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Vendors in IoT Operating Systems Market Benefit from Penetrating of IoT in Healthcare Sector, Market to Clock CAGR of ~38% from 2020 to 2030: TMR
ALBANY, N.Y. , Dec. 29, 2020 /PRNewswire/ -- The drive for real-time response that meet special characteristics of IoT is a key underpinning for the expansion of avenues in the IoT operating systems market. Though a wide range of operating systems and open-source database have gained traction in recent years, but the interest of IoT developers for Linux is remarkable. Interest of technology companies in unveiling variants of FreeRTOS is a case in point. The IoT operating systems market is witnessing the penetration of Linux in smart retail, smart logistics, smart healthcare, smart buildings, and smart manufacturing applications.
In the backdrop of the impacts caused by the Covid-19 pandemic, rise in adoption of IoT in healthcare industry has gathered momentum, concur0 analysts at TMR. This has made the end-use industry high value-grab avenue during the forecast period.
The global IoT operating systems stood at ~US$ 635 Mn in 2019. Clocking robust CAGR of ~38% from 2020 to 2030, the valuation is expected to climb to ~US$ 20 Bn by 2030-end.
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The drive for IoT operating system market largely pivots on the proliferating demand for IoT solutions in various industries. Some of the key trends and growth dynamics shaping the contours of the market are:
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On the regional front, North America is expected to lead the global market, and is expected to retain its lead throughout the forecast period. Remarkable progress made in IoT space has underpinned the rapid growth of the regional market. Asia Pacific is a rapidly emerging market, and its growth lies on the rising penetration of cloud-based solutions in various industrial domains. The regional market is expected to clock CAGR of 42.3% during the forecast period.
Some of the key players in the IoT operating systems market are Microsoft Corporation, Kaspersky Lab, Green Hills Software LLC, Google Inc., eSol Co., Ltd., Canonical Group Limited, Blackberry Limited, and Apple Inc.
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