Internet of Things (IoT) Testing Market Research Report- Forecast to 2027

Internet of Things (IoT) Testing Market, by Solution & Services (Network Intelligence Solutions, Professional Services, Managed Services), by Deployment (Cloud, On-Premise), by Organization Size (Enterprise, SME Business) and End-User (CSP, BFSI, Cloud Service Provider, Healthcare, Government) - Forecast 2027
 
 
 
 

ID: MRFR/ICT/1870-HCR | February 2021 | Region: Global | 100 pages

Internet of Things (IoT) Testing Market Overview:


Internet of Things (IoT) is the new social hype running the world economically, technically, and socially these days. It refers to the combination of several devices like automobiles, industrial components, durable goods, and other everyday objects connected using the internet. Data is collected, analyzed, and stimulated using sensors. The Internet has played a pivotal role in the market the growth of the Internet of Things. Internal Protocol (IP) is used to track the devices. Each device has a separate IP which helps track and record the activity of these devices and further link them to consumers. With the rise in the DevOps market that has automated a major part of the technology, we use there is a rapid demand for the Internet of Things.



Different architect models are defined for different companies considering their needs and demands in focus. Several different devices can be used in parallel using a similar VPN or WIFI connection. Several test cases are developed and tested against the live scenario. Thus, the Internet of Things (IoT) Testing Industry has been on the rise since the introduction of testing modules. Internet of Things (IoT) Testing Business Growth is estimated to reach a revenue of more than 1000 million US dollars by the forecast year – 2022. The global Internet of Things (IoT) Testing Market is expected to register a CAGR of more than 33% by the year 2022.



COVID-19 Analysis:


COVID-19 virus is the most and vital virus witnessed by the world in the last 100 years that has had impacted the world, leading to the increased number of patients and death per human life. Since the November of 2019, the world has been held down economically, socially, and politically. The impact of the virus is huge on human life as well as the industries around it. Internet of Things (IoT) has made survival in these tough times easier. With schools, offices, and other industries working from home has made people survive in a home environment working cordially with all the aspects. Internet of Things (IoT) has seen exponential growth during pandemic times.



Market Dynamics:


Drivers:


The ease with which the Internet of Things (IoT) can compute and analyze the data across different platforms has marketed the growth of the IoT industry. By combining devices as small as remote controls to automobiles Internet of Things has spread in every aspect of our daily lives. Data science has made it easier and convenient for industries to predict patterns, cloud computing and storage have widened the scope of IoT. Different connecting models (device-to-cloud, device-to-device, backend data sharing, ad device-to-gateway) used have made the market more flexible to the use of the Internet of Things.



Challenges:


Many potential benefits that the Internet of Things could offer in today’s world are being affected by challenges faced by the IoT industry. Internet hacking is one of the major concerns in the field of privacy and surveillance. Poor security of IoT devices has made them vulnerable to cyber-attacks. The loss of data in case of faulty connections has made industries at a potential threat of hardware-software alliance. The other safety concerns include hardware quality, real-time complexity, system scalability, dynamic environment, interrupted internet, and others.



Technology Analysis:


Internet of Things (IoT) Testing Market has emerged as a promising market in areas like healthcare, agriculture, water management, environmental management, industrialization, corporates, local and private businesses, etc. Deep learning, machine learning, real-time analytics, sensors, software, and hardware devices connected using wireless technology have emerged as benefits for the IoT industry. It can be called a smart home for all the devices that have internet access. For instance, smart speakers like google home, Alexa, etc. are all running based on IoT technology. Many home appliances functions on exchanging data and command using the internet by humans. Corporates and industries analyze the market and develop models best suited for them and people’s concerns to enhance the market growth.



