IoT Operating System Market Size, Share, Growth & Trend 2031

Report Description

IoT Operating Systems Market Outlook 2031

The global IoT operating systems market size was valued at USD 789.68 Million in 2022 and is likely to reach USD 16955.83 Million by 2031, expanding at a CAGR of 40.6% during the forecast period, 2023–2031. The market growth is attributed to the growing use of advanced mobile devices and the rapid expansion of smart factories across the globe.

IoT (Internet of Things) is an operating system of physical devices that are embedded with numerous technologies, sensors, and software for the purpose of interconnecting various devices and for exchanging digital data with other devices or systems over the internet. It has an ability that is suitable for any environment, which enhanced the operation and automation through smart devices.

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The Internet of Things is widely used in industries for the data collection, analysis, and monitoring of electronic records that contain personally identifiable information and machine-generated data. IoT is considered an efficient tool of operation management as it improves the productivity of staff and reduced the labor charge or human power.

It helps in managing the business by easily connecting to the digital world to drive quick time to value, which enhanced the productivity and efficiency of business operations.

COVID-19 Impact on IoT Operating Systems Market

The market report finds that the COVID-19 pandemic impacted moderately on the global IoT operating systems market share. The COVID-19 pandemic slowed down the revenue generation of the global market owing to the sudden disruption in the IoT verticals, such as manufacturing, consumer goods, consumer electronics, retail, and automotive & transportation.

Many industries have to temporarily shut down their manufacturing units due to preventive measures imposed by the government such as emergency lockdowns and other restrictions & limitations, which hampered the growth of the global market at a certain limit. There was a slight increase due to the growing demand for IoT-enabled devices from the medical and healthcare industries.

Rising adoption of work-from-home during the pandemic increased the use of smart devices. The significant growth is attributed to the rising adoption of remote monitoring technology and software management tool across various industries expected to fuel the global market growth during the forecast period.

IoT Operating Systems Market Dynamics

The research report provides a complete overview by providing detailed information and by focusing on growth and historic data to determine the key market trends, major drivers, existing restraints, growing opportunities and potentials, and emerging challenges.

The global IoT operating system market report has up-to-date insights about the market scenarios that can help in shaping the overall performance and output of the market during the forecast period, 2023 to 2031.

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Drivers

Growing use of Smart Devices along with Online Data Sharing

Growing use of various smart devices at a rapid pace is a key factor driving the growth of the global IoT operating systems industry. Cost-effectiveness and ease of use of smart devices encouraged consumers to adopt innovative solutions technology. Mobile-operated devices have made life easier. These devices can easily be controlled with a single touch on mobile phones, which makes connectivity and enables easy and faster online data sharing. The growing adoption of bringing your own device drive the global market growth in the coming years.

Wide Adoption of Cloud Computing Technologies

Increasing adoption of cloud-based data recovery systems across the globe is another major factor driving the global market during the assessment period. Cloud computing technology offers access to storage, software, files, and servers through internet-connected devices. Growing digitization and the increasing IT industry at a rapid pace demand for cloud-based service as it increases the flexibility of an individual or organization.

Increasing Demand from the Healthcare and Manufacturing Sector

Increasing demand from the manufacturing and healthcare sector is anticipated to fuel the global market growth during the projected period. Cost efficiency and ease of use encouraged doctors and patients to adopt IoT-enabled devices as it helps to keep track on the patient and helps to assist patients and healthcare organizations to manage the work effectively.

It automates the operation in manufacturing industries and optimizes efficiency. Thus, growing automated operating systems market trends boosts the global operating system for internet of things market growth during the forecast period.

Restraints

Vulnerability to Cyber Threats

Growing vulnerability to cyber threats hinders the growth of the global IoT operating systems market share at a certain limit. IoT-enabled devices allow sharing of data without any restrictions. So, it would be risky for users as it puts at risk of hacking due to providing detailed and accurate information regarding location. Thus, the risk of data theft is the major factor anticipated to hamper the growth of the global market during the projected period.

Lack of Awareness Regarding the Benefits of IoT

The lack of awareness regarding the proper use of the IoT and its benefits among consumers, especially in rural areas of emerging regions hinders the growth of the global market. The advanced software of IoT needs proper education and guidance to operate, which hamper the overall revenue growth of the global IoT operating systems industry in the coming years.

Privacy and Security Concerns

Privacy and security concerns hinder the growth of the global market owing to practices including unauthorized access and data hacking. Furthermore, the lack of standard communication protocols and the limited ability of IoT applications for accessing information restraints the global market growth at a certain limit in the coming years.

Opportunities

New Application Areas of IoT Technology

Rising prevalence of consumer electronics and the continuously growing invention of electronic devices, such as smartphones and laptops are the major factors creating the lucrative growth opportunity for the market players.

Rising advancement in new application areas of IoT technology gained attention in automotive, aerospace & military, and other industries is anticipated to fuel the growth of the global IoT operating systems industry in the coming years.

Growth in Investment for Research and Development

Growing investment in research and developing advanced technologies is a key factor expected to fuel the global market growth in the coming years. Market players are focusing on new advanced technologies to reduce costs. Furthermore, growing internet penetration activities, particularly in developing economies due to rising urbanization and globalization are expected to create immense growth opportunities during the forecast period.

Scope of IoT Operating Systems Market Report

The global IoT operating systems market research report includes an assessment of the market trends, market segments, and regional markets. Overview and dynamics have also been included in the report.

