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    Embedded Software Market

    ID: MRFR/SEM/1571-HCR
    110 Pages
    Shubham Munde
    September 2025

    Embedded Software Market Research Report Information by programming languages (C, C++, Assembly Language, Java, .Net), By Application (Consumer Electronics, Healthcare, Automotive, Radio & Satellite Devices) - Industry Size, Share and Trends 2032

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    Global Embedded Software Market Research Report- Forecast 2032 Infographic
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    Table of Contents

    Embedded Software Market Summary

    As per Market Research Future Analysis, the global embedded software market was valued at USD 15.34 billion in 2022 and is projected to reach USD 37.61 billion by 2032, growing at a CAGR of 9.4% from 2024 to 2032. The market growth is driven by the increasing demand for advanced technologies such as AI, machine learning, and IoT, alongside rising automation needs in industries like manufacturing, healthcare, and automotive. Government initiatives promoting smart technologies further support market expansion. However, challenges such as cyber threats and complex architectures leading to high energy consumption may hinder growth. North America leads the market, followed by Asia-Pacific and Europe, with significant contributions from countries like China, Japan, and Germany.

    Key Market Trends & Highlights

    The embedded software market is witnessing transformative trends driven by technological advancements and industry demands.

    • Market projected to grow from USD 15.34 billion in 2022 to USD 37.61 billion by 2032.
    • North America accounted for over 25% of the market share in 2022.
    • Asia-Pacific expected to grow at the fastest CAGR of 10.2% between 2023 and 2032.
    • Government initiatives in smart technologies are boosting market growth.

    Market Size & Forecast

    2022 Market Size USD 15.34 Billion
    2032 Market Size USD 37.61 Billion
    CAGR from 2024 to 2032 9.4%

    Major Players

    Enea Software AB, Green Hills Software, IBM Corporation, Intel Corporation, Microsoft Corporation, Advantech Industrial Computing India Pvt Ltd, Emerson Network Power, Microchip Technology Inc, Mitsubishi Electric Corporation, ST Microelectronics.

    Embedded Software Market Trends

    The ongoing evolution of the Global Embedded Software Market is characterized by an increasing integration of advanced technologies, which appears to enhance operational efficiency across various sectors.

    U.S. Department of Commerce

    Embedded Software Market Drivers

    Rising Demand for IoT Devices

    The Global Embedded Software Market Industry is experiencing a surge in demand for Internet of Things (IoT) devices. As industries increasingly adopt IoT solutions, the need for embedded software that can efficiently manage and process data becomes paramount. For instance, smart home devices, industrial automation systems, and connected vehicles are driving this trend. The market is projected to reach 19.9 USD Billion in 2024, reflecting the growing integration of embedded software in various sectors. This demand is likely to continue, as IoT applications are expected to proliferate, further propelling the growth of the Global Embedded Software Market Industry.

