IoT Testing Market

Market Overview:

The global Internet of Things (IoT) testing market size reached US$ 2.1 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 14.4 Billion by 2028, exhibiting a growth rate (CAGR) of 34.2% during 2023-2028.

Internet of things (IoT) testing identifies underlying bugs in the internet of things (IoT) devices. It comprises usability, compatibility, reliability and scalability, data integrity, security, and performance testing. It ensures that each device executes its functions quickly while allowing the entire IoT network to collaborate and deliver efficient results. It helps evaluate the performance of IoT device app with the help of different performance metrics, such as database performance, load tolerance, IoT device app loading speed, throughput, efficiency, uptime, and data transfer rate. As a result, it finds extensive applications in the information and technology (IT), telecommunication, energy and utility, healthcare, retail, and manufacturing sectors.

IoT Testing Market Trends:

The growing utilization of microservices is resulting in the development of better IoT applications across the globe, which represents one of the key factors driving the market. Moreover, there is a rise in the demand for DevOps to increase the ability of an organization to deliver applications and services at high velocity compared to traditional software development. This, along with the rising adoption of ingress protection (IP) testing for enhanced IoT devices around the world, is propelling the growth of the market. In addition, there is an increase in the adoption of application programming interface (API) monitoring to gain visibility and evaluate the availability, performance, response, and functional correctness of various applications. This, coupled with the growing development of software-defined applications, is positively influencing the market. Besides this, the increasing employment of IoT testing for testing passwords and credentials as well as the data interface of IoT devices to reduce security breaches is offering lucrative growth opportunities to industry investors. Apart from this, various benefits offered by IoT testing, such as compatibility and usability of the interconnected devices, security of the network, connectivity, and overall performance of the system, is bolstering the growth of the market.

Key Market Segmentation:

IMARC Group provides an analysis of the key trends in each sub-segment of the global IoT testing market report, along with forecasts at the global, regional and country level from 2023-2028. Our report has categorized the market based on testing type, service type, deployment mode and application.

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 Region:

• 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
   

Competitive Landscape:

The competitive landscape of the industry has also been examined along with the profiles of the key players being 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.

Report Coverage: