Embedded Software Market size is estimated to reach USD 18.61 billion by 2023; as per a new research report. Escalating usage of wearable devices across a wide range of numerous application sectors such as medical, fitness, security and safety is expected to catalyze real time operating system (RTOS) market growth.
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Market Size Forecasters adds a new Embedded Software Market Research Report for the period of 2016-2023 that shows the growth of the market is rising at a 7% CAGR to 2023.
Rising demand for sophisticated features as well as application is anticipated to drive global embedded software market size through 2023. Systems equipped with this software offer minimum latency along with high-speed data throughput while data sharing.
They also provide high interoperability, tremendous effective performance and precise integration for digital home devices.
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Compatibility with IP (internet protocol), IPv6 and IPv4 allows users to remotely control devices.
Growing customer demand for smart electronic devices such as smartphones, tablets, as well as laptops is anticipated to positively impact embedded software market trends over the next seven years. It helps manufacturers to develop highly advanced devices with effective features such as elevated performance, high productivity and optimized power-efficiency.
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These systems are majorly used for designing telematics products, and also aid in designing in-vehicle infotainment products. It offers customers with various in-car features such as entertainment, navigation, internet-based services as well as external communication.
Other benefits include continuous monitoring of vehicle parameters such as airbag, ABS (antilock braking systems) and tire inflation, which aids in increasing overall safety quotient and meeting NCAP standards.
Automotive sector accounted for nearly 12% of the embedded software market share in 2015 and it is predicted to grow at 8.3% CAGR from 2016 to 2023.
Swift adoption of tablets, PCs and smartphones is likely to justify growth in the consumer electronics segment. The application is estimated to account for more than 22% of the overall industry share by 2023, growing at 7.7% CAGR from 2016 to 2023.
Direct access to API (application program interface) as well as short run-time offered is responsible for continued dominance in the C programming language segment, which was valued at USD 6.34 billion in 2015. It is expected to grow at 6.9% CAGR from 2016 to 2023.
U.S. embedded software market share represented majority of the North American revenue in 2015. Existence of large number of industries is likely to augment regional growth.
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Key industry participants are Altera, Infineon, IBM, Johnson Matthey, Intel, LG CNS, Mentor Graphics, Xilinx, Advantech, Express Logic, Green Hills Software, ENEA, and Microsoft.
Global Embedded Software Market Programming Language Analysis (Revenue, USD Billion, 2012 - 2023)
C, C++, Assembly
Global Embedded Software Market Application Analysis (Revenue, USD Billion, 2012 - 2023)
Automotive, Healthcare, Consumer electronics, Military &defense, Industrial, Telecommunication
The above information is provided for airport security market on a regional and country basis for the following:
North America, U.S., Canada, EU, UK, Germany, France
The above information is provided on a country basis for the following:
North America, U.S., Canada, Mexico, Europe, UK, Germany, Russia, Italy, Spain, France, Asia Pacific, China, South Korea, India, Japan, Australia, Malaysia, Middle East, Saudi Arabia, UAE, Kuwait, Qatar, South Africa, Nigeria, Latin America, Brazil, Chile, Venezuela.
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