PUBLISHER: IMARC | PRODUCT CODE: 1347774
PUBLISHER: IMARC | PRODUCT CODE: 1347774
The global embedded software market size reached US$ 14,824 Million in 2022. Looking forward, IMARC Group expects the market to reach US$ 23,811 Million by 2028, exhibiting a growth rate (CAGR) of 8.30% during 2023-2028. Significant growth in the automotive industry, rising demand for industrial automation and robotics, enhanced focus on research and development (R&D) activities, and increasing proliferation of consumer electronics, and smart home devices represent some of the key factors driving the market.
Embedded software refers to computer programs that are specifically designed to run on embedded systems, which are specialized computer systems that perform specific tasks. These systems are typically found in various devices, such as consumer electronics, medical devices, automotive systems, and industrial machinery. Some of the standard embedded systems include smartphones, automobiles, home appliances, medical devices, industrial equipment, and other electronic devices. Embedded software is responsible for controlling the hardware and enabling the desired functionality of the embedded system. It interacts with sensors, actuators, and other components to gather data, process information, and provide appropriate outputs. In addition to this, embedded software provides numerous advantages, such as customization, resource efficiency, real-time responsiveness, reliability, cost-effectiveness, scalability, connectivity, and faster development.
Significant growth in the automotive industry across the globe is one of the key factors creating a positive outlook for the market. Embedded software is widely used in various applications like infotainment systems, advanced driver-assistance systems (ADAS), and autonomous vehicles. Additionally, the rising demand for industrial automation and robotics across manufacturing and logistics industries that rely on embedded systems and software for precise control, monitoring, and coordination is favoring the market growth. In line with this, the widespread adoption of embedded software in the Internet of Things (IoT) devices, enabling connectivity, data collection, and processing, is propelling the market growth. Apart from this, the launch of advanced embedded software that are highly reliable, responsive, and ensure safe and efficient operation is providing an impetus to the market growth. Furthermore, continuous advancements in hardware technology, such as microcontrollers and processors, to enhance connectivity and intelligent decision-making is contributing to the market growth. Other factors, including the expanding healthcare technology sector, enhanced focus on research and development (R&D) activities, and increasing proliferation of consumer electronics, smart home devices, wearable gadgets, and home automation systems, are presenting remunerative growth opportunities for the market.
IMARC Group provides an analysis of the key trends in each segment of the global embedded software market, along with forecasts at the global, regional, and country levels from 2023-2028. Our report has categorized the market based on operating system, function, and application.
General Purpose Operating System (GPOS)
Real-Time Operating System (RTOS)
The report has provided a detailed breakup and analysis of the embedded software market based on the operating system. This includes general purpose operating system (GPOS) and real-time operating system (RTOS). According to the report, general purpose operating system (GPOS) represented the largest segment.
Standalone System
Real-Time System
Network System
Mobile System
The report has provided a detailed breakup and analysis of the embedded software market based on the function. This includes standalone, real-time, network, and mobile systems. According to the report, standalone system represented the largest segment.
Automotive
Consumer Electronics
Manufacturing
Healthcare
Military and Defense
IT and Telecom
Others
The report has provided a detailed breakup and analysis of the embedded software market based on the application. This includes automotive, consumer electronics, manufacturing, healthcare, military and defense, IT and telecom, and others. According to the report, IT and telecom represented the largest segment.
North America
United States
Canada
Asia Pacific
China
Japan
India
South Korea
Australia
Indonesia
Others
Europe
Germany
France
United Kingdom
Italy
Spain
Russia
Others
Latin America
Brazil
Mexico
Others
Middle East and Africa
The report has also provided a comprehensive analysis of all the major regional markets, which include North America (the United States and Canada); Asia Pacific (China, Japan, India, South Korea, Australia, Indonesia, and others); Europe (Germany, France, the United Kingdom, Italy, Spain, Russia, and others); Latin America (Brazil, Mexico, and others); and the Middle East and Africa. According to the report, North America was the largest market for embedded software. Some of the factors driving the North America embedded software market included rapid technological advancements, extensive research and development (R&D) activities, and significant growth in the automotive industry.
The report has also provided a comprehensive analysis of the competitive landscape in the embedded software market. Detailed profiles of all major companies have been provided. Some of the companies covered include Advantech Co. Ltd, Green Hills Software, Intel Corporation, Intellias, L&T Technology Services Limited (Larsen & Toubro Ltd.), Microsoft Corporation, NXP Semiconductors N.V, Siemens, STMicroelectronics N.V, Xilinx Inc. (Advanced Micro Devices Inc.), etc. Kindly note that this only represents a partial list of companies, and the complete list has been provided in the report.
Kindly note that this only represents a partial list of companies, and the complete list has been provided in the report.