Press release
Embedded Software Market Outlook To 2025 - Green Hills Software, HCL Technologies, IBM, Intel, LG CNS, Microsoft, Mitsubishi, National Instruments, Renesas Electronics, STMicroelectronics, Texas Instruments, Toshiba, Mentor Graphic
Embedded Software Market
Currently, numerous companies have invested in the embedded software market focusing on the upcoming lucrative business opportunities. In order to augment their position in the industry, leading players in the embedded software industry are acquiring smaller companies to strengthen their portfolio in chip design and embedded software services. In addition to this, companies have also been extend their regional reach. Such business strategies implemented by the players are likely to strengthen their stance in the embedded software industry.
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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.
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.
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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Glimpse of Table of Content (ToC): -
Charts & Figures
FIG. 1 Industry segmentation
FIG. 2 Global embedded software market, 2014- 2025 (USD Million)
FIG. 3 Industry ecosystem analysis
FIG. 4 Embedded Software architecture analysis
FIG. 5 Layers of embedded software
FIG. 6 Evolution of embedded software
FIG. 7 Porter’s analysis
FIG. 8 PESTEL analysis
FIG. 9 Growth potential analysis
FIG. 10 Embedded software market share, 2018
FIG. 11 Company analysis of market leaders, 2018
FIG. 12 Company analysis of innovation leaders, 2018
FIG. 13 SWOT Analysis, Advantech Co., Ltd.
FIG. 14 SWOT Analysis, Dexcel Electronics Designs
FIG. 15 SWOT Analysis, ENEA Software AB
FIG. 16 SWOT Analysis, Express Logic
FIG. 17 SWOT Analysis, Graphene Semiconductor Services Private Limited
FIG. 18 SWOT Analysis, Green Hills Software
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