IOT Operating Systems Market Current Status and Future Prospects
The worldwide IoT Operating Systems Market size is predicted to reach a significant market worth of USD 2.81 Billion by the end of the year 2030.
Shraddha Nevase
IOT Operating Systems Market Analysis
Market Research Future (MRFR) predicts the global Iot Operating Systems Market Growth to reach USD 2.81 Billion at a 23.35% CAGR from 2022 to 2030 (forecast period).
Internet of things (IoT) operating systems are designed to operate within the constraints of internet of things devices, which include memory, size, power, and processing capacity constraints. The Internet of Things operating system is a sort of embedded operating system that can transfer data over the internet.
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IOT Operating Systems Market Major Key Players:
- Google Inc. (U.S.)
- Apple Inc. (U.S.)
- ESOL Co. Ltd. (Japan)
- BlackBerry Limited (Canada)
- ARM Ltd. (U.K)
- Wittenstein (Germany)
- ENEA AB (Sweden)
- Mentor Graphics Corporation (U.S.)
- Green Hills Software (U.S.)
To exchange and collect data, physical and smart devices are embedded with electronic devices, software, and sensors. IoT enables things to sense and manage existing network infrastructure, allowing for direct incorporation of the physical world in computer-based systems.
IoT helps to improve productivity and accuracy while reducing human involvement and operating costs.
Alibaba Group has partnered with NXP to provide "millions of vehicles" with NXP's automotive infotainment solution. AliOS (Alibaba Group's IoT platform) installation in aircraft will result in smart cockpits with enhanced multi-screen displays and over-the-air updates.
The rising adoption of IoT operating systems by small and medium-sized businesses is the primary driver fueling the market growth. Another factor projected to fuel the industry is the rapid expansion of the bring your own device (BYOD) concept and online data sharing.
The primary impediment to the IoT operating system is software licensing and IP violation of operating systems. In addition, the market is hampered by a lack of consistency in standards for interconnectivity and interoperability.
Google has created an IoT OS called "Android Things," formerly known as "Brillo," that is designed to function on low-powered devices. The infrastructure of this OS is based on low-cost, ultra-low-end IoT hardware and is designed to communicate with other nearby connected devices using 32-64 Mb of RAM.
COVID-19 Impact on the Global IoT Operating Systems Market
The introduction of regulations by governments around the world to deal with the COVID-19 outbreak has been found to have an impact on the development of the global IoT operating systems market.
IOT Operating Systems Market Segmentation
The global IoT operating systems market has been segmented into services, organization size, verticals, operating system type, and application.
By services, the global IoT operating systems market has been segmented into Professional and Managed. Professional services have been further classified into Business Consulting Services, Deployment & Integration Services, and Maintenance & Support Services.
By organization size, the global IoT operating systems market has been segmented into small and medium enterprises and large enterprise.
By verticals, the global IoT operating systems market has been segmented into IT, manufacturing, energy & utilities, medical & healthcare, consumer electronics, industrial automation, transportation & logistics and others.
By operating system type, the global IoT operating systems market has been segmented into Windows 10 IoT, Nucleus RTOS, WindRiver VxWorks, Embedded Apple iOS and OSX, and Green Hills Integrity.
By application, the global IoT operating systems market has been segmented into Digital Signage, Smart Factories, Smart Healthcare, Smart Buildings and Home Automation, IoT Wearables, Vehicle Telematics and Others.
By User Type:
- Large Enterprises
- SME’s
By Application Area:
- Smart Building & Home Automation
- Capillary Networks Management
- Smart Utilities
- Vehicle Telematics
- Industrial Manufacturing and Automation
- Smart Healthcare
Regional Analysis
The geographical analysis of the global IoT operating systems market is studied for North America, Europe, Asia Pacific, and the rest of the world.
During the projected period, North America is likely to dominate the IoT operating systems market. Companies in the North American region are heavily investing in research and development operations as a result of their strong and well-established economies. As industries adopt smart connected devices and technology breakthroughs, this has resulted in digitization across industry verticals in North America.
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Summary
The global IoT operating systems market is set to reach USD 17 billion at a 41% CAGR from 2020 to 2027 (forecast period). The rising adoption of IoT operating systems by small and medium-sized businesses is the primary driver of market growth. Another factor projected to fuel the market is the huge growth in the bring your own device (BYOD) concept and online data sharing.
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