Press release
Global Embedded Software Market By Major Players: ENEA, Green Hills Software, IBM, Intel, Microsoft, Advantech, Microchip, Mitsubishi, STMicroelectronics, Express Logic, LG CNS, Mentor Graphics, National Instruments, Segger, Texas, Renesas, HCL, Qualcomm,
Embedded Software Market
The embedded software market growth is attributed to the increasing adoption of smart devices in the consumer electronics and healthcare sector. The deployment of IoT technologies in smart and connected devices has enabled the end user to establish cross-device connectivity and implement smart features in operating systems. The use of IoT-enabled OS assists the user to control the home appliances remotely through smartphone/tablets. Further, such technologies help the consumer electronics companies to boost their production and operation processes by around 40%. In addition, efficient power consumption and high cost savings are also anticipated to augment the embedded software market. Embedded Software market is projected to surpass USD 19 billion by 2024. The adoption of embedded software allows the enterprises to facilitate high energy conservation by minimizing the power consumption of traditional systems.
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Top Key Players:
The key players operating in the embedded software market are ENEA, Green Hills Software, IBM, Intel, Microsoft, Advantech, Microchip, Mitsubishi, STMicroelectronics, Express Logic, LG CNS, Mentor Graphics, National Instruments, Segger, Texas, Renesas, HCL, Qualcomm, Toshiba, Via, Dexcel, Graphene, and Qualitat systems.
Market share calculation in this report is not done based on companies covered in it. The calculation of embedded software market share is done based on a regional approach and countries covered. On request, additional companies can be covered as well as regional data for particular country / countries can be provided.
Regional Segmentations: -
North America dominates the embedded software market with a share of more than 51% in 2017 due to the presence of key players in this region. Microsoft, Intel, and Microchip are some of the major industry leaders of the market in the U.S. Moreover, a rise in the number of startup companies offering innovative software solutions is also expected the augment the growth of the region over the forecast timeline. Canada is expected to witness the highest market growth with a CAGR of more than 7% between 2018 and 2024.
The Asia Pacific embedded software market is expected to record a CAGR of more than 10% over the forecast period. In July 2018, Chinese chip manufacturer, Chengdu Haiguang IC Design Co., has started the development of the x86 processors named “Dhyana” that includes their operating system. This strategic move helped the Chinese manufacturers to reduce their dependence on the operating systems of the U.S. A surge in disposable incomes of developing countries including India, Japan, and South Korea will also augment the embedded software market.
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Partial Chapter of the Table of Content
Chapter 1. Methodology & Scope
1.1. Methodology
1.1.1. Initial data exploration
1.1.2. Statistical model and forecast
1.1.3. Industry insights and validation
1.1.4. Scope
1.1.5. Definition
1.1.6. Methodology and forecast parameters
1.2. Data Sources
1.2.1. Primary
1.2.2. Secondary
1.2.2.1. Paid sources
1.2.2.2. Public sources
Chapter 2. Executive Summary
2.1. Embedded software industry 360º synopsis, 2013 - 2024
2.1.1. Region trends
2.1.2. Operating system trends
2.1.3. Function trends
2.1.4. Application trends
Chapter 3. Embedded Software Industry Insights
3.1. Introduction
3.2. Industry segmentation
3.3. Embedded software industry landscape
3.4. Industry ecosystem analysis
3.5. Embedded software architecture analysis
3.6. Embedded software evolution
3.7. Embedded software standards
3.7.1. DO-178B
3.7.2. MISRA C
3.7.3. OSEK/VDX
3.7.4. GENIVI
3.8. Technology & innovation landscape
3.8.1. Virtual and augmented reality
3.8.2. Artificial Intelligence (AI)and machine learning
3.8.3. Internet of Things (IoT)
3.9. Industry impact forces
3.9.1. Growth drivers
3.9.1.1. Advancement in latest technologies of IoT, artificial intelligence and machine learning
3.9.1.2. Rising significance and market penetration of embedded OS in automotive sector
3.9.1.3. High investment in R&D activities
3.9.1.4. Surge in demand of embedded OS in consumer electronics & healthcare industry
3.9.2. Industry Pitfalls and Challenges
3.9.2.1. Lack of skilled professionals
3.9.2.2. Safety & security issues of embedded OS
3.10. Porter’s Analysis
3.11. PESTEL analysis
3.12. Growth potential analysis
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The automotive industry is expected to witness the highest CAGR of more than 11% over the forecast timeline due to a rise in the market prominence of embedded OS in the electric and hybrid electric vehicles. A rise in the demand for enhanced in-vehicle infotainment systems such as navigation systems, parking assistance, adaptive cruise control, and airbag system is expected to drive the market. The integration of these technologies into automobiles enables the companies to offer safety, security, and scalability to their end users. Further, the development of these technologies enables the manufacturers to stabilize the car in a critical situation and prevent the driver from steering out of control.
The real-time system in embedded software market is projected to register the highest growth with a CAGR of more than 12% during the forecast period. The growth in this segment is attributed to error-free task management and the use of preemptive kernel method in the system. The real-time system is classified into two types, soft and hard. The soft RTS offers less accuracy and strictness on time while hard RTS delivers the exact output at the required time.
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