Embedded software is the special programming done on a chip in an embedded device to control its functions. The global market for embedded software will be driven by the steady growth of consumer electronic devices and the increased investments in the automation technologies adopted by the manufacturing sector. The market is also driven by the increasing demand for multimedia products and portable computing devices such as laptops. The rise in machine to machine (M2M) communication is leading to a parallel growth in demand of machine to machine embedded software. The Internet of Things (IoT) is an important driver, as all connected things contain embedded software. Increased adoption of embedded software in semiconductor industry is also driving the growth of this market. Increasing demand for smart electricity meters is anticipated to boost the embedded software market over the forecast period. The requirement for smart meters is expected to grow with the introduction of energy efficiency policies. The market is expected to grow substantially with the rising trend of wireless technology across various industry verticals such as healthcare and automotive among others.
The global Embedded Software Market is expected to grow from US ~$10 Billion in 2016 to US~$ 19 Billion by 2022, at an estimated CAGR of ~9%. The growth of this market can be constrained by the increased safety and security concerns along with the real time constraints. Embedded software possesses memory and processing constraints because of limited computing capabilities of devices. Design constraints pertaining to real time embedded system are also hindering the progress of embedded software market.
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.
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Study Objectives of Global Embedded Software Market:
- To provide detailed analysis of the market structure along with forecast of the various segments and sub-segments of the global Embedded Software market.
- To provide insights about factors affecting the market growth.
- To analyze the global embedded software market based porter’s five force analysis etc.
- To provide historical and forecast revenue of the market segments and sub-segments with respect to four main geographies and their countries- North America, Europe, Asia, and Rest of the World (ROW).
- To provide country level analysis of the market with respect to the current market size and future prospective.
- To provide country level analysis of the market for segment by programming languages and applications.
- To provide strategic profiling of key players in the market, comprehensively analyzing their core competencies, and drawing a competitive landscape for the market.
- To track and analyze competitive developments such as joint ventures, strategic alliances, mergers and acquisitions, new product developments, and research and developments in the global Smartphone screen protector market.
The Global Embedded software market has been segmented on the basis of programming languages and applications. Programming language consists of C, C++, Assembly Language, Java, .Net and others. The applications can be segmented as Consumer Electronics, Healthcare, Automotive and Radio & Satellite Devices among others.
Market Research Analysis:
Market Research Future Analysis shows that the low level programming languages such as C or assembly languages are being extensively used by the programmers of embedded software to cope up with the constraints of performance and cost. The C language has a quick run time as compared to other languages such as java which facilitates its use in embedded software. C language supports easy access to input and output and facilitates the use of embedded software by the management. C combines the functionality of assembly languages and features of high level languages such as java and .net which makes it suitable for embedded software. The embedded software developed in C language are easy to understand, maintain and change according to the needs of the hardware. The object oriented languages such as C++ are not widely used as compared to the traditional C programming language.
Geographically, North America is expected to grow with the existence of large number of industries for consumer electronic goods and automobile manufacturers in the region. The region also has major vendors for embedded software such as IBM Corporation, Intel Corporation among others. Europe region is spending tremendously on commercial embedded software solutions such as operating systems, development tools, modeling and testing tools among others. Asia pacific region is expected to grow with existence of large number of fabrication plants in the nations such as India and China.
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- Software providers
- System integrators
- IT service providers
- Automobile manufacturers
- Third party suppliers
- Hardware manufacturer
- End users
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