Internet of Things (IoT) Testing Market Booming Worldwide( Forecast Period 2023-2028) With Top Player:AFour Technologies Pvt. Ltd., Apica AB, Beyond Security (HelpSystems LLC), Capgemini SE

According to IMARC Group's latest report, titled "IoT Testing Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028", the global Internet of Things (IoT) testing market size reached US$ 2.1 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 14.4 Billion by 2028, exhibiting a growth rate (CAGR) of 34.2% during 2023-2028.

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What is IoT Testing?

Internet of things (IoT) testing is an essential process that helps detect underlying bugs in IoT devices. It involves conducting tests such as usability, compatibility, reliability, scalability, data integrity, security, and performance testing. It ensures that each device functions seamlessly while enabling the entire IoT network to collaborate and deliver efficient results. It helps evaluate the performance of IoT device apps with the help of different performance metrics, such as load tolerance, loading speed, throughput, efficiency, database performance, uptime, and data transfer rate. As a result, IoT testing finds extensive applications in information and technology (IT), telecommunications, energy and utilities, healthcare, retail, and manufacturing industries across the globe.

Market Trends:

The global IoT testing market is primarily driven by the rising utilization of microservices that result in better IoT applications. Moreover, there has been a rise in demand for DevOps as organizations aim to deliver applications and services faster than traditional software development. In line with this, the increasing adoption of ingress protection (IP) testing to enhance IoT devices is positively influencing the market growth.

Furthermore, the rising development of software-defined applications and the increasing application of IoT testing to reduce security breaches by testing passwords, credentials, and data interface of IoT devices are contributing to the market growth. Other factors, including the rapid expansion of the information and technology (IT) sector, rising demand for 5G IoT technology across numerous industry verticals, and rapid digitization, are also anticipated to create a positive market outlook.

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IoT Testing Market 2023-2028 Competitive Analysis and Segmentation:

Competitive Landscape With Key Players:

The competitive landscape of the global IoT testing market has been studied in the report with the detailed profiles of the key players operating in the market.

Some of these key players include:

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

Key Market Segmentation:

The report has segmented the global IoT testing market based on testing type, service type, deployment mode, application and region.

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
• Asia Pacific
• Europe
• Latin America
• Middle East and Africa

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Key Highlights of the Report:

• Market Performance (2017-2022)
• Market Outlook (2023-2028)
• Market Trends
• Market Drivers and Success Factors
• Impact of COVID-19
• Value Chain Analysis
• Comprehensive mapping of the competitive landscape

If you need specific information that is not currently within the scope of the report, we will provide it to you as a part of the customization.

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Key Questions Answered in This Report:
• How has the global IoT testing market performed so far and how will it perform in the coming years?
• What has been the impact of COVID-19 on the global IoT testing market?
• What are the key regional markets?
• What is the breakup of the market based on the testing type?
• What is the breakup of the market based on the service type?
• What is the breakup of the market based on the deployment mode?
• What is the breakup of the market based on the application?
• What are the various stages in the value chain of the industry?
• What are the key driving factors and challenges in the industry?
• What is the structure of the global IoT testing market and who are the key players?
• What is the degree of competition in the industry?

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IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.

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Our offerings include comprehensive market intelligence in the form of research reports, production cost reports, feasibility studies, and consulting services. Our team, which includes experienced researchers and analysts from various industries, is dedicated to providing high-quality data and insights to our clientele, ranging from small and medium businesses to Fortune 1000 corporations.

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