Global IoT Testing Market Overview 2023-2028

IMARC Group, a leading market research company, has recently releases report titled “IoT Testing Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028.” The study provides a detailed analysis of the industry, including the global IoT Testing Market share, size, trends, and growth forecasts. The report also includes competitor and regional analysis and highlights the latest advancements in the market.

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.

The Internet of Things (IoT) testing comprises a set of practices and processes that focus on ensuring the functionality, reliability, and security of IoT devices and systems. It involves assessing various aspects of IoT ecosystems, such as device functionality, data transmission, interoperability, and security. It plays an essential role in identifying vulnerabilities and potential security risks. It ensures that interconnected devices can communicate seamlessly, collect and transmit data accurately, operate without disruptions, and meet performance expectations under various conditions. It helps in safeguarding sensitive data and preventing potential breaches in an organization. It also helps organizations in meeting regulatory requirements and standards specific to their industry. It aids in verifying that data collected and transmitted by IoT devices is accurate and consistent. As it assists in reducing product recalls and warranty claims, the demand for IoT testing is increasing across the globe.

Global IoT Testing Market Trends and Drivers:

The rising demand for IoT testing due to the widespread adoption of IoT technologies across various industries represents one of the key factors impelling the growth of the market. Moreover, the increasing focus on data-centric testing to ensure data accuracy and consistency is strengthening the market growth. Apart from this, the growing awareness about the importance of IoT security testing to safeguard sensitive data and protect against breaches on account of the increasing number of cybersecurity threats is offering a favorable market outlook. In addition, the rising adoption of IoT testing due to the emergence of fifth generation (5G) connectivity is providing lucrative growth opportunities to industry investors. Additionally, the increasing need for specialized testing to verify complex functionalities in IoT devices is supporting the market growth. In line with this, the rising demand for compliance-focused IoT testing in the healthcare sector is contributing to the growth of the market. Furthermore, the integration of artificial intelligence (AI) and automation in IoT devices and networks requires advanced testing methods to validate functionality, which is propelling the market growth.

Global IoT Testing Market 2023-2028 Analysis and Segmentation:

Top Key Players covered in this report are: 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

The report segmented the market on the basis of region, 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

Key highlights of the report:

• Market Performance (2017-2022)
• Market Outlook (2023- 2028)
• Porter’s Five Forces Analysis
• Market Drivers and Success Factors
• SWOT Analysis
• Value Chain
• Comprehensive Mapping of the Competitive Landscape

If you need specific information that is not currently within the scope of the report, we can provide it to you as a part of the customization.

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