The global embedded software market was valued at USD 13 billion in 2016 and is expected to surpass USD 21 billion by 2021, says Technavio.
Technavio has announced its latest market research report on the global embedded software market, under its product lifecycle management portfolio. This market analysis discusses the major drivers and key emerging trends and offers an analysis of key vendors like Advantech, Enea, Express Logic, Green Hills Software, Intel, Mentor Graphics, Microsoft, NXP Semiconductors, and Texas Instruments.
According to Ishmeet Kaur, a lead analyst for product lifecycle management research at Technavio, “There is a high adoption of embedded software in the semiconductor industry. In this industry, embedded software is used to design IC, a device interconnecting different electronic components such as transistors, capacitors, amplifiers, oscillators, computer memory, and timer.”
Telecom and communication industry dominated the semiconductor market due to the rising demand for smartphones. Smartphone and tablet providers are using new and innovative embedded software technologies to assimilate hardware and software to develop advanced devices.
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Growing adoption of multi-core technology in embedded software
The adoption of multicore framework technology, which allows developers to configure and deploy multiple operating systems and applications, is increasing in the market. Industry verticals such are medical, automotive, telecommunications, networking, and consumer electronics are increasingly adopting multi-core technology for optimizing their embedded systems.
Use of embedded software in wearable technology
Wearable technology is a mobile communication technology that can be attached to a body part and monitor daily activities, besides providing communication services. It comprises of glasses, smart watches, and fabrics, heart rate monitors, and fitness tracking devices. Wearable technology is expected to gain prominence in the forecast period, which will, in turn, boost the growth of the embedded software market.
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This research report includes an in-depth analysis and market shares and sizes of the sub-segments and geography. An analysis of the key companies, including their market shares, business overview, key financials, etc. is provided in this study. This market study also provides a detailed analysis of key drivers, challenges, and opportunities influencing this market.
A more detailed analysis is available in the Technavio report titled, ‘Global Embedded Software Market 2017-2021‘. Technavio also customizes reports by other regions and specific segments upon request.
Other related reports:
- Global Industrial Embedded Systems Market 2016-2020
- Global In-memory Computing Market 2016-2020
- Global eDiscovery Software Market 2016-2020
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