Embedded Computing Market Size to worth US$ 174.38 Billion by 2031, Coherent Market Insights [Yahoo! Finance]
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Source: Yahoo! Finance
Burlingame, Nov. 12, 2024 (GLOBE NEWSWIRE) -- According to Coherent Market Insights, the global embedded computing market size is estimated to be valued at USD 112.45 billion in 2024 and is expected to surpass USD 174.38 billion by 2031, growing at a CAGR of 6.5% from 2024 to 2031. The growing adoption of IoT across various industrial verticals is a major factor driving the growth of the embedded computing market. IoT enables numerous devices to connect and share data with each other over the internet. Embedded systems play a crucial role in powering IoT devices and enabling connectivity and data sharing capabilities. Moreover, the miniaturization of electronic components is allowing embedded systems to be integrated into smaller devices. The declining prices of embedded chips is another factor fueling the adoption of embedded systems. However, the lack of common connectivity standards for IoT may hamper the market growth. Request a Sample Copy of the Report @ https://www.coheren
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