IoT Operating Systems Market Overview, Scope and Technology Advancement Outlook

Posted by Fred Williams on April 8th, 2021

The global IoT operating systems market is projected to reach a value of ~US$ 20 Bn by 2030. 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. 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 witnessing noticeable growth, owing to the growing adoption of cloud computing in IoT operating system solutions globally. 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 cloud also offers solutions to implement IoT device service management and applications that can process the data produced. 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. Cloud computing is a model that was introduced by solution providers to provide IT services and business. The three levels of cloud computing (IaaS, PaaS, and SaaS) cover a huge range of services. 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 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.

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