Market Highlights
The Embedded software Market Segment is having an expectation of 9 % growth by 2022 from 2016 which is possible by the safety and security concerns with real-time constraints.
Growth Drivers and Key Restraints
The global Embedded Software Market will be driven by the most abundant factor that slays the steady growth of consumer electronic devices as well as surged investments in the automation technologies that are being adopted by the manufacturing sector at a rapid pace. As embedded software is known for its special programming that is done on a chip to control the functions, it has been in brisk demand for its more advantageous nature. Due to this, the market is getting a considerable push in the present at a substantial rate.
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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.
Market Segmentation
The global embedded software market is bifurcated with in terms of programming languages and applications.
The programming language segment mentioned in the study is C, C++, Assembly Language, Java, Net, and many more.
In terms of the applications: Consumer Electronics, Healthcare, Automotive, and Radio & Satellite Devices, among others, are the segments.
Regional Analysis
The region-wise study of the Embedded Software market is done in the regions of Asia Pacific, North America, Europe, and the Rest of the World (RoW).
Among these, the North American region is leading the market of embedded software. Due to the growth in the Internet of things (IoT) in countries such as the US and Canada are highly supporting the embedded software market.
Europe, with its countries such as Germany, France, and Italy, are the developed ones and have a tremendous consumption rate for embedded software in consumer electronics. Apart from this, the growth of information and communication technology in the automotive sector is also likely to drive the growth of the embedded software market in the Europe region.
In the last, the Asia-Pacific region has also emerged as the fastest-growing market for the embedded software market. As countries such as China and India in the Asia-Pacific region are under the developing phase, the demand for electronic products is escalating, which has been noted to be the leading factor for the growth of this region for 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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