Embedded Software Market 2018 Global Size, Share, Growth Factors, Development Status, Latest Trends, Business Strategy, Statistics, Key Players Analysis and Regional Forecast to 2023

Market Research Future
Market Research Future published a research report on “Global Embedded Software Market Research Report- Forecast 2022” – Market Analysis, Scope, Stake, Progress, Trends and Forecast to 2022.

Market Scenario

The global embedded software market is estimated to expand at 9 % CAGR over the assessment period (2017-2022) owing to the steady growth of consumer electronic devices. Embedded software is a special computer programming written on chips and applied on real-time systems such as airplanes, teller machines, and missiles. This software is generally developed for special purpose hardware which uses real-time operating systems like Windows CE, ThreadX, LynxOS, Linux, VxWorks, Fusion RTOS, and Integrity. Once the software is implemented and embedded into the hardware, it cannot be altered by the user.

Drivers and Constraints Impacting the Market

With the steady growth in consumer electronic devices and growing investment in the automation technologies, the global market for embedded software is estimated to propel over the review period. Demand for portable computing devices such as laptop and multimedia products are also propelling the market growth. Moreover, growing demand for smart electricity meters along with increasing acceptance of embedded software in semiconductor industry is likely to gain traction in the global market over the review period. With the increasing trend of wireless technology across different verticals like automotive and healthcare, the market is predicted to grow at a substantial rate.

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Increasing adoption of wearable devices across several applications such as security, medical, fitness, and safety are likely to drive the global market for embedded software. These devices offer high-performance features for next-generation applications. It also allows manufacturers to develop sophisticated devices with fast-performance, power-efficiency, and high productivity. Moreover, increasing demand for electronic devices like smartphones and tablets as well as computers are estimated to offer high potential to this market globally.

On the flip side, the market growth can be restrained by the increased security and safety concerns, and real-time constraints. Moreover, design constraints about real-time embedded system is also a major factor inhibiting the market growth in this region.

Key Players

The prominent players in the market of Embedded 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.

Industry News

HCC Embedded software developers have extended the range of platforms supported within its Advanced Embedded Framework to include the ChibiOS real-time operating system. Embedded developers can now add HCC Embedded’s quality communications, security, and flash file system software to a variety of complex ChibiOS-based designs to reduce time to market and improve product reliability.

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

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