Global Embedded Computing Market Report 2023: Forecast Market Size, Growth Rate And Key Drivers
25 Oct, 2023
The global embedded computing market is anticipated to expand from $36.39 billion in 2022 to $39.74 billion in 2023, registering a Compound Annual Growth Rate (CAGR) of 9.2%. By 2027, the global embedded computing market size is projected to touch $54.64 billion, with a CAGR of 8.3%.
Global Embedded Computing Market Key Driver
The rising prevalence of consumer electronics is forecasted to drive the expansion of the embedded computing market in the foreseeable future. Consumer electronics (CE) encompasses a broad spectrum of electronic devices explicitly designed for purchase and everyday use by end-users or consumers for non-commercial or non-professional purposes. The integration of embedded systems empowers electronic products to provide cutting-edge functionalities, seamless connectivity, superior performance, and enhanced efficiency, thereby playing a pivotal role in the ever-evolving landscape of consumer electronics.
Get a Sample of the global embedded computing market reportGlobal Embedded Computing Market Segments
The global embedded computing market is segmented:
1) By Type: Hardware, Software
2) By Function: Real-Time, Standalone, Mobile, Networked
3) By End User: Automotive, Industrial, Healthcare, Retail, Consumer and Smart Home, Other End Users
4) By Geography: The report covers regions such as Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, and Africa. Among these, Asia-Pacific holds the largest share in the global embedded computing market.
Major Embedded Computing Industry Players
Embedded Computing Market Overview
Embedded computing involves the integration of computing systems into non-computerized objects or devices, aimed at enhancing their performance and functionality. It finds application across diverse industries to augment the capabilities of electronic equipment and systems.
Embedded Computing Global Market Report 2023 provides data on the global embedded computing market such as market size, growth forecasts, segments and geographies, competitive landscape including leading competitors’ revenues, profiles and market shares. The embedded computing market report identifies opportunities and strategies based on market trends and leading competitors’ approaches.