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Embedded Software Market Size, Share, Trends, Key Opinion Leaders | Impact of COVID-19

by mrfr 2022. 4. 20.

Market Scenario:

Embedded software is the special programming done on a chip in an embedded device to control its functions. The global market for embedded software will be driven by the steady growth of consumer electronic devices and the increased investments in the automation technologies adopted by the manufacturing sector. The market is also driven by the increasing demand for multimedia products and portable computing devices such as laptops. The rise in machine to machine (M2M) communication is leading to a parallel growth in demand of machine to machine embedded software. The Internet of Things (IoT) is an important driver, as all connected things contain embedded software. Increased adoption of embedded software in semiconductor industry is also driving the growth of this market. Increasing demand for smart electricity meters is anticipated to boost the embedded software market over the forecast period. The requirement for smart meters is expected to grow with the introduction of energy efficiency policies. The market is expected to grow substantially with the rising trend of wireless technology across various industry verticals such as healthcare and automotive among others.

 

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Key Players

The prominent players in the market of Embedded Systems Software market are – Enea Software AB ( Sweden), Green Hills Software (U.S.), IBM Corporation (U.S.), Intel Corporation (U.S.), Microsoft Corporation(U.S.), Advantech Industrial Computing India Pvt. Ltd (Taiwan), Emerson Network Power(U.S.), Microchip Technology Inc. (U.S.), Mitsubishi Electric Corporation(Japan) and STMicroelectronics(Switzerland) among others.

Global Embedded Software Market: Segmental Analysis

The global embedded software market has been segmented on the basis of applications and programming languages.

By mode of programming languages, the global embedded software market has been segmented into C, C++, .Net, Java, Assembly Language, and others. Among these, C is estimated to grow at the fastest rate owing to its short run-time and direct access to application program interface.

By mode of application, the global embedded software market has been segmented into radio & satellite devices, consumer electronics, healthcare, and automotive. Among these, the segment for consumer electronics is estimated to grow at the fastest rate owing to the rapidly adoption of electronic devices such as smartphones and tablets.

Regional Insights

Geographically, the embedded software market spans across North America, Asia Pacific, Europe, and Rest-of-the-World (RoW).

Among all the regions, North America is the expected to be the leading market owing to the growing demand for IoT in regions such as Canada and the US. The European region comprises countries like France, Italy, and Germany which have a high consumption rate for embedded software in consumer electronics and is likely to foster the market growth over the estimated period. Moreover, the growth of information and communication technology is estimated to drive the market growth in this region.

In Asia Pacific region, countries like India and China are under the developing phase. Demand for electronic products is increasing which is resulting in the growth of this region.

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Intended Audience

  • Software providers
  • System integrators
  • IT service providers
  • Automobile manufacturers
  • Third party suppliers
  • Hardware manufacturer
  • End users

About Us:

At Market Research Future (MRFR), we enable our customers to unravel the complexity of various industries through our Cooked Research Report (CRR), Half-Cooked Research Reports (HCRR), Raw Research Reports (3R), Continuous-Feed Research (CFR), and Market Research & Consulting Services.