Global Embedded Software Market Forecast to Grow at Over 9% CGAR
The global embedded software market is expected to grow at an average rate of 9.36% till 2019. Embedded software goes on integrated chips, which are found on different types of hardware. Once it is embedded, the user cannot alter it. Such devices are used for specific tasks and they are not typically considered as computers.
In the coming years, embedded technology will see a strong focus on energy efficient systems. Traditionally, embedded chips are not considered energy efficient. But recent advances in technology has made it possible to allocate power efficiently (one way is by separating idle and critical processes). It reduces the chip’s power consumption and makes it more efficient, helping the market grow further.
Embedded software may malfunction more than application software, so embedded developers have to keep a close eye on these issues. The main driver of the industry is the automotive sector. Embedded software is the mainstay of in-car navigation and infotainment systems.
One of the major challenges faced by the embedded systems industry is security and safety in embedded software. It attains more significance considering the advancements we have seen in the IoT.