Size of the IoT operating systems market worth $1900 million, globally, by 2028 at 24% CAGR: Verified Market Research®
The IoT Operating System market is majorly driven by aspects such as extracting insights for decision-making through real-time analysis of key business operations including sales, manufacturing and distribution.
JERSEY CITY, NJ, April 26, 2022 Verified Market Research recently published a report, “IoT Operating System MarketBy software solution (security solution, data management), by platform (application management, network management), by application (building and home automation, smart energy and utilities) and by geography. According to market research verified, the Global IoT Operating Systems market size has been valued at $400 million in 2020 and is expected to reach 1900 million dollars by 2028, growing at a CAGR of 24% from 2021 to 2028.
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202 – Pages
126 – Tables
37 – Numbers
Global IoT Operating System Market Overview
The Internet of Things (IoT) operating system is a form of embedded operating system that transfers data over the Internet using IoT devices. Data and information is collected and exchanged using smart devices consisting of electronic devices, sensors and software. IoT operating systems tend to improve work efficiency and quality with reduced human interference and lower operating costs. The need for wireless network technologies is the macroeconomic indicator, which can lead to a large increase in market growth.
With the Internet of Things (IoT) developed by market players and increasingly connected through wireless connections, a Wireless Personal Area Network (WPAN) is being created to enable multi-vendor interoperations. Wireless networks address the unique requirements of small vertical markets and various niche applications to deliver the benefits of interoperability through standardization. Each standard criteria of a wireless network consists of specific characteristics arranged and optimized to serve specific IoT applications.
The dawn of cloud data management in large-scale IoT applications will accelerate market growth. Thanks to cloud computing, individual organizations no longer need to organize extensive hardware, build management networks, and develop workflows in the IoT. The benefits offered by cloud services are lifecycle management, where Cloud introduced IoT remote device lifecycle management and plays a crucial role in enabling a 360 degree view of device infrastructure data . Enterprises can move applications through cloud and node to support claims.
Constraints are shortage of interoperability issues, lack of qualified expertise, cybersecurity risks resulting in confidential data that can be hacked. The main challenges encountered are network bandwidth and data migration issues from legal systems. The COVID-19 pandemic drives the overall improvement of digitalization, automation, IoT and artificial intelligence in the automotive industry in the post-COVID era to improve flexibility in the face of future pandemics .
- On September 2020, At Intel Industrial Summit 2020, Intel introduced IoT Enhanced Processors, 11th Gen Intel Core processors. The processor is specifically enhanced for mission-critical Internet of Things applications that require high-speed processing, computer vision, and low-latency deterministic computing.
- On May 2019SAP announced a collaboration between Amazon Web Services (AWS) and the SAP Leonardo Internet of Things (IoT) portfolio regarding the general availability of cloud-to-cloud interoperability
The major market players are AMD, Microsoft Corporation, Advantech, Altera Corp, Amperex Technology, ARM, Atmel, Contiki, Cypress, Blackberry, Google, Samsung Electronics, Huawei Technologies, Intel Corporation, SAP SE, Cisco Systems, Inc., Oracle Corporation, International Business Machine (IBM) Corporation, PTC Inc., Hewlett Packard Enterprise, and Amazon Web Services, Inc.
Verified Market Research has segmented the global IoT operating system market on the basis of software solution, platform, application, and geography.
- IoT Operating System Market, By Software Solution
- Real-time flow analysis
- Security solutions
- Data management
- Remote Surveillance system
- Network Bandwidth Management
- IoT Operating System Market, By Platform
- Application Management
- Network Management
- Device management
- IoT Operating System Market, By Application
- Building and home automation
- Smart Energy and Utilities
- Intelligent manufacturing
- smart retail
- Connected logistics
- IoT Operating System Market, By Geography
- North America
- Rest of Europe
- Asia Pacific
- Rest of Asia Pacific
- Middle East & Africa
- Latin America
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Top 5 Iot Services Helping Improve Business Operational Efficiency
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