The Internet of Things (IoT) operating systems market is getting traction due to the emergence of technologies such as cloud computing and mobility. The growing trends of online data sharing and Bring Your Own Device (BYOD) and the need for data consistency are some of the other factors contributing to the growth of the IoT operating systems market. MarketsandMarkets forecasts the IoT operating systems market size to grow from USD 289.2 Million in 2017 to USD 1,721.3 Million by 2022, at a Compound Annual Growth Rate (CAGR) of 42.9% from 2017 to 2022.
There are several established players in this market such as Google Inc. (US), Apple Inc. (US), ESOL Co Ltd. (Japan), Blackberry Ltd. (Canada), Microsoft Corporation (US), Kaspersky Lab (Russia), Wind River (US), Canonical Ltd. (UK), SYSGO AG (Germany), Green Hill Software (US), Mentor Graphics Corporation (US), ENEA AB (Sweden), Wittenstein (Germany), and ARM Ltd. (UK). These leading players have adopted various strategies such as partnerships, collaborations, agreements, mergers and acquisitions, and new product developments to achieve growth in the global IoT operating systems market.
Mentor Graphics Corporation is one of the leading players in the IoT operating systems market. The company adopted both organic as well as inorganic strategies to enhance its presence in the market. It entered into various partnerships and strategic alliances with local as well as global players. For instance, in March 2017, Mentor Graphics Corporation was acquired by Siemens. This acquisition enabled Mentor Graphics Corporation to expand its software business by entering in the Integrated Circuit (IC) design and embedded software segments. In October 2016, the company announced the Nucleus Real-Time Operating System (RTOS) support for the 64-bit ARMv8-A architecture. It enabled device manufacturers to develop leading-edge products for markets including automotive, industrial, medical, aerospace, and networking.
ENEA AB is another major vendor in the IoT operating systems market. The company has a strong geographic presence, including North America, APAC, and Europe. The company focuses more on inorganic growth strategies to tap into the IoT operating systems market. For instance, in January 2016, the company partnered with Centered Logic LLC, an established vendor in the network management and service orchestration market. This partnership enabled Centered Logic LLC to develop network management solutions for physical as well as Software-Defined Networks (SDN) using ENEA network management solution. In June 2016, the company announced the latest version of its RTOS ENEA OSE. It enabled the commercial customers to utilize the full capability of modern 64-bit multicore processors, both in terms of computational intensive applications and use of large memory areas.
Internet of Things (IoT) Operating Systems Market by Component Type (Client Side, Server Side, and Professional Services), User Type (Large Enterprises and SMES), Application Area, and Region - Global Forecast to 2022
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