    Market Segment Insights

    Regional Insights

    Key Companies in the Embedded Software Market market include

    Industry Developments

    • Q2 2024: SiFive raises $175M Series F to expand RISC-V chip design and embedded software ecosystem SiFive, a leading provider of RISC-V processor IP and embedded software, secured $175 million in Series F funding to accelerate development of its chip design and embedded software platforms for automotive, AI, and edge computing applications.
    • Q2 2024: Renesas to acquire Altium for $5.9 billion to boost embedded software and electronics design Renesas Electronics announced its acquisition of Altium, an electronics design software company, aiming to strengthen its embedded software capabilities and expand its offerings for automotive and industrial customers.
    • Q2 2024: NXP Semiconductors launches S32Z and S32E real-time processors for automotive embedded software NXP Semiconductors introduced new S32Z and S32E processors designed for real-time embedded software applications in automotive domain controllers, targeting next-generation vehicles with advanced safety and connectivity features.
    • Q3 2024: Bosch opens new embedded software development center in Stuttgart Bosch inaugurated a dedicated embedded software development facility in Stuttgart, Germany, to support its growing automotive and industrial software engineering teams and accelerate innovation in connected devices.
    • Q3 2024: Arm and Qualcomm announce partnership to co-develop embedded AI software for edge devices Arm and Qualcomm revealed a strategic partnership to jointly develop embedded AI software platforms for edge computing devices, aiming to enhance performance and energy efficiency in IoT and automotive applications.
    • Q3 2024: Infineon launches new AURIX TC4x microcontroller family for automotive embedded software Infineon Technologies released its AURIX TC4x microcontroller family, designed to support advanced automotive embedded software for autonomous driving, cybersecurity, and vehicle connectivity.
    • Q4 2024: Microsoft acquires Movial to strengthen embedded software engineering for IoT devices Microsoft completed the acquisition of Movial, a Finnish embedded software engineering firm, to bolster its IoT device software development capabilities and expand its Azure IoT platform offerings.
    • Q4 2024: STMicroelectronics and AWS partner to deliver cloud-connected embedded software solutions STMicroelectronics announced a partnership with Amazon Web Services (AWS) to provide integrated cloud-connected embedded software solutions for industrial and consumer IoT devices.
    • Q1 2025: Edge Impulse raises $60M Series C to expand embedded machine learning software for edge devices Edge Impulse, a provider of embedded machine learning software, secured $60 million in Series C funding to scale its platform for edge devices in industrial, healthcare, and consumer electronics sectors.
    • Q1 2025: Renesas launches new embedded software platform for EV battery management systems Renesas introduced a new embedded software platform specifically designed for electric vehicle battery management systems, aiming to improve safety, efficiency, and real-time monitoring capabilities.
    • Q2 2025: BlackBerry appoints new CEO to lead QNX embedded software business BlackBerry named a new CEO to oversee its QNX embedded software division, focusing on expanding its footprint in automotive, industrial, and IoT markets.
    • Q2 2025: Siemens opens embedded software innovation hub in Bangalore Siemens inaugurated an embedded software innovation hub in Bangalore, India, to accelerate development of industrial automation and smart infrastructure solutions.

    Future Outlook

    Embedded Software Market Future Outlook

    The Global Embedded Software Market is projected to grow at an 8.57% CAGR from 2024 to 2035, driven by advancements in IoT, automotive technology, and AI integration.

    New opportunities lie in:

    • Develop tailored embedded solutions for smart home devices to capture emerging consumer demand.
    • Invest in cybersecurity features for automotive embedded systems to enhance safety and compliance.
    • Leverage AI-driven analytics in embedded software for predictive maintenance in industrial applications.

    By 2035, the Global Embedded Software Market is expected to achieve substantial growth, reflecting its critical role in technological advancement.

    Market Segmentation

    Report Scope

    Report Attribute/Metric Details
    Market Size 2022 15.34 (USD Billion)
    Market Size 2032 37.61 (USD Billion)
    Compound Annual Growth Rate (CAGR) 9.4% (2024 - 2032)
    Base Year 2023
    Market Forecast Period 2024 - 2032
    Historical Data 2021
    Report Coverage Revenue Forecast, Market Competitive Landscape, Growth Factors, and Trends
    Segments Covered programming languages, Application
    Geographies Covered North America, Europe, Asia-Pacific, and Rest of the World (RoW)
    Countries Covered The US, Canada, German, France, UK, Italy, Spain, China, Japan, India, Australia, South Korea, and Brazil
    Key Companies Profiled Green Hills Software (U.S), IBM Corporation(U.S), Intel Corporation(U.S), Microsoft Corporation(U.S),, Advantech Industrial Computing India Pvt Ltd (Taiwan), Emerson Network Power(U.S), Microchip Technology Inc (U.S), Mitsubishi Electric Corporation (Japan) and, ST Microelectronics (Switzerland)
    Key Market Opportunities The advent of 5G and the development of 5G based embedded devices
    Key Market Dynamics The Surge in the demand for ADAS in EV and hybrid vehicles

