Proliferating demand from end use industries such as healthcare is likely to drive embedded system market size growth. Mounting healthcare expenditure coupled with escalating longevity of the population result in the need for advanced and affordable medical equipment. The reduction in embedded hardware cost as well as increasing demand in healthcare sector is anticipated to surge the industry demand over the forecast period.
Rising adoption of medical devices such as ECG signal monitoring mobile embedded systems, blood glucose level monitors and heart rate monitors in healthcare system is likely to fuel the global demand.
Embedded system market size is expected to exceed USD 258.72 billion by 2023, growing at 5.6% during the next six years. Innovation in technology along with mounting smart grid initiatives is likely to fuel industry demand.
Internet of Things (IoT) market is a network of physical objects implanted with sensors, software, connectivity and electronics in order to exchange data for the effective and efficient operation. It requires analysis embedded as well as data management systems to effectively utilize the data gathered for the optimal functioning of devices. However, security concerns are likely to pose challenge to the demand growth over the forecast period. It is essential to safeguard the embedded system from unauthorized software and other vulnerability problems such as theft and data privacy. In addition, continuous efforts are being made in order to tackle these concerns and securing the systems from thefts and data hackers.
Rising adoption of medical devices such as ECG signal monitoring mobile embedded systems, blood glucose level monitors and heart rate monitors in healthcare system is likely to fuel the global demand.
Embedded system market size is expected to exceed USD 258.72 billion by 2023, growing at 5.6% during the next six years. Innovation in technology along with mounting smart grid initiatives is likely to fuel industry demand.
Europe embedded system market size, by application,
Internet of Things (IoT) market is a network of physical objects implanted with sensors, software, connectivity and electronics in order to exchange data for the effective and efficient operation. It requires analysis embedded as well as data management systems to effectively utilize the data gathered for the optimal functioning of devices. However, security concerns are likely to pose challenge to the demand growth over the forecast period. It is essential to safeguard the embedded system from unauthorized software and other vulnerability problems such as theft and data privacy. In addition, continuous efforts are being made in order to tackle these concerns and securing the systems from thefts and data hackers.
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