Press release
Embedded Software Market 2016 to grow at a CAGR of 9.36% during the period to 2020
Embedded software is written on computer chips and integrated into hardware systems. Once embedded and implemented into the hardware, the software cannot be altered by users. This software is usually developed for special hardware that uses real-time OS such as LynxOS, VxWorks, Linux (with patched kernel), ThreadX, Windows CE, Fusion RTOS, and INTEGRITY. It is applied in real-time systems such as ATMs, missiles, and airplanes. It is designed to perform specific tasks and can be used in digital clocks, cell phones, and calculators as well.
The global embedded software market to grow at a CAGR of 9.36% over the period 2014-2019.
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Covered in this Report
This report covers the present scenario and the growth prospects of the global embedded software market for the period 2015-2019. To calculate the market size, the report considers revenue generated from embedded software, solutions, licenses, tools, applications, services, support, and maintenance.
Global Embedded Software Market 2015-2019, has been prepared based on an in-depth market analysis with inputs from industry experts. It covers market landscape and its growth prospects in the coming years. The report also includes profile of key vendors operating in this market.
Our analyst researched the following companies as the key players in the global embedded software market: ENEA, Green Hills Software, IBM, Intel, Microsoft and NEC
Other Prominent Vendors in the market are: Advantech, Emerson Network Power, Microchip Technology, Mitsubishi Electric, National Instruments, RadiSys, STMicroelectronics, Toshiba and Via Technologies
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Commenting on the report, an our analyst said: “Traditionally, embedded systems consume a lot of energy. However, with technological advancements, current embedded software enables systems to identify critical and idle processes, and allocate power accordingly. This reduces energy consumption, making the embedded system energy-efficient, and this is expected to contribute to the growth of the market.”
According to the report, the high demand for this software in the automotive sector is a major market driver. It is used to develop telematics products and offer in-vehicle infotainment systems. These systems provide features such as entertainment, navigation, external communications, safety and security, and Internet-based services. They also provide end-users with important safety features to avoid accidents. As safety is one of the major criteria guiding buyers, the automotive industry plays a significant role in the growth of the market.
Further, the report states that the market will be affected by some serious challenges during the forecast period, such as the safety and security issues associated with the use of this software.
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The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to a SWOT analysis of the key vendors.
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