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Global IoT Testing Market 2023 Industry Insights, Technology Scouting, Future Scope And Forecast To 2032 | Major Players Are HCL Technologies Ltd., Tata Consultancy Services Limited, Happiest Minds, RapidValue Solutions, AFour Technologies
IoT Testing Market
The Business Research Company's IoT Testing Global Market Report 2023 identifies Rise in number of IoT (Internet of Things) devices as the major driver for the IoT Testing Market's growth in the forecast period. IoT is a system of connected devices that can be accessed through internet. IoT is used in vast range of gadgets and applications such as smart watch, refrigerators, air conditioners, lock system, infrastructure and healthcare products. It is highly important to test the devices in order to ensure their connectivity, performance, usability and security. According to the estimates of Gartner, the number of IoT devices in use is expected to grow above 20 billion by 2026. This rise in use of IoT devices will contribute to the growth of the market.
The global iot testing market size will grow from $0.89 billion in 2022 to $1.22 billion in 2023 at a compound annual growth rate (CAGR) of 36.7%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The global iot testing market size is expected to grow to $3.87 billion in 2027 at a CAGR of 33.6%.
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Major competitors in the IoT testing market are HCL Technologies Ltd., Tata Consultancy Services Limited, Happiest Minds, RapidValue Solutions, AFour Technologies, Rapid7, Infosys Limited, Smartbear Software, Capgemini, Cognizant, Saksoft Ltd., Beyond Security, Ixia, NovacoastInc., Trustwave Holdings, Praetorian, Keysight technologies, IBM, Cigniti Technologies, Texas instruments, Zephyr and Apica System.
A key trend in the IoT Testing Market includes Virtualization for IoT test automation. The challenges in the traditional testing like scalability issues for connected devices, maintenance problem, issues in unit level code checking and high-performance deliverable problems can be resolved by virtualization in test automation. It helps in simulating hardware and software and matches the dependency with the real behavior to give proper test results. It speeds up the testing time and reduces the efforts. The sensor, API and service virtualization are some of the components with different roles. For example, Ericsson carried out the automation test in their office with 879 devices like window sensors, lights and occupancy sensors to demonstrate their Bluetooth mesh capabilities under system level simulator.
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The IoT Testing Market is segmented -
By Testing Type: Functional Testing, Usability Testing, Security Testing, Compatibility Testing, Performance Testing, Network Testing
By Testing Tools: Software Tools, Hardware Tools
By Applications: Connected Cars, Smart Appliances, Smart Energy Meters, Wearable Devices, Smart Healthcare Devices
By Geography: Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. Asia-Pacific was the largest region in the IoT Testing Market.
The Business Research Company's "Global IoT Testing Market Report 2023" provides a thorough understanding of the market across 60 geographies. The report covers market size, growth rate, segments, drivers and trends in every region and country. In addition, the report offers insights on historical and forecast growth, helping players analyze and strategize better.
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The Table Of Content For The IoT Testing Market Include:
1. Executive Summary
2. IoT Testing Market Characteristics
3. IoT Testing Market Trends And Strategies
4. IoT Testing Market - Macro Economic Scenario
5. IoT Testing Market Size And Growth
……
26. Africa IoT Testing Market
27. IoT Testing Market Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions In The IoT Testing Market
29. IoT Testing Market Future Outlook and Potential Analysis
30. Appendix
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