Embedded Software (Real Time Operating System [RTOS]) Market size revenue worth USD 18.60 billion by next seven years

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Embedded Software (Real Time Operating System
RTOS) Market size forecast to grow at a CAGR of
7 by 2023 Global Market Insights Inc.
Fuel Cell Market size worth 25.5bn by 2024
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Key Insights from Embedded Software Market

• Samsung acquisition of Harman, the news which
  made to the headlines on 15th November, 2016,
  electrified the business space globally. This is
  a precise example of the connected path where
  an electronics Giant joint hands with a renowned
  automotive player, both significantly connected
  to the Internet of things. The dynamic world
  today, driven by smart technologies, demand for
  precise and real time operations in every aspect,
  without any delays.
• The demand for real time operating systems across
  various industries such as Automotive, Consumer
  Electronics, Healthcare, Military Defense,
  Telecommunication, etc. is creating a huge scope
  for the Real time operating systems or the
  Embedded software market. As per Global Market
  Insights, Inc., the global embedded software or
  the real-time operating system (RTOS) market
  worth USD 10.46 billion in 2015, is forecast to
  surpass a revenue of USD 18.60 billion by 2023.

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Continued...

• It is estimated that by the end of 2022, nearly
  all the cars will be connected to the cloud. This
  will lead to automotive sector contributing
  towards a significant share of the embedded
  software market. The RTOS enables the car with
  features like internet based services,
  navigation, data communication systems such as
  keyless entry, infotainment, etc.
• Moreover, it also looks after the security
  aspects of the vehicle by monitoring airbags,
  tire inflation, and ABS (antilock braking
  systems). In addition to this, the rising trend
  of electric and hybrid electric vehicles will
  also boost the RTOS market size in the automotive
  sector. RTOS application in the automotive sector
  is estimated to grow at a CAGR of 8 over
  2016-2023.

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Continued...

• The growing trend of wearable smart devices will
  also proliferate the embedded software market
  growth. Wearable devices encompass a bunch of
  sectors such as healthcare, security, etc. and
  will therefore bring immense opportunities on the
  board for the RTOS market players. All these
  sectors strive for product efficiency as well as
  optimum resource utilization, needing a simple
  system to deal with the complexities, thereby
  boosting the RTOS industry share.
• Growth in the consumer electronics industry owing
  to the surging demand for electronics devices
  like Tablets, Smartphones, laptops, etc. will
  further accelerate the embedded software market
  size. Embedded software application in the
  consumer electronics industry is estimated to
  surpass USD 4 billion by 2023.

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U.S. Embedded Software Market Size, By
Application, 2012-2023 (USD Billion)

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Continued...

• The RTOS system is programmed by using five
  popular languages such as C, Assembly, C, Java,
  .NET. Out of these programming languages, C
  accounted for the major share in the previous
  years and is expected to continue dominating the
  market over the coming period. C enables direct
  access to the API (application program interface)
  and has a comparatively quick run-time, which
  make this language popular over the others.
  Embedded software implementation through C
  language is anticipated to register a CAGR over
  2016-2023.
• The global market for embedded software is quite
  promising. The US market accounted for over 68
  of the overall industry share in 2015, and is
  likely to dominate the industry over the coming
  years. A large industry base across this region
  makes it a lucrative ground for RTOS market. The
  Asia Pacific embedded software market, primarily
  led by India and China, is projected to grow at a
  CAGR of 8.5 over the coming seven years.

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Continued...

• The growing IoT industry which itself has
  limitless potentials, will bring immense growth
  opportunities for the RTOS/embedded software
  market players. The RTOS will reduce the
  complexities which the developers face while
  designing the various IoT products. The industry
  will witness various mergers acquisitions and
  strategic collaboration to improve their product
  range and quality.
• For instance, a recent collaboration was the
  acquisition of Micrium RTOS by Silicon Labs to
  bet on IoT landscape. Some of the key market
  players holding a significant share in this
  business space are Altera, IBM, Infineon, Johnson
  Matthey, LG CNS, Intel, Xilinx, Mentor Graphics,
  Express Logic, Advantech, ENEA, Green Hills
  Software, and Microsoft. The envision of a smart
  connected world will be well accompanied by the
  embedded software market growth over the coming
  timeframe.

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