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The Global Embedded Computing Market Size is expected to attain a value of $244.5 Billion by 2022, rising at a growth rate of 5.8% CAGR during the forecast period.
Embedded computing system is considered to be fine combination of embedded hardware and software with elements such as interfaces, inputoutput devices, display, memory and others. It is functionally implemented to perform specific and dedicated functions in electronic devices. The uses of embedded computing systems fall under a wide range of asset class. The favourable technological aspects such as speed, accuracy, adaptability, reliability, reusability, size, etc. make it a very hand technology within homes and offices, BFSI, security, automobile, defense, healthcare and many other notably market sectors.
Emerging economies due to a very highly potent market will play a major role in the rising adoption of embedded computing technology. The global embedded computing market is expected to attain a market size of $244.6 billion by 2022 experiencing a notable growth rate. In 2015, the North America region dominated the global embedded computing market. Based on estimation, the segment is expected to generate revenue of more than $102.7 billion by 2022. Asia-Pacific segment on the other hand is expected to register a highest CAGR of 10.20% during the forecast period (2016-2022).
Emerging markets, with a population with growing buying power is a fertile ground for the market to grow. Nevertheless, regions such as LAMEA are also fast growing to be competitive regions with tremendous potential. The Communication end user segment dominated the embedded computing market worldwide experiencing a CAGR of 5.5% during the forecast period. However, the energy segment would be growing at the highest CAGR during 2016 ? 2022. Companies profiled in the report include Atmel Corporation, Microchip Technology Inc., Intel Corporation, Renesas Electronics Corporation, Fujitsu Limited, IBM Corporation, Microsoft Corporation and QUALCOMM Incorporated.