Global Internet of Things (IoT) Operating Systems Market 2020-2027 - U.S. Market is Estimated at $246 Million, While China is Forecast to Grow at 34.9% CAGR
April 02, 2021 05:53 ET
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Global Internet of Things (IoT) Operating Systems Market to Reach $7.3 Billion by 2027
Amid the COVID-19 crisis, the global market for Internet of Things (IoT) Operating Systems estimated at US$ 814.3 Million in the year 2020, is projected to reach a revised size of US$ 7.3 Billion by 2027, growing at a CAGR of 36.9% over the period 2020-2027.
Large Enterprises, one of the segments analyzed in the report, is projected to record 36.2% CAGR and reach US$ 4.7 Billion by the end of the analysis period. After an early analysis of the business implications of the pandemic and its induced economic crisis, growth in the SMEs segment is readjusted to a revised 38.3% CAGR for the next 7-year period.