From the period of 2022 to 2028, the Global Embedded Hypervisor Market is expected to reach USD 7.36 Billion in terms of revenue, growing at a Compound Annual Growth Rate (CAGR) of 5.80%.
The growing usage of cloud technology across a wide range of end-use sectors is expected to drive revenue growth for manufacturers in the global embedded hypervisor market. In the future years, the growing demand for data security in various organizations throughout the world is expected to boost the global embedded hypervisor market. Over the next few years, technological improvements and the growing use of artificial intelligence in a range of industries are expected to boost the global embedded hypervisor market. Market participants, on the other hand, should concentrate on developing cost-effective solutions to meet the growing demand from industries.
Key Highlights from the Report
- Based on Components, the market is segmented into software and service. The software segment is predicted to grow at a quicker rate than the service segment, capturing the largest proportion of the market. In order to compete in the embedded hypervisor industry, players are focusing on software components. Rapid Internet penetration, a growing consumer electronics industry, and widespread acceptance of software-driven solutions across many industries are all driving the worldwide embedded hypervisor market forward.
- Based on Application, the market is segmented into Android & iOS devices, laptops, 5G, SCADA, Connected vehicles, Robotics, IoT, and Others. Growing demand for safety and security systems of modules, increased investment in IoT devices in the manufacturing sector, increased preference for real-time operating systems in the industrial automation sector, and growing adoption of the embedded hypervisors in verticals of industrial applications are driving the global embedded hypervisor market growth.
- Asia Pacific is the fastest regional segment. In terms of growth. In the next few, the Asia Pacific embedded hypervisor market is expected to rise at a promising rate. Due to increased demand for technology and expenditures by various firms in the region, the penetration of cloud computing and IoT for industrial automation has enhanced development possibilities in recent years.
Some of the key players in the Embedded Hypervisor Market include Acontis technologies GmbH, ACRN, AO Kaspersky Lab, Blackberry Limited, Citrix Systems Inc., Enea, Green Hills Software, IBM Corporation, Lynx Software Technologies Inc., Microsoft Corporation, NXP Semiconductors N.V., Real-Time Systems GmbH, Siemens, Sierraware SYSGO AG, TenAsys Corporation, VMware Inc., WindRiver Systems Inc. among others.
Increase in Demand for Safety & Security Systems
Because of escalating security and safety concerns, embedded hypervisors are becoming more widely used in military applications. In hostile network settings, hypervisors are integrated into linked security systems to provide total security to the modules. These are the layered structures that hypervisors employ in order to efficiently operate a given application. A layered security approach to systems and essential components is becoming more important in the aerospace and defense industries. The popularity of real-time operating systems is also driving demand for embedded hypervisors. Many real-time applications necessitate safety and security, as well as support for virtualization and other technologies.
Demand for embedded hypervisors in the automotive sector
The demand for integrated hypervisors in the automotive industry is steadily increasing. A robust system that uses sensors in automobiles, such as cameras and radars, to recognize the world around it and then either delivers information to the driver or takes automatic action based on what it observes is known as an advanced driver assistance system (ADAS). During the forecast period, the embedded hypervisor market is expected to benefit from increased adoption of V2I and V2V functionalities.
North America will hold the largest share of the market during the forecast period, with a market share of 36.10%. The growing presence of technical pioneers in the region is a critical factor driving the embedded hypervisor market in North America. Security services are in high demand as a result of rapid technological advancements and implementation. The growing acceptance of embedded hypervisors in businesses, technological advancements, cloud-based security solutions, AI, and desktop virtualizations are driving the embedded hypervisor market. The ever-expanding vehicle sector, as well as the rising popularity of automotive automation, are both propelling market growth.