The latest research study by IMARC Group, “IoT Testing Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027” offers a comprehensive analysis of the industry, which comprises insights on global IoT testing market analysis. 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.
IoT Testing Industry Outlook:
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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Market Trends:
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.
| IoT Testing Market Report Scope | |
| Report Coverage | Details |
| Market size value in 2021 | US$ 1.55 Billion |
| Market forecast in 2027 | US$ 10.66 Billion |
| Growth Rate | CAGR of 34.70% from 2022 to 2027 |
| Base year for estimation | 2021 |
| Historical data | 2016-2021 |
| Forecast period | 2022-2027 |
| Report coverage | Revenue forecast, company ranking, competitive landscape, growth factors, and trends |
| Segments covered | Testing Type, Service Type, Deployment Mode, Application and Region |
| Market Dynamics | Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID 19 impact and future consumer dynamics, market condition analysis for forecast period, |
| Customization preview | If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized. |
Key Market Segmentation:
The report has been segmented the market into following categories:
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 Geography:
- 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
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List of Key Companies Covered in this Market Report:
The major players in the market are AFour Technologies Pvt. Ltd., Apica AB, Beyond Security (HelpSystems LLC), Capgemini SE, Happiest Minds Technologies Limited, HCL Technologies Limited, Infosys Limited, Keysight Technologies, Praetorian, Rapid7 Inc., Saksoft Limited and Singapore Telecommunications Limited.
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About IMARC Group:
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.
IMARC’s information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company’s expertise.
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