Global IoT Operating Systems Market Overview
The key driver impacting the IoT operating systems market is the rapidly augmented demand and adoption of advanced technologies, such as mobility and cloud computing. For instance, The BSA Global Cloud Computing Scorecard report estimations reveal, In 2018, over half of the enterprises had adopted cloud computing across the globe. During the period of 2012 to 2015, demand for cloud computing demand had reached 70% and is expected to show 60% of growth during the year 2020. About 96% of companies have used at least one cloud software's in the last two years. For instance, The UK Cloud Industry Forum (CIF) 2017 report shows that the overall cloud adoption rate reached 88%, with 67% of users estimated to increase their adoption of cloud services over the coming year.
Moreover, the adoption by SMEs is popularizing growth of the IoT operating system contributes to the IoT operating systems market growth in the coming years.
According to Value Market Research, the global IoT operating systems market size was valued at around USD 950 million in 2020, and it is estimated to grow at a CAGR of about 35% during the forecast period 2021 to 2027.
The growing demand for online data sharing, data consistency, and bring your own device are estimated to augment IoT operating systems in the forecast period. Also, the need for multi-platform mobility due to its advantages is adding growth to the market. For instance, the benefits include real-time employee interactions, easy deployment, better strategies, cost-effectiveness, quick responses for technical issues, and target-oriented operational costs. However, software licensing and IP violation of the operating system may hamper the market in the long run. Also, lack of consistency among standards for interconnectivity and interoperability negatively impact the market. The current industry trends, such as the end-to-end, cross-platform solutions, and the Deployment of IoT data maturity model, are expected to offer new lucrative market opportunities for the key players.
The IoT operating systems market is vast, with many local and global players. The IoT operating systems market is extensive, with many regional and international players. The important market leaders follow numerous strategies to improve their market position, such as acquisitions, extending product portfolio, contracts, amalgamation, contracts, acquisitions, product upgrades to enlarge their market share across the globe. The significant players studied in the report include Apple Inc., Blackberry Limited, ARM Ltd, Enea AB, Google Inc., Kaspersky Lab, Microsoft Corporation, Wind River, Canonical Ltd, eSol Co., Ltd., Green Hills Software, Mentor Graphics Corporation, A Subsidiary of Siemens, SYSGO AG, A Subsidiary of Thales Group, and Wittenstein.
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In this research report, the IoT operating systems market is segmented by user type, application area, and region.
Analysis by User Type:
By user type, the report is categorized into large enterprises and SME's. The large enterprise segment dominates the user type segment with over 55% share in 2020. It is because large enterprises use IoT operating systems to make more informed decisions on the cost, speed, and size of the IoT devices. Also, large enterprises are the early adopters of IoT operating systems. They have a broad portfolio of vendors and service providers in the market, and economies of scale related to a high number of IT assets contribute to the massive demand from the large enterprise segment in the forecast period.
Analysis by Application Area:
By application area, the report is categorized into smart building & home automation, capillary networks management, smart utilities, vehicle telematics, industrial manufacturing and automation, and smart healthcare. The Smart Building & Home Automation segment dominates the application segment with over 25% share in 2020. It is due to the IoT applications can connect, manage, and optimize complicated data sets, thus allowing IoT devices better manage building operations, security, and energy. Moreover, the ready availability of smart building IoT applications in the market, also the equipment manufacturers are ready to integrate value to buildings with the adoption of IoT contributing to smart building & home automation growth in the forecast period.
Analysis by Region:
In the regional outlook of the global IoT operating systems market, the North America region dominates globally with a 30% market share in the forecast period. It is due to the high adoption of technologically advanced products and availability of robust IT infrastructure in the U.S. Moreover, the expanding smart home industry across the U.S. and Canada contributes to tremendous market growth across North America.
Market Segmentation covered in the Report:
By User Type:
By Application Area:
- Smart Building & Home Automation
- Capillary Networks Management
- Smart Utilities
- Vehicle Telematics
- Industrial Manufacturing and Automation
- Smart Healthcare
By Region
- North America
- Europe
- Asia Pacific
- Latin America
- Middle East and Africa
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