LONDON–(BUSINESS WIRE)–The embedded software market is expected to grow by USD 5.69 billion during 2020-2024, expanding at a CAGR of over 6%. The report also provides the market impact and new opportunities created due to the COVID-19 pandemic. We expect the impact to be significant in the first quarter but gradually lessen in subsequent quarters – with a limited impact on the full-year economic growth.
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Embedded Software Market: High adoption of embedded software in the semiconductor industry drive growth
Embedded software is widely used in the semiconductor industry to design ICs that interconnect various electronic components such as capacitors, transistors, amplifiers, oscillators, computer memory, and timer. The smartphone industry is one of the major end-users of ICs. Over the years, the adoption of smartphones has significantly increased across