IoT Testing Market Industry Analysis, Growth, Trends and Forecast to 2026 - IBM Corporation, Apica AB, Afour Technologies Inc., Keysight Technologies Inc

A Latest market research report added to repository of “MarketInsightsReports” is an in-depth analysis of Global IoT Testing Market. On the basis of historic growth analysis and current scenario of IoT Testing market place, the report intends to offer actionable insights on global market growth projections. Authenticated data presented in report is based on findings of extensive primary and secondary research. The deep understanding of multiple aspects of IoT Testing market. This further helps user with their developmental strategy.

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 Key Players in the Global IoT Testing Market are IBM Corporation, Apica AB, Afour Technologies Inc., Happiest Minds Technologies Pvt. Ltd, RAPIDVALUE SOLUTIONS, Praetorian Group Inc., Saksoft Limited, Keysight Technologies Inc, Novacoast Inc., Trustwave Holdings Inc. (Singtel) and others. 

Industry News and Update:

- May 2019 - Ixia, a Keysight Business, and Symantec extended their collaboration to better secure hybrid networks. The integration of Ixia’s 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.

Key Market Trends:

Managed Services is Expected to Witness a Significant Growth Rate

- Managed IoT testing service providers see emerging technology as a significant source of business opportunity for the next couple of years. Among managed IoT testing services, the security testing will have a more significant market share than other testing services.
- 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.

Regional Analysis:

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.

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Highlights of TOC:

Market Overview: It starts with product overview and scope of the Global IoT Testing market and later gives consumption and production growth rate comparisons by application and product respectively. It also includes a glimpse of the regional study and IoT Testing market size analysis for the review period 2016-2026.

Company Profiles: Each company profiled in the report is assessed for its market growth keeping in view vital factors such as price, IoT Testing market gross margin, revenue, production, markets served, main business, product specifications, applications, and introduction, areas served, and production sites.

Manufacturing Cost Analysis: It includes industrial chain analysis, manufacturing process analysis, the proportion of manufacturing cost structure, and the analysis of key raw materials.

Market Dynamics: Readers are provided with a comprehensive analysis of IoT Testing market challenges, influence factors, drivers, opportunities, and trends.

Market Forecast: Here, the IoT Testing report provides consumption forecast by application, price, revenue, and production forecast by product, consumption forecast by region, production forecast by region, and production and revenue forecast.                              

Key questions answered:

- Which are the key market players operating in the global IoT Testing market?
- What are the key concerns of the five forces analysis of the Global IoT Testing market?
- Which are the factors driving the growth of the key players?
- Which are the key driving factors likely to propel the global IoT Testing market growth?
- Which are the latest trends and business strategies adopted by the key players to survive in both the regional and global platform?

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