IoT Operating Systems Market Segment Insights

Components Segment Analysis

Based on components, the global IoT operating systems market analysis is divided into client side, professional service, and server side. The client side segment is expected to expand at a significant growth rate during the projected period due to its ability to discover services provided by servers. It is designed to provide a consolidated view of analyzed and processed data. It offers web-based front-end interfaces that interact with devices and systems of outside networks.

The server-side segment is anticipated to hold a key share of the market in the coming years as it speeds up page loading time in case of poor internet connection, which improves the site speed. Rising demand for better accessibility leads contributes to segment growth.

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Platforms Segment Analysis

On the basis of platforms, the global IoT operating systems market is segregated into application management, device management, and network management. The device management segment is projected to register a considerable CAGR during the forecast period as it allows to operate the IoT-enabled devices. It provides device-centric reports with the help of administrative tools, which improves the productivity of end users. Increasing requirement for IoT device management accelerates the growth of the market.

The network management segment is anticipated to account for a major market share in the coming years due to rising demand for visibility into the network. It ensures network resources are made available to the consumers. It helps to maintain and monitor network configurations.

Software Solutions Segment Analysis

Based on software solutions, the global IoT operating systems market analysis is segmented into real-time streaming analytics, security solutions, data management, remote monitoring systems, and network bandwidth management. The security solutions segment accounted for a major share of the market in 2021 and is expected to hold a large share of the market in the coming years due to rising privacy and security concerns among end-users.

The security solutions software consists of policy management security, content gateways, data centers, and network. It offers security throughout the network during the cyber-attack and avoids data theft. The rapid expansion of IT & telecommunication industries across the globe demands for security software solutions, which leads to fuels the growth of the global market during the assessment period.

The real-time streaming analytics segment is estimated to grow at a rapid pace in the coming years due to the growing demand for accurate measurement and time-based technologies. It enables to analyze the real-time and live data Through IoT devices. It allows for making quick decisions on the fly, which enhanced performance and operational efficiency.

Operating System Segment Analysis

On the basis of the operating system, the global IoT operating systems market is categorized into Windows 10 IoT OS, WindRiver VxWorks IoT OS, Embedded Apple IOS and OSX, Nucleus RTOS, Green Hills Integrity IoT OS, Linux OS, Tiny OS, Contiki OS, Google Brillo OS, Mbed OS, and others. The Windows 10 IoT OS segment is anticipated to grow at a significant growth rate during the forecast period as it is used to secure devices and protect against malicious activities. It is suitable for all devices that run desktop apps. Thus, the growing concern of IoT security demands for Windows 10 IoT OS.

The Linux OS segment is projected to contribute to the segment’s growth during the projected period as it offers a top-notch interface and built-in security. It is an open source operating system, which is easily available to everyone. It is easy to operate that manages a system’s hardware and resources, such as memory, storage, and CPU.

Organization Size Segment Analysis

Based on organization size, the global market is bifurcated into small to medium organizations and large organizations. The large organization segment held a key share of the market in 2021 and is attributed to generating more revenue share in the coming years as it is considered an early user of the operating system for internet of things.

IoT operating systems help large organizations to collect and process large amounts of data. Growing industrialization across the globe accelerates the growth of the global market. Furthermore, rising small-scale industries are expected to fuel the global IoT operating systems market during the forecast period.

Application Segment Analysis

On the basis of application, the global IoT operating systems market analysis is fragmented into industrial manufacturing & automation, smart healthcare, vehicle telematics, building & home automation, agriculture & smart farming, smart utilities, digital signage, IoT wearables, capillary networks management, and others.

The building & home automation segment hold a major revenue share of the market in 2021 and is expected to grow at a CAGR of around 44.85% during the projected period. IoT optimizes resource efficiency and reduced operation cost. Growing urbanization leads to the rising of the smart building at a rapid pace. Thus, increasing demand for building automation accelerates to drive the global market growth.

The smart healthcare segment is anticipated to fuel the global market growth during the assessment period. IoT-enabled devices optimized nursing activity in hospitals and enhanced the internal communication between physicians and a patient. It enables healthcare providers to take care of patients beyond clinics. Rising demand for automated medical appliances boosts the growth of the global market.

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Industry Segmentation Analysis

Based on industry, the global IoT operating systems market is classified into manufacturing, BFSI, government & public sector, consumer goods & retail, telecommunication & ITES, media & entertainment, healthcare & life science, consumer electronics, automotive & transportation, e-commerce, aerospace & military, and others.

The manufacturing segment accounted for a major share of the market in 2021 and is attributed to hold a key share of the market in the coming years. Manufacturing industries are considered a high adopters of automation systems as it enhanced productivity and reduce operational time and cost throughout production. Growing industrialization results in rising the manufacturing industries, which demand for advanced IoT technology for automation.

The healthcare & life science segment is anticipated to contribute to the segment growth during the forecast period due to the wide use of IoT-enabled devices in medical appliances with different frequencies. It enhanced the accuracy of measuring devices. Increasing demand for advanced medical appliances from the consumers and healthcare sector leads to fuel the global market growth.

Regional Analysis

In terms of regions, the global operating system for internet of things market is classified as Asia Pacific, North America, Latin America, Europe, and Middle East & Africa.

Asia Pacific constituted a large market share and is anticipated to dominate the market during the projected period owing to the large presence of manufacturing industries. Furthermore, increasing government initiatives toward digitization and developing new technologies fuels regional market growth.

On the other hand, North America is expected to drive global market growth due to strong investment in research and development activities. Rising technological advancements and the growing adoption of IoT-based devices in various sectors further expand the regional market growth in the coming years.

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