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Global Embedded Computing Market Overview Covering Forecast Market Size And Growth Rate 2033 | Microsoft Corporation, Dell Inc., Intel Corporation, The International Business Machines Corporation
Embedded Computing Global Market Report 2024
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..
Market Overview -
Embedded computing refers to incorporating computing systems into non-computerized things or devices to improve performance and functionality. Embedded computing is utilized in a variety of industries to enhance the functionality of electronic equipment and systems.
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Surging Adoption Of Consumer Electronics Fuels Growth In The Embedded Computing Market
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.
Competitive Landscape -
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.
Product Innovations In The Embedded Computing Market""
Product innovations are a key trend gaining popularity in the embedded computing market. Major companies operating in the embedded computing market are developing innovative products to sustain their position in the market. For instance, in January 2022, Neousys Technology, a Taiwan-based manufacturer of rugged embedded systems and industrial equipment, launched the Nuvo-9000 series and Nuvo-9531 series, fanless embedded computers. These embedded solutions are intended for industrial edge computing, vision inspection, and automation systems. Nuvo-9000 and Nuvo-9531 series processors benefit from the 16-core/24-thread configuration of Intel's 12th generation Core I processor, which improves performance over the platform from the prior generation.
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Key Segments -
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
Key highlights covered in the report -
1. Detailed market size forecast and historical data analysis
2. Key drivers influencing market growth
3. Identification of upcoming trends and potential opportunities in the market
4. Analysis of major players strategies, to understand competitive dynamics and market positioning
5. Evaluation of regional dynamics
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