According to MarketsandMarkets research, the digital transformation market size is estimated to grow from $148 billion in 2015 to $392 billion by 2021, at a CAGR of 18.7% from 2016 to 2021. The major factors driving the remarkable growth of the market include the increased demand for IoT and increased innovation offered by various digitalization techniques.
Elena Baranova, Auriga’s Director of Engineering, made the following comment:
Digitalization touches practically every industry and opens up immense possibilities in such areas as healthcare, telecommunications, finance, automotive, and many others. We at Auriga constantly keep abreast of the latest digitalization technologies and encourage in-house initiatives to enhance our knowledge and expertise. In 2016, our engineers worked on a broad range of projects connected with IoT, mobile, big data, and cloud technologies, and I expect the number of such projects to grow in 2017.
Embedded software is the heart of all intelligent devices and systems of today. Whether it be a cell phone, a home appliance, sophisticated medical equipment, an energy generation system, or a satellite high in the sky, embedded technology is what makes them all work.
The analysts forecast that the global embedded software market will grow at a CAGR of 9.4% during the period 2017–2021. The hot topics that are expected to shape embedded software in 2017 include IoT, processor technology, artificial intelligence (AI), data storage, safety and security, augmented reality (AR), and virtual reality (VR).
Auriga has been delivering embedded solutions since the very beginning of its operation. Since 1990, our engineers have participated in the development, customization, and support of embedded systems for such companies as IBM, Dräger Medical, LynuxWorks, and others. Embedded software development has always been one of the main focus areas for Auriga, and 2017 will be no exception. We will continue to offer our customers our extensive experience, innovative solutions, and various models of cooperation.