Global Internet Of Things (IoT) Operating Systems Market Research Report 2023-Competitive Analysis, Status and Outlook by Type, Downstream Industry, and Geography, Forecast to 2029

Global Internet Of Things (IoT) Operating Systems Market Research Report 2023-Competitive Analysis, Status and Outlook by Type, Downstream Industry, and Geography, Forecast to 2029

IoT (Internet of Things) refers to the ability to exchange information effectively with minimal resource utilization and also with low power utilization amongst different appliances through a specific network. Regular operating systems are unable to connect with IoT applications because they require large resources. Internet of Things (IoT) operating system is a form of an embedded operating system that captures information from a device or object with the help of sensors, software, and other technologies that connects and delivers data with other devices or objects through the internet. IoT systems have applications in various industries through their unique flexibility and ability that are suitable in any environment and enhance data collection, automation, operations through smart devices, and powerful enabling technology. The IoT’s key features are using Artificial Intelligence, Connectivity, Active Engagement, and Small Devices. The IoT operating systems can deal with the diverse requirements of heterogeneous hardware platforms and application scenarios and provide an adaptive Internet Protocol (IP) network stack and a standard developer-friendly application programming interface (API).

Market Overview:

The latest research study on the global Internet Of Things (IoT) Operating Systems market finds that the global Internet Of Things (IoT) Operating Systems market reached a value of USD 1622.1 million in 2022. It’s expected that the market will achieve USD 5809.43 million by 2028, exhibiting a CAGR of 23.69% during the forecast period.

Covid-19 epidemic affects the industrial chain

The Covid-19 epidemic undoubtedly posed a challenge for services & advanced materials resulting in unstable markets, dwindling customer confidence, and disruptions in import and export operations. Countries faced a huge decline in the production and supply chain. The Covid-19 outbreak hit the global internet of things (IOT) operating system market leaving a trail of destruction in its awake. The pandemic has already had an impact on how we work and live. Almost every sector was expected to be impacted by the epidemic it is directly affecting production and demand, creating supply chain and market disruption, and financial impact on firms and financial markets. Numerous of these modifications are having an extended impact. Businesses across all industries are adjusting to these new realities including the services industry-adopt new technology and methods of operation. t is now more difficult to deliver services, and enrollment in research and clinical trials has decreased significantly. In addition, production instability and supply chain disruptions have an impact on the expansion of the internet of things (IoT) operating system market.

Increasing popularity and developments in cloud computing and mobility technologies

Increasing popularity and developments in cloud computing and mobility technologies and increasing online data sharing are some key factors driving the global IoT operating system market and are expected to propel the market in the forecast years. Cloud computing offers a large storage volume, application, and data, which enhances the server processing capacity. Hence, it reduces the operational cost and infrastructural complexity for the enterprises, without investing heavily in support services and expensive hardware. With the increasing rate of portable device adoption, the demand for cloud computing and Bring Your Own Device (BYOD) is growing. The new generation of smartphones, tablets, wearable devices, and other portable devices is much lighter and versatile and uses computing platforms, such as Android and iOS. Mobility is driven by cloud computing technologies, making mobile devices a vital business platform. To meet the need for agility, analytics, security, and data privacy for users, both cloud computing and mobile devices are mutually linked. Cloud computing provides a platform for users to easily develop apps and data storage, and it has also enhanced the use of mobile devices. Furthermore, cloud computing is also managing the user’s mobility requirement by enabling data access using connected devices and computers running on any operating system.

IoT-OSs are bound by IoT devices constraints

The Internet of Things Operating Systems has been designed to run the IoT devices to carry out their functions and send data through the Internet. Nevertheless, IoT-OSs are bound by IoT devices constraints such as power, memory constraint, and processing capacity. Devices based on the Internet of Things are usually running continuously, so power consumption should be very low. This constraint will affect the choice of hardware and software and operating systems, and even the application algorithm.

Shortage of interoperability issues

The shortage of interoperability issues limits the IoT operating systems market growth. The lack of interoperability prevents devices from connecting autonomously, discovering each other, and collaboratively engaging with other smart devices and services, which is a barrier for companies to build automated IoT ecosystems. The interoperability challenge can manifest itself in a number of ways: devices made by different manufacturers cannot integrate, limited connectivity between different transport protocols such as Ethernet, WIFI, and Zigbee, no set rules or standards at the application level, causing an inability to combine and complement the collected data from different sensors and devices.

Region Overview:

North America dominated the Internet Of Things (IoT) Operating Systems market in 2022, with a market share of 38.54%.

Company Overview:

Microsoft is one of the major players operating in the Internet Of Things (IoT) Operating Systems market, holding a share of 37.48% in 2022.

Microsoft

Microsoft is a multinational computer technology company in the United States. Founded in 1975 by Bill Gates and Paul Allen, Microsoft is mainly engaged in R&D, manufacturing, licensing and providing a wide range of computer software services.

Wind River

Wind River is a global leader in delivering software for the intelligent edge. This edge-to-cloud software portfolio spans the aerospace and defense, telecommunications, industrial and automotive markets and is anchored by Wind River Studio, a highly versatile, comprehensive cloud-native intelligent systems software platform that enables full product lifecycle management for edge-to-cloud use cases.

Segmentation Overview:

By type, Large Enterprises segment accounted for the largest share of market in 2022.

Application Overview:

The market's largest segment by application is the segment Smart Building & Home Automation, with a market share of 32.71% in 2022.

Key Companies in the global Internet Of Things (IoT) Operating Systems market covered in Chapter 3:

Blackberry
Microsoft
Canonical
Alibaba
ARM
Esol
Wind River
Kaspersky Lab
SYSGO GmbH
Siemens
Green Hills Software
Enea

In Chapter 4 and Chapter 14.2, on the basis of types, the Internet Of Things (IoT) Operating Systems market from 2018 to 2029 is primarily split into:

Small And Medium-Sized Enterprises
Large Enterprises

In Chapter 5 and Chapter 14.3, on the basis of Downstream Industry, the Internet Of Things (IoT) Operating Systems market from 2018 to 2029 covers:

Industrial Manufacturing and Automation
Smart Building & Home Automation
Intelligent Public Utilities
Automotive Industry
Intelligent Medical
Others

Geographically, the detailed analysis of consumption, revenue, market share and growth rate, historic and forecast (2018-2029) of the following regions are covered in Chapter 8 to Chapter 14:

North America (United States, Canada)
Europe (Germany, UK, France, Italy, Spain, Russia, Netherlands, Turkey, Switzerland, Sweden)
Asia Pacific (China, Japan, South Korea, Australia, India, Indonesia, Philippines, Malaysia)
Latin America (Brazil, Mexico, Argentina)
Middle East & Africa (Saudi Arabia, UAE, Egypt, South Africa)