Market Highlights
Embedded software market is expected to grow at CAGR of ~9% during the forecast period and expected to reach market size of US ~$19 Billion by the end of forecast period. The global Embedded Software Market has seen remarkable opportunities as consumption percentage of electronic goods are increasing. In this competitive scenario, of smart technology, there is a huge demand of embedded software for all real time operations. The demand for real time operating systems across various industries such as consumer electronics, healthcare, automotive and others is creating a huge scope for the growth of embedded software market.
Automotive is the biggest market for embedded software and as this industry has grown in last decade, where demand for embedded software has been boosted up. The increasing use of embedded software in wearable devices such as watches and healthcare devices are also leading the market of embedded software. It allows manufacturers to develop sophisticated devices with high power-efficiency, fast performance and high productivity. Rising consumer demand for electronic devices such as tablets, smartphone as well as computers is projected to offer high potential to embedded software market size.
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Key Players
The prominent players in the market of Embedded Software Market Report 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.
Embedded Software Global Market - Segmentation
- Segmentation by Programming language: C, C++, Assembly Language, Java, .Net and others
- Segmentation by Application: Consumer Electronics, Healthcare, Automotive and Radio & Satellite Devices among others
Embedded Software Global Market - Regional Analysis
Embedded Software Market is growing with the positive growth in all the regions. Increasing application areas on yearly basis and advancement in technology are some of the major driving factor of the market across the globe. By geography, North America is leading the market of embedded software. High development in the field of Internet of things (IOT) in nations such as US and Canada are supporting the embedded software market. Also, presence of global players in the region gives North America a competitive advantage over other countries. Europe stands as second largest market due to the presence of developed countries such as Germany, France, and Italy. Europe is also one of the largest integrator of IoT with the several industries giving boost to the market of embedded software. Asia Pacific has emerged as fastest growing market. rich presence of manufacturing companies in China, India, Japan, Taiwan and South Korea. The region is also one of the prominent leader in semiconductor industry and largest exporter around the world which is boosting the market of embedded software.
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Intended Audience
- Software providers
- System integrators
- IT service providers
- Automobile manufacturers
- Third party suppliers
- Hardware manufacturer
- End users
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