In this rapidly changing and technologically developing environment, internet of things are ever increasing. The market trend towards the Internet of things (IoT) is driving the Internet of things (IoT) testing market. The study indicates that due to rapid increase in internet of things it is becoming increasingly fragmented which as a result increases the need for internet of things testing.
The study indicates that internet of things (IoT) testing provide an integrated approach to validate the functional and non-functional requirements of IoT solutions which helps in future proofing of business using performance testing. This results in the increase of Internet of Things (Iot) Testing Market. The internet of things (IoT) testing has few challenges to overcome. The challenges include dynamic environment, real-time complexity, scalability of system, safety concerns, privacy issues, hardware quality, network availability, complex use cases and others.
The recent industry news says that Frost & Sullivan has recently recognized Keysight technologies with the 2016 Global Frost & Sullivan Company of the year award based on its recent analysis of test and measurement (T&M) industry for internet of things. (IoT).
The Internet of things (IoT) testing Market is growing rapidly over 33% of CAGR and is expected to reach at USD 1708 million by the end of forecast period.
The prominent players in the Internet of Things (IoT) Testing market are 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.) among others
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Geographically, North America is expected to dominate the Internet of Things (IoT) Testing market during the forecast period 2016-2022 followed by Europe. The North America market further classified into its major countries U.S., Canada and Mexico. The companies in the region is focusing in increasing their production and improving their distribution network. Also, increasing demand of handheld devices in smart control system of factory automation is expected to propel the market growth of Internet of Things (IoT) Testing in the region. Asia-Pacific is expected to be the fastest growing market in Internet of Things (IoT) Testing market due to growing demand of Internet of Things (IoT) Testings in oil& gas and construction industry in the region. Also, rising need of handheld devices and electronic systems is expected to fuel the growth of Internet of Things (IoT) Testing market in the region by the end of 2022.
Internet of things (IoT) testing Market Segmentation
The Internet of Things (IoT) Testing Market has been segmented on the basis of testing type, testing tools and applications. Looking through the testing type segment it’s been observed that network connectivity testing is expected to dominate the Internet of things (IoT) testing market by the forecast period. The network testing focuses on testing of uplink and downlink speed of a network and responsiveness of the network connecting IoT application. The Internet of things (IoT) testing market would be dominated by Smart appliances application by the forecast period.
Market Research Analysis:
Regional analysis for Internet of things (IoT) testing market is studied in different geographic regions as Americas, Europe, Asia-Pacific and Rest of world. It has been observed that North America region would account for larger share in Internet of things (IoT) testing market. It has been observed that North America region has high adoption of internet of things and higher technology developments which has resulted in the growth of Internet of things (IoT) testing market. The study reveals that Asia-Pacific region is expected to have a significant growth in Internet of things (IoT) testing market by the forecast period. The growing internet of things penetration has increased investments in innovation by Asia-Pacific region is expected to give a boost to Internet of things (IoT) testing market in this region.
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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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