According to the new research report available at MarketStudyReport.com under the title ‘Embedded Computing Market to 2027 - Global Analysis and Forecasts by Component (Microprocessor, Microcontroller, ASIC, Digital Signal Processor, FPGA, Memory, Other Hardware and Software); Industry Vertical (Automotive, Industrial, Transport, Consumer Electronics, Enterprise & Government, Communications, and Others)’, the worldwide embedded computing market is predicted to grow with a CAGR of 8.7% during the period of 2019-2027.
 

Rising adoption of IoT application across various industries is one of the main factors driving embedded computing market growth. In addition, rising need for superior performance, lower cost, secure connectivity, faster processing, and power efficiency will also fuel the demand for embedded computing systems. New advancements in design of semiconductors has enabled the engineers to improve system intelligence and security while saving energy, which is further augmenting the embedded computing market outlook.
 

The major trend that will significantly impact embedded computing market during the projected time frame is the robust technological transformation in the telecommunication industry. Telecommunication systems combine several embedded systems like modems, network bridges, mobile phone, routers, and network switches. Due to the worldwide growth of 5G networks, the demand for embedded computers is expected to increase.
 

As per the report, embedded computing market was worth US $34.63 billion in 2018 and is projected to accumulate US $67.29 billion by the year 2027.
 

Based on component, the market is segmented as microcontroller, AISC, FPGA, microprocessors, memory, digital signal processor, and others. While considering the industry vertical, embedded computing market is fragmented as industrial, automotive, consumer electronics, transport, communication, enterprise & government, and others.
 

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Speaking of the regional landscape, the global embedded computing market is divided into regions namely, Asia Pacific, Middle East & Africa, North America, Europe, and South America. The report cites that Asia pacific leads the embedded computing market presently, due to the presence of various manufacturing industries across the region and supportive government initiatives to boost the manufacturing sector.
 

The prominent companies operating in embedded computing market include ARM Holdings PLC., Fujitsu Limited, Microchip Technology Incorporated, International Business Machines Corporation, Texas Instruments Incorporated, Intel Corporation, Qualcomm Incorporated, Renesas Electronics Corporation, STMicroelectronics N.V., and Advantech Co. Ltd.