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The market in Asia Pacific is estimated to expand at a growth rate (CAGR) of 42.3% during the forecast period, due to increasing adoption of cloud computing and growing demand for smart IoT devices in manufacturing and healthcare sectors. It is estimated to maintain its dominance during the forecast period. North America is estimated to dominate the global IoT operating systems market and account for 37.6% share by the end of 2020. In terms of region, the global IoT operating systems market has been segmented into North America, Europe, Asia Pacific, Middle East & Africa, and South America. IoT Operating Systems Market: Regional Outlook For instance, Amazon Web Services launched its own variant of the FreeRTOS, the Amazon FreeRTOS, which is particularly designed for immediate usability across various connected devices. Several companies have entered the IoT operating systems market and are increasingly investing resources in the development of advanced IoT operating systems. Demand for IoT operating systems from smart healthcare and smart manufacturing sectors are expected to rise during the forecast period.
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In terms of application, the market has been segmented into smart building, smart manufacturing/smart factories, smart utilities, connected logistics, smart retail, smart healthcare, digital signage, IoT wearable, and capillary networks management. Based on enterprise size, the market has been divided into small & medium enterprises, and large enterprises.
IOT OS MARKET SHARE PROFESSIONAL
In terms of component, the IoT operating systems market has been segmented into device type and professional services. The global IoT operating systems market has been segmented based on component, enterprise size, application, and region. IoT Operating Systems: Market Segmentation The impact analysis of increasing use of cloud computing with IoT devices is likely to boost the market for IoT operating systems over the next few years.
IOT OS MARKET SHARE SOFTWARE
Apart from service delivery and computing model of storage infrastructure, various models such as software application, operating system, data, and programming is also applicable to cloud computing. The three levels of cloud computing (IaaS, PaaS, and SaaS) cover a huge range of services. Hence, increasing use of cloud computing is expected to further lead to the growth of Internet of Things (IoT) devices and the IoT operating systems market.Ĭloud computing is a model that was introduced by solution providers to provide IT services and business. The cloud also offers solutions to implement IoT device service management and applications that can process the data produced. IoT can benefit M2M infrastructure with unlimited storage capabilities and resources of cloud to compensate its technological constraints such as processing, storage, and energy. The IoT operating systems market is witnessing noticeable growth, owing to the growing adoption of cloud computing in IoT operating system solutions globally. North America is anticipated to lead the global IoT operating systems market in terms of revenue, followed by Asia Pacific during the forecast period. The IoT operating systems market is projected to expand at a CAGR of ~ 38% from 2020 to 2030. The expansion of the IoT operating systems market can be attributed to the high demand for smart IoT solutions among healthcare, manufacturing, and other growing industries. The global IoT operating systems market is projected to reach a value of ~ US$ 20 Bn by 2030. IoT Operating Systems Market: Introduction