Global Internet of Things (IoT) Operating Systems Market to Reach $39.7 Billion by 2030
The global market for Internet of Things (IoT) Operating Systems estimated at US$4.6 Billion in the year 2023, is expected to reach US$39.7 Billion by 2030, growing at a CAGR of 36.1% over the period 2023-2030. IoT Operating Systems for Large Enterprises, one of the segments analyzed in the report, is expected to record 35.3% CAGR and reach US$24.9 Billion by the end of the analysis period. Growth in the IoT Operating Systems for SMEs segment is estimated at 37.5% CAGR for the next 7-year period.
The U.S. Market is Estimated at $1.5 Billion, While China is Forecast to Grow at 33.7% CAGR
The Internet of Things (IoT) Operating Systems market in the U.S. is estimated at US$1.5 Billion in the year 2023. China, the world`s second largest economy, is forecast to reach a projected market size of US$6 Billion by the year 2030 trailing a CAGR of 33.7% over the analysis period 2023 to 2030. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 32.2% and 30.1% respectively over the 2023-2030 period. Within Europe, Germany is forecast to grow at approximately 24% CAGR.
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