Prospects for development are strong for the worldwide embedded software market during the four-year period leading to 2016, according to Research and Markets.
From 2012 to 2016, the compounded annual growth rate of the sector is predicted to be 10.7 percent, CIOL Bureau reports. The data came from the "Global Embedded Software Market 2012-2016" report.
"One of the major trends noticed in the Global Embedded Software market is the development of energy-efficient systems. Traditionally, embedded systems used to consume more energy than was actually required," an analyst with the hardware team of TechNavio said, according to the news source. "However, as a result of technological advancements, current embedded software enables systems to identify critical and idle processes, and allocate power efficiently. This reduces the consumption of power, making the systems in which the software is embedded energy efficient. This is expected to contribute to the growth of the market."
Demand for embedded software in the auto industry is poised to be a vital source of market growth. But the sector also is monitoring the impact that safety and security factors will have on the industry.