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Embedded Software Market in RTOS segment to witness 11% CAGR over 2019-2025 | Key Players are Intel, Microsoft, Mitsubishi, Toshiba, Mentor Graphics, Green Hills Software, HCL Technologies, IBM
Embedded Software Market
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Embedded Software Market in real-time system segment is expected to gain momentum during the forecast timeframe. The growth in this segment is attributed to error-free task management and use of the pre-emptive kernel methode in the system. The real-time system is classified into two, soft and hard. A soft RTS offers less accuracy and strictness on time while a hard RTS delivers the exact output at the required time. In August 2017, Mie Fujitsu Semiconductor Limited (MIFS) launched an automotive 40nm technology using SuperFlash memory licensed by the Silicon Storage Technology (SST). SST's embedded memory solution enabled the company to offer a high-density and low-power IC designs for various applications in the automobile industry.-
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
The standalone embedded system held the highest share of over 70% in the embedded software market in 2018. A standalone embedded system is simple and less complex and performs the execution of tasks on its own without depending on any other components. The embedded systems are commonly used in consumer electronics, automobiles, and process control industries to perform inter-communication between devices without the help of any host network. The increase in the demand for the consumer electronics industry is anticipated to augment the growth of the market. The rise in applications of smart wearables and smartphones is also projected to drive the growth of the market during the forecast period.
Endowed with a profound application landscape spanning the automotive, healthcare and IoT sectors, the embedded software market has witnessed tremendous growth over the recent years. In the proliferating automobile sector in particular, the technology is used to drive complex embedded systems that perform vehicular applications like adaptive cruise control, anti-lock brake controls, GPS navigation, drive by wire, airbag control, suspension adjustment, wiper controls, tire pressure monitoring and more.
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The Asia Pacific embedded software market is projected to exhibit a CAGR of over 10% during the forecast period. The market growth is attributed to factors such as increased adoption of Real-time Operating System (RTOS) software in embedded systems catering to business requirements of customers in various industry verticals such as manufacturing and aerospace. The advancements in the field of embedded systems and vehicular technologies have simplified the process of sending and receiving real-time information about vehicle systems. This will also lead to an increase in the adoption of embedded systems in the automobile sector.
North America embedded software market held a major share of over 50% in 2018 due to the presence of key players such as Intel, Microsoft, and IBM in the region. The rise in demand for IoT & connected devices to offer smart & connected devices and reduce human intervention in the U.S. is helping the market growth. In June 2018, HSBC Bank partnered with SoftBank Robotics America to bring the humanoid robot, Pepper, into the bank branch. This partnership helped the bank in streamlining bank operations, allowing bank staff to have enhanced customer engagement. The robot will educate customers about the basic product information and inform them about the self-service banking options.
Embedded software-equipped products are thus witnessing growing adoption on account of their cost-saving property and efficient power consumption offering. With real-time systems, businesses can develop high-performance & low maintenance systems at profitable prices. The technology also helps reduce the overall development time & risks associated with product failure by accurately monitoring products on a real-time basis. As per estimates, embedded software market size is anticipated to exceed USD 20 billion by 2025.
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 key industry insights spread across 284 pages with 344 market data tables & 35 figures & charts from the report, “Embedded Software Market Size, By Operating System (General Purpose Operating System (GPOS){Windows, Linux[Ubuntu, RedHat, Debian, OpenSUSE, Fedora], Android}, Real Time Operating System (RTOS){VxWorks, QNX, FreeRTOS, ARM Mbed}), By Function (Standalone System, Real Time System, Network System, Mobile System), By Application (Automotive, Consumer Electronics, Manufacturing, Retail, Media & Entertainment, Military & Defense, IT & Telecom), Industry Analysis Report, Regional Outlook (U.S., Canada, UK, Germany, France, Italy, Spain, China, Japan, Australia & New Zealand (ANZ), South Korea, India, Brazil, Mexico, GCC, South Africa) Growth Potential, Competitive Market Share & Forecast, 2019 – 2025” in detail along with the table of contents:
https://www.gminsights.com/industry-analysis/embedded-software-market
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