Vendors in IoT Operating Systems Market Benefit from Penetrating of IoT in Healthcare Sector, Market to Clock CAGR of ~38% from 2020 to 2030: TMR
ALBANY, N.Y., Dec. 29, 2020 /PRNewswire/ -- The drive for real-time response that meet special characteristics of IoT is a key underpinning for the expansion of avenues in the IoT operating systems market. Though a wide range of operating systems and open-source database have gained traction in recent years, but the interest of IoT developers for Linux is remarkable. Interest of technology companies in unveiling variants of FreeRTOS is a case in point. The IoT operating systems market is witnessing the penetration of Linux in smart retail, smart logistics, smart healthcare, smart buildings, and smart manufacturing applications.
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In the backdrop of the impacts caused by the Covid-19 pandemic, rise in adoption of IoT in healthcare industry has gathered momentum, concur0 analysts at TMR. This has made the end-use industry high value-grab avenue during the forecast period.
The global IoT operating systems stood at ~US$ 635 Mn in 2019. Clocking robust CAGR of ~38% from 2020 to 2030, the valuation is expected to climb to ~US$ 20 Bn by 2030-end.
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Key Findings of IoT Operating Systems Market Report
-- Of the various component types, device held the major revenue share in
2019
-- Professional services segment expected to rise at the leading CAGR
during 2020 - 2030
-- The support and maintenance segment is projected to garner a high CAGR
during the assessment period
-- Of all the application segments, smart healthcare segment is expected to
clock the dominant CAGR during 2020 - 2030
-- Of the different enterprise type, large-scale contributed the major
revenue share in the global IoT operating systems market in 2019
-- Regionally, North America held the major share in 2019 representing
37.6% by 2020-end
Analyze global IoT operating system market growth in 30+ countries including US, Canada, Germany, United Kingdom, France, Italy, Russia, Poland, Benelux, Nordic, China, Japan, India, and South Korea. Request a sample of the study
IoT Operating Systems Market: Key Driving Factors and Promising Avenues
The drive for IoT operating system market largely pivots on the proliferating demand for IoT solutions in various industries. Some of the key trends and growth dynamics shaping the contours of the market are:
-- Remarkable strides in the IoT space for smart applications in numerous
industries are expanding the business propositions in the IoT operating
systems.
-- The advent of open-source databases has raised the ante for prominent
technology companies looking for consolidating their position in the
market.
-- Rise in healthcare IoT applications has raised the horizon for market
participants over the past few years.
-- In recent months, the changing demands for healthcare services in the
wake of Covid-19 have also booted the prospects in the IoT operating
systems market.
-- Growing number of connected platforms in telehealth consultations, robot
assistance, digital diagnostics, and remote patient monitoring spur the
growth of the market.
-- Growing adoption of connected health devices that are becoming a crucial
part of patient-centered care is bolstering creating of new prospects.
-- Rising investments in smart cities on smart sensors and biochips is
boosting the IoT operating systems market.
-- The growing popularity of Linux-based IoT operating systems has been
expanding the avenue of capitalization for technology companies in the
IoT operating systems market.
-- Growing adoption of cloud computing solutions in the manufacturing
sector is spurring the opportunities in the market.
-- The growing use of smart objects is bolstering the expansion in the IoT
operating systems market.
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IoT Operating Systems Market: Regional Landscape
On the regional front, North America is expected to lead the global market, and is expected to retain its lead throughout the forecast period. Remarkable progress made in IoT space has underpinned the rapid growth of the regional market. Asia Pacific is a rapidly emerging market, and its growth lies on the rising penetration of cloud-based solutions in various industrial domains. The regional market is expected to clock CAGR of 42.3% during the forecast period.
Key Participants in IoT Operating Systems Market
Some of the key players in the IoT operating systems market are Microsoft Corporation, Kaspersky Lab, Green Hills Software LLC, Google Inc., eSol Co., Ltd., Canonical Group Limited, Blackberry Limited, and Apple Inc.
Explore 307 pages of top-notch research, incisive insights, and detailed country-level projections on IoT Operating Systems Market (Component: Device Type [Server Side and Client {Service} Side] and Professional Services [Consulting, Implementation & Integration, and Support & Maintenance]; Enterprise Size: Small & Medium Enterprises and Large Enterprises; Application: Smart Building [Residential and Commercial], Smart Manufacturing/Smart Factories, Smart Utilities, Connected Logistics, Smart Retail, Smart Healthcare, Digital Signage, IoT Wearable, and Capillary Networks Management) - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast, 2020 - 2030 at https://www.transparencymarketresearch.com/iot-operating-systems-market.html
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