Market Analysis
The global IoT operating systems market is predicted to grow at a healthy CAGR between 2017- 2023, states the recent Market Research Future (MRFR) analysis. An IoT operating system or OS has been specially designed for the specific specifications and demands of IoT applications and devices. It is critical to remote device management, storage, networking, security, connectivity, and other forms of IoT system needs.
Various factors are propelling the global IoT operating systems market share. According to the recent MRFR report, such factors include the need for data consistency, use of IoT operating systems by SMEs, BYOD and growing online data sharing, increased traction for the emergence of technologies like mobility and cloud computing, and increasing use of these solutions in different industrial domains. Additional factors adding market growth include increasing progress and investments undertaken by cloud computing technologies, advances in sensors, biochips, and other components, and an increase in the IoT healthcare applications like digital diagnostics, robot assistance, remote patient monitoring, telehealth consultations during the COVID-19 outbreak.
On the contrary, limited memory, power supply, and computational power of IoT devices, lack of consistency amid standards for interoperability & interconnectivity, and software IP violation and licensing of operating systems are factors that may impede the global IoT operating systems market growth over the forecast period.
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Regional Analysis
Based on the region, the global IoT operating systems market report covers the recent trends and growth opportunities across the Asia Pacific (APAC), North America, Europe, & the Rest of the World (RoW). Of these, North America will lead the market over the forecast period. Well-established and developed economies, increasing investments in R&D activities by leading players, technological advances, adoption of smart connected devices, and digitalization across different industry verticals are adding to the global IoT operating systems market growth in the region.
The global IoT operating systems market in the APAC region is predicted to have healthy growth over the forecast period. The dynamic growth of the IoT, data centers, telecom, and the web is adding to the global IoT operating systems market growth in the region. With data security being the key criteria for IoT operating systems, enterprises are looking for solutions for monitoring application performance, tracking loopholes in the application code, and reducing operational risks in systems.
The global IoT operating systems market in Europe is predicted to have healthy growth over the forecast period, and in the RoW is predicted to have steady growth over the forecast period.
Key Players
Eminent players profiled in the global IoT operating systems market report include Canonical Ltd. (U.K), Kaspersky Lab (Russia), Silicon Labs (U.S.), Wind River (U.S.), Microsoft Corporation (U.S.), SYSGO AG (Germany), Green Hills Software (U.S.), Mentor Graphics Corporation (U.S.), ENEA AB (Sweden), Wittenstein (Germany), ARM Ltd. (U.K), BlackBerry Limited (Canada), ESOL Co. Ltd. (Japan), Apple Inc. (U.S.), and Google Inc. (U.S.).
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