Embedded Software Market Analysis & Technological Innovation by Leading Key Players - ENEA, Green Hills Software, IBM, Intel, Microsoft, Advantech, Microchip, Mitsubishi, STMicroelectronics, Express Logic, LG CNS, Mentor Graphics, National Instruments, Se

MarketStudyReport.com Adds New Embedded Software Market 2018 – 2024 research report providing information and data By Operating System, By Function, By Application, Industry Analysis, Regional Outlook, Growth Potential, Trends, Competitive Market Share & Forecast spreading across 150 Pages with table and figures in it.

Embedded Software Market Research Report for the period of 2018-2024 that shows the growth of the market is rising at a 7% CAGR to 2024.

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. Technological advancements paired with innovation and an increase in industrialization have helped the manufacturers to develop embedded systems with a fully functional operating system. An increase in the complexity of motherboards by using dozens of microprocessors and microcontrollers in the legacy hardware has led to the demand for operating systems across industry verticals. Further, a surge in the demand for advanced software programs offering multi-functional capabilities is also expected to fuel the growth of the market. For instance, ARTX-166 is an advanced, real-time kernel developed for Infineon XC16x and C16x as well as STMicroelectronics S10 microcontrollers group.

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The RTOS segment is projected to witness the highest market growth with a CAGR of over 11%. An increase in the market penetration of development of special-purpose hardware integrated with real-time operating systems such as Fusion RTOS, Thread X, LynxOS, and VxWorks is anticipated to have a positive impact on the growth of the market. Further, the RTOS-enabled devices allow the business to perform inter-task communications and multitasking operations without human intervention.

The real-time systems segment is anticipated to observe the highest growth with a CAGR of over 12% during the forecast period. This growth is attributed to a rise in the demand for safety-critical hardware in the defense industry. The integration of RTS devices into existing weapons enables the manufacturers to prevent the malicious functioning of devices by the development of systems complying with DO-178B safety standards. Moreover, these devices are classified into two types, hard real-time systems, and soft real-time systems. Hard RTS devices are deterministic and have a time constraint, which means that every process needs to be completed in a given deadline. While in soft RTS devices, the system can miss some of its deadlines without affecting the overall performance of the system.

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.

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The major key players operating in 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. The key players of the market focus on mergers & acquisitions, partnerships and new product development strategies to strengthen their presence in the market. For instance, Green Hills Software has partnered with Imagination Technologies to provide support for MIPS I6400 CPU with its Integrity RTOS software. This partnership helped the company to provide highly efficient solutions to autonomous vehicles, Advanced Driver Assistance Systems (ADAS), and networking, requiring the maximum security and reliability.

Table of Content:

Chapter 1. Methodology and Scope
Chapter 2. Executive Summary
Chapter 3. Embedded Software Industry Insights
Chapter 4. Competitive Landscape, 2017
Chapter 5. Embedded Software Market, By Operating System
Chapter 6. Embedded Software market, By Function
Chapter 7. Embedded Software market, By Application
Chapter 8. Embedded Software Market, By Region
Chapter 9. Company Profiles

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Related Report:
Global Embedded Software and Tools Market Size, Status and Forecast 2025

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https://www.marketstudyreport.com/reports/global-embedded-software-and-tools-market-size-status-and-forecast-2025

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