Wearable Equipment Demand to Drive Global Embedded Software Market Growth to 7% by 2023: Global Market Insights, Inc.

OCEAN VIEW, Delaware, June 22, 2016 /PRNewswire/ —

Industry Trends

Global Embedded Software Market size was evaluated at $10.46 billion for 2015 and is predicted to register 7% CAGR during forecast period.

OCEAN VIEW, Delaware, June 22, 2016 /PRNewswire/ —

Industry Trends

Global Embedded Software Market size was evaluated at $10.46 billion for 2015 and is predicted to register 7% CAGR during forecast period. Growing demand for consumer electronics and automotive applications is predicted to fuel the industry growth during forecast period.

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Growing use of wearable embedded equipment across many applications like medical, security, fitness and safety is predicted to promote embedded software industry trends. Increasing customer demand for electronic equipment like computers, tablets and smartphones is predicted to enhance the demand for the industry.

To access sample pages or purchase this report titled,”Embedded Software (Real Time Operating System [RTOS]) Market Size By Application (Automotive, Healthcare, Consumer Electronics, Military & Defense, Industrial, Telecommunication), By Programming Language (C, C++, Assembly, Java, .NET), Industry Analysis Report, Regional Outlook (U.S., UK, Germany, China, India, Japan, Brazil), Application Potential, Competitive Market Share & Forecast, 2016 – 2023″, please click on the link below:

https://www.gminsights.com/industry-analysis/embedded-software-market

Rising penetration of electric vehicles and hybrid electric vehicles in the industry will have significant effect on embedded systems market trends in future. Since embedded systems are dedicated to particular jobs, engineers optimize it to minimize size and price of the product and enhance its performance and reliability. They commonly find their applications in automotives, Wi-Fi, fire safety, cooking, consumer goods, security, transportation, life critical systems, defence, commercial and medical devices as these systems are reliable.

Application Trends

Automotive application was evaluated at $1.24 billion for 2015 and is projected to register 8% CAGR growth during forecast timeframe. Growing demand for in-vehicle infotainment systems is projected to add towards the growth of this application.

Consumer electronics application is predicted to surpass $4 billion by the end of forecast period and predicted to record 7.7% CAGR during forecast period. The growth of the application can be credited to growing use of electronic equipment like tablets, smartphones and personal computers.

Get a sample copy of this report @https://www.gminsights.com/request-sample/detail/478

Embedded systems are used in consumer electronics applications like mobiles, personal digital assistants, printers, digital cameras and DVD players.

Programming Language Trends

C language is predicted to register 6.9% CAGR during forecast period and is projected to maintain its domination in the future. It is projected to be evaluated at more than $11 billion by 2023. The growth can be attributed to its short run time as well as its direct access to application program interface.

C++ language is predicted to register more than 8% CAGR during forecast time frame.

Various software parts within the embedded system encompass the technology that adds value to it by defining how well it functions. The parts include operating system or runtime environment, application software, error handling, debug and maintenance, support and initialisation, and configuration.

Regional Trends

U.S. embedded software market share was more than 68% of the global industry for 2015. It is projected to continue its domination in future due to presence of many industries in the region.

Europe embedded software market size was more than $3 billion for 2015. The regional industry is predicted to record balanced growth in future.

Asia Pacific is predicted to register 8.5% CAGR during forecast time frame. Embedded software industry growth in the region is promoted by its favourable growth in countries like India, China and Japan. Also high demand for embedded software across many applications along with presence of many fabrication plants in the region have added to the industry growth.

Competitive Trends

Key players profiled in the report include Express Logic, Advantech, Microsoft, Intel, IBM, Green Hills Software, Altera, LG CNS, Xilinx, ENEA, Segger Microcontroller Systems, Infineon, Mentor Graphics, NXP Semiconductors, STMicroelectronics, RadiSys, National Instruments and Johnson Matthey.

Global Market Insights has segmented the embedded software market on the basis of programming language, application and region:

Global Embedded Software Market Programming Language Analysis (Revenue, USD Billion, 2012 – 2023)

CC++Assembly

Global Embedded Software Market Application Analysis (Revenue, USD Billion, 2012 – 2023)

AutomotiveHealthcareConsumer electronicsMilitary & DefenseIndustrialTelecommunication

Global Embedded Software Market Regional Analysis (Revenue, USD Billion, 2012 – 2023)

North AmericaU.S.EuropeUKGermanyAsia PacificChinaIndiaJapanLatin AmericaBrazilMEA

Related Reports:

1.Embedded System Market Size: Embedded system market size is expected to exceed USD 258.72 billion by 2023, growing at 5.6% during the next six years. Innovation in technology along with mounting smart grid initiatives is likely to fuel industry demand. Read More

2.Molded Interconnect Devices (MID) Market Size: Molded interconnect devices (MID) market size was valued at over USD 225 million in 2015, with 13.8% CAGR growth forecast from 2016 to 2023. Higher function density and design flexibility is anticipated to propel industry demand. Read More

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About Global Market Insights:

Global Market Insights, Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider; offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy and biotechnology.

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