Global Embedded Software Market (2020 to 2024) – Featuring Advantech, Emerson Electric & Enea Among Others
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DUBLIN–(BUSINESS WIRE)–Oct 9, 2020–
The “Global Embedded Software Market 2020-2024” report has been added to ResearchAndMarkets.com’s offering.
The embedded software market is poised to grow by $ 5.69 billion during 2020-2024 progressing at a CAGR of 6% during the forecast period.
The reports on embedded software market provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors.
The report offers an up-to-date analysis regarding the current global market scenario, latest trends and drivers, and the overall market environment. The market is driven by the high adoption in semiconductor industry, growing popularity of IoT and M2M technologies, and high adoption of smart home and smart grid technology.
The embedded software market analysis includes end-user segment and geographical landscapes. This study identifies the emergence of embedded software in in-vehicle infotainment as one of the prime reasons driving the embedded software market growth during the next few years. Also, use of embedded software in EDA and growing adoption of multi-core technology in embedded software will lead to sizable demand in the market.
The report presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters.
The embedded software market covers the following areas:
- Embedded software market sizing
- Embedded software market forecast
- Embedded software market industry analysis
- Advantech Co. Ltd.
- Emerson Electric Co.
- Enea AB
- Green Hills Software LLC
- International Business Machines Corp.
- Intel Corp.
- Microsoft Corp.
- NXP Semiconductors NV
- STMicroelectronics NV
- Texas Instruments Inc.
Key Topics Covered:
2. Market Landscape
- Market ecosystem
- Market characteristics
- Value chain analysis
3. Market Sizing
- Market definition
Emerson Expands Industrial Automation Control and Software Footprint with Agreement to Acquire Progea Group
Acquisition complements Emerson’s portfolio and helps customers in discrete and hybrid end markets accelerate digital transformation
Emerson (NYSE: EMR) today announced it has completed the acquisition of the Progea Group, an industry-leading provider of industrial internet of things (IIoT), plant analytics, human machine interface (HMI) and supervisory control and data acquisition (SCADA) technologies.
The addition of Progea’s capabilities in analytics, industrial visualization and IIoT will build upon Emerson’s embedded software and control portfolio for manufacturing, infrastructure and building automation applications and enable customers to streamline comprehensive machine and plant control systems to a single partner. This acquisition will help bridge a critical customer technology gap by lowering total cost of ownership and reducing the barriers that come with working across multiple vendors to drive more successful digital transformation and integration.
“The acquisition of Progea strengthens our ability to provide customers with an integrated package of control, visualization and IoT to help our customers improve overall equipment efficiency and accelerate their digital transformation journey,” said Lal Karsanbhai, executive president of Emerson’s Automation Solutions business. “Progea’s capability and expertise in machine and plant-level visualization and analytics provide customers with a flexible, scalable solution for their programmable logic controller (PLC) applications in discrete and hybrid markets.”
Progea Group is headquartered in Modena, Italy, with approximately 55 employees.
Emerson (NYSE: EMR), headquartered in St. Louis, Missouri (USA), is a global technology and engineering company providing innovative solutions for customers in industrial, commercial and residential markets. Our Automation Solutions business helps process, hybrid and discrete manufacturers maximize production, protect personnel and the environment while optimizing their energy and operating costs. Our Commercial & Residential Solutions business helps ensure human comfort and health, protect food quality and safety, advance energy efficiency and create sustainable infrastructure. For more information visit Emerson.com.