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Embedded Computing Market New Trends, Growth Opportunities, Top Players And Forecast To 2032
Embedded Computing Market Analysis
The Business Research Company's Embedded Computing Global Market Report 2023 identifies increasing adoption of consumer electronics as the major driver for the embedded computing market's growth in the forecast period. Consumer electronics (CE) refers to any electronic device designed to be purchased and used by end users or consumers for non-commercial/professional purposes daily. Embedded system integration enables electronics products to deliver innovative capabilities, frictionless communication, excellent performance, and increased efficiency, contributing to the constantly changing consumer electronics scene.
The global embedded computing market is expected to grow from $36.39 billion in 2022 to $39.74 billion in 2023 at a compound annual growth rate (CAGR) of 9.2%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The market size of global embedded computing is expected to reach $54.64 billion in 2027 at a CAGR of 8.3%.
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Major competitors in the embedded computing market are Microsoft Corporation, Dell Inc., Intel Corporation, The International Business Machines Corporation, Qualcomm Technologies Inc.
A key trend in the embedded computing market includes product innovations. Major companies operating in the embedded computing market are developing innovative products to sustain their position in the market. For instance, in January 2022, Neousys Technology, a Taiwan-based manufacturer of rugged embedded systems and industrial equipment, launched the Nuvo-9000 series and Nuvo-9531 series, fanless embedded computers. These embedded solutions are intended for industrial edge computing, vision inspection, and automation systems. Nuvo-9000 and Nuvo-9531 series processors benefit from the 16-core/24-thread configuration of Intel's 12th generation Core I processor, which improves performance over the platform from the prior generation.
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The embedded computing market is segmented -
1) By Type: Hardware, Software
2) By Function: Real-Time, Standalone, Mobile, Networked
3) By End User: Automotive, Industrial, Healthcare, Retail, Consumer And Smart Home, Other End Users
• By Geography: Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. Asia-Pacific was the largest region in the embedded computing market.
The Business Research Company's "Global Embedded Computing Market Report 2023" provides a thorough understanding of the market across 60 geographies. The report covers market size, growth rate, segments, drivers and trends in every region and country. In addition, the report offers insights on historical and forecast growth, helping players analyze and strategize better.
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The Table Of Content For The Embedded Computing Market Include:
1. Executive Summary
2. Embedded Computing Market Characteristics
3. Embedded Computing Market Trends And Strategies
4. Embedded Computing Market - Macro Economic Scenario
…..
32. Global Embedded Computing Market Competitive Benchmarking
33. Global Embedded Computing Market Competitive Dashboard
34. Key Mergers And Acquisitions In The Embedded Computing Market
35. Embedded Computing Market Future Outlook and Potential Analysis
36. Appendix
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