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    Global IoT Testing Market Growth & Forecast

    Global IoT Testing Market Growth & Forecast
    Report code - SR2349 Delivery - 2 Weeks
    IoT Testing Market Size, Share, Trend, Forecast, Competitive Analysis, and Growth Opportun See more...

    Market Insights

    The global IoT testing market is expected to grow from USD 1.15 billion in 2021 to USD 7.20 billion by 2028 at a CAGR of 30.4% during the forecast period.

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    Because of the growing adoption of smartphones and mobile devices, along with the increasing internet penetration, the IoT evolution has witnessed tremendous growth in recent years. The same factor is anticipated to continue boosting the demand for IoT solutions in the upcoming years as well.

    IoT testing refers to performing several QA tests to check IoT devices' security, functionality, and performance. It is important to verify an IoT device as it can transfer crucial information wirelessly before going to market. IoT testing also confirms that each device is working efficiently, functioning properly, and delivering the required results. IoT testing mainly revolves around analytics, security, device, processors, networks, platforms, standards, and operating systems.

    Due to this, most IoT businesses depend on IoT automation, penetration, and performance testing tools to identify defects before selling to customers. This type of test for an IoT application is done to protect it from problems related to APIs, authentication, updates, configuration settings, etc. It helps to test the speed of IoT applications in data–demanding environments. It also helps to protect an IoT device from hackers and other threats.

    Global IoT Testing Market Report Overview

    Market Size in 2028

    USD 7.20 Billion

    Market Size in 2021

    USD 1.15 Billion

    Market Growth (2022-2028)

    CAGR of 30.4%

    Base Year of Study

    2021

    Trend Period

    2016-2020

    Forecast Period

    2022-2028

    Key Players

    The major players operating in the global IoT testing market are:

    • Cognizant Technology Solutions Corporation
    • Capgemini S.A
    • Infosys Limited
    • Rapid7 Inc
    • Smartbear Software
    • Tata Consultancy Services
    • HCL Technologies Ltd
    • Novacoast, Inc
    • Happiest Minds Technologies
    • Rapidvalue Solutions
    • Saksoft Limited
    • Trustwave Holdings
    • Apica System
    • Ixia
    • Beyond Security
    • Afour Technologies Pvt Ltd
    • Praetorian

    Market Dynamics

    Growing Application in the IT and Telecom Sector

    The global IoT testing market is driven by the growing application of IoT testing in the IT and telecommunication industry. IoT is an essential component of the industry, as it helps improve data management, along with enhancing the performance of the network that an enterprise uses.

    Moreover, it is important to monitor the IoT devices’ performance levels to meet customer demand, resulting in better operation capability for the enterprise. These factors are likely to boost market growth in the upcoming years. In addition to this, IoT testing helps ensure the reliability of services, which is expected to be a key driving factor for the market. IoT testing ensures complete coordination between hardware and software components throughout the network via real-time intelligence, which will propel the market growth in the coming years.

    Use of microservices for the development of IoT applications

    Microservices are the emerging trend in business applications, as they offer better agility and higher operational efficiency for enterprises during the development and testing of IoT applications. Microservices give a platform for developing IoT applications, enhance the productivity of applications at a stunning rate, and help in the fast delivery of applications; thereby improving the flexibility, availability, reliability, and scalability of enterprise applications.

    Moreover, it also helps to decrease the time to market and shorten the software development life cycle of IoT applications. Microservices are mainly driven by the need for speed and agility. IoT applications that support microservices are easier to deploy and offer distinguished experiences to specific users, devices, or use cases.

    So, testing of the microservices based on developed IoT applications is a critical concern that needs to be addressed by enterprises to improve operational efficiency. In this scenario, IoT testing services play a crucial role to address this issue, which helps to test and monitor sophisticated IoT applications.

    IoT testing service providers offer automated and reliable testing tools and solutions to test the usability, functionality, performance, compatibility, and security of IoT applications. The traditional monolithic applications are complex in nature as well as less reliable and scalable. Thus, many companies are increasingly adopting microservices for the agile development of IoT applications and to streamline their business operations.

    Segment Analysis

    IoT Testing Types Insights

    Functional testing of IoT covers the testing of devices’ interaction, error handling, valid calculation, and basic device testing required for IoT application performance. Performance testing in IoT is conducted for performance validation of IoT devices and applications, interrupt testing, data transmission frequency between an IoT device and application, multiple request handling performed by smart devices, and synchronization between the IoT device and application.

    Network testing in IoT validates the working of IoT applications with heterogeneous networks and ensures synchronization of applications with various networking protocols to ensure consistent connectivity across the IoT platform. Security testing provides comprehensive insights into security vulnerabilities present in IT infrastructures and IoT applications, which help to secure the IoT ecosystem from zero-day attacks, advanced persistent threats, and other cyber threats.

    In the IoT space, compatibility testing covers a comprehensive test of different combinations of sensors, devices, applications, platforms, and protocols. Usability testing evaluates an IoT application with the respective user to discover any usability issue, collects qualitative & quantitative data, and verifies the user satisfaction with the application.

    Professional IoT Testing Services to Boost the Growth of the Market.

    Based on service, the professional services segment accounts for a notable share of the market size and is expected to register a healthy growth rate during the forecast period. Professional IoT testing services help enhance different operations by offering expertise in compatibility, scalability, pilot, and regulatory testing for large enterprises, data centers, and various others.