    Market Highlights

    Author
    Shubham Munde
    Research Analyst Level II

    With a technical background in information technology & semiconductors, Shubham has 4.5+ years of experience in market research and analytics with the tasks of data mining, analysis, and project execution. He is the POC for our clients, for their consulting projects running under the ICT/Semiconductor domain. Shubham holds a Bachelor’s in Information and Technology and a Master of Business Administration (MBA). Shubham has executed over 150 research projects for our clients under the brand name Market Research Future in the last 2 years. His core skill is building the research respondent relation for gathering the primary information from industry and market estimation for niche markets. He is having expertise in conducting secondary & primary research, market estimations, market projections, competitive analysis, analysing current market trends and market dynamics, deep-dive analysis on market scenarios, consumer behaviour, technological impact analysis, consulting, analytics, etc. He has worked on fortune 500 companies' syndicate and consulting projects along with several government projects. He has worked on the projects of top tech brands such as IBM, Google, Microsoft, AWS, Meta, Oracle, Cisco Systems, Samsung, Accenture, VMware, Schneider Electric, Dell, HP, Ericsson, and so many others. He has worked on Metaverse, Web 3.0, Zero-Trust security, cyber-security, blockchain, quantum computing, robotics, 5G technology, High-Performance computing, data centers, AI, automation, IT equipment, sensors, semiconductors, consumer electronics and so many tech domain projects.

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    FAQs

    What is the estimated valuation pegged for the global embedded software market?

    The global embedded software market valuation is pegged at USD 15.34 billion by 2022.

    What is the growth rate of the global embedded software market?

    The global embedded software market is expected to display a CAGR of 9.4% from 2024 to 2032.

    What are major drivers of the global embedded software market?

    Rise of internet of things, procurement of consumer electronic devices, and investments in automation technologies are major drivers of the global embedded software market.

    Which region can dominate the global embedded software market?

    North America can dominate the global embedded software market till 2032.

    Which region can showcase the fastest growth for the global embedded software market?

    Asia Pacific can showcase the fastest growth for the global embedded software market owing to rising industrialization and urbanization.

