Albany, NY -- (SBWIRE) -- 08/02/2018 -- Automotive software denotes a software, (or embedded software or firmware) that is related particularly to automotive industry specific products or services. The automotive industry, if considered an economy, will be the sixth largest economy in the world. Since the 1990s software has become an integral part of the automotive industry. The cost of an electric embedded system represents around 25 to 30 percent of the total cost of the car. The cost is equally shared among electronic and software components. Advancements in technology have led to the incorporation of a number of microprocessors with increased memory space into the automobiles. For instance, in 2004, an embedded electronic system in a Volkswagen Phaeton comprised of 10,000 electrical devices, 61 microprocessors, three controller area networks, and one multimedia bus. The integration of these systems requires software support. This is one of the reasons the global automotive software market has been gaining traction in the recent past and is likely to grow at a significant pace during the forecast period
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