Global Embedded Software Market Research Report- Forecast 2027

Embedded software Market, by programming languages (C, C++, Assembly Language, Java, .Net), By Application (Consumer Electronics, Healthcare, Automotive, Radio & Satellite Devices) - Forecast 2027

ID: MRFR/SEM/1571-HCR | February 2021 | Region: Global | 110 pages

Market Overview


To control the functions of the embedded device, a chip is inserted with special programming which is called Embedded Software. The constant growth of consumer electronic devices and the rise in automation technologies investments are the major growth factors that change the global market of Embedded software. As every connected device contains embedded software, the increase in communication devices leads to an increase in the Embedded Software Market Analysis.


The smart electricity meters with the introduction of energy efficiency policies can grow the global market over the Embedded Software Analysis. The Embedded software Market Segment is having an expectation of 9 % growth by 2022 from 2016 which is possible by the safety and security concerns with real-time constraints.


COVID-19 Analysis


The COVID-19 pandemic has changed the way of life through over the world, which is high in business. Due to the spread of coronavirus and continuous lockdowns, most of the business sectors have fallen. The major sectors that are negatively influenced by coronavirus are automobiles, chemicals, semiconductors and electronics, agriculture, etc.


The global embedded software market segment is taking up necessary solutions which are cost-effective. Apart, trying to measure to counter the demand slump and by providing the best insights into the market which rises the growth of the market for the manufacturers. The embedded software analysis predicted and aims to boost the manufacturers by the end of this year 2021. Artificial Intelligence and Virtual Reality are the best solutions.


Market Dynamics


Driver


The Surge in the demand for ADAS in EV and hybrid vehicles


Redesigning the automotive industry is one of the major roles played by an embedded system. These are used in ADAS technology which is incorporated in electric and hybrid vehicles. The growth among these vehicles led to the growth of the Embedded system market. Further, these electric vehicles lead to a rise in electronic components which increases the demand for Embedded software Market Analysis.


Opportunities


The advent of 5G and the development of 5G based embedded devices


It is one of the expectations of the growth of the embedded software market. According to the GSMA, the 5G market is expected to increase by 5.3% of the global GDP growth by 2034. That results in the growth of production of 5G technology is increased. This 5G technology is used in industrial automation, smart farming which enables fast image processing.


Restraint


The vulnerability of embedded systems to cyber threats and security breaches


The major factor that hampers the growth of the embedded security software market is the security of the embedded device. The memory in the embedded devices contains information that could be critical regarding banks, data centers, military forces, etc. The factors like remote deployment, irregular security updates, long device lifecycle, and attack replication make the systems vulnerable to cyberattacks. That expected to restrain the growth of the embedded software market.


Challenges


Due to additional features in the embedded system, the architecture becomes complex which leads to high energy consumption. It increases the rise in temperature of the device which affects the overall performance. This is the severe challenge over the growth of embedded software market analysis.


Value Chain Analysis


Real-time embedded systems accounted for a large share in the embedded software market. These are used in high responsiveness rates. Network embedded systems like LAN, WAN are used to access the resources and perform given tasks.


Study Objectives 



  • To provide a detailed analysis of the market structure.

  • To provide factors affecting embedded software marketing growth such as COVID, etc.

  • To analyze the global embedded software market.

  • To provide historically and forecast revenue of the Embedded Software Market Segments concerning main countries North America, Europe, Asia, and the rest of the world.

  • To provide country-level analysis for the current Embedded Software Market Size and future prospective.

  • To provide country-level analysis of the market for Embedded Software market segment using programming languages and applications.

  • To provide the strategic profile of key players and analyzing their core competencies and a competitive landscape drawing.

  • To track and analyze competitive developments.


Segment Overview



  • The global market uses many ways to segment in a better way. The programming languages and applications are some of the major segments of the global embedded software.

  • Based on the programming languages

  • The embedded software uses languages like C, C++, Java, .Net, and many more. Real-time embedded systems either wired or wireless connections as IoT in various devices have a large share of the Embedded system Software Segment.

  • Based on the applications

  •  Most of the network and telecom applications use the FPGA and ASIC embedded hardware.

  •  Further FPGA uses 100G Ethernet, PCI Express, DDR3/4 for high-speed data transfer. Moreover, eASIC is cost-effective, and high power which is used in Radio Acess Network equipment.

  • Regional Analysis -

  • The regions behind the Embedded Software Market Analysis are the Asia Pacific, North America, Europe, and the rest of the world.

  • Asia Pacific Region

  • The fastest-growing market region for the Embedded Security Software Market in the Asia-Pacific region. For their large-scale industrialization, urbanization, developing phases such as India and China rise the demand for electronic products keeps this region in the leading position of increasing production over the global market.

  • North America

  • Internet of Things(IoT) in US and Canada nations support the growth of embedded software analysis.

  • Europe

  • Countries like Germany, Italy, and France are being under the developing countries which leads to a high consumption rate for electronic products. Moreover, the growth of information and communication technology also leads to the growth of the Embedded Security Software Market.


Competitive Landscape


The Embedded Software Market Analysis is dominated by a few prominent players as follows:



  • 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

  • ST Microelectronics (Switzerland)


    Most of these companies adopted both organic and inorganic strategies like agreements, partnerships, product launches, collaborations, and other acquisitions to increase the production of the Embedded Security Software Market.ST Microelectronics is one of the leading global providers of semiconductor solutions. It offers its services across 35 countries and also has 11 main manufacturing sites with an automotive and discrete group which rises the production over the global market.  IoT and Smart Driving are the major concepts that keep this company in a leading position.

Recent Developments


  • In September 2019, Intel and US-based Oracle collaborated to develop a memory platform optimized for an Oracle database.



  • In November 2019, STMicroelectronics launched STM32WB wireless Microcontrollers which support Bluetooth 5.0 technology and are affordable, and provides strong security.



  • In November 2019, one of the leading company Renesas introduces the 32-bit RA series Arm Cortex M Microcontrollers. It includes the RX series and Renesas synergy platform. It is designed to improve performance, HMI, security, and various home-related applications.



  • In July 2018, Intel acquired eASIC corporation that offers customizable and affordable microcontrollers and silicon devices according to their business requirements.


Report Overview


The full report is inclusive of the following:



  • Market Overview

  • COVID-19 Analysis

  • Market Dynamics

  • Study Objectives

  • Segment Overview

  • Competitive Landscape

  • Frequently Asked Questions


Segmentation Table



  • Region 

  • North America, Europe, Asia Pacific, and the rest of the world

  • Segments covered

  • By software, by application



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Frequently Asked Questions (FAQ) :


The global embedded software market valuation is pegged at USD 19 billion by 2022.

The global embedded software market is expected to display a CAGR of 9% from 2016 to 2022.

Rise of internet of things, procurement of consumer electronic devices, and investments in automation technologies are major drivers of the global embedded software market.

North America can dominate the global embedded software market till 2022.

Asia Pacific can showcase the fastest growth for the global embedded software market owing to rising industrialization and urbanization.