BOULDER, Colo.--(BUSINESS WIRE)--RISC-V is generating a new wave of enthusiasm among developers due to its open source nature, versatile instruction set architecture (ISA), and contributions from participating RISC-V Foundation members. According to a new report from Tractica, the RISC-V movement is experiencing a dynamic period of growth, with many announcements regarding companies that are adopting RISC-V or introducing new tools for the architecture. The versatility and open source nature of RISC-V are allowing the architecture to be used in a wide range of applications spanning artificial intelligence (AI), Internet of Things (IoT), computers, communications, and others.
Tractica forecasts that global revenue for RISC-V-based IP and software and tools will increase to $1.1 billion in 2025, up from $52 million in 2018.
“It is difficult to develop a successful and viable product in a market that caters to a fundamental component such as a processor,” says principal analyst Anand Joshi. “There have been many architecture failures over the past several years. However, there is significant interest in RISC-V from both software and hardware developers. Many well-known semiconductor companies have started using RISC-V in their chipsets and prominent tool vendors have started offering development tools.”
Tractica’s report, “RISC-V Processors”, examines the global RISC-V market trends, drivers, barriers, and technology issues. The study assesses the emerging business models, applications, and ecosystem related to the development of RISC-V. Global market forecasts, broken out by segment, region, application, bit width, and component, extend through 2025. The report also explores the limitations of RISC-V, compares it to ARM, and provides profiles of key industry players. An Executive Summary of the report is available for free download on the firm’s website.
Tractica, an Informa business, is a market intelligence firm that focuses on emerging technologies. Tractica’s global market research and consulting services combine qualitative and quantitative research methodologies to provide a comprehensive view of the emerging market opportunities surrounding Artificial Intelligence, Robotics, User Interface Technologies, Advanced Computing, Connected & Autonomous Vehicles, and Wearables & Digital Health. For more information, visit www.tractica.com or call +1.303.248.3000.