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The global industrial embedded systems market is anticipated to grow at a steady CAGR of more than 5% during the forecast period. The increasing importance of embedded software will drive the growth of the global industrial embedded systems market until the end of 2020. In the past, several manufacturers relied on hardware-centric models such as the digital signal processor (DSP) and field application gateway arrays (FPGAs) to increase process efficiencies. But with the rising demand for cutting-edge technical systems, manufacturers are moving towards software-driven industrial embedded systems. This demand also corresponds to the advent of advanced human-machine interfaces, smart sensors, real-time data acquisition, and cloud computing. Also, a software-based approach supports an overall reduction in the developmental time and brings about a significant dip in the overall expenditure. This increase in the emphasis on software is a significant factor that will drive the growth prospects for the market in the forthcoming years.
In terms of geography, APAC accounted for the maximum market share during 2015 and will continue to dominate the market during the forecast period. The major factor contributing to this growth is the recent increase in the number of Greenfield projects. Also, the shift from legacy systems and machinery to modern technology and equipment is another factor driving growth. Additionally, the region has a strong presence in power, oil and gas, cement, automotive, electrical and electronics, pulp and paper, steel and metal processing, semiconductor and chemical and petrochemical industries, which also drives the market’s growth prospects in the coming years.
The vendors in the market differentiate themselves from other vendors based on their product performance, portfolio and service offerings, applications, knowledge of integrated systems, and quality of products. Similarly, the established industrial embedded system vendors in the market generate revenues through both direct and indirect sales. Besides this, the distributors or third-party vendors are also trying to expand their market presence based on factors such as the hiring of new talent and getting the international quality standard organizations to benchmark their products and services.
PART 01: Executive summary
PART 02: Scope of the report
PART 03: Market research methodology
PART 04: Introduction
PART 05: Market landscape
PART 06: Market segmentation by component
PART 07: Market segmentation by type
PART 08: Geographical segmentation
PART 09: Market drivers
PART 10: Impact of drivers
PART 11: Market challenges
PART 12: Impact of drivers and challenges
PART 13: Market trends
PART 14: Vendor landscape
PART 15: Key takeaways
PART 16: Appendix
PART 17: Explore Technavio
Research Framework
Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the market with a particular focus on identifying the key industry influencers. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.
INFORMATION SOURCES
Primary sources
Secondary sources
DATA ANALYSIS
Data Synthesis
Data Validation
REPORT WRITING
Qualitative
Quantitative
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