IoT Testing Market 2021 Business Scenario - IBMCorporation, ApicaAB, AfourTechnologiesInc, HappiestMindsTechnologiesPvtLtd

IoT Testing Market by Component, Application, Services, and Region- Forecast to 2026

The Global IoT Testing Market Research Report 2021-2026 published by MarketInsightsReports is a significant source of keen information for business specialists. It furnishes the IoT Testing business outline with development investigation and historical and futuristic cost analysis, income, demand, and supply information (upcoming identifiers). The research analysts give a detailed depiction of the IoT Testing worth chain and its wholesaler examination. IoT Testing Market study gives extensive information which upgrades the agreement, degree, and use of this report.

The IoT Testing market was valued at USD 1107.2 billion in 2020 and expected to reach USD 6042.45 billion by 2026 and grow at a CAGR of 32.34% over the forecast period (2021 - 2026).

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Top Leading Companies of IoT Testing Market are IBMCorporation, ApicaAB, AfourTechnologiesInc, HappiestMindsTechnologiesPvtLtd, RAPIDVALUESOLUTIONS, PraetorianGroupInc, SaksoftLimited, KeysightTechnologiesInc, NovacoastInc, TrustwaveHoldingsInc(Singtel) and others.

Industry News And Updates on IoT Testing Market-

North America Occupies the Largest Market Share

- North America is expected to hold a potentially significant share, thereby, dominating the IoT testing market. The region has substantial dominance over sustainable and well-established economies, empowering them to invest in R & D activities actively. Thus, it contributes to the development of new technologies, such as IoT, Big Data, DevOps, and mobility.

- With the rising number of consumers embracing the smart home environment in the United States, IoT is further expanding across the North American region. According to the study, Stanford University researchers, around 66% of households in North America, possess at least one IoT device, more than a quarter of the global average of 40%. Although these technologies are increasingly on the radar of hackers, the level of security of these smart homes has been amplified as well. The increased adoption of IoT impacted the growth of the testing services market extensively.

- Moreover, organizations are also keen to incorporate IoT technologies into their processes, which is expected to boost the growth of the IoT testing market significantly. For instance, in May 2019, Telecom giant AT&T launched its Narrowband IoT (NB-IoT) network across the United States, further highlighting the momentum behind cellular IoT.

Key Market Trends IoT Testing Market-

- Increase adoption of smart cities concepts has evolved the great potential of IoT in the energy and utilities, waste management, and infrastructure. The investment in IoT enabled infrastructure is expected to accentuate the demand for security testing services for those assets, which may further foster the demand for managed services in these sectors.

- Moreover, smart devices and IoT in the retail sector help the companies to enhance the customer experience, in order to drive more conversions, altering the day-to-day store operations and may increase the managed services in this sector.

- This encourages many companies operating in the manufacturing, healthcare, or government sectors to subscribe to security services, instead of additionally investing in acquiring the hardware and software required to establish a security system.

Competitive Landscape On IoT Testing Market-

May 2019 - Ixia, a Keysight Business, and Symantec extended their collaboration to better secure hybrid networks. The integration of Ixias CloudLens with Symantec Security Analytics, industry-leading threat detection and forensics solution, allows Symantec customers to gain real-time visibility into their hybrid cloud environments.

- April 2019 - Beyond Security and Ubiquitous AI Corporation, U.S. based Security testing company, collaboratively developed and launched BeStorm X, which is a vulnerability verification tool designed primarily to test IoT devices. The tool is an amalgamation of Beyond Security's BeStorm version 7.6.8 and UAC's IoT technologies.

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