The IoT operating system is also referred to as an embedded operating system. It is a vital part of the processor of a computing system including smartphones, laptops, servers, and other connected devices. Such a system is evaluated for specific functions and requirements of IoT applications and devices. Some of the IoT operating systems possess real-time processing capabilities. IoT-enabled applications and devices interconnect with other systems like cloud services and platforms. IoT operating system also efficiently manages the processing power and other resources required to share, transmit, and collect data.
The surging demand for IoT-enabled technologies like mobility, connected devices, and cloud computing fuel the growth of the global IoT operating systems market. Also, the surge in the trend for online data sharing, bring your own devices, and data consistency is another key factor complementing the growth. The surging adoption of IoT technologies by small-medium enterprises as they need high portability in the organization and also demand for robust internet connectivity will also drive the market expansion. However, the growth in multi-platform mobility owing to the advent of the latest mobile devices, advanced network technologies, and multiple heterogeneous platforms also fuel the adoption of IoT operating systems. Cloud computing facilitates huge data and application storage which improves the server processing capacity. Cloud computing also lowers the requirement for complex infrastructure and operational costs for all the organizations without any requirement to invest heavily in expensive hardware and support services.
The global IoT operating systems market can be segmented into industry verticals, organization sizes, applications, components, and regions.
By industry vertical, the market can be segmented into media & entertainment, consumer goods, retail, manufacturing, government & public sector, telecommunication & ITES, healthcare, life sciences, BFSI, and others.
By organization size, the market can be segmented into small-medium enterprises and large enterprises.
By application, the market can be segmented into the smart healthcare industry, manufacturing & automation, vehicle telematics, smart utilities, capillary network management, smart building & home automation.
By component, the market can be segmented into professional services, server-side, and client-side components.
North America accounts for the largest share in the global IoT operating systems market due to the rising number of organizations adopting cloud computing technology in the region. Furthermore, the presence of prominent market leaders in the region accentuates the growth of the regional market.
Asia Pacific is expected to witness significant growth in the forthcoming years due to the surging trend of bring your own devices in corporate culture in the region. Also, there is a spike in the adoption of multi-platform mobility, which in turn will also promulgate the growth of the regional market.
Some of the significant players in the global IoT operating systems market are Canonical Ltd, Kaspersky Lab, Wind River, Microsoft Corporation, SYSGO AG, Green Hills Software, Mentor Graphics Corporation, ENEA AB, ARM Ltd, BlackBerry Limited, ESOL Co. Ltd, Apple Inc., and Google Inc. To cite, Green Hills Software in December 2016 collaborated with a US-based product manufacturer named Curtiss-Wright Corporation. This partnership was intended to help Curtiss-Wright Corporation to facilitate complete embedded software and hardware solutions for developers who work on the Green Hills INTEGRITY RTOS development tool suite.