ALBANY, New York, January, 05, 2018: A recent report by Transparency Market Research, titled “Embedded Computing Ecosystem Market - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2017 - 2025” covers a detailed analysis of this market from a global overview.
According to TMR analysts, the market for embedded computing systems is expected to rise considerably in the next few years, as the usage of computing systems in various business sectors has increased. The key driver for this market is the upsurge in the use of consumer electronics. As many of these devices are being operated with artificial intelligence, using newer versions of embedded computing systems has become a necessity, which further contributes to the rising demand for embedded computing systems. Several other factors are responsible for making a positive impact on the use of these systems. Some of these factors involve quality digital conversion processes that are applicable for industrial automation, and across a number of industry sectors such as healthcare and automotive. As more emphasis is being given on improving security and defense mechanisms globally, the automation of related processes has a led to a substantial expansion of embedded computing systems in the defense sector. By looking at the scenario from a broad perspective, according to the report, applications involving embedded computing ecosystems are bound to increase with a growth of Internet of Things (IoT) technologies being used in every economy.
Office automation processes, security, automobile manufacturing and operating methods, financial processes, and several other sectors are few applications amongst several others in the embedded computing ecosystem market. As per the report, the embedded computing systems could be divided in four primary criteria: components, industry vertical, region, end user, and components. These are sub-divided into several smaller segments, which are explained in detail in the report. Based on market figures and growing demand, the consumer electronics sub-category from the industrial vertical segment is expected to experience a good growth rate, thus contributing as a significant driver to the market.
Regarding the competitive landscape, most companies in the market provide advanced solutions and services. Due to much focus put on offering valuable services to customers, most of the competitors have substantial experience. The key players in the global embedded computing ecosystem market are Intel Corporation, ARM Holdings, Atmel Corporation, Renesas Electronics Corporation, IBM Corporation, Qualcomm Incorporated, and several others.
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From a geographical perspective, the global embedded ecosystem market is spread across North America, South America, Asia Pacific, Middle East and Africa, and Europe In North America, the market is anticipated to grow at a higher rate also hold a prime market share in contrast to other regions. According to the report, this growth is likely to occur during a forecast period from 2017-2025. The rise of AI based products in countries such as the United States and Canada is expected to propel the embedded computing ecosystem market’s growth. Apart from this region, countries from Asia-Pacific area are also slated to show positive growth in this market. This is especially due to many key players from China, India, Malaysia, and other countries investing heavily for producing quality embedded computing systems.
The TMR report extensively covers several aspects of the embedded computing systems market. A lot of focus in this report is given on important segments, market trends, prime opportunities, market dynamics and size of the industry, competitive landscape, and forecasts for the next few years. All these factors can provide a detailed analysis of the market through the report compiled by TMR analysts.
Apart from the above mentioned pointers, several other aspects associated with the embedded computing systems market are explained in the TMR report. Some these aspects are: value chain analysis, stakeholder analysis, technological innovations, and shares of leading players in the market, and strategies executed by top competitors. The report has been compiled by using primary as well as secondary research data.