The main purpose of this thesis is to perform the analysis of the performance of an embedded system. In the first part are discussed some general concepts regarding the debugging and tracing operations and why these are fundamental in real-time applications, followed by a brief overview of the hardware software tools that have been used for this thesis. In the second part will be presented how it is possible to perform basic debugging and tracing with the Lauterbach uTrace in Trace32 environment.The major purpose of this thesis will be discussed on the third part, where have been developed two services that are able to set-up a complete debugging and tracing environment for a bare metal application and a uClinux application running on the TWR-K70F120M development board.Furthermore, in the last part of this thesis will be presented how these services works on a signal processing application, where different analysis will be performed..