Asia Pacific Embedded Software Market size valued at USD 3.5 billion in 2020 and is projected to showcase around 6.5% growth rate between 2021 and 2027. Growing demand for real-time analysis and predictive maintenance systems in various manufacturing facilities will boost the market expansion.
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The industrial sector is highly inclined toward the adoption of automated product assembly plants and industrial robots, driving the growth opportunities of the market. The growing use of the Internet of Things (IoT) across numerous industries for connected devices, smart environments, and platforms that analyze data in real time will further impel the market demand.
Linux operating system will grow at 6% CAGR during the forecast timeline, propelled by rising adoption of Linux OS in cloud platforms and open-source coding applications. They are utilized to create a variety of coding languages and large-scale embedded devices.
Additionally, Linux offers security and performance improvements to companies adopting cloud technology for their operation management activities. For instance, in August 2021, Linux Engineering announced the release of the 5.14 kernel Linux OS, an upgraded version for enterprise and cloud applications. The new operating system includes performance and security enhancements for various cloud-based applications.
India embedded software market size is predicted to witness 7.5% growth rate through 2027, attributed to the rising need for customizable and advanced electronics & automation products in the country.
Increased government efforts to improve consumer electronics production and processing are likely providing profitable opportunities for the market expansion. Moreover, rising R&D investments by the private and public sectors for advanced technological innovations, such as 5G and AI, will support the market growth.
The major industry players include Advantech, Analog Devices, Arm Ltd., Fujitsu Ltd., Infineon Technologies, Intel Corp., Kontron Ag, and Microchip Technology Inc.
The companies are planning to increase their investments in acquisitions & mergers to cater to the highly competitive edge. For instance, in March 2021, AMTEK Inc. announced a USD 1.62-billion investment to purchase four companies including Abaco Systems, a mission-critical embedded computing firm, and Veritas Capital. With this acquisition, the company seeks to expand its existing product portfolio of embedded software and system solutions for a variety of applications including the medical, consumer, automotive, and other industrial sectors.