Embedded Software Market

Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2023-2030 - By Product, Technology, Grade, Application, End-user, Region: (North America, Europe, Asia Pacific, Latin America and Middle East and Africa)

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Industry: Information & Communications Technology

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Reaching nearly US$12 Bn in 2020, global embedded software market is anticipating notable progress over the course of next few years. Unprecedented growth of consumer electronics, and telecom sectors will boost embedded software market in the near future.

Soaring Adoption of Embedded Software Systems Warrants Embedded Software Market Growth

Embedded software solutions are getting all the rage, being an effective system. The world is rapidly progressing with the newest innovations and modern technologies. It is however equally essential to be aware and develop new strategies that compete with the high-end market and boost the businesses. Embedded software systems are the advanced micro-systems that stand alone in their design and run the full software. Embedded solutions are mainly built programs connecting to the microchips or essential for non-PC applications; written specifically for those devices and is intended to control a limited number of functions based on the device’s processing and memory constraints. With embedded software solutions becoming a prominent necessity of modern world, global embedded software market is expected thrive at a notable pace. Embedded software is used to operate electronic devices that are not traditional computers. Moreover, embedded software is distinct from operating systems, and firmware. Devices that use embedded software usually do not have firmware or an operating system and vice-versa. These types of devices include cars, biomedical devices, televisions, industrial robots, telephonic connections, banking software development, and other digital processes. The growth of embedded software market will thus be remarkable in the near future.

Rampant Expansion of Consumer Electronics Industry Uplifts Embedded Software Market

Consumer electronics are essentially nothing without embedded computing systems. Embedded computing technology is essential to gadgets like mobile phones, laptops, personal computers, and gaming consoles. The penetration of consumer electronics with embedded computing among end-user verticals has increased as end users' standards of living, technological awareness, and device prices have all decreased. Embedded systems have become increasingly important in line with the expansion of IoT. Consumer products like smartphones, heart rate monitors, and smart home appliances can be connected to track, monitor, control, and adapt, which will hold a positive impact on embedded computing system sales, thereby benefiting the embedded software market. Any consumer electronics product would be incomplete without a microprocessor. For example, the first low-power ARM Cortex M4 and the ARM Cortex M7 core product are combined with low power consumption and power-processing performance, le product requirements. Smartphone connections made up 60% of all mobile device connections in 2018, according to the GSMA, and are predicted to increase to 80% by 2025. Additionally, there are presently 10 billion IoT connections in 2019, and by 2025, that by expected to increase. Demand for embedded computing systems is thus anticipated to rise in the upcoming years as worldwide sales of smartphones, and IoT-enabled devices continue to expand.

Thriving Telecommunication Boom to Drive Growth for Embedded Software Market

Embedded software will be the leading segment. The embedded software market for telecommunication base station equipment such as servers, routers, modems, and communication modules is expected to grow at a promising pace. The base station equipment is embedded software that manages and opera the base station equipment and effectively controls operations. The expansion of new 5G base stations across Asia Pacific nations, including China, South Korea, and Japan, is boosting the market for embedded software. By Q1 2021, China had installed more than 819,000 new 5G base stations around the nation, according to a press release from Global Times published in May 2021. The country's expanding 5G base station deployment will boost industry statistics. This system is essential for creating telematics products and in-car entertainment systems. Additionally, it offers a wide range of functionality, including external communications, navigation, entertainment, safety and security, and Internet-based services. Giving information to prevent accidents while driving aids in ensuring safety for the end-users. These systems must also complete complicated tasks assigned to control systems that send on mechatronic products. In a conventional development cycle, deploying embedded industrial systems connected to the Internet, and cloud can take weeks or months. Therefore, by decreasing the complexity of the underlying hardware, cloud connectivity tools for embedded systems are crucial to making connecting embedded systems with cloud-based services simpler.

