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Global Embedded Software Market Share 2020-2025 By Key Players:Green Hills Software, HCL Technologies, IBM, Intel, LG CNS, Microsoft, Mitsubishi, National Instruments, Renesas Electronics, STMicroelectronics, Texas Instruments, Toshiba, Mentor Graphics, M
Embedded Software Market
The on-going modernization of software-assisted hardware devices and the development of smart appliances are thus poised to propel embedded software market share. In addition, the frequent mergers and acquisitions conducted by industry players to trigger competition is further likely to enhance the business growth over the years ahead.
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Company profiled in this report based on Business overview, Financial data, Product landscape, Strategic outlook & SWOT analysis:
1. IBM
2. Intel Corporation
3. Microsoft
4. Advantech
5. Microchip Technology Inc.
6. Mitsubishi Corporation
7. STMicroelectronics
8. HCL
9. Mentor Graphics
Additionally, in the booming era of electric vehicles, embedded software has effectively helped enhance driving experience for users by monitoring key vehicle aspects like power electronics devices as well as controlling tasks like battery management and power flow control. The proliferation in autonomous self-driving vehicles has also helped embedded software market garner lucrative returns. For instance, renowned global auto giants like Volkswagen, GM, Tesla, Waymo, BMW have been investing heavily in the autonomous vehicles sector. Reports from the Society of Motor Manufacturers and Traders (SMMT) project that autonomous and self-driving cars would add a value of around £51 billion a year to the UK economy by 2030.
Embedded software market to garner substantial momentum from the global medical sector
An increase in the demand for smart & connected IoT devices in the healthcare industry will have a positive impact on the embedded software market. The medical industry has, of late, emerged as the fastest growing adopter of IoT-enabled embedded OS devices. Using real-time monitoring, these devices could help save lives in times of medical emergency like heart failure, high diabetes, asthma attacks, etc.
Moreover, these devices can also collect and transfer health parameters like blood pressure, oxygen, blood sugar levels, weight and ECGs to the cloud and later share them with authorized personnel like doctors and insurance firms to take necessary steps. The development of advanced IoT-based medical devices like wearable fitness trackers would also help supplement growth of embedded software market from the medical industry.
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