IoT Operating Systems market is estimated to grow at a significant rate during the forecast period 2024-2032

Pune, India, April , 2018, MRFR Press Release/- Market Research Future published a half cooked research report on global IoT Operating Systems market.

Market Highlights

The IoT Operating Systems market industry is projected to grow from USD 0.7401 Billion in 2024 to USD 3.3 Billion by 2032, exhibiting a compound annual growth rate (CAGR) of 20.55% during the forecast period (2024 - 2032). The internet of things (IoT) is an environment which enables each device to connect to all other devices present in the network. It is an integrated system of distinctively recognizable communicating devices which can exchange information in a connected network. The Internet of things is extending its reach to almost every industry vertical. One of the drawbacks IoT OS is facing is limited memory, computational power, and power supply that IoT devices have.

Huawei has launched ‘LiteOS’ for the internet of things which weighs about 10 kilobytes. The OS is aiming to be installed in everything from wearable devices to cars. The OS is expected to be open to all developers so that they can create smart products since the former supports zero-configuration, auto-discovery, and auto-networking.

Key players

The prominent players in the market of IoT Operating Systems are - 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.), SYSGO AG (Germany), Microsoft Corporation (U.S.), Wind River  (U.S.), Silicon Labs (U.S.), Kaspersky Lab (Russia) and Canonical Ltd. (U.K).

Regional Analysis

The global market for IoT Operating Systems is estimated to grow at a significant rate during the forecast period from 2017 to 2023. The geographical analysis of IoT Operating Systems market is covered for the regions such as North America, Europe, Asia Pacific and rest of the world. But due to technological advancements in North America, it is expected to emerge as the leading region during the forecast period. Also, due to developed and well-established economies, the companies in the North American region are majorly investing in research and development activities.

Due to growth of the web, telecom, data centers, and internet of things in Asia Pacific region, the use of operating systems is expected to grow in IoT operating systems market. Since data security is a major criterion in IoT operating systems, the system providers are always working on solutions that will successfully monitor application performance, track loopholes in application code as well as reduce operational risks.