Internet of Things (IoT) Testing Market Revenues to Expand at a CAGR of 35.4 % by 2021

[127 Pages Report] Internet of things testing market categorizes the global IoT testing market by testing type as functional, performance, network, security, compatibility, and usability, by service type as professional and managed, by application type, and by region.

Northbrook, IL 60062, USA, 2019-Dec-18 —

Internet of Things (IoT) Testing Market Revenues to Expand at a CAGR of 35.4 % by 2021

The report “Internet of Things (IoT) Testing Market by Testing Type (Functional, Performance, Network, Security, Compatibility, and Usability), Service Type (Professional and Managed), Application Type, and Region – Global Forecast to 2021”, The IoT testing market size is estimated to grow from USD 302.9 Million in 2016 to USD 1,378.5 Million by 2021, at a Compound Annual Growth Rate (CAGR) of 35.4%.

The major forces driving the IoT testing market include the growing need for Internet Protocol (IP) testing of the increasing number of IoT devices and applications. Moreover, the need for shift left testing of IoT applications and the rising importance of DevOps are also some of the factors which are driving the market.

Key Market Players in Internet of Things (IoT) Testing Market

The IoT testing ecosystem comprises vendors providing IoT testing services and solutions to their commercial clients across globe. Companies such Cognizant (U.S.), Infosys (India), HCL Technologies (India), Capgemini (France), TCS (India), Happiest Minds Technologies (India), AFour Technologies (U.S.), SmartBear Software (U.S.), Rapid Value Solutions (U.S.), and Rapid7 (U.S.), and many others have adopted new partnerships, agreements, and collaborations as their key strategy to enhance their market reach. This strategy accounted for the largest share of the total strategies adopted by the market players.

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Network testing is the fastest growing testing type in the IoT testingmarket during the forecast period

Network testing in IoT verifies the working and behavior of IoT applications with heterogeneous network connections and ensures synchronization of application with all different networking protocols to ensure seamless connectivity across the IoT platform. The primary focus of network testing includes the test of uplink and downlink speed of a network and responsiveness of the network connecting IoT application.

Smart manufacturing application segment is expected to hold the largest market share in the IoT testing market during the forecast period

Smart manufacturing helps the manufacturers to access new and emerging forms of business intelligence. It utilizes all the components of tracking, addressing the complexities of security, interoperability, and intellectual property for manufacturing. IoT testing of smart manufacturing includes highly efficient and automated manufacturing tests, which chooses a wireless communications tester for sophisticated manufacturing devices to perform non-signaling tests on IoT devices. IoT testing in smart manufacturing supports functional, performance, and compatibility testing of smart devices deployed in the manufacturing processes and operations, in order to enhance the manufacturing efficiency and overall productivity.

North America is expected to contribute the largest market share in the IoT testing market during the forecast period

North America is expected to hold the largest market share and dominate the IoT testing market from 2016 to 2021. This region has the major dominance with sustainable and well-established economies, empowering them to strongly invest in the R&D activities, thereby contributing to the development of new technologies. The early adoption of trending technologies such as IoT, big data, DevOps, and mobility in this region has boosted the growth of overall IoT testing services market Organizations are also keen to integrate IoT technologies in their processes, to automate, test, and monitor operations and to boost their operational efficiency and productivity, which contributes to the growth of the IoT testing significantly.

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