The global embedded technology market is likely to register a striking CAGR during the forecast period (2017-2027) owing to the augmenting demand from the automotive industry, asserts Market Research Future (MRFR). Embedded technology is referred to as a computer system which involves a set of specific software and hardware in order to perform a certain set of tasks. Embedded technology is an application specific system which serves in several industries. Embedded system generally works as a processing core of a large system to perform a specific task. It includes a microprocessor or a microcontroller. Such systems can be customized and designed based on the needs.
Drivers and Constraints Impacting the Market
With a significant boom in the number of mobile users coupled with its penetration into the metropolitan population across emerging and developed countries, the global embedded technology system market is considered to flourish. The augmenting demand from the telecommunication and automotive sector, where software is considered to play a crucial role, is considered to stimulate the market growth during the assessment period. In several economies, consistent importance has been provided to develop the infrastructure of wireless communication owing to the accelerating number of users for smartphones and tablets, which require internet connectivity. This further contributes to the market growth to a great extent. Moreover, the high adoption of cloud computing and increasing application areas are influencing the market growth to a great extent.
On the flip side, technical complexity coupled with incompetence is some of the major concerns considered to impede the market growth to a great extent. Moreover, the high cost of software and hardware are anticipated to dampen the market growth during the appraisal period.
Global Embedded Technology Market: Segmental Analysis
The global embedded technology market has been segmented on the basis of platforms, hardware, software, and application.
By mode of platforms, the global embedded technology market has been segmented into the web, mobile, cloud & on-premise.
By mode of hardware, the global embedded technology market has been segmented into microcontrollers and microprocessors digital signal processors, processor IP, FPGA, and ASIC.
By mode of software, the global embedded technology market has been segmented into testing software, operating systems, software development, and open source software.
By mode of application, the global embedded technology market has been segmented into consumer electronics, automotive, telecommunication, aerospace & defense, and healthcare. Among these, the automotive segment is likely to generate the highest revenue owing to the rising demand for high electronic content in the automotive and hybrid electric vehicles.
August 28, 2018: An embedded systems solutions company which produces single board computers, Technologic systems (US) has recently announced that it will be exhibiting its Touch Panel PCs, Single Board Computers, and Computer-on-Modules at Sensors Midwest. The company will also provide hardware samples, live demonstrations, and engineers to answer questions.
The prominent players operating the global embedded technology market are Texas Instruments (U.S.), Samsung (South Korea), Renesas Electronics Corporation (Japan), Microsoft Corporation (U.S.), Atmel Corporation (U.S.), Infosys Ltd. (India), Infineon Technologies AG (Germany), NXP Semiconductors (Netherlands), Renesas Electronics Corporation (Japan), and STMicroelectronics (Switzerland).
Other Related Market Research Reports:
Embedded Systems Market Research Report – Global Forecast till 2025
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