Embedded Software Market growth will be driven by increasing demand for advanced software programs | Key Players include Intel, Microsoft, Mitsubishi, Toshiba, Mentor Graphics, Green Hills Software, HCL Technologies, IBM

Embedded Software Market growth will be impelled by rising demand for IoT-enabled software development for embedded systems in the consumer electronics and healthcare industry. A rise in the use of smart wearables and web-enabled TVs to offer enhanced technological convergence in a single device is also anticipated to fuel the market. The adoption of embedded software allows the enterprises to facilitate high energy conservation by minimizing the power consumption of traditional systems.

Request for a sample of this research report @ www.gminsights.com/request-sample/detail/478

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. Embedded Software Market growth is fueled by rising demand for advanced software programs offering multi-functional capabilities.

Company profiled in this report based on Business overview, Financial data, Product landscape, Strategic outlook & analysis:

1. IBM
2. Intel Corporation
3. Microsoft
4. Advantech
5. Microchip Technology Inc.
6. Mitsubishi Corporation
7. STMicroelectronics
8. HCL
9. Mentor Graphics

Growth Drivers:

• Advancement in latest technologies of IoT, artificial intelligence and machine learning

• Rising significance and market penetration of embedded OS in automotive sector

• High investment in R&D activities

• Surge in demand of embedded OS in consumer electronics & healthcare industry

Speaking more about the technological advancements in the embedded systems, a few days before GrammaTech, Inc. has received USD 3.5 million from the Department of Homeland Security to modernize open-source static analysis tools. In order to complete the project, this leading commercial embedded software assurance tools and cybersecurity solutions provider will work with Secure Decisions of Northport. GrammaTech, Inc. will use machine learning to evaluate static analysis tools that will detect cyber vulnerability in the open source software system very effectively.

Make an inquiry for buying this report @ www.gminsights.com/inquiry-before-buying/478

Embedded Software Market in 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 growing trend of wearable smart devices will also proliferate the embedded software market growth. Wearable devices encompass a bunch of sectors such as healthcare, security, etc. and will therefore bring immense opportunities on the board for the embedded software market players. All these sectors strive for product efficiency as well as optimum resource utilization, needing a simple system to deal with the complexities, thereby boosting the global embedded software industry share. Growth in the consumer electronics industry owing to the surging demand for electronics devices like Tablets, Smartphones, laptops, etc. will further accelerate the embedded software market size.

Embedded Software Market in 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.

Browse key industry insights spread across 150 pages with 177 market data tables & 35 figures & charts from the report, Embedded Software Market in detail along with the table of contents:

https://www.gminsights.com/industry-analysis/embedded-software-market

The growing IoT industry which itself has limitless potentials, will bring immense growth opportunities for the embedded software market players. The software will reduce the complexities which the developers face while designing the various IoT products. The industry will witness various mergers & acquisitions and strategic collaborations to improve their product range and quality. For instance, a recent collaboration was the acquisition of Micrium RTOS by Silicon Labs to bet on the IoT landscape.

Embedded Software Market in 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.

The global market for embedded software is quite promising. North America accounted for over 51% of the overall embedded software industry share in 2017, and is likely to continue its lucrative growth trajectory over the coming years. A large industry base across this region makes it a lucrative ground for embedded software market. Additionally, the region has been privy to a rise in the number of startups designed to offer highly innovative software solutions in the U.S. that will help the continent establish an authoritative position across the global business space.

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.

Browse Related Reports: https://www.openpr.com/news/1674084/Testing-Inspection-and-Certification-TIC-Services-Market-is-impelled-by-increasing-concerns-among-consumers-for-improved-quality-of-products-services-Top-Players-are-SAI-Global-SGS-SOCOTEC-Applus-BSI-Bureau-Veritas-DEKRA.html

About Global Market Insights

Global Market Insights, Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider; offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy and biotechnology.

Contact Us

Arun Hegde
Corporate Sales, USA
Global Market Insights, Inc.
Phone: 1-302-846-7766
Toll Free: 1-888-689-0688
Email: sales@gminsights.com
Web: www.gminsights.com
Blog: www.industry-source.org

This release was published on openPR.