Research Nester released a report titled “IoT Operating Systems Market: Global Demand Analysis & Opportunity Outlook 2028” which delivers detailed overview of the global IoT operating system market in terms of market segmentation by organization size, by component, by services, by application, by vertical and by region.
Further, for the in-depth analysis, the report encompasses the industry growth drivers, restraints, supply and demand risk, market attractiveness, BPS analysis and Porter’s five force model.
Internet of Things (IoT) operating systems are a form of embedded operating systems that transfer data through the internet using IoT devices. The market for IoT operating system is projected to grow at a CAGR of around 32% over the forecast period, i.e., 2019-2027. The market is segmented by organization size, by component, by services, by application, by vertical and by region. Based on services, the market is segmented into professional services, consulting services, deployment & integration services and maintenance & support, out of which, the segment for professional services held the largest share with a market value of about USD 200 billion in 2019 and is estimated to continue to hold the largest share and grow at the highest rate over the forecast period.
The global IoT operating system market is segmented by region into North America, Latin America, Europe, Asia Pacific and Middle East and Africa. The market in North America is predicted to hold the largest share in the market and grow at the highest CAGR of around 35% over the forecast period. The IoT operating system market in Europe and Asia Pacific regions are predicted to follow the lead with significantly high growth of market values in the coming years.
Growing Preference of Portable Devices and Services with IoT to Drive the Market Growth
A major growth driving factor for the global IoT operating system market is the rising preference of portable devices and services that are connected with each other through the internet. Business operations become much easier as industries are increasingly adopting connected technology for interlinking various businesses. However, the lack of maintenance of proper industrial standards related to the internet of things operating systems is predicted to hamper the global IoT operating systems market over the forecast period.
This report also provides the existing competitive scenario of some of the key players of the global IoT operating system market which includes company profiling of ARM Limited, BlackBerry Limited, Canonical Ltd., Enea AB, Google LLC, Green Hills Software, Mentor Graphics, Microsoft Corporation, SYSGO, Wind River Systems and Huawei. The profiling enfolds key information of the companies which encompasses business overview, products and services, key financials and recent news and developments. On the whole, the report depicts detailed overview of the global IoT operating system market that will help industry consultants, equipment manufacturers, existing players searching for expansion opportunities, new players searching possibilities and other stakeholders to align their market centric strategies according to the ongoing and expected trends in the future.