According to our latest market study on "Embedded Hypervisor Market Forecast to 2028 - COVID-19 Impact and Global Analysis - by Component, Technology, Enterprise Size, and Industry," the embedded hypervisor market size was valued at US$ 5,406.7 million in 2021 and is projected to reach US$ 7,823.2 million by 2028; it is expected to grow at a CAGR of 6.5% from 2021 to 2028.
Growing Adoption of Embedded Hypervisor in Vertical of Industrial Applications Fuels Market Growth
The integration of sensors into devices has become increasingly important for businesses in various industry verticals, as they recognize the value of the Internet of Things (IoT) and communication technologies. This has led to optimization of various business functions such as supply chain planning, logistics, and manufacturing, resulting in increased profitability. Furthermore, the development of autonomous vehicles is progressing steadily, with several well-known car manufacturers partnering with technologically advanced companies. Companies such as Ford, General Motors, Nissan, Tesla, Mercedes, and Honda are investing billions of dollars in the research and development of these cars. These advancements are particularly prevalent in industries such as automotive, consumer electronics, healthcare, and aerospace & defense, where the integration of sensors can greatly improve operational efficiency and profitability.
The integration of sensors into devices has become increasingly important for businesses in various industry verticals, as they recognize the value of the Internet of Things (IoT) and communication technologies. This has led to optimization of various business functions such as supply chain planning, logistics, and manufacturing, resulting in increased profitability. Furthermore, the development of autonomous vehicles is progressing steadily, with several well-known car manufacturers partnering with technologically advanced companies. Companies such as Ford, General Motors, Nissan, Tesla, Mercedes, and Honda are investing billions of dollars in the research and development of these cars. These advancements are particularly prevalent in industries such as automotive, consumer electronics, healthcare, and aerospace & defense, where the integration of sensors can greatly improve operational efficiency and profitability.
The factory floor operations, manufacturing employment, and the dynamics of the manufacturing sector have undergone significant changes due to automation in manufacturing over the past two decades. The introduction of industrial automation has improved productivity and quality by reducing errors and waste, enhancing safety, and adding flexibility to the manufacturing process. Moreover, integrating the real-time operating system (RTOS) with industrial automation can enhance process scheduling, memory management, and file management, enabling them to run as a single process. Thus, the associated benefits and increasing demand for RTOS in vertical industrial applications are driving the demand for embedded hypervisors, leading to the growth of the embedded hypervisor market.
Key Findings of Study:
The analysis of the embedded hypervisor market based on geography shows that it is divided into five regions - North America, Europe, APAC, MEA, and SAM. In 2020, North America held the largest market share of the embedded hypervisor market. This growth is credited to the favorable policies of the North American government for the development of the IT and communication sector. For example, the US government added $500 million to the Technology Modernization Fund in May 2021. Moreover, the Canadian government invested over $20 million in clean technology, the digital economy, health sciences, and value-added agriculture in August 2021. The federal governments in North America are taking initiatives to improve government business and communication efficiency by replacing traditional IT tools with modernization tools. The COVID-19 pandemic has accelerated the adoption of cloud technologies, which has positively impacted the embedded hypervisor market growth. The rising concerns and threats related to cybersecurity in military systems have increased the demand for advanced technology to reduce these cyber threats, offering growth opportunities to the embedded hypervisor market players. North America has well-established technology pioneers such as Microsoft, IBM, Citrix Systems Inc., VMware Inc., and Wind River Systems Inc., that support the embedded hypervisor market growth. The rising mergers and acquisitions are expected to provide potential growth opportunities for the embedded hypervisor market during the forecast period. For example, IBM Corporation and NeuReality partnered up in November 2021 to develop AI inference platforms and evaluate NeuReality products in IBM's hybrid cloud. The strategic initiatives from leading players present immense competition and are expected to hold potential growth opportunities during the forecast period.
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