The global market for embedded software and systems is experiencing a significant upswing, driven by the surging demand for consumer electronic devices.
With the world becoming more interconnected the importance of embedded technologies has become crucial driving the growth of the industry.
Industry experts say, the embedded software market is anticipated to witness a robust Compound Annual Growth Rate (CAGR) of over 7%, reaching a valuation of more than USD 18.5 billion in 2023. Simultaneously, the embedded systems market is poised to surpass USD 250 billion.
The proliferation of smart devices, Internet of Things (IoT) applications, and the integration of embedded systems in various industries are major contributors to the burgeoning demand for embedded software.
These trends are further amplified by the rapid advancements in technology, prompting businesses to adopt embedded solutions to enhance functionality, connectivity, and overall performance.
Embedded Software – Shifting To A Cyber Security Focus.
According to embedded development services provider, Lemberg Solutions, as the number of IoT devices continues to grow, it’s become increasingly important to take strict security measures.
The development company contributes to the latest embedded software development trends by creating state-of-the-art products.
Lemberg Solutions also highlighted the critical importance of root of trust in embedded software systems for robust security It underscored the pivotal role of a Root of Trust (RoT) in safeguarding modern microcontrollers and CPUs within embedded software systems.
A Root of Trust is an intrinsic security layer embedded in modern microcontrollers and CPUs, offering a suite of protective features such as cryptography, trusted boot, and secure storage.
Additionally, Lemberg Solutions also emphasised that these security measures are indispensable for both IoT system developers and cloud service providers, forming the backbone of resilient embedded software systems.
“In a time where security risks have become significant the RoT plays a role in protecting IoT devices from potential vulnerabilities by acting as a foundational layer of defense against remote software attacks,”
As a response to an increasing frequency of cyberattacks, both in terms of hardware and software products and services, the European Commission proposed comprehensive regulations on horizontal cybersecurity requirements for digital products and services.
Specifically, the European Cyber Resilience Act (CRA) “aims to set the boundary conditions for the development of secure products with digital elements by ensuring that hardware and software products are placed on the market with fewer vulnerabilities and that manufactures take security seriously throughout a product’s life cycle.
Embedded System Trends
Just like any other industry, a technological one is ruled by certain trends. The development of
embedded systems is no exception.
The Internet of Things, Artificial Intelligence, and cybersecurity advancement have shaped the embedded systems we use today. In particular:
● The Internet of Things helps to connect devices, helping to make the data exchange
process faster.
● Artificial Intelligence makes the embedded system smarter. It helps it to adapt to
environmental conditions, improving an embedded device’s performance.
● Cybersecurity advancement is a breakthrough in embedded systems development, as
such software is better protected from cyber-attacks.
The Rise of Embedded Software Systems – Global Market Size
These systems are everywhere, present in everyday objects like household appliances, automotive systems, medical devices and industrial machinery. The main goal of embedded software is to enhance the performance of these devices by effectively managing resources and ensuring smooth operation.
Global embedded systems market is expected to reach 163.2 billion USD by 2031
Reported by Allied Market Research the embedded systems market is projected to achieve a substantial growth, reaching an estimated value of 163.2 billion USD by 2031
The influx of attention has fostered innovative developments within the embedded systems sector. However, it also brings to the forefront critical challenges associated with security, compliance, and supply chain management.
The escalating market value also indicates a robust and dynamic environment, characterised by rapid advancements in technology and a growing demand for embedded systems across various industries underscoring a heightened focus on research and development, as well as increased capital infusion from stakeholders.