    1. OF CONTENTS
    2.     MARKET INTRODUCTION    
    3.  INTRODUCTION    
      1.     SCOPE OF STUDY
    4.  RESEARCH OBJECTIVE
      1.     ASSUMPTIONS
    5.  LIMITATIONS
      1.     MARKET STRUCTURE
    6.  RESEARCH METHODOLOGY
      1.     RESEARCH NETWORK
    7. SOLUTION
      1.     PRIMARY RESEARCH
      2.     SECONDARY
    8. RESEARCH
      1.     FORECAST MODEL
        1.     MARKET
    9. DATA COLLECTION, ANALYSIS & FORECAST
      1.     MARKET
    10. SIZE ESTIMATION
    11.     MARKET DYNAMICS 
    12.  INTRODUCTION
      1.     MARKET DRIVERS
      2.     MARKET
    13. CHALLENGES
      1.     MARKET OPPORTUNITIES 
    14.     MARKET RESTRAINTS
    15.     EXECUTIVE
    16. SUMMARY 
    17.     MARKET FACTOR ANALYSIS
    18.  PORTER’S FIVE FORCES ANALYSIS
      1.     SUPPLY
    19. CHAIN ANALYSIS
    20.     GLOBAL EMBEDDED SOFTWARE MARKET,
    21. BY SEGMENTS
      1.     INTRODUCTION
      2.     MARKET
    22. STATISTICS
      1.     BY PROGRAMMING LANGUAGE
    23.  C
      1.     C++
        1.   ASSEMBLY LANGUAGE
    24.  JAVA
      1.     .NET
        1.     OTHERS
    25.  BY APPLICATIONS
      1.     CONSUMER ELECTRONICS 
    26.  HEALTHCARE
      1. AUTOMOTIVE
        1.     RADIO &
    27. SATELLITE DEVICES
      1.     OTHERS
        1.     BY GEOGRAPHY
    28.  NORTH AMERICA
      1.     EUROPE
        1.     ASIA-PACIFIC
    29.  REST OF THE WORLD
    30.     COMPETITIVE ANALYSIS
    31.  MARKET SHARE ANALYSIS
      1.     COMPANY PROFILES
    32.  ENEA SOFTWARE AB (SWEDEN)
      1.     GREEN HILLS SOFTWARE (U.S.)
    33.  IBM CORPORATION (U.S.)
      1.     INTEL CORPORATION (U.S.)
    34.  MICROSOFT CORPORATION (U.S.)
      1.     ADVANTECH INDUSTRIAL
    35. COMPUTING INDIA PVT. LTD (TAIWAN)
      1.     EMERSON NETWORK
    36. POWER (U.S.)
      1.     MICROCHIP TECHNOLOGY INC. (U.S.)
    37.  MITSUBISHI ELECTRIC CORPORATION (JAPAN)
      1.     STMICROELECTRONICS
    38. (SWITZERLAND)
      1.     OTHERS
    39.         GLOBAL EMBEDDED SOFTWARE MARKET, BY PROGRAMMING
    40. LANGUAGE
    41.      GLOBAL EMBEDDED SOFTWARE MARKET, BY REGIONS 
    42.         NORTH AMERICA EMBEDDED SOFTWARE MARKET, BY
    43. PROGRAMMING LANGUAGE
    44. MARKET, BY APPLICATIONS
    45. MARKET, BY PROGRAMMING LANGUAGE
    46. EMBEDDED SOFTWARE MARKET, BY APPLICATIONS
    47.  CANADA EMBEDDED SOFTWARE MARKET, BY PROGRAMMING LANGUAGE
    48.      CANADA EMBEDDED SOFTWARE MARKET, BY APPLICATIONS
    49.     EUROPE EMBEDDED SOFTWARE MARKET, BY PROGRAMMING LANGUAGE
    50.     EUROPE EMBEDDED SOFTWARE MARKET, BY APPLICATIONS
    51.     GERMANY EMBEDDED SOFTWARE MARKET, BY PROGRAMMING LANGUAGE
    52.     GERMANY MOBILE WALLE T MARKET, BY APPLICATIONS
    53.  FRANCE EMBEDDED SOFTWARE MARKET, BY PROGRAMMING LANGUAGE
    54.  FRANCE EMBEDDED SOFTWARE MARKET, BY APPLICATIONS
    55. EMBEDDED SOFTWARE MARKET, BY PROGRAMMING LANGUAGE
    56. EMBEDDED SOFTWARE MARKET, BY APPLICATIONS
    57. OF EUROPE EMBEDDED SOFTWARE MARKET, BY PROGRAMMING LANGUAGE
    58. OF EUROPE EMBEDDED SOFTWARE MARKET, BY APPLICATIONS
    59. EMBEDDED SOFTWARE MARKET, BY PROGRAMMING LANGUAGE
    60. EMBEDDED SOFTWARE MARKET, BY APPLICATIONS
    61. EAST & AFRICA EMBEDDED SOFTWARE MARKET, BY PROGRAMMING LANGUAGE
    62.  MIDDLE EAST & AFRICA EMBEDDED SOFTWARE MARKET, BY APPLICATIONS
    63. LIST
    64. OF FIGURES
    65.     GLOBAL EMBEDDED SOFTWARE MARKET: BY PROGRAMMING LANGUAGE (%)
    66.     GLOBAL EMBEDDED SOFTWARE MARKET: BY APPLICATIONS (%)
    67.     GLOBAL EMBEDDED SOFTWARE MARKET: BY REGION 
    68.  NORTH AMERICA EMBEDDED SOFTWARE MARKET, BY PROGRAMMING LANGUAGE (%)
    69.     NORTH AMERICA EMBEDDED SOFTWARE MARKET, BY APPLICATIONS (%)
    70.     EUROPE EMBEDDED SOFTWARE MARKET, BY PROGRAMMING LANGUAGE (%)
    71.     EUROPE EMBEDDED SOFTWARE MARKET, BY APPLICATIONS (%)
    72.     ASIA-PACIFIC EMBEDDED SOFTWARE MARKET, BY PROGRAMMING LANGUAGE
    73. APPLICATIONS (%)
    74. PROGRAMMING LANGUAGE (%)
    75. MARKET, BY APPLICATIONS (%)

    Global Embedded Software Market Segmentation

    Market Segmentation Overview

    • Detailed segmentation data will be available in the full report
    • Comprehensive analysis by multiple parameters
    • Regional and country-level breakdowns
    • Market size forecasts by segment
    Global Embedded Software Market Research Report- Forecast 2032 Infographic
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