Press release
Embedded Computing Market Size, Share, Growth, Trends And Forecast To 2033
The Business Research Company presents an extensive market research report on the Embedded Computing Global Market Report 2024, furnishing businesses with a competitive edge through a detailed examination of the market structure, encompassing estimates for various segments and sub-segments.
Furthermore, the report highlights on emerging trends, significant drivers, challenges, and opportunities, providing all necessary data for thriving in the industry. This report market research offers a comprehensive perspective, including an in-depth analysis of the present and future scenarios within the industry.
Market Sizing:
The embedded computing market size has grown strongly in recent years. It will grow from $39.74 billion in 2023 to $43.37 billion in 2024 at a compound annual growth rate (CAGR) of 9.1%. The growth in the historic period can be attributed to evolution of microprocessor technology, growth in consumer electronics, rise of the internet of things (iot), expansion of automotive electronics, increased demand for portable devices.
The embedded computing market size is expected to see strong growth in the next few years. It will grow to $59.25 billion in 2028 at a compound annual growth rate (CAGR) of 8.1%. The growth in the forecast period can be attributed to expansion of edge computing applications, increasing adoption of embedded systems in medical devices, rise in cybersecurity concerns driving embedded security solutions, growth in the autonomous vehicles market. Major trends in the forecast period include proliferation of edge computing, development of energy-efficient embedded devices, growth of embedded vision systems, increased focus on open-source embedded software, adoption of ruggedized embedded solutions in harsh environments..
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Key Market Players:
Major companies operating in the embedded computing market report are Microsoft Corporation, Dell Inc., Intel Corporation, The International Business Machines Corporation, Qualcomm Technologies Inc., Fujitsu Limited, Advanced Micro Devices Inc., Texas Instruments Inc., MediaTek Inc., STMicroelectronics N.V., Infineon Technologies AG, NXP Semiconductors N.V., Renesas Electronics Corporation, Microchip Technology Inc., Super Micro Computer Inc.?, Arm Holdings plc, Nuvoton Technology Corporation, DataArt, N-iX, Axiomtek Co. Ltd., Yalantis, Congatec AG?, Vates, CHI Software, Solw'IT SA, Softeq, ITRex Group, Interelectronix e.K., Smart Embedded Computing Inc.
Market Drivers:
The increasing adoption of consumer electronics is expected to propel the growth of the embedded computing market going forward. Consumer electronics (CE) refers to any electronic device designed to be purchased and used by end users or consumers for non-commercial/professional purposes daily. Embedded system integration enables electronics products to deliver innovative capabilities, frictionless communication, excellent performance, and increased efficiency, contributing to the constantly changing consumer electronics scene. For instance, in 2022, according to Deloitte, a UK based professional services network, Growth rates for units of consumer electronics categories, computers (+34%) and TV sets (+12%) have grown much faster than smartphones (+1%) in the past three year. Therefore, the increasing adoption of smartphones is driving the growth of the embedded computing market.
Learn More About The Market Report -
https://www.thebusinessresearchcompany.com/report/embedded-computing-global-market-report
The embedded computing market covered in this report is segmented -
1) By Type: Hardware, Software
2) By Function: Real-Time, Standalone, Mobile, Networked
3) By End User: Automotive, Industrial, Healthcare, Retail, Consumer And Smart Home, Other End Users
The report answers the following questions:
What are the primary factors propelling the market during the projected period?
In which region is the most substantial growth expected?
Which trend will take center stage in the upcoming period?
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