Embedded Software (Real Time Operating System [RTOS]) Market size forecast to grow at a CAGR of 7% during next seven years

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Fuel Cell Market size worth $25.5bn by 2024
Embedded Software (Real Time Operating System [RTOS]) Market
size forecast to grow at a CAGR of 7% by 2023: Global Market
Insights Inc.

 Samsung acquisition of Harman, the news which made to the headlines on 15th
November, 2016, electrified the business space globally. This is a precise example of the
‘connected’ path where an electronics Giant joint hands with a renowned automotive
player, both significantly connected to the Internet of things. The dynamic world today,
driven by ‘smart’ technologies, demand for precise and real time operations in every
aspect, without any delays.
 The demand for real time operating systems across various industries such as Automotive,
Consumer Electronics, Healthcare, Military & Defense, Telecommunication, etc. is creating
a huge scope for the Real time operating systems or the Embedded software market. As
per Global Market Insights, Inc., “the global embedded software or the real-time operating
system (RTOS) market worth USD 10.46 billion in 2015, is forecast to surpass a revenue
of USD 18.60 billion by 2023.”
Key Insights from Embedded Software Market:

 It is estimated that by the end of 2022, nearly all the cars will be connected to
the cloud. This will lead to automotive sector contributing towards a
significant share of the embedded software market. The RTOS enables the
car with features like internet based services, navigation, data communication
systems such as keyless entry, infotainment, etc.
 Moreover, it also looks after the security aspects of the vehicle by monitoring
airbags, tire inflation, and ABS (antilock braking systems). In addition to this,
the rising trend of electric and hybrid electric vehicles will also boost the
RTOS market size in the automotive sector. RTOS application in the
automotive sector is estimated to grow at a CAGR of 8% over 2016-2023.
Continued...

 The growing trend of wearable smart devices will also proliferate the
embedded software market growth. Wearable devices encompass a bunch of
sectors such as healthcare, security, etc. and will therefore bring immense
opportunities on the board for the RTOS market players. All these sectors
strive for product efficiency as well as optimum resource utilization, needing a
simple system to deal with the complexities, thereby boosting the RTOS
industry share.
 Growth in the consumer electronics industry owing to the surging demand for
electronics devices like Tablets, Smartphones, laptops, etc. will further
accelerate the embedded software market size. Embedded software
application in the consumer electronics industry is estimated to surpass USD
4 billion by 2023.
Continued...

U.S. Embedded Software Market Size, By Application, 2012-2023 (USD Billion)

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 The RTOS system is programmed by using five popular languages such as
C, Assembly, C++, Java, .NET. Out of these programming languages, C
accounted for the major share in the previous years and is expected to
continue dominating the market over the coming period. C enables direct
access to the API (application program interface) and has a comparatively
quick run-time, which make this language popular over the others. Embedded
software implementation through C language is anticipated to register a
CAGR over 2016-2023.
 The global market for embedded software is quite promising. The US market
accounted for over 68% of the overall industry share in 2015, and is likely to
dominate the industry over the coming years. A large industry base across
this region makes it a lucrative ground for RTOS market. The Asia Pacific
embedded software market, primarily led by India and China, is projected to
grow at a CAGR of 8.5% over the coming seven years.
Continued...

 The growing IoT industry which itself has limitless potentials, will bring
immense growth opportunities for the RTOS/embedded software market
players. The RTOS will reduce the complexities which the developers face
while designing the various IoT products. The industry will witness various
mergers & acquisitions and strategic collaboration to improve their product
range and quality.
 For instance, a recent collaboration was the acquisition of Micrium RTOS by
Silicon Labs to bet on IoT landscape. Some of the key market players holding
a significant share in this business space are Altera, IBM, Infineon, Johnson
Matthey, LG CNS, Intel, Xilinx, Mentor Graphics, Express Logic, Advantech,
ENEA, Green Hills Software, and Microsoft. The envision of a smart
connected world will be well accompanied by the embedded software market
growth over the coming timeframe.
Continued...

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Embedded Software (Real Time Operating System [RTOS]) Market size forecast to grow at a CAGR of 7% during next seven years

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Embedded Software (Real Time Operating System [RTOS]) Market size forecast to grow at a CAGR of 7% during next seven years