IoT Testing Market to Witness A Phenomenal Growth | Infosys Ltd., HCL Technologies, Tata Consultancy Services, Capgemini, SmartBear Software, Cognizant, Keysight Technologies, Rapid value Solutions
The segmentation of the IoT testing market is based on IoT testing tools comprising hardware and software tools. Software tools are experiencing a lucrative growth with the ever-growing demand to implement them in the IoT ecosystem. Wireshark is an open source application that monitors the traffic in interface, source, and destination address. Hardware tools in the market are growing gradually. These tools include JTAG dongle, digital storage oscilloscope, and software defined radio.
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The application of IoT testing market includes smart healthcare, smart manufacturing, vehicle telematics, smart utilities, capillary networks management, and smart building & home automation. The smart manufacturing sector is likely to hold the largest market share in the market over the forecast period. The testing of smart manufacturing systems involves automated & efficient manufacturing tests including a wireless tester. IoT testing in this segment is done to augment productivity and manufacturing efficiency.
The IoT testing market is segmented based on the testing types, functional, performance, network, compatibility, usability, and security testing. The network testing segment is rapidly growing as it analyzes the nature and working of IoT devices ensuring application synchronization with all network protocols to guarantee unified connectivity across the platform.
North America dominates the IoT testing market due to the huge market for connected devices. Other major factors creating the demand are the development of technologies such as big data, AI, etc. Moreover, the presence of several companies operating in the IoT industry in the region creates huge potential for the players in the testing space to capture the opportunity by offering several advanced hardware & software tools for application and device testing.
Asia Pacific is among the highest growing regions for IoT testing market due to the rise in the adoption of connected devices and efforts of governments to develop smart infrastructure.
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The IoT testing industry includes vendors such as Infosys Ltd., HCL Technologies, Tata Consultancy Services, Capgemini, SmartBear Software, Cognizant, Keysight Technologies, Rapid value Solutions, AFour Technologies, Happiest Minds Technologies, IXIA, Apica Systems, Saksoft Ltd., Trustwave Holdings, and Navacoast Inc. The strategies adopted by some companies for their growth in the industry are mergers, acquisitions, and partnership along with new product developments to create a huge revenue stream.
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