Internet of things is a network technology where devices in an enterprise are connected and embedded with systems such as sensors and software for facilitating the exchange of data. Internet of things, commonly known as IoT, is the latest innovation and has already penetrated most of the industry domains. With the rise in the use of technology, the demand for testing solutions to ensure operational efficiency has been gaining momentum. In this report by Market Research Future (MRFR), the global Internet of Things Testing Market is assessed on segmental and regional basis. It unveils that the global market is set to strike 33% CAGR during the assessment period 2016 to 2022 and is estimated to earn revenue worth USD 1708 Mn by the end of the forecast period.
The rising investments in IP testing are likely to propel the expansion of the Internet of Things (IoT) testing market in the nearby future. In addition, rising installation of connected devices is anticipated to support the growth pace of the market across the review period. The technology has been witnessing constant developments. It is poised to drive the proliferation of the Internet of Things (IoT) testing market over the next couple of years. The tests for IoT are also developed for different requirements, such as compatibility testing, performance testing, etc. It is anticipated to unleash growth opportunities for the market players.
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Cognizant (U.S.), Infosys (India), Keysight Technologies (U.S.), HCL Technologies (India), TCS (India), Happiest Minds Technologies (India), Capgemini (France), AFour Technologies (U.S.), Rapid Value Solutions (U.S.), SmartBear Software (U.S.), and Rapid7 (U.S.) are few of the major players of the global Internet of Things (IoT) testing market. These players are forecasted to intensify investments in technological developments for staying ahead of the curve. In addition, the focus on the expansion of global footprints by key players is poised to catalyze competitiveness among the players of the Internet of Things (IoT) testing market in the forthcoming years.
Global Internet of Things (IoT) Testing Market – Segmentation
- By solution & services, the Internet of Things (IoT) testing market has been segmented into professional services, network intelligence solutions, and managed services.
- By deployment, the Internet of Things (IoT) testing market has been divided into cloud and on-premise.
- On the basis of organization size, the global Internet of Things (IoT) testing market is divided into large enterprise and SME business.
- Based on end-user, the Internet of Things (IoT) testing market has been segmented into BFSI, cloud service provider, CSP, healthcare, and government.
The regional analysis of the global Internet of Things (IoT) testing market is done on both regional and country-level basis. The regions studied in this report are – North America, Asia Pacific (APAC), Europe, and the Rest of the World (RoW). North America is likely to hold a prominent position in the global market place owing to the rising number of connected devices in the region. The growth of the IT industry in the region is presumed to drive the expansion of the Internet of Things (IoT) testing market over the next few years. Europe is poised to exhibit a healthy growth rate across the forecast period. The growth of the regional Internet of Things (IoT) testing market can be accredited to the rising adoption of advanced technologies across industries. Asia Pacific is also anticipated to exhibit rapid developments in the foreseeable future. The growth of the end-user industries in Asia Pacific is likely to lead the proliferation of the Internet of Things (IoT) testing market across the assessment period.
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- Technology investors
- Key market innovators
- Hardware vendors
- Regulatory agencies
- IoT testing providers
- IoT service providers
- Communication service providers
- Quality assurance providers
- IoT platform providers
- Third-party system integrators
- Application providers
- Research/Consultancy firms
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