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Internet of Things (IoT) Operating Systems Market Is Estimated to Grow at a CAGR of 42.9% by 2022


Princeton, NJ -- (SBWIRE) -- 06/13/2018 -- SUMMARY

The IoT operating systems market is estimated to grow at a CAGR of 42.9% and expected to grow from USD 289.2 Million in 2017 to USD 1,721.3 Million by 2022, owing to the increase in social networking sites, which has led to sharing of large amounts of personal and private data across multiple platforms. There is an increased need for solutions to make sure that the personal and private data of individuals is not falling into malicious hands. There is a risk that people can make tremendous misuse of personal data of individuals, such as photos, geolocations, web surfing history, and online purchase history. Furthermore, with the increase in social engagement, there is also an increased need for consistent data delivery in various functional departments to ensure cohesiveness and better communication among them.

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The IoT operating systems market is segmented on the basis of components, user types, application areas, and regions. The components are segmented into client side, server side, and professional services. Professional services hold the largest market size among the components of IoT operating systems, on account of the growing need for consulting, deployment and integration, and maintenance and support services. The user type segment is categorized into large enterprises and Small and Medium-Sized Enterprises (SMEs). The application area segment is categorized into smart building and home automation, industrial manufacturing and automation, capillary networks management, smart utilities, vehicle telematics, smart manufacturing, and smart healthcare.

The IoT ecosystem represents a wide range of technologies, ranging from sensor-powered microcontrollers to devices powered by processors; the equivalent cannot fulfill all at once the diverse requirements of such a wide range of devices. Hence, to avoid redundant developments and maintenance costs of IoT products, a novel, unifying type of operating systems is needed. An operating systems tuned for IoT devices needs to deliver scalability, portability, connectivity, security, usability, and multi-app execution. The IoT operating systems offers features, such as modularity, energy-efficient scheduler, hardware support, architecture, network stacks, reliability, interoperability, unified Applications Programming Interfaces (APIs), generic interfaces, and real-time capabilities. The availability of a variety of IoT operating systems, low-cost IoT devices, heterogeneous telecommunications technologies, and big data technologies and standardization is a key of success for the deployment of IoT. To fully exploit these technological advancements, there exists many issues related to applications, protocols, testing, interoperability, time-bounded big data processing and analysis, heterogeneous communication technologies, and platform support.

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North America is expected to hold the largest market share, with approximately 64% share in the IoT operating system market in 2017. The factors which are populating this growth include the increase in operating system adoption by various small and large organizations, and portable devices, and so, the need for more powerful and easy-to-use operating system has grown. With these developments, the IoT operating systems market in North America has gained a significant share. Manufacturing and automation companies in the region are incorporating IoT operating systems to boost their efficiency. Most of the use cases across the US have been expanding in the North American region to dominate the IoT operating system market. The countries in Asia Pacific (APAC) are working towards achieving the Industry 4.0 initiative, thereby integrating autonomous robots, big data and analytics, augmented reality, additive manufacturing, industrial IoT, horizontal and vertical system integration, simulation, cloud, and cyber security, along with increased investments by vendors in the APAC region in large scale infrastructure projects. The Chinese cities are looking to get technologically smart, as quickly as possible. A significant amount of China's provinces and municipalities have listed IoT as a pillar industry in their development plans to manage costs and increase the efficiency. The Middle East and Africa (MEA) IoT operating system market is becoming increasingly competitive, enabling organizations to source a range of innovative digital solutions aimed at transforming business operations, improving the customer experience, and enhancing employee engagement.

The lack of consistency among standards for interconnectivity, and interoperability and security threats are some of the restraining factors for the IoT operating systems market. Furthermore, the software licensing and Internet Protocol (IP) violation of operating systems are the major threats impeding the market growth. However, the recent developments, new product launches, and acquisitions of major market players in the IoT operating system arena are boosting the growth of the market. This study also measures and evaluates the major offerings and key strategies of major vendors, such as Google (US), Apple (US), Microsoft (US), Wind River Systems (US), ARM (UK), Kaspersky Labs (Russia), and Mentor Graphics Corporation (US), who have been at the forefront in offering innovative IoT operating system to their commercial clients across diverse locations.

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