Segment Overview:


By Type:


Internet of Things (IoT) Testing Market is segmented by type as software testing tools (Tcpdump and Wireshark) and hardware testing tools (Digital Storage Oscilloscope, JTAG Dongle, and Software Defined Radio). Software testing tools consist of several test cases run over the models presented by the industries to come to a positive outcome. DevOps models, pilot testing, performance testing, network testing, compatibility testing, regulatory testing, usability testing, and network connectivity testing determine whether the model is fit for the real-time project or not. Hardware testing is more related to testing the durability and scalability of hardware.


By Application:


Internet of Things (IoT) Testing Market is segmented by application as transportation, mining, solution providers, and sensor devices manufacturers. A combination of all these is the basis of the Internet of Things industry.



By Vertical:


Internet of Things (IoT) Testing Market is segmented by vertical as the several end-users i.e. corporates, industries, local and private business sectors, schools, healthcare centers, etc. Smart Appliances, wearable devices, connected automobiles, energy-saver meters, etc. are all devices used. All the places using the internet are accounted to use the Internet of Things for maintaining and analyzing their data.



Regional Analysis:


The Internet of Things (IoT) Testing Market is widespread across the world. All the 213 countries around the globe have been advancing to create a world with access to high-level technology to smart devices. North America is the market leader of the Internet of Things (IoT) Market because of highly invested companies to develop technologies to supreme levels. America along with Canada are the super-powers in the world of big data evolution, data analytics, machine learning, and deep learning fueling the study and growth of the Internet of Things (IoT) market in the western countries. European countries like Russia, Germany, Italy, etc., and Asia-Pacific regions of China, Japan, Australia, Brazil, India, etc. have shown tremendous growth in recent years. China is supposed to lead the world’s market of the Internet of Things (IoT) in the upcoming years owing to a higher number of investors to service providers.


Competitive Landscape:


The competitive landscape of the Internet of Things (IoT) Testing Market compromises gross analysis of market share, key development strategies, and market ranking analysis. Internet of Things (IoT) Testing Market has attracted a vast range of audience including IoT testing providers, IoT service providers, technology investors, IoT platform providers, application providers, hardware vendors, innovators, hardware and software vendors, regulatory agencies, communication service providers, research and development centers, third-party system providers, etc. the key market players in the Internet of Things (IoT) Testing market are Oracle Corporation, Keysight Technologies (U.S.), Happiest Minds Technologies (India), Intel Corporation, SmartBear Software (U.S.), Cisco Systems, Cognizant (U.S.), Rapid Value Solutions (U.S.), Infosys (India), SAP SE, Inc., Capgemini (France), HCL Technologies (India), Rapid7 (U.S.), International Business Machine (IBM) Corporation, Microsoft Corporation, TCS (India), AFour Technologies (U.S.), and PTC Inc.


Recent Developments:


Internet of Things (IoT) Testing Industry has seen immense growth in recent years accounting for the relative data availability and devices to track and record it. Manufacturing new devices and attracting more customers have made the IoT industry grow revenue-wise and client-wise in recent years. For instance: BOSCH has made available a platform for more than 8.5 million devices to be connected. Tesla has launched more than 1 million electric cars across the world that work on the internet-based models taking track of road conditions, air and temperature considerations to have an automatic or pilot driver driving the cars. Maersk has shown advancement in past one year by providing a minimum of 500,000 connected refrigerators to the navy for long-term use. Myriota is 2019 was able to connect to a cloud-based satellite using AWS technology for the transfer of data and communication over the Internet.



Report Overview:


The Internet of Things (IoT) Testing Market report shares light on factors affecting the market structure, market growth, and business growth till now and expected in the forecast year. The report classifies the drivers that make the scope of the Internet of Things (IoT) Testing Market vast and the challenges faced by the industry. It also lists the various segmentation type on which the IoT can be further divided. The report forecasts the key market players and the regions on which the IoT is spread. Asia-Pacific, North America, Europe, and the Rest of the World are the major market holders. It classifies the different testing types and tools on which to comprehend the growth of the IoT Market. strategic alliances, new product developments, joint ventures, research and developments, and mergers and acquisitions are the key factors that help in tracking and recording the developments in the IoT market.



