Internet of Things (IoT) Testing Market - Growth, Trends, SWOT Analysis, Size, Share and Forecast 2022 to 2027

The latest research study "IoT Testing Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027" by IMARC Group, finds that the global Internet of Things (IoT) testing market reached a value of US$ 1.55 Billion in 2021. Looking forward, IMARC Group expects the market to reach a value of US$ 10.66 Billion by 2027, exhibiting a CAGR of 34.70% during 2022-2027.

Industry Definition and Application:

IoT testing identifies underlying bugs in the internet of things (IoT) devices. It consists of compatibility, reliability and scalability, usability, data integrity, security, and performance testing. IoT testing ensures that each device executes its functions quickly while allowing the entire IoT network to collaborate and deliver efficient results. Furthermore, it assists in evaluating the performance with the help of several metrics, such as load tolerance, database performance, and IoT device app loading speed, throughput, efficiency, uptime, data transfer rate, etc. Consequently, IoT testing finds extensive applications in various sectors, including telecommunications, information and technology (IT), manufacturing, energy and utility, healthcare, retail, etc.

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What are the major drivers for the IoT testing market?

The widespread adoption of microservices is primarily driving the IoT testing market. Additionally, the escalating demand for DevOps to increase the ability of an organization to deliver applications and services at high velocity as compared to traditional software development is also catalyzing the market growth.

Besides this, the growing utilization of ingress protection (IP) testing for enhanced IoT devices and the rising consumer awareness towards numerous benefits offered by IoT testing, such as security of the network, usability of the interconnected devices, connectivity, the overall performance of the system, etc., are acting as significant growth-inducing factors. Moreover, the introduction of application programming interface (API) monitoring to gain visibility and evaluate the availability, response, and functional correctness of apps is anticipated to fuel the IoT testing market over the forecasted period.

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Report Segmentation:

The report has segmented the market on the basis of region, testing type, service type, deployment mode and application.

Breakup by Testing Type:
• Functional Testing
• Performance Testing
• Network Testing
• Compatibility Testing
• Usability Testing
• Security Testing

Breakup by Service Type:
• Managed Services
• Professional Services

Breakup by Deployment Mode:
• On-premises
• Cloud-based

Breakup by Application:
• Smart Building and Home Automation
• Capillary Network Management
• Smart Utilities
• Vehicle Telematics
• Smart Manufacturing
• Smart Healthcare

Breakup by Region:
• North America: (United States, Canada)
• Asia Pacific: (China, Japan, India, South Korea, Australia, Indonesia, Others)
• Europe: (Germany, France, United Kingdom, Italy, Spain, Russia, Others)
• Latin America: (Brazil, Mexico, Others)
• Middle East and Africa

List of Major Key Players:
• AFour Technologies Pvt. Ltd.
• Apica AB
• Beyond Security (HelpSystems LLC)
• Happiest Minds Technologies Limited
• HCL Technologies Limited
• Infosys Limited
• Keysight Technologies
• Capgemini SE
• Praetorian
• Rapid7 Inc.
• Saksoft Limited
• Singapore Telecommunications Limited.

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This release was published on openPR.