Tue, 15 December 2020 1:33
The Global Internet of Things Operating System Market is witnessing a surge due to the growing popularity of Cloud Computing and Mobility to manage the large amount of data created by the IoT applications. Besides the garnering Bring Your Own Device (BYOB) trend along with the surge in the utilization of smart wearables has bolstered the growth of the market. Additionally, the increasing IoT adoption in SMEs due to digitalization and favoring government policies have propelled the growth of the market. However, rising security and privacy concerns have restrained the growth of the market.
- The global Internet of Things Operating System Market is expected to grow from USD 273 million in the year 2019 to USD 8781 million in 2029 at a compound annual growth rate (CAGR) of 37% in the forecast period.
- The implications of COVID-19 such as lockdown and social distancing have risen the use of differential advanced digital services thereby propelling the growth of the market for a while.
- North America dominates the market owing to the strong IoT presence, technical expertise, internet connectivity, and infrastructural developments
- The Asia Pacific region holds a significant share in the market owing to the presence of the largest manufacturing economies and massive IoT spending in telematics and supply chain visibility applications
- The Large Enterprises segment caters to the highest markets share among the different user type of the Market
- The Industrial Manufacturing & Automation segment caters to the highest markets share among the different application in the Market
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- Google LLC
- Apache Mynewt
- Huawei LiteOS
Internet of Things Operating System Market: Segmentation
By User Type
- Smart Building
- Smart Utilities
- Smart Healthcare
- Industrial Manufacturing & Automation
- Vehicle Telematics
- The U.K
- The Rest of Europe
The Middle East and Africa (MEA)
- Saudi Arabia
- South Africa
- The Rest of MEA
- South Korea
- The Rest of Asia-Pacific
- The Rest of South America
" Crucial Insights The Report Provides:"
* Known and Unknown Adjacencies Influencing the Growth of Market
* Explorable Revenue Sources
* Customer Behaviour Analysis
* Target Partners
* Customized Geographical Data Based on Customers as well as Competitors
* Analysis of Market Size and CAGR between the Forecast Periods
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