IoT Testing Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028

IoT Testing Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028

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.

Key Questions Answered in This Report:

What was the size of the global IoT testing market in 2022?

What is the expected growth rate of the global IoT testing market during 2023-2028?

What are the key factors driving the global IoT testing market?

What has been the impact of COVID-19 on the global IoT testing market?

What is the breakup of the global IoT testing market based on the testing type?

What are the key regions in the global IoT testing market?

Who are the key players/companies in the global IoT testing market?