#embeddedcomputingindustry

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Embedded Computing Market to account to US$ 67.29 Bn by 2027

The global embedded computing market is estimated to account US$ 32.09 Bn in 2018 and is expected to grow at a CAGR of 8.7% during the forecast period 2018 – 2027   The growing adoption of IoT application in diverse industries is one of the crucial factors influencing the embedded computing market. Additionally, the increased need for superior performance, secure connectivity, lower cost, power efficiency, and faster time to market are other significant factors bolstering market growth. Smaller and energy-efficient semiconductors are now available in the market owing to advancements in the design of semiconductor. It has further enabled design engineers to enhance security and system intelligence across a wide range of products. Embedded systems are well-matched to fulfill the demand for such products. In the present market scenario, the industrial market is estimated to dominate the embedded computing market. The high adoption of IIoT in diverse industries is the key factor attributed to the industrial market growth. Further, The robust demand for digital content, security, ubiquitous access, and increased adoption of video communications by enterprises are other factors propelling the embedded computing market growth. The most prominent market players in embedded computing market are Advantech Co., Ltd., ARM Holdings PLC, Fujitsu Limited, International Business Machines Corporation, Intel Corporation, Microchip Technology Incorporated, Qualcomm Incorporated, Renesas Electronics Corporation, STMicroelectronics N.V., and Texas Instruments Incorporated among others for a considerable share of the market owing to their product offerings to the market. Market leaders are involved in taking up a various market initiative such as expanding footprint across the world and meet the growing demand of its customers, focusing towards product enhancements by implementing advance technologies and signing partnership, contracts, joint ventures, funding, and inaugurating new offices across the world to maintain brand name globally. For instance, recently, STMicroelectronics announced the introduction of STM32MP1 Microprocessor Series – “STM32 MCU“. Its power-efficient real-time control as well as high feature integration for facilitating development of high-performance solutions mainly to Industrial, Smart Home, Consumer, Health and Wellness applications. Further, Texas launched its new generation of industrial microprocessor – “Sitara AM6x”, it’s a first multi-protocol gigabit time-sensitive networking (TSN)-enabled processor. It is designed to meet the progressing Industry 4.0 demands. Many well-known, as well as small local companies are present in the market to provide embedded computing solutions to their customers. The larger firms are adopting the strategy of partnership, contractual alliances for the deployment of embedded computing solutions to enhance their customer portfolio and expand footprint in different geographies.  Get Sample Copy @ https://www.theinsightpartners.com/sample/TIPRE00006326/ Read the full article