Global Embedded Software Market 2017-2021
About Embedded Software
Embedded software is a computer program or code running on hardware, guiding and controlling the actions of the device. It acts as an interface between underlying hardware and end-users. It is built into hardware systems, written on computer chips, and applied in real-time systems such as ATMs, missiles, and airplanes. Examples of embedded software in our daily life include pacemakers, cell phones, home appliances, energy generation and distribution systems, satellites, and automotive components such as anti-lock brakes.
Technavio’s analysts forecast the global embedded software market to grow at a CAGR of 9.4% during the period 2017-2021.
Covered in this report
The report covers the present scenario and the growth prospects of the global embedded software market for 2017-2021. To calculate the market size, the report considers the revenue generated from the sales of embedded software.The market is divided into the following segments based on geography:
Technavio Announces the Publication of its Research Report – Global Embedded Software Market 2017-2021
Technavio recognizes the following companies as the key players in the global embedded software market: Advantech, Enea, Express Logic, Green Hills Software, Intel, Mentor Graphics, Microsoft, NXP Semiconductors, and Texas Instruments.
Other Prominent Vendors in the market are: Emerson Electric, IBM, Intrinsyc Technologies, Mitsubishi Electric, National Instruments, NEC, QNX Software Systems, Radisys, STMicroelectronics, Toshiba, UltraSoC, and Via Technologies.
Commenting on the report, an analyst from Technavio’s team said: “The latest trend gaining momentum in the market is 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 across homogeneous or heterogeneous multicore processors, is increasing in the market. It also enables the development of advanced embedded systems that integrates functionalities, such as processor portability, RTOS, and bare-metal applications, to produce high-performance, energy-efficient, and secure embedded devices.”
According to the report, one of the major drivers for this market is high adoption of embedded software in semiconductor industry. In the semiconductor industry, embedded software is used to design IC, a device interconnecting different electronic components like capacitors, transistors, amplifiers, oscillators, computer memory, and timer. Telecom and communication industry dominated the semiconductor market due to the increasing demand for smartphones.
Further, the report states that one of the major factors hindering the growth of this market is data security and privacy issues. Embedded software is being widely used to digitize a large volume of enterprise data, globally. This is resulting in critical concerns related to privacy, security, liability, and protection of intellectual property. The risk of failure of embedded software is much higher than application software because once the software is designed and implemented, it cannot be changed.
Advantech, Enea, Express Logic, Green Hills Software, Intel, Mentor Graphics, Microsoft, NXP Semiconductors, Texas Instruments, Emerson Electric, IBM, Intrinsyc Technologies, Mitsubishi Electric, National Instruments, NEC, QNX Software Systems, Radisys, STMicroelectronics, Toshiba, UltraSoC, Via Technologies.
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