Internet of Things (IoT) operating system manages hardware and software resources of the devices connected through Internet of Things. The global IoT operating system market is anticipated to grow with a CAGR of 43% during the forecast period of 2016-2023. The advantages of IoT operating system includes easy allocation of memory, easy mapping of data and pages, efficient swapping etc. Emergence of cloud computing technology and mobility is contributing to the growth of global Internet of Things operating system market during the forecast period. However, lack of consistency among standards for interconnectivity & interoperability and IP violation of operating system are the factors restraining the growth of the global IoT operating system market during the forecast period.
Geographically, North America accounted for the largest market share in terms of revenue for the IoT operating system market in 2016. It is expected to dominate the market during the forecast period owing to increasing adoption of smart and intelligent connected devices. Moreover, Asia Pacific is expected to be the fastest growing region for IoT operating system market during the forecast period owing to technological advancements in IT.
The growth in global IoT operating system market is influenced by the presence of major players such as Google (U.S.), Apple (U.S.), Green Hills Software (U.S.), Sysgo AG (Germany), Microsoft (U.S.) etc. These major players adopt various strategies such as mergers & acquisitions, product launches to gain competitive advantage.
The global IPIN market is segmented into component, user and applications. Report further covers segments of component which includes client side, consulting service, deployment and integration service, maintenance and support, professional service and server side. Client side accounted for the largest market share in terms of revenue for the Internet of Things operating system market in 2016. Client side architecture provides consolidated view of the analyzed and processed data. This architecture allows the user to choose a particular service from the sensor. User segment of Internet of Things operating system is divided as large enterprise and small and medium enterprise. Moreover, the applications of Internet of Things operating system include capillary network management, industrial manufacturing and automation, smart building and home automation, smart healthcare, smart utilities and vehicle telematics. Smart building and home automation accounted for the largest market share in terms of revenue for the Internet of Things operating system market in 2016 owing to increased demand for monitoring and controlling information services, which is known as smart building automation system.