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Embedded Intelligent Systems Market to Receive overwhelming hike in Revenues by 2025
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Along with including intelligent devices, embedded intelligent systems also include interconnected collections of these devices, such as sophisticated AI-based software systems, chatbots, and expert systems.
Market Overview:
In recent years, embedded intelligent systems have emerged as a big opportunity for technology suppliers, system vendors, and service providers, due to the rapid migration to more intelligent systems across the traditional embedded systems marketplace.
Presently, embedded intelligent systems are enabling new innovations, shifting competition away from incumbents across the supply chain and are driving new value across a highly fragmented ICT industry.
Market Dynamics:
Embedded intelligent systems find applications in numerous devices such as point-of-sale (POS) terminals, smart TVs, smart meters, video surveillance devices, traffic lights, automobiles functions, digital signage and airplane controls. With increasing adoption of these devices, the subsequent demand for intelligent systems is also expected to increase.
Major factors responsible for fuelling the growth of embedded intelligent systems market are - increasing demand for enhanced productivity and extend the life of systems, increasing adoption of adopt advanced user interfaces such as touch and other sensors, internet of things (IoT), and increasing awareness regarding monitoring of the health and usage of products and high-value assets.
Additionally, factors such as migration of users to high fidelity data networks in emerging economies, proliferation in smart devices, and pervasive demand for data from consumers and enterprises will boost the Embedded Intelligent Systems market growth during the forecast period.
Market Segmentation:
Embedded Intelligent Systems market is mainly classified on the basis of application area and regions.
On the basis of application area, the market is segmented as communications, computing, consumer electronics, energy & utilities, medical & healthcare, automotive and industrial.
Key Market Players
The major players in the embedded intelligent systems market include Intel Corporation, ARM Holdings, Advanced Micro Devices (AMD), Atmel Corporation, Infineon Technologies Ltd., NXP Semiconductors N.V., Samsung Electronics Corporation, and Renesas Electronics Corporation.
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Major players in the embedded intelligent systems market are investing significantly in developing systems equipped with latest technology and offer advanced functionality. To expand market presence across the globe, strategic partnership and collaborations with regional vendors is major strategy adopted by the leading vendors of the market.
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