Report Scope:
Report Attribute/Metric Details
  Market Size   USD 1000 Million (2022)
  CAGR   33% (2022)
  Base Year   2019
  Forecast Period   2020-2027
  Historical Data   2018
  Forecast Units   Value (USD Million)
  Report Coverage   Revenue Forecast, Competitive Landscape, Growth Factors, and Trends
  Segments Covered   by Deployment, by Organization
  Geographies Covered   North America, Europe, Asia-Pacific, and Rest of the World (RoW)
  Key Vendors   Cognizant (U.S.), Keysight technologies (U.S.), Infosys (India), HCL Technologies (India), Capgemini (France), TCS (India), Happiest Minds Technologies (India), AFour Technologies (U.S.), SmartBear Software (U.S.), Rapid Value Solutions (U.S.), and Rapid7 (U.S.)
  Key Market Opportunities   The Internet has played a pivotal role in the market the growth of the Internet of Things. Internal Protocol (IP) is used to track the devices.
  Key Market Drivers

  • The ease with which the Internet of Things (IoT) can compute and analyze the data across different platforms has marketed the growth of the IoT industry. \r\n
  • By combining devices as small as remote controls to automobiles Internet of Things has spread in every aspect of our daily lives.


  • Frequently Asked Questions (FAQ) :


    The market is going to achieve a valuation of USD ~1708 Million by 2022, as per the prediction.

    North America, Europe, Asia, and the Rest of the World (ROW) are the regions grossing the most in the market share.

    North America is the market leader of the Internet of Things (IoT) Testing Market.

    Internet of Things (IoT) Testing Market is segmented by type as software testing tools (Tcpdump and Wireshark) and hardware testing tools (Digital Storage Oscilloscope, JTAG Dongle, and Software Defined Radio).

    North America is leading the Internet of Things (IoT) Testing market with maximum shares.

    The global Internet of Things (IoT) Testing Market is expected to register a CAGR of more than 33% by the year 2022.

