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Embedded Software Market Share

Report ID: GMI478
Published Date: Jan 2023
Report Format: PDF

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Embedded Software Market Share

Some of the leading companies involved in the embedded software market include

Xilinx
Via Technologies, Inc.
Toshiba Corporation
Texas Instruments
STMicroelectronics
Siemens
SEGGER
Renesas Electronics Corporation
National Instruments Corp.
Mitsubishi Electric Corporation
Microsoft
L&T Technology Services Limited
Intellias Ltd.
Intel Corporation
IBM
Emerson Electric Co.
Green Hills Software
Advantech Co., Ltd.
Accenture

Strategic mergers and acquisitions and product range expansions are among the key initiatives being undertaken by these companies to reinforce their market presence.

For instance, in June 2022, Renesas Electronics Corporation introduced two cloud development kits, the CK-RA6M5 and CK-RX65N, designed to offer a full connectivity solution for the RX and RA Families of 32-bit microcontrollers. These kits were intended to be equipped with the Renesas RYZ014A Cat-M1 module that can establish wireless connections between cloud services and MCUs without the use of a gateway, enabling the company to boost its presence in the industry.

Authors: Preeti Wadhwani

Frequently Asked Questions (FAQ) :

The market size of embedded software exceeded USD 15 billion in 2022 and is poised to exhibit over 9% CAGR through 2023-2032, considering the rapid AI and ML tech innovations.

The RTOS segment is slated to depict over 10% CAGR through 2023-2032, on account of its usage in flight control, telephone switching equipment, industrial control, and real-time simulations.

The APAC region held around 25% of the global market in 2022, as a result of the expansion of semiconductor manufacturing facilities.

Renesas Electronics Corporation, National Instruments Corp., Mitsubishi Electric Corporation, Microsoft, L&T Technology Services Limited, Advantech Co., Ltd., and Accenture are some of the prominent players operating in the market.