    During the forecast period, the increasing trend of professional IoT testing services outsourcing by enterprises of all scales is likely to drive market growth. Furthermore, this segment’s growth will also be aided by the need for training and hiring of employees, especially for the role of IoT testing, which helps a company save significant amounts of time and money.

    North America Accounts for the largest market share in 2021.

    The growth of the market in North America is driven by the fast expansion of the IT sector, coupled with the growing penetration of IoT technology. This region dominates with well-established, and sustainable economies, empowering them to easily invest in R&D activities, thereby contributing to the advancement of new technologies such as IoT, DevOps, big data, and mobility.

    Want to know which region offers the best growth opportunities? Register Here.

    This has impacted the growth of the market extensively. Enterprises are also willing to involve IoT technologies in their processes, which has resulted in high adoption of IoT testing services significantly. The APAC region has always been a lucrative market and is expected to register the highest growth rate during the forecast period.

    Segmentation

    This report studies the market covering a period of 12 years of trend and forecast. The report provides detailed insights into the market dynamics to enable informed business decision-making and growth strategy formulation based on the opportunities present in the market.

    The market is segmented into the following categories:

    By Testing Type

    • Functional Testing
    • Performance Testing
    • Network Testing
    • Security Testing
    • Compatibility Testing
    • Usability Testing 

    By Service Type

    • Managed Services
    • Professional Services 

    By Application Type

    • Smart Building and Home Automation
    • Capillary Networks Management
    • Smart Utilities
    • Vehicle Telematics
    • Smart Manufacturing
    • Smart Healthcare

    By Region

    • North America (Country Analysis: The USA, Canada, and Mexico)
    • Europe (Country Analysis: Germany, France, The UK, Russia, and the Rest of Europe)
    • Asia-Pacific (Country Analysis: China, India, Australia, South Korea, and Rest the of Asia-Pacific
    • Rest of the World (Country Analysis: Saudi Arabia, Brazil, and Others).

    Research Methodology

    This report offers high-quality insights and is the outcome of a detailed research methodology comprising extensive secondary research, rigorous primary interviews with industry stakeholders, and validation and triangulation with Stratview Research’s internal database and statistical tools.

    More than 1,000 authenticated secondary sources, such as company annual reports, fact books, press releases, journals, investor presentations, white papers, patents, and articles, have been leveraged to gather the data.

    We conducted more than 15 detailed primary interviews with the market players across the value chain in all four regions and industry experts to obtain both qualitative and quantitative insights.

    Report Features

    This report provides market intelligence in the most comprehensive way. The report structure has been kept such that it offers maximum business value. It provides critical insights into the market dynamics and will enable strategic decision-making for the existing market players as well as those willing to enter the market.

    What Deliverables Will You Get in this Report?

    Key questions this report answers

    Relevant contents in the report

    How big is the sales opportunity?

    In-depth analysis of the IoT testing market

    How lucrative is the future?

    The market forecast and trend data and emerging trends

    Which regions offer the best sales opportunities?

    Global, regional, and country-level historical data and forecasts

    Which are the most attractive market segments?

    Market segment analysis and Forecast

    Which are the top players and their market positioning?

    Competitive landscape analysis, Market share analysis

    How complex is the business environment?

    Porter’s five forces analysis, PEST analysis, Life cycle analysis

    What are the factors affecting the market?

    Drivers & challenges

    Will I get the information on my specific requirement?

    10% free customization

    Customization Options

    With this detailed report, Stratview Research offers one of the following free customization options to our respectable clients:

    Company Profiling

    • Detailed profiling of additional market players (up to three players)
    • SWOT analysis of key players (up to three players)

    Competitive Benchmarking

    • Benchmarking of key players on the following parameters: product portfolio, geographical reach, regional presence, and strategic alliances

    Custom Research: Stratview Research offers custom research services across the sectors. In case of any custom research requirement related to market assessment, competitive benchmarking, sourcing and procurement, target screening, and others, please send your inquiry to sales@Stratviewresearch.com.

    Recent Developments

    • In November 2022, Infosys BPM, in collaboration with IBM, launched state-of-the-art center of AI and automation in poland to bring digital excellence to enterprises globally.
    • In May 2022, SAP and HCL Technologies partnered to accelerate Industry 4.0 driven smart IoT technologies.

    Frequently Asked Questions (FAQs)

    The market is expected to grow at a CAGR of 30.4% during 2022-2028.

    The market size is estimated to grow from USD 1.15 billion in 2021 to USD 7.20 billion by 2028.

    The major players operating in the global IoT Testing market are Cognizant Technology Solutions Corporation, Capgemini S.A, Infosys Limited, Rapid7 Inc, Smartbear Software, Tata Consultancy Services, HCL Technologies Ltd, Novacoast, Inc, Happiest Minds Technologies, Rapidvalue Solutions, Saksoft Limited, Trustwave Holdings, Apica System, Ixia, Beyond Security, Afour Technologies Pvt Ltd, Praetorian.

    The growth of the IoT testing market in North America is driven by the fast expansion of the IT sector, coupled with the growing penetration of IoT technology. This region dominates with well-established, and sustainable economies, empowering them to easily invest in R&D activities, thereby contributing to the advancement of new technologies such as IoT, DevOps, big data, and mobility.

    The global IoT testing market is driven by the growing application of IoT testing in the IT and telecommunication industry. IoT is an essential component of the industry, as it helps improve data management, along with enhancing the performance of the network that an enterprise uses. Moreover, it is important to monitor the IoT devices performance levels to meet customer demand, resulting in better operation capability for the enterprise.

    The study period of the market is 2016-2028.