According to the research report titled ‘Europe Embedded Software Market Forecast 2027 By Application, By Operating System, By Function, Research Report, COVID-19 Impact Statistics, Country Outlook, Price Trends, Historic Data, Growth Prospects, Competitive Industry Share’, available with MarketStudyReport, Europe embedded software market is poised to grow at a remarkable CAGR to amass a USD 4 billion valuation over the analysis period 2021-2027.
 

As per report findings, increasing adoption of new age technologies like IoT across industrial sectors is acting as a major impetus to Europe embedded software market growth. Additionally, several leading companies have been venturing into partnerships & collaborations for developing new solutions and improving IoT applications, which is in turn boosting the market development.

Request sample copy of this report: https://www.marketstudyreport.com/request-a-sample/4384854/

Based on function type, the industry is arrayed into standalone system, network system, real-time system, and mobile system. Mobile system segment captured 15% of the market share in 2020, owing to surging demand for high-end mobile devices like minicomputers, handheld printer terminals, and tablets. These devices are likely to be extensively adopted by businesses for remotely managing their operations in an efficient manner.

By operating system type, Europe embedded software market is split into general purpose operating system (GPOS) (Linux, Windows, Android, others), and real-time operating system (RTOS) (VxWorks, FreeRTOS, QNX, ARM Mbed, others). Among these, QNX RTOS segment is on track to register 7% CAGR through 2027, primarily driven by its use in complex safety systems in rail transportation, power generation, and robotics. Moreover, the OS offers several advantages such as scalability, reliability, security, and safety of organizations’ data and information, thereby driving segmental remuneration.

Considering application scope, the market classification comprises, automotive, consumer electronics, healthcare, manufacturing, military & defense, IT & telecom, and other segments. Overall market size from the healthcare segment is expected to grow substantially over 2021-2027, as increasing number of organizations are focusing on integrating digital technologies like AI and IoT in various healthcare applications such as MRI and CT Scan devices for ensuring improved quality & efficiency of treatments offered to patients.

Considering the competitive landscape, companies such as LG CNS, L&T Technology Services Ltd., Intel Corp., IBM Corp., HCL Technologies Ltd., Green Hills Software LLC, GlobalLogic Inc., Enea AB, Emerson Electric Co., Elektrobit Automotive GmbH, Dexcel Electronics Designs Private Limited, Artesyn Embedded Technologies Inc., Advantech Co. Ltd., and Accenture are prominently influencing Europe embedded software market trends.