Iot Operating Systems Market To Reach USD 6.7 Billion By 2027 | CAGR 42.1% — Forencis Research

  • According to the new market research report “IoT Operating Systems Market by Source (Open, Closed), by Services (Professional, Managed), by End Users (Consumer Electronics, IT & Telecommunication, Manufacturing, Healthcare, Construction, Energy & Utility, Transportation & Logistics, Media & Entertainment, and Others), by Region (North America, Asia Pacific, Europe, Middle East and Africa, South America,) — Global Forecast (2019 to 2027)”, the global IoT operating systems market is estimated to reach USD 6.7 Billion by 2027 at a CAGR of around 42.1% during the review period.
  • Growing adoption of IoT devices, demand for energy efficient IoT devices, culture of bringing own devices by the employees are few key factors among others driving the demand for IoT operating systems.
  • However, security related concerns remains a major limiting factor for the growth of the IoT operating systems market.
  • Growing demand for efficient IoT devices is expected to drive the market of IoT operating systems as the operating systems are made for energy efficient output and enhances the portability of the IoT devices.
  • Bring Your Own Device (BYOD) culture is expected to drive the market as the organizations may require IoT friendly environment in their enterprise to favor BYOD trend.
  • Combining emerging technologies such as artificial intelligence (AI) and big data with IoT is expected to rise the market in near future as the using machine learning to its uttermost potential for IoT may result in Intelligent IoT (I-IoT) and the unstructured data collected by IoT devices can be used efficiently using big data analytics.
  • Concerns regarding data privacy and cyber-attacks is expected to hamper the growth of the market as the primary function of the operating systems is enabling data transferring through Internet, vulnerability to cyber-attacks increases due to absence of proper data security process.
  • Asia-Pacific
  • Europe
  • Apple Inc.:
  • Arm Limited:

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