APAC Embedded Software Market size to hit $5.5 Bn by 2027
Published Date: November 19, 2021 Request a sample
APAC Embedded Software Market size is poised to cross USD 5.5 billion by 2027, according to a latest forecast report by Graphical Research. The Asia Pacific market growth is due to the increasing use of software solutions in various telecom base station equipment including servers, modems, communication modules, and routers. The embedded software aids in the efficient management and functioning of the base station equipment to deliver improved process control operation with reduced downtime. Furthermore, the growing implementation of advanced 5G base station in South Korea, China, India, and Japan is boosting the market revenue. According to a press release issued by the Global Times in May 2021, China has installed around 819,000 new 5G base stations by Q1 2021. The country's increasing deployment and investment in 5G base stations will positively influence the market growth. The standalone system segment is expected to grow at a CAGR of around 5% during the forecast period credited to the increasing demand for application-specific standalone systems in Programmable Logic Controllers (PLCs), Human-Machine Interface (HMI), and the Internet of Things (IoT) gateways. These hardware devices come with embedded software that allow them to work independently. Embedded software with standalone capabilities enable the hardware to achieve improved execution rates, high efficiency, and productivity. Several market players are continuously focusing on developing innovative software solutions for their standalone systems to support enterprise applications and services. For instance, in July 2020, Ericsson introduced its new standalone 5G NR software solutions for 5G low and mid-band networks. It is an embedded software that enables service providers to integrate the 5G NR (New Radio) technology into the existing 4G sites to deliver improved architecture and deploy 5G in factories to serve enterprise apps and services. Browse detailed statistical insights from the report, “Asia Pacific Embedded Software Market Forecast 2027 By Operating System (General Purpose Operating System (GPOS) {Windows, Linux, Android}, Real Time Operating System (RTOS) {VxWorks, QNX, FreeRTOS, ARM Mbed}), By Function (Standalone System, Real Time System, Network System, Mobile System), By Application (Automotive, Consumer Electronics, Manufacturing, Healthcare, Military & Defense, IT & Telecom), Research Report, COVID-19 Impact Statistics, Country Outlook, Price Trends, Historic Data, Growth Prospects, Competitive Industry Share” along with the table of contents (ToC) @ https://www.graphicalresearch.com/industry-insights/1987/asia-pacific-embedded-software-market The South Korea embedded software market is set to exhibit a CAGR of 4.5% over the projected timeframe attributed to rising government initiatives to promote the demand for electric cars and autonomous vehicles in the country. For instance, in September 2020, the South Korean government announced a USD 17-billion investment to increase the number of electric vehicles in the country. This funding aims to put 45,000 charging stations and up to 1.13 million electric vehicles on the road by 2025. Similarly, in July 2021, the government announced that major battery manufacturers in the country including LG, Samsung, and SK Innovation intend to invest USD 35.4 billion to increase EV battery manufacturing in the country. Such initiatives and the rising EV adoption will create growth opportunities for the market. The APAC embedded software market research report includes in-depth coverage of the industry with estimates & forecast in terms of revenue in USD million from 2016 to 2027 for the following segments: Asia Pacific Market, By Operating Systems Asia Pacific Market, By Function Asia Pacific Market, By Application The above information has been provided for the following countries: