Press release
IoT Testing Market Report 2024-2033: Share, Trends, Demand, Overview
IoT Testing Market
As per the report, the iot testing market size has grown exponentially in recent years. It will grow from $1.21 billion in 2023 to $1.64 billion in 2024 at a compound annual growth rate (CAGR) of 35.7%. The iot testing market size is expected to see exponential growth in the next few years. It will grow to $5.1 billion in 2028 at a compound annual growth rate (CAGR) of 32.8%.
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Growth In Iot Device Usage Drives Expansion Of Iot Testing Market
Rise in number of IoT (Internet of Things) devices in use increases the need to test the devices which drives the IoT testing market. 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 iot testing market.
Virtualization Revolutionizes Iot Test Automation In The IOT Testing Market
Virtualization for IoT test automation is the trend in the IoT testing market. 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.
The iot testing market covered in this report is segmented -
1) By Testing Type: Functional Testing, Usability Testing, Security Testing, Compatibility Testing, Performance Testing, Network Testing
2) By Testing Tools: Software Tools, Hardware Tools
3) By Applications: Connected Cars, Smart Appliances, Smart Energy Meters, Wearable Devices, Smart Healthcare Devices
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Major companies operating in the iot testing market report are AT&T Inc., Huawei Technologies Co. Ltd., Siemens AG, Intel Corporation, International Business Machines Corporation, Cisco Systems Inc., Verizon Enterprises Solutions LLC, HP Enterprise Company LLC, Infineon Technologies AG, Fortinet Inc., Symantec Corporation, Gemalto NV, ARM Holdings plc, Check Point Software Technologies Ltd., PTC Inc., Alcatel-Lucent SA, Forgerock Inc., Trustwave Holdings Inc., NSIDE Secure Inc., Allot Communications Ltd., Armis Inc., Sophos Group plc, Broadcom Inc., Wurldtech Security Inc., Centri Security Inc., SecuriThings, Mocana Corporation, Newsky Security Inc., Axeda Machine Cloud LLC, NETCOM On-Line Communication Services Inc., Palo Alto Networks Inc., Rapid7 Inc., SimpliSafe Inc., Cradlepoint Inc., SonicWall Inc., Medigate Corporation, CyberMDX Healthcare Cybersecurity, Entrust Datacard Corporation, Microsoft Corporation, Amazon Web Services, Google LLC, Ericsson AB, Thales Group, Atos SE
Contents of the report:
1. Executive Summary
2. IoT Testing Market Report Structure
3. IoT Testing Market Trends And Strategies
4. IoT Testing Market - Macro Economic Scenario
5. IoT Testing Market Size And Growth
…..
27. IoT Testing Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix
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