The global embedded intelligence market is projected to reach a market value of USD 861356.7 million in 2033, increasing from USD 28057.6 million in 2023, expanding at a CAGR of 11.2% during the forecast period.
Artificial intelligence and embedded software are two technological advancements that make up the demand for embedded intelligence. Due to the quick shift to more intelligent systems in the traditional embedded systems industry, embedded intelligent systems have recently become a significant potential for technology suppliers, system vendors, and service providers.
Currently, embedded intelligent systems are producing new value throughout a highly fragmented ICT market, allowing new breakthroughs, and displacing incumbents across the supply chain.
| Report Attribute | Details |
|---|---|
| Historical Growth Rate (2018 to 2022) | 9.1% |
| Embedded Intelligence Market Value (2023) | USD 28057.6 million |
| Embedded Intelligence Market Anticipated Forecast Value (2033) | USD 81356.7 million |
| Embedded Intelligence Market Projected Growth Rate (2023 to 2033) | 11.2% |
The development of smart devices, the migration of users to high fidelity data networks in developing countries, and the widespread requirement for data from both individuals and companies entirely contribute to the adoption of embedded intelligence systems during the course of the forecast period.
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The rising need for intelligent machines with self-reflection skills is one of the major factors projected to drive the demand for embedded intelligence during the forecast period. The demand for speedy, accurate, and intelligent technologies that can function without human intervention is another significant factor driving the market's expansion.
There are many devices that use embedded intelligent systems, like point-of-sale (POS) terminals, smart TVs, smart meters, video surveillance equipment, traffic light controls, car functionalities, digital signs, and aviation controls.
The embedded intelligence market is anticipated to grow during the forecast period due to the rising demand for intelligent systems triggered by the amplified adoption of these devices.
Moreover, as the conventional embedded systems industry quickly transitions to more intelligent systems, embedded intelligent systems have grown to be a significant potential for technology vendors, system vendors, and service providers.
Currently, embedded intelligent systems are allowing new breakthroughs, displacing incumbents across the supply chain, and creating new value all through the increasingly fragmented ICT industry.
The development of embedded intelligence may result in the loss of many jobs from various industries, but it is also anticipated to lead to the creation of more skilled and specialized job opportunities in the future.
Other factors that are anticipated to restrain the growth of the embedded intelligence market during the forecast period include time-consuming implementation, a lack of skilled labor and poorly built legacy systems, high replacement costs, and security concerns related to embedded analytics systems.
Developing regions like North America and Europe are anticipated to drive the demand for embedded intelligence throughout the forecast period, due to the rapid improvement of technology and ongoing research and development in artificial intelligence.
The prime opportunities in the embedded intelligence market are anticipated to be provided by North America.
The Embedded Intelligence market is dominated by North America. The region is anticipated to expand at a CAGR of over 36.1% during the forecast period. The primary reason behind the massive growth is the rapid technological progress in emerging economies.
Another factor boosting the adoption of embedded intelligence systems in this region is the ongoing innovation and advancement in artificial intelligence. Moreover, with a 30% global market share, the US IT sector dominates the global IT market.
The advent of 5G, which raises the speed and responsiveness of wireless networks, is anticipated to boost the telecom industries' present revenue sources, at the same time opening up major new business opportunities in this region.
The adoption of 5G in North America is predicted to reach 45% in 2023, driven by client preferences, particularly increased demand for mobile data mixed with a rise in video streaming services. IoT, the launch of 5G, and linked homes, cities, or automobiles are predicted to alter how telecom providers operate.
A recent market research study on the embedded intelligence market by Future Market Insight reveals that Europe is expected to have substantial development opportunities for embedded intelligence.
During the forecast period, this region is anticipated to have a greatest share of 24.0%. Due to the enormous technological progress, Europe is projected to have considerable market growth.
Even though the embedded intelligence market has a large number of well-known vendors, this market is home to a large number of international start-ups. These start-ups are making progress in meeting the demands of the Embedded Intelligence space.
For instance:
In January 2022, to provide a complete solutions test suite for smart charging, KPIT Technologies and dSPACE have entered into a partnership.
The market is extremely competitive due to the presence of a large number of participants. While major worldwide players like Advantech, Enea, Renesas, STMicroelectronics, Express Logic, Green Hills Software, and Intel Corporation control a sizable portion of the market, other regional-level firms, particularly those in North America, are also active in important growth regions.
Major companies in the market for embedded intelligent systems are making considerable investments in the creation of systems that feature cutting-edge technology and superior functionality. Strategic partnerships and collaborations with regional vendors are a key technique used by the top market vendors to increase their market presence across the globe.
Examples:
| Report Attribute | Details |
|---|---|
| Growth Rate | CAGR of 11.2% from 2023 to 2033 |
| Base Year for Estimation | 2022 |
| Historical Data | 2018 to 2022 |
| Forecast Period | 2023 to 2033 |
| Quantitative Units | Revenue in USD million and CAGR from 2023 to 2033 |
| Report Coverage | Revenue Forecast, Volume Forecast, Company Ranking, Competitive Landscape, Growth Factors, Trends and Pricing Analysis |
| Segments Covered | Solution, End-user, Application, Services, Region |
| Regions Covered | North America; Latin America; The Asia Pacific; Middle East and Africa; Europe |
| Key Countries Profiled | USA, Canada, Brazil, Argentina, Germany, UK, France, Spain, Italy, Nordics, BENELUX, Australia & New Zealand, China, India, ASEAN, GCC, South Africa |
| Key Companies Profiled | Ciena Corporation; Mindtree; DFKI GmbH; Advantech; Enea; Express Logic; Green Hills Software; Intel Corporation; Mentor Graphics; Microsoft Corporation LLC; NXP Semiconductors; Texas Instruments; Renesas; STMicroelectronics |
| Customization | Available Upon Request |
The embedded intelligence market size reaches USD 28057.6 million in 2023.
The embedded intelligence market is set to surge at a robust 11.2% CAGR, reaching a noteworthy valuation of USD 81356.7 million by 2033.
The embedded intelligence market demonstrated a 9.1% CAGR from 2018 to 2022.
The embedded intelligence market offers stakeholders tech innovation leverage, diverse industry applications, data-driven insights, and smart system proliferation.
North America and Europe drive embedded intelligence demand, propelled by rapid tech improvement and ongoing AI research.
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Embedded Intelligence Market
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