North America’s Embedded Software Market Flourishes on the Back of Augmenting Investments in Healthcare Sector

Owing to early technology adoption and strong presence of a majority of leading vendors, the North American region is anticipated to account for a sizeable portion of the market. Furthermore, there is a growing need for embedded computer se areas due to the development of robots and IoT applications. For instance, the US DoD announced the sensor open systems architecture (SOSA) emerging open-architecture embedded computing standard in October 2019. This standard will allow the US Military to specify affordable, powerful, upgradable, and competitive embedded computing systems that are anticipated to be competitive in the middle of significant.

Major investments are being made in the region's healthcare, with all primary major healthcare providers moving to graphic and computationally intensive applications like advanced computers in all operating rooms, diagnostic workstations, bedside monitors with visuals, and advanced nursing stations. Additionally, the market is anticipated to have risen due to the development of IIoT, and industrial automation systems. The regional market share is g due to the US federal government's increasing investments in the creation of motion to bolster its armed forces. The US Congress announced in May 2021 that the Department of Defense would receive a budget allotment of US$7.5 Bn (DoD). This funding will be used for research and development projects involving combat aerial vehicle surveillance systems. Increasing spending of the US federal government on defence will create more prospects for embedded software market expansion.

​With its adaptability and flexibility, an embedded computing system is also the brain of any vehicle's electronic system. CurEnvirocare’s current market has between 30 and 35 microcontrollers, while luxury cars have between 70 and 75. These consist of embedded systems for airbags, navigation, adaptive cruise control, and rain-sensing, among others. Many applications in the healthcare sector rely heavily on embedded computing devices. They are utilised in almost every system, including those for PET scanning, CT scanning, and MRI, for monitoring vital amplifying sounds in electronic stethoscopes and touring vital signs. Embedded systems are necessary for devices like glucose meters, pacemakers, and machine of biomedical sensors. This is also touted as a significant driving factor for embedded software market.

Global Embedded Software Market: Competitive Landscape

IBM, and MIT collaborated in August 2019 to provide artificial intelligence for USD 12 million. With the machine, MIT rescannable to run more ambitious AI models. By doing so, researchers may be able to increase their computing capacity, exchange information with all significant commercial cloud service providers, and get their code ready to operate on IBM's Summit.

Some of the leading players in embedded software market are ration, National Instruments, IBM, VIA Technologies, Inc., HCL Technologies, and Microsoft Corporation.

Global Embedded Software Market is Segmented as Below:

Market, by Operating Systems

  • General Purpose Operating System (GPOS)
  • Real-time Operating System (RTOS)
  • Others

Market, by Function

  • Standalone system
  • Real-time system
  • Network system
  • Mobile system

Market, by Application

  • Automotive
  • Consumer electronics
  • Manufacturing
  • Healthcare
  • Military & Defense
  • IT & Telecom
  • Others

By Region

  • North America
    • U.S.
    • Canada
    • Mexico
  • Europe
    • UK
    • France
    • Germany
    • Russia
    • Rest of Europe
  • Asia Pacific
    • Japan
    • South Korea
    • India
    • China
    • Rest of Asia Pacific
    • Latin America
    • Middle East
    • Africa

Key Elements Included In The Study: Global Embedded Software Market

  • Embedded Software Market by Product/Technology/Grade, Application/End-user, and Region
  • Executive Summary (Opportunity Analysis and Key Trends)
  • Historical Market Size and Estimates, Value, 2018 - 2021
  • Market Value at Regional and Country Level, 2022 - 2029
  • Market Dynamics and Economic Overview
  • Market Size in Value, Growth Rates, and Forecast Figures, 2022 - 2029
  • Competitive Intelligence with Financials, Key Developments, and Portfolio of Leading Companies 
  • Regional and Product/Grade/Application/End-user Price Trends Analysis
  • Value Chain and Five Force’s Analysis
  • Regional/Sub-region/Country Market Size and Trend Analysis
  • Company Market Share Analysis and Key Player Profiles

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