Embedded Software Market to cross USD 19 billion by 2024

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Embedded Software Market Explores New Growth
Opportunities from 2018 to 2024 Global Market
Insights Inc.
Fuel Cell Market size worth 25.5bn by 2024
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Key Insights from Embedded Software Market

• Global Embedded Software Market was estimated at
  over USD 11 billion in 2017, and is set to reach
  USD 19 billion by 2024 according to a new
  research report by Global Market Insights, Inc.
  The embedded software market growth is attributed
  to the increasing adoption of smart devices in
  the consumer electronics and healthcare sector.
  The deployment of IoT technologies in smart and
  connected devices has enabled the end user to
  establish cross-device connectivity and implement
  smart features in operating systems. The use of
  IoT-enabled OS assists the user to control the
  home appliances remotely through
  smartphone/tablets.
• The increase in demand for open-source Linux
  software and open-source RTOS software is
  expected to offer lucrative growth to the
  embedded software market. As per GMI analysis,
  the worldwide shipment of open-source real-time
  operating systems has increased by 8.5 in 2017
  as compared to 2016. The use of real-time systems
  enables the user to develop functional firmware
  in highly compressed timescales.

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Continued...

• The RTOS segment in embedded software market is
  projected to register a CAGR of more than 11 due
  to a surge in the demand for special-purpose
  hardware using real-time systems such as ThreadX,
  Windows CE, Fusion RTOS, LynxOS, and VxWorks.
  The RTOS-enabled software uses a round-robin
  scheduling process that reduces the hog in the
  CPU and performs an error-free process in
  real-time. Such systems offer mission-critical
  and safety-critical applications to various
  industry verticals such as military, healthcare,
  manufacturing, and the automotive sector.
• The standalone system held a market share of more
  than 73 in 2017. The growth in this segment is
  attributed to an increase in the demand for the
  traditional system by a majority of end users
  present in the embedded software market. Such
  systems can function autonomously without any
  help from the host computer as it encompasses its
  own OS software, user-created files, and virtual
  memory space. Further, the system can share the
  information with other systems on the network
  even if it is detached from the network. Digital
  cameras, video games consoles, mp3 players, and
  temperature measurement systems are some of the
  major applications of standalone systems.

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China Embedded Software Market Share, By
Application, 2017

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Continued...

• The real-time system in embedded software market
  is projected to register the highest growth with
  a CAGR of more than 12 during the forecast
  period. The growth in this segment is attributed
  to error-free task management and the use of
  preemptive kernel method in the system. The
  real-time system is classified into two types,
  soft and hard. The soft RTS offers less accuracy
  and strictness on time while hard RTS delivers
  the exact output at the required time.
• The manufacturing sector held more than 23
  embedded software market share in 2017 due to the
  evolution of Industry 4.0 manufacturing with
  seamless IoT connection. A surge in the demand
  for IoT-enabled OS allows the manufacturers to
  remotely monitor the products statistics and
  automate the device-to-analytics data flow. The
  adoption of RTOS software facilitates the
  enterprises to monitor the changes in the
  production on a real-time basis, increasing the
  operational excellence in the manufacturing
  sector. In July 2016, Advantech launched 7
  WebOP-2070T TFT that supports WVGA operator panel
  with web access/HMI software. This strategic move
  helped the company improve the manufacturing
  efficiency and decrease its labor cost.

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Continued...

• The Asia Pacific embedded software market is
  expected to record a CAGR of more than 10 over
  the forecast period. In July 2018, Chinese chip
  manufacturer, Chengdu Haiguang IC Design Co., has
  started the development of the x86 processors
  named Dhyana that includes their operating
  system. This strategic move helped the Chinese
  manufacturers to reduce their dependence on the
  operating systems of the U.S. A surge in
  disposable incomes of developing countries
  including India, Japan, and South Korea will also
  augment the embedded software market.
• The key players operating in the embedded
  software market are ENEA, Green Hills Software,
  IBM, Intel, Microsoft, Advantech, Microchip,
  Mitsubishi, STMicroelectronics, Express Logic, LG
  CNS, Mentor Graphics, National Instruments,
  Segger, Texas, Renesas, HCL, Qualcomm, Toshiba,
  Via, Dexcel, Graphene, and Qualitat systems.

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Industry Coverage

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Table OF Content
Chapter 1. Methodology Scope 1.1.
Methodology 1.1.1. Initial data
exploration 1.1.2. Statistical model and
forecast 1.1.3. Industry insights and
validation 1.1.4. Scope 1.1.5. Definition 1.1.6.
Methodology and forecast parameters 1.2. Data
Sources 1.2.1. Primary 1.2.2. Secondary 1.2.2.1.
Paid sources 1.2.2.2. Public
sources Chapter 2. Executive Summary 2.1.
Embedded software industry 360º synopsis, 2013 -
2024 2.1.1. Region trends 2.1.2. Operating system
trends 2.1.3. Function trends 2.1.4. Application
trends
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