New ARC Advisory Group research on the embedded systems software market reveals that next generation embedded systems will be powered by artificial intelligence (AI) and machine learning (ML) technologies. This includes advanced intelligence technologies like cognitive learning, inference engines, artificial neural networks (ANNs), deep learning, embedded vision and speech, and embedded machine learning in smart edge devices. ARC forecasts that in 5-10 years, 50 percent of all smart devices will have cognitive systems, and this includes edge devices for manufacturing and production systems, automotive, medical devices, and consumer goods.
“As cloud platform providers and chip makers confront today’s already-massive and rapidly growing volumes of data, stakeholders are wrestling with how data processing should be best partitioned between the cloud and network edge. The current focus on the IoT in both the business and industrial sectors drives these discussions, which will be influenced to a significant degree by the current state of embedded AI at the device level,” says Dick Slansky, Senior Analyst at ARC Advisory Group and key author of ARC’s Embedded Systems Software Global Market Research 2018 – 2023 report.
“As companies continue to design next-generation smart connected products, embedded systems-enabled IoT will transform traditional business models, merging software, edge devices, and online connectivity that will drive intelligent factories and smart products,” added Slansky.
About the Embedded Systems Software Research
This ARC research explores current market performance and related technology and business trends, identifies leading technology suppliers, and provides five-year global forecasts for the embedded systems software market. This new research is based on ARC’s industry-leading market research database, extensive primary and secondary research, and proprietary economic modeling techniques. The research includes competitive analysis, plus five-year market forecasts by revenue category, system type, applications, sales channels, and customers.
This new research is available in a variety of formats to meet the specific research and budgetary requirements of a wide variety of organizations. These include a:
- Market Intelligence Workbook (Excel) - personalized spreadsheet includes one year of history plus the current base year market data and five-year market forecast. This workbook enables licensed users to freely manipulate the data to make it easier to analyze the latest data for business intelligence and generate custom reports.
- Concise Market Analysis Report (PDF) – provides an executive-level summary of the current market dynamics, market forecasts, and competitive analysis, plus an overview of strategic issues. The PDF is available with or without detailed charts.
For more information on this and other available ARC market research, please visit our Market Data & Studies section.