Published Date: 2021-11-19
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European Embedded Software Market size is estimated to surpass USD 4 billion by 2027, according to a latest forecast report by Graphical Research.
The market growth due to the increasing development toward digitalization and upgrading network systems. The integration of embedded software allows network managers to operate, monitor, and troubleshoot fixed & wireless networks remotely. The embedded software facilitates the efficient management & operation for resource sharing, process communication, and data access in manufacturing factories. Furthermore, the constant development of software applications helps to improve complex industrial processes and generate efficient, competitive products. Moreover, the rising shift to industry 4.0 is further driving the demand for embedded software in the region. According to Horizon 2020 published by the European Commission, the government is planning to set up research activities under 'Digitizing and transforming European industry and services’ and invest over USD 500 million in the development & innovation of AI, 5G, blockchain, and support to microelectronics, smart system integration, and embedded software.
The QNX RTOS system segment is set to witness 7% CAGR during the forecast period credited to the rising adoption of QNX OS in complex safety systems for power generation, robotics, and rail transportation. It provides various advantages including scalability, reliability, security, and safety of enterprise data & information. Several market players are continuously focusing on developing innovative software solutions for their embedded systems to support enterprise applications & services. For instance, in February 2021, BlackBerry Limited released QNX Hypervisor 2.2, the most recent version of the company's real-time embedded hypervisor product. It enables manufacturers & suppliers to combine multiple systems for a wide range of embedded solutions such as rail & robotic controllers, battery management ECUs, and vehicle digital cockpits.
Browse detailed statistical insights from the report, “Europe Embedded Software Market Forecast 2027 By Application (Automotive, Consumer Electronics, Manufacturing, Healthcare, Military & Defense, IT & Telecom), 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), 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/1988/europe-embedded-software-market
The UK embedded software industry is expected to expand at a CAGR of 7.5% between 2021 and 2027. Favorable government initiatives promoting industrial automation and robotics in the manufacturing sector are accelerating the adoption of embedded software. For instance, in September 2021, the UK government announced the investment of USD 2.45 billion in the National AI strategy. This strategy will boost the automation & connectivity technology adoption in the country. Similarly, in September 2020, it announced a USD 353-million investment in its Manufacturing Made Smarter program. The government will use this funding to assist local manufacturers in modernizing their manufacturing facilities by increasing the adoption of automation & robotics systems.
The European 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:
Europe Market, By Operating Systems
Europe Market, By Function
Europe Market, By Application
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