From GlobeNewswire: 2024-11-12 02:50:00

The global embedded computing market is projected to grow from USD 112.45 billion in 2024 to over USD 174.38 billion by 2031, with a CAGR of 6.5%. The adoption of IoT and miniaturization of electronic components are driving market growth, although the lack of common connectivity standards for IoT may hinder progress.

The integration of vision systems and the need for real-time processing of IoT data are key trends in the embedded computing market. Edge computing is increasingly being used to process data locally, while vision systems are being implemented in various industries for surveillance, inspection, and automation purposes.

Hardware components are expected to dominate the embedded computing market, driven by rapid industrialization and automation. The software segment is also poised for growth, with an emphasis on developing advanced software solutions for data processing, remote monitoring, and security.

The global embedded computing market is forecasted to grow at a CAGR of 6.5% from 2024 to 2031, with the hardware segment expected to lead the market. The 8-bit processor segment is anticipated to dominate, with industrial automation applications driving market growth. North America is expected to be a key player in the market, with leading companies including Intel and Dell.



Read more at GlobeNewswire: Embedded Computing Market Size to worth US$ 174.38 Billion