Embedded Software Market : Eminent Players – ENEA, Green Hills Software, IBM, Intel, Microsoft, Advantech, Microchip, Mitsubishi, STMicroelectronics, Express Logic, LG CNS, Mentor Graphics

How will proliferation of connected devices favor embedded software market trends?

Endorsed by a rich application landscape comprising automotive, consumer electronics, retail, manufacturing, IT & Telecom, embedded software market is poised to witness significant growth momentum in the coming years. With the advent of technological developments such as IOT, machine learning, artificial intelligence, industries worldwide are striving to launch innovative products, further generating massive demand for embedded software.

In terms of revenue, Global Market Insights, Inc. forecasts embedded software market share to surpass USD 20 bn by 2025.

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Consumer electronics is one of the major application avenues for embedded software market. With the rising demand for connected, upgradable, and technologically advanced products, the deployment of embedded software in this vertical has witnessed a rapid surge. Rising number of consumer electronic devices such as mobiles, tablets, personal computers, smartphones is further indicative of a plethora of developments in embedded software market.

How are automotive applications favoring embedded software market trends?

The usage of real-time embedded system has gained remarkable traction in the automotive industry. Usage of embedded software in hybrid & electric vehicles facilitates control over autonomous functions of a car. Embedded devices can be easily installed in small vehicles and can control various automotive features such as octane level in fuel, security systems, suspension adjustment, and anti-lock braking system. Moreover, ECUs and microcontrollers used in various automobiles give rise to a host of complexities, which has driven the need for embedded OS adoption in this vertical.

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The demand for embedded software is soaring high in the automotive sector as they also facilitate control over other vital functions including in-vehicle infotainment systems, parking assistance, airbags, navigation, and adaptive cruise control. The industry is progressively scaling up adoption of Real-time Operating System (RTOS) in its vehicle portfolios to address various safety-related issues of autonomous cars. For instance, in 2017, Arm Limited forged a partnership with OpenSynergy to develop the industry's first software hypervisor for ARM cortex R52 processor capable of resolving software complexities in autonomous cars.

For the record, embedded software market share from automotive applications was over 17% in 2018 and is anticipated to substantially contribute to the application landscape through 2025.

What’s driving APAC embedded software market outlook?

Asia Pacific embedded software market is slated to record a double-digit CAGR of 10% over 2019-2025. The regional growth is spurred by heightened adoption of RTOS software across different verticals. The manufacturing industry, in particular, has demonstrated unprecedented growth in terms of technology adoption and has been pioneering the use of these software. Moreover, the booming regional automotive industry is supporting the case for the market growth.

North America, which held approximately 50% of the global share in 2018 will also exhibit considerable embedded software demand in the ensuing years. Fast paced technological developments and presence of renowned technology players are factors supporting the regional growth. U.S. is cited as the major revenue pocket for embedded software market.
How is the demand for RTOS fueling embedded software market trends?

Surging adoption rate of Real-time Operating System (RTOS) software is triggering embedded software market size. RTOS has gained remarkable visibility in recent years on account of its mission-critical and safety applications across diverse industries. RTOS embedded software market is anticipated to register a CAGR of over 11% over 2019-2025. These systems enable error-free process performance in real-time, support multi-tasking and inter-task communication, and consume low power, which helps to significantly increase processing speed. The ARM Mbed RTOS, which is specific for IoT applications, has captured significant consumer interest lately and is expected to grow with the highest CAGR over the analysis period. The exponentially increasing adoption of IoT devices is overt to considerably fuel embedded software industry trends.

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

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.

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