- Opportunity and Forecast, 2016-2025
Embedded software is a software designed to run on a particular hardware that has time and memory constraints. It offers various functions through machine interface, along with precise and stable features. It is also known as firmware, though firmware is also applied to ROM-based code on a computer upon which OS runs. Manufacturers build embedded software in electronics gadgets including pacemakers, modems, appliances, security systems, televisions, and others. Minimization of power consumption rates is possible in systems owing to technological advancements. These technologically advanced systems help to save energy and adjust processing speeds as per the need.
Increase in adoption of smart devices, high demand for wearable devices, and rise in demand from automotive industry for these software drive the global embedded software market. However, safety and security issues limit the market growth. High cost savings, power optimization, and technological innovations create new opportunities in the industry for growth.
The global embedded software market is segmented on the basis of application, programming language, and geography. Based on application, the market is divided into automotive, consumer electronics, healthcare, industrial, military & defense, and telecommunication. Programming languages analyzed in the study are C, C++, Java, Assembly, and .NET. Geographically, the market is analyzed across North America, Europe, Latin America, Asia-Pacific, and Middle East & Africa.
Major industry players operating in this market are IBM, Intel, Infineon, Johnson Matthey, Xilinx, LG CNS, Microsoft, Mentor Graphics, National Instruments, Mitsubishi Electric, and NXP Semiconductors. These players have adopted mergers & acquisitions, expansion, joint ventures, partnerships, collaborations, new products, and others to gain a strong foothold in the market.
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