Embedded computing industry: moving from experimentation to transformation | Hyper growth recorded in the future

In the year 2015, North America was the highest revenue-generating region owing to the high adoption of technology, higher standards of living, and the presence of dominant market players. Asia-Pacific was the second largest market, in terms of revenue generation, and is expected to obtain a dominant position during the forecast period.

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According to a global study by Allied Market Research, the global market for embedded computing is expected to garner $236.5 billion by 2022, registering a CAGR of 6.2 percent. Major factors that boost the demand for embedded computing systems in the Asia-Pacific region include increasing adoption of technology, declining prices of consumer electronics, and improving living in countries such as India and China. In addition, evolution in the Internet of things and increasing demand for connected devices are projected to drive market growth worldwide.

Within the hardware segment, the microprocessors dominated the market in 2015, with around 63% market share, owing to high performance, innovations, and continuous improvement in a variety of end user-applications such as tablets, energy management systems, automation of processes, mobile devices, and others. Among the key end users, the communications segment led the market followed by consumer electronics segment, both collectively accounting for around 64% of the market revenue in 2015. The dominance of these sectors is due to the increasing penetration of smartphones, wearable devices, gaming consoles and Internet, particularly in the developing regions.

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Key Findings of the embedded computing market:

•Major driving forces for the growth of embedded computing market are increasing penetration of consumer electronics, rising uptake of artificial intelligence, growing automation of processes, and rising technological advancements.
•Microprocessors dominated the embedded computing market in 2015; however, the microcontrollers segment is expected to grow at the fastest CAGR during the forecast period.
•North America dominated the market in 2015, and LAMEA is expected to register the fastest growth over the forecast period.

Comprehensive and Competitive Analysis of Leading Industry Players

•Atmel Corporation
•Microchip Technology Inc.
•Intel Corporation
•Renesas Electronics Corporation
•Fujitsu Limited
•ARM Holdings PLC
•IBM
•Microsoft Corporation
•QUALCOMM Incorporated
•Texas Instruments Incorporated

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