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$110 Billion Embedded Systems Market to 2023DUBLIN, October 23, 2017 /PRNewswire/ -- The "Embedded Systems Market by Hardware (MPU, MCU, Application Specific IC / Application Specific Standard Product, DSP, FPGA, and Memory), Software (Middleware and Operating System), Application, and Geography - Global Forecast to 2023" report has been added to Research and Markets' offering.  The embedded systems market is expected to be valued at USD 110.46 Billion by 2023, at a CAGR of 4.05% between 2017 and 2023 The major factors driving the growth of this market include increasing adoption of embedded systems in the automotive industry, use of multicore processor technology in military applications, growing market for wearable devices, increase in usage of embedded systems in smart appliances of smart homes, and rising demand for embedded systems in healthcare equipment. The Internet of Things (IoT) has already revolutionized the consumer application industry. Large research and development (R&D) investments, acquisiions, and funding in IoT research projects are driving the growth of the IoT market. To cater to future opportunities in the IoT ecosystem, microprocessor manufacturers are acquiring companies working on IoT solutions. This factor would further propel the growth of the embedded systems market during the forecast period. This report segments the embedded systems market on the basis of hardware, software, application, and geography. The communications application accounted for the largest share of the embedded systems market in 2016. The need to fulfill the requirement of high data speeds for different types of data would drive the growth of the embedded systems market for the communications application in the coming years.
1 Introduction
For more information about this report visit https://www.researchandmarkets.com/research/cggh5q/embedded_systems About Research and Markets Media Contact: Laura Wood, Senior Manager 
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