Global IoT Testing Market Size, Forecasts, And Opportunities
Learn about the global IoT testing market through The Business Research Company, which provides information on IoT testing market size, IoT testing market drivers and restraints, IoT testing market players, the COVID-19 impact on the IoT testing market, and more.
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The global IoT testing market is expected to grow from $0.76 billion in 2020 to $0.83 billion in 2021 at a compound annual growth rate (CAGR) of 9.2%. The growth is mainly due to the companies resuming their operations and adapting to the new normal while recovering from the COVID-19 impact, which had earlier led to restrictive containment measures involving social distancing, remote working, and the closure of commercial activities that resulted in operational challenges. The IoT (Internet of Things) testing market is expected to reach $2.21 billion in 2025 at a CAGR of 27.7%.
Rise in number of IoT (Internet of Things) devices in use is expected to drive innovation in IoT testing, thus driving the market during the forecast period.
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The IoT (Internet of Things) testing market consists of sale of testing services. IoT testing services include usability, security, connectivity, performance, regulatory testing, and others. IoT is a system of connected devices which can communicate and interact with each other and can be accessed through internet.
Global IoT testing market segments include:
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: The market is segmented into North America, South America, Asia-Pacific, Eastern Europe, Western Europe, Middle East and Africa.
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.
TBRC’s IoT testing market report covers:
Major Market Players: HCL Technologies Ltd, Tata Consultancy Services Limited, Happiest Minds, RapidValue Solutions, and AFour Technologies.
Regions: Asia-Pacific, China, Western Europe, Eastern Europe, North America, USA, South America, Middle East and Africa.
Countries: Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.
Time Series: Five years historic (2015-20) and ten years forecast (2021-2025-2030)
The IoT Testing Global Market Report 2021: COVID-19 Growth and Change to 2030 is one of a series of new reports from The Business Research Company that provides IoT testing market overviews, analyzes and forecasts market size, share, IoT testing market players, IoT testing market segments and geographies, leading competitor revenues, profiles and market shares.
TBRC’s IoT testing market report identifies top countries and segments for opportunities and strategies based on market trends and leading competitors’ approaches.
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