IoT Testing Market Size, Industry Analysis Report, Regional Outlook, Application Development Potential, Price Trend, Competitive Market Share & Forecast, 2020 - 2026
Report ID: GMI3793
IoT Testing Market size is predicted to witness substantial CAGR in the coming years driven by rapid demand for managing advanced IoT applications. The recent applications of IoT testing are wearables such as smartwatches, smart clothes, smart homes, and smart cities. IoT devices draw nanoamps of current even on sleep mode and may draw tens of milliamps while processing or communicating information on the active mode. This requires advanced test systems to measure the power performance of the devices in order to deliver accurate information. Moreover, there are several benefits of the IoT testing market as it ensures that the customers receive best-in-class user experience across multiple channels and offers an integrated approach to validate the practical and non-functional requirement of IoT solutions. It also ensures interoperability, performance testing, and security.
The ever-growing applications across several industry sectors including manufacturing, BFSI, retail, healthcare, etc. that are being frequently developed are continually expanding the IoT landscape. Such applications are needed to be continuously and thoroughly tested before being implemented in the smart infrastructure. Therefore, quality assurance becomes critical as it demands to test the hardware, software, and connectivity technology, ensuring the transmission of huge amounts of data and fueling the IoT testing market size.
The major challenges of the IoT testing market are complex use-cases & real-time responsiveness, huge number of IoT protocols to test including MQTT, XMPP, CoAP, etc. diversity in devices and applications, and others. Every IoT device has its own hardware, software, and related applications. As there are several variants of hardware & software along with different firmware and operating system, it becomes difficult to test all possible combinations in the IoT ecosystem. Moreover, the security of most devices in the currently vulnerable IoT ecosystem has become a huge challenge to the market as the testing for such threats & security loopholes is a critical operation and requires huge technical expertise.
The IoT testing market is segmented based on the testing types, functional, performance, network, compatibility, usability, and security testing. The network testing segment is rapidly growing as it analyzes the nature and working of IoT devices ensuring application synchronization with all network protocols to guarantee unified connectivity across the platform. Compatibility testing is used to check whether the software system is capable of running different hardware, operating systems, network environments, and mobile devices.
The segmentation of the IoT testing market is based on IoT testing tools comprising hardware and software tools. Software tools are experiencing a lucrative growth with the ever-growing demand to implement them in the IoT ecosystem. Wireshark is an open source application that monitors the traffic in interface, source, and destination address. Hardware tools in the market are growing gradually. These tools include JTAG dongle, digital storage oscilloscope, and software defined radio.
The application of IoT testing market includes smart healthcare, smart manufacturing, vehicle telematics, smart utilities, capillary networks management, and smart building & home automation. The smart manufacturing sector is likely to hold the largest market share in the market over the forecast period. The testing of smart manufacturing systems involves automated & efficient manufacturing tests including a wireless tester. IoT testing in this segment is done to augment productivity and manufacturing efficiency.
North America dominates the IoT testing market due to the huge market for connected devices. Other major factors creating the demand are the development of technologies such as big data, AI, etc. Moreover, the presence of several companies operating in the IoT industry in the region creates huge potential for the players in the testing space to capture the opportunity by offering several advanced hardware & software tools for application and device testing. Asia Pacific is among the highest growing regions for the market due to the rise in the adoption of connected devices and efforts of governments to develop smart infrastructure.
The IoT testing market includes vendors such as Infosys Ltd., HCL Technologies, Tata Consultancy Services, Capgemini, SmartBear Software, Cognizant, Keysight Technologies, Rapid value Solutions, AFour Technologies, Happiest Minds Technologies, IXIA, Apica Systems, Saksoft Ltd., Trustwave Holdings, and Navacoast Inc. The strategies adopted by some companies for their growth in the industry are mergers, acquisitions, and partnership along with new product developments to create a huge revenue stream.
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