Market Overview:

The IoT Operating Systems market industry is projected to grow from USD 0.6 Billion in 2023 to USD 3.3 Billion by 2032, exhibiting a compound annual growth rate (CAGR) of 23.35% during the forecast period (2023 - 2032). 

The IOT technology is the keystone for the various organizations to digitally transform and hence empowering them to upgrade the existing processes by creating and tracking the new business models. The enterprises and the service providers have been looking forward to the IOT as the major enabler to expect digital transformation and unlock operational efficiencies. The increasing adoption of the IOT technology across the end-user industries like manufacturing, automotive, and healthcare sectors is driving the market's major growth. As per the traditional manufacturing sector and digital transformation, the IOT Operating Systems Market is driving the next industrial revolution of intelligent connectivity. Such things have changed the way the industrial approach increases the complex processes of the systems and machines, improving efficiency and reducing downtime. 

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Key Players:

Key Companies in the IoT Operating Systems market include,

• Google Inc. (U.S.)
• Apple Inc (U.S.)
• ESOL Co. Ltd. (Japan)
• BlackBerry Limited (Canada)
• ARM Ltd. (U.K.)
• Wittenstein (Germany)

The massive shifts in the manufacturing and industrial facilities and the acceptance of the IOT require the enterprises to adopt the agile, innovative ways and smarter to advance the production with the technologies which complement an expectation of the human labor with the robotics and the reduction of the accidents caused by the failure of the process. The higher rate of the adoption of the connected devices and the sensors and the enabling of the M2M communication has been a surge in the data points generated in the manufacturing industry. But the entire global market and the major industrial sectors have been facing a huge challenge due to the outbreak of the global epidemic. During the lockdown, the lack of raw materials and the stoppage of international business and trade activities have directly impacted the production and manufacturing industries.

Market Segmentation:

The global IOT Operating Systems Market has been segmented into application, end-users, and regional basis. The application section divides the market into seven categories: vehicle telematics, market building and home automation, smart healthcare, digital signage, smart factories, IOT wearable, and others. The end-user segment is further classified into six categories: consumer electronics, information technology, transportation & logistics, manufacturing, industrial automation, and others. With the regional segment, the global IOT Operating Systems Market has been divided into five sections Asia-pacific, Europe, North America, South America and Middle East & Africa. 

Regional Analysis:

North America is expected to be the major IOT Operating Systems Market sector due to the growing demand for the IOT along with the significant revenue that generates the end-user industries of the region, which are driven by the deployment of the connected cars, smart energy projects, home automation and focus on smart manufacturing. Besides this, the rapid growth of digitalization within the industrial sectors and the advanced high-tech facilities have further driven the growth of the IOT in such regions. The new emerging technology is expected to emerge out of the existing technologies transforming manufacturing in the United States. It is also expected to include the convergence of artificial intelligence and the IOT. At present, the utility industries in the United States face complex pressure. The fast and secure 5th generation connectivity might be expected to facilitate the automated assembly, automated warehouses, connected logistics, packing and product handling, and even autonomous carts.

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IoT Operating Systems Industry Developments:

January: Google releases the first preview of Fuchsia OS, a new open-source operating system designed for the Internet of Things.

February: Microsoft announces that it will be adding support for Azure Sphere to its IoT platform. Azure Sphere is a security-focused operating system designed for IoT devices.

March: Amazon releases the second generation of its AWS IoT Core service, which provides a cloud-based platform for managing and securing IoT devices.

April: Arm announces the release of its new Cortex-M33 processor, which is designed for high-performance IoT applications.

May: Intel releases the first version of its new IoTivity software development kit, which provides a unified platform for developing IoT applications.

June: Wind River releases the latest version of its Linux-based operating system for IoT devices, VxWorks 7.0.

July: Canonical releases the latest version of its Ubuntu Core operating system for IoT devices, Ubuntu Core 20.04.

August: Google announces that it will be discontinuing its Android Things operating system for IoT devices.

September: Microsoft releases the first version of its new Windows 11 IoT Enterprise operating system.

October: AWS announces the general availability of its new AWS IoT Greengrass service, which provides a way to run AWS services on edge devices.

November: Arm announces the release of its new Cortex-M35P processor, which is designed for ultra-low-power IoT applications.

December: Intel releases the first version of its new IoT Reference Design, which provides a hardware and software platform for developing IoT applications.

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