    TABLE OF CONTENTS
    1 MARKET INTRODUCTION

    1.1 INTRODUCTION

    1.2 SCOPE OF STUDY

    1.2.1 RESEARCH OBJECTIVE

    1.2.2 ASSUMPTIONS

    1.2.3 LIMITATIONS

    1.3 MARKET STRUCTURE
    2 RESEARCH METHODOLOGY

    2.1 RESEARCH NETWORK SOLUTION

    2.2 PRIMARY RESEARCH

    2.3 SECONDARY RESEARCH

    2.4 FORECAST MODEL

    2.4.1 MARKET DATA COLLECTION, ANALYSIS & FORECAST

    2.4.2 MARKET SIZE ESTIMATION
    3 MARKET DYNAMICS

    3.1 INTRODUCTION

    3.2 MARKET DRIVERS

    3.3 MARKET CHALLENGES

    3.4 MARKET OPPORTUNITIES

    3.5 MARKET RESTRAINTS
    4 EXECUTIVE SUMMARY
    5. MARKET FACTOR ANALYSIS

    5.1 PORTER’S FIVE FORCES ANALYSIS

    5.2 SUPPLY CHAIN ANALYSIS
    6 INTERNET OF THINGS (IOT) TESTING MARKET, BY SEGMENTS

    6.1 INTRODUCTION

    6.2 MARKET STATISTICS

    6.2.1 BY TESTING TYPE

    6.2.1.1 UPGRADE TESTING

    6.2.1.2 REGULATORY TESTING

    6.2.1.3 PILOT TESTING

    6.2.1.4 COMPATIBILITY TESTING

    6.2.1.4 PERFORMANCE TESTING

    6.2.1.4 NETWORK CONNECTIVITY TESTING

    6.2.1.4 OTHERS

    6.2.2 BY TESTING TOOLS

    6.2.2.1 SOFTWARE TOOLS

    6.2.2.2 HARDWARE TOOLS

    6.2.3 BY APPLICATION

    6.2.3.1 SMART APPLIANCES

    6.2.3.2 SMART ENERGY METERS

    6.2.3.3 WEARABLE DEVICES

    6.2.3.4 SMART HEALTHCARE DEVICES

    6.2.3.5 CONNECTED CARS

    6.2.5 BY GEOGRAPHY

    6.2.5.1 NORTH AMERICA

    6.2.5.2 EUROPE

    6.2.5.3 ASIA-PACIFIC

    6.2.5.4 REST OF THE WORLD
    7 COMPETITIVE ANALYSIS

    7.1 MARKET SHARE ANALYSIS

    7.2 COMPANY PROFILES

    7.2.1 COGNIZANT (U.S.)

    7.2.2 KEYSIGHT TECHNOLOGIES (U.S.)

    7.2.3 INFOSYS (INDIA)

    7.2.4 HCL TECHNOLOGIES (INDIA)

    7.2.5 CAPGEMINI (FRANCE)

    7.2.6 TCS (INDIA)

    7.2.7 HAPPIEST MINDS TECHNOLOGIES (INDIA)

    7.2.8 AFOUR TECHNOLOGIES (U.S.)

    7.2.9 RAPID VALUE SOLUTIONS (U.S.)

    7.2.10 RAPID7 (U.S.)

    7.2.11 OTHERS 
    LIST OF TABLES
    TABLE 1 INTERNET OF THINGS (IOT) TESTING MARKET, BY TESTING TYPE

    TABLE 2 INTERNET OF THINGS (IOT) TESTING MARKET, BY TESTING TOOLS

    TABLE 3 INTERNET OF THINGS (IOT) TESTING MARKET, BY APPLICATION

    TABLE 4 INTERNET OF THINGS (IOT) TESTING MARKET, BY REGIONS

    TABLE 5 NORTH AMERICA CHIP INTERNET OF THINGS (IOT) TESTING MARKET, BY TESTING TYPE

    TABLE 6 NORTH AMERICA CHIP INTERNET OF THINGS (IOT) TESTING MARKET, BY TESTING TOOLS

    TABLE 7 NORTH AMERICA INTERNET OF THINGS (IOT) TESTING MARKET, BY APPLICATION

    TABLE 8 U.S. INTERNET OF THINGS (IOT) TESTING MARKET, BY TESTING TYPE

    TABLE 9 U.S. INTERNET OF THINGS (IOT) TESTING MARKET, BY TESTING TOOLS

    TABLE 10 U.S. INTERNET OF THINGS (IOT) TESTING MARKET, BY APPLICATION

    TABLE 11 CANADA INTERNET OF THINGS (IOT) TESTING MARKET, BY TESTING TYPE

    TABLE 12 CANADA INTERNET OF THINGS (IOT) TESTING MARKET, BY TESTING TOOLS

    TABLE 13 CANADA INTERNET OF THINGS (IOT) TESTING MARKET, BY APPLICATION

    TABLE 14 EUROPE INTERNET OF THINGS (IOT) TESTING MARKET, BY TESTING TYPE

