Market Research Future published a research report on “Global Embedded Software Market Research Report- Forecast 2022” – Market Analysis, Scope, Stake, Progress, Trends and Forecast to 2022.

Pune, India -- (SBWire) -- 06/07/2018 --Market Highlights

Embedded software market is expected to grow at CAGR of ~9% during the forecast period and expected to reach market size of US ~$19 Billion by the end of forecast period. The global Embedded Software Market has seen remarkable opportunities as consumption percentage of electronic goods are increasing. In this competitive scenario, of smart technology, there is a huge demand of embedded software for all real time operations. The demand for real time operating systems across various industries such as consumer electronics, healthcare, automotive and others is creating a huge scope for the growth of embedded software market.

Automotive is the biggest market for embedded software and as this industry has grown in last decade, where demand for embedded software has been boosted up. The increasing use of embedded software in wearable devices such as watches and healthcare devices are also leading the market of embedded software. It allows manufacturers to develop sophisticated devices with high power-efficiency, fast performance and high productivity. Rising consumer demand for electronic devices such as tablets, smartphone as well as computers is projected to offer high potential to embedded software market size.

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Key Players

The prominent players in the market of Embedded software market are – Enea Software AB ( Sweden), Green Hills Software (U.S.), IBM Corporation (U.S.), Intel Corporation (U.S.), Microsoft Corporation(U.S.), Advantech Industrial Computing India Pvt. Ltd (Taiwan), Emerson Network Power(U.S.), Microchip Technology Inc. (U.S.), Mitsubishi Electric Corporation(Japan) and STMicroelectronics(Switzerland) among others.

Industry News

December, 2017, MATRIXX Software today announced the availability of MATRIXX Digital Commerce on the Google Cloud Platform. A comprehensive solution, MATRIXX Digital Commerce is a single platform that brings together traditionally separate functions including: product lifecycle management, customer engagement, service delivery and monetization. By offering this innovative cloud-deployment capability, MATRIXX Software now makes it possible for Communications Service Providers (CSPs) to leverage the benefits of Google Cloud for rapid digital transformation. MATRIXX Software chose Google Cloud because of its unique ability to provide telco-grade scalability and performance with network-grade application and security support, embedded analytics, and a level of price performance that provides a new benchmark of economics for telco transformation and operations.

December, 2017, Renesas Electronics Corporation, a premier supplier of advanced semiconductor solutions, and Dibotics, a pioneer and leader in real-time 3D LiDAR processing, today announced their collaboration to develop an automotive-grade embedded solution for LiDAR processing used in advanced driver assistance systems (ADAS) and automated driving applications. The jointly-developed solution will enable system manufacturers to develop real-time 3D mapping systems with high level functional safety (FuSa) and low-power consumption. LiDAR processing today requires an efficient processing platform and advanced embedded software. By combining Renesas' high-performance image processing, low-power automotive R-Car system-on-chip (SoC) with Dibotics' 3D simultaneous localization and mapping (SLAM) technology, the companies deliver a SLAM on Chip.

December, 2017, ANSYS has launched a collaboration with Innovation Works, the Pittsburgh region's top investor in seed-stage technology companies, to provide free, high-end simulation software to startups. With the collaboration, ANSYS puts the speed and power of their simulation software suite into the hands of startups who otherwise could not afford the sophisticated software but who greatly need its capabilities and flexibility to bring new products to life. The collaboration with Innovation Works combines with other new programs and products ANSYS has rolled out in recent months aimed at assisting startups. It also honors the company's roots: ANSYS received very early funding from Innovation Works' predecessor organization, the Ben Franklin Technology Partner of Southwestern PA, at the company's inception.

Embedded Software Global Market - Segmentation

- Segmentation by Programming language: C, C++, Assembly Language, Java, .Net and others
- Segmentation by Application: Consumer Electronics, Healthcare, Automotive and Radio & Satellite Devices among others

Embedded Software Global Market - Regional Analysis

Embedded Software Market is growing with the positive growth in all the regions. Increasing application areas on yearly basis and advancement in technology are some of the major driving factor of the market across the globe. By geography, North America is leading the market of embedded software. High development in the field of Internet of things (IOT) in nations such as US and Canada are supporting the embedded software market. Also, presence of global players in the region gives North America a competitive advantage over other countries. Europe stands as second largest market due to the presence of developed countries such as Germany, France, and Italy. Europe is also one of the largest integrator of IoT with the several industries giving boost to the market of embedded software. Asia Pacific has emerged as fastest growing market. rich presence of manufacturing companies in China, India, Japan, Taiwan and South Korea. The region is also one of the prominent leader in semiconductor industry and largest exporter around the world which is boosting the market of embedded software.

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Intended Audience

- Software providers
- System integrators
- IT service providers
- Automobile manufacturers
- Third party suppliers
- Hardware manufacturer
- End users

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