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.
The global Embedded Software Market is expected to grow from US ~$10 Billion in 2016 to US~$ 19 Billion by 2022, at an estimated CAGR of ~9%. The growth of this market can be constrained by the increased safety and security concerns along with the real time constraints. Embedded software possesses memory and processing constraints because of limited computing capabilities of devices. Design constraints pertaining to real time embedded system are also hindering the progress of embedded software market.
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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.
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.
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.
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- Software providers
- System integrators
- IT service providers
- Automobile manufacturers
- Third party suppliers
- Hardware manufacturer
- End users
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