    TABLE 15 EUROPE INTERNET OF THINGS (IOT) TESTING MARKET, BY TESTING TOOLS

    TABLE 16 EUROPE INTERNET OF THINGS (IOT) TESTING MARKET, BY APPLICATION

    TABLE 17 GERMANY INTERNET OF THINGS (IOT) TESTING MARKET, BY TESTING TYPE

    TABLE 18 GERMANY INTERNET OF THINGS (IOT) TESTING MARKET, BY TESTING TOOLS

    TABLE 19 GERMANY INTERNET OF THINGS (IOT) TESTING MARKET, BY APPLICATION

    TABLE 20 FRANCE INTERNET OF THINGS (IOT) TESTING MARKET, BY TESTING TYPE

    TABLE 21 FRANCE INTERNET OF THINGS (IOT) TESTING MARKET, BY TESTING TOOLS

    TABLE 22 FRANCE INTERNET OF THINGS (IOT) TESTING MARKET, BY APPLICATION

    TABLE 23 U.K. INTERNET OF THINGS (IOT) TESTING MARKET, BY TESTING TYPE

    TABLE 24 U.K. INTERNET OF THINGS (IOT) TESTING MARKET, BY TECHNLOGY

    TABLE 25 U.K. INTERNET OF THINGS (IOT) TESTING MARKET, BY APPLICATION

    TABLE 26 REST OF EUROPE INTERNET OF THINGS (IOT) TESTING MARKET, BY TESTING TYPE

    TABLE 27 REST OF EUROPE INTERNET OF THINGS (IOT) TESTING MARKET, BY TESTING TOOLS

    TABLE 28 REST OF EUROPE CHIP INTERNET OF THINGS (IOT) TESTING MARKET, BY APPLICATION

    TABLE 29 ASIA-PACIFIC INTERNET OF THINGS (IOT) TESTING MARKET, BY TESTING TYPE

    TABLE 30 ASIA-PACIFIC INTERNET OF THINGS (IOT) TESTING MARKET, BY TESTING TOOLS

    TABLE 31 ASIA-PACIFIC INTERNET OF THINGS (IOT) TESTING MARKET, BY APPLICATION

    TABLE 32 MIDDLE EAST & AFRICA INTERNET OF THINGS (IOT) TESTING MARKET, BY TESTING TYPE

    TABLE 33 MIDDLE EAST & AFRICA INTERNET OF THINGS (IOT) TESTING MARKET, BY TESTING TOOLS

    TABLE 34 MIDDLE EAST & AFRICA INTERNET OF THINGS (IOT) TESTING MARKET, BY APPLICATION


    LIST OF FIGURES
    FIGURE 1 RESEARCH NETWORK SOLUTION

    FIGURE 2 INTERNET OF THINGS (IOT) TESTING MARKET: BY TESTING TYPE (%)

    FIGURE 3 INTERNET OF THINGS (IOT) TESTING MARKET: BY TESTING TOOLS (%)

    FIGURE 4 INTERNET OF THINGS (IOT) TESTING MARKET: BY APPLICATION (%)

    FIGURE 5 INTERNET OF THINGS (IOT) TESTING MARKET: BY REGION

    FIGURE 6 NORTH AMERICA INTERNET OF THINGS (IOT) TESTING MARKET, BY TESTING TYPE (%)

    FIGURE 7 NORTH AMERICA INTERNET OF THINGS (IOT) TESTING MARKET, BY TESTING TOOLS (%)

    FIGURE 8 NORTH AMERICA INTERNET OF THINGS (IOT) TESTING MARKET, BY APPLICATION (%)

    FIGURE 9 EUROPE INTERNET OF THINGS (IOT) TESTING MARKET, BY TESTING TYPE (%)

    FIGURE10 EUROPE INTERNET OF THINGS (IOT) TESTING MARKET, BY TESTING TOOLS (%)

    FIGURE 11 EUROPE INTERNET OF THINGS (IOT) TESTING MARKET, BY APPLICATION (%)

    FIGURE 12 ASIA-PACIFIC INTERNET OF THINGS (IOT) TESTING MARKET, BY TESTING TYPE (%)

    FIGURE 13 ASIA-PACIFIC INTERNET OF THINGS (IOT) TESTING MARKET, BY TESTING TOOLS (%)

    FIGURE 14 ASIA-PACIFIC INTERNET OF THINGS (IOT) TESTING MARKET, BY APPLICATION (%)

    FIGURE 15 ROW INTERNET OF THINGS (IOT) TESTING MARKET, BY TESTING TYPE (%)

    FIGURE 16 ROW INTERNET OF THINGS (IOT) TESTING MARKET, BY TESTING TOOLS (%)

    FIGURE 17 ROW INTERNET OF THINGS (IOT) TESTING MARKET, BY APPLICATION (%)