Global Internet of Things (IoT) Testing Market- Industry Analysis and Forecast (2020-2027)
Global Internet of Things (IoT) Testing Market was valued US$ XX Bn in 2019 and is expected to reach US$ XX Bn by 2027, at a CAGR of 35.10 % during a forecast period.
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An Internet of Things is becoming the biggest software development and testing opportunity. It also brings new things to the table in terms of testing requirement like a few unusual device types , which includes home appliances, watch sensors etc. The security, privacy and trust are critical conditions for the massive deployment of IoT systems and related technologies.
Global Internet of Things (IoT) Testing Market, Dynamics:
Internet of things represents a technology ,where connected devices are delivered with proper intelligence to communicate with each other without any human intervention. The number of IoT-enabled devices increases and the requirement for effective IoT deployments are expected to grow to guarantee proper interoperability and reliability. The development in operational excellence is one of the primary drivers behind investments in business process improvements.
An integration of IoT, IIoT, cloud computing, and big data analytics are some of the key technologies in the IT infrastructure. An organization are requiring to focus on to achieve operational excellence and systems can bring significant advantages to organizations like cost-cutting, risk reduction, improved service reliability, downtime elimination with real-time theft detection and enhanced performance of the system.On the other hand, lack of universal technology standard for the testing of IoT devices is expected to limit the global internet of things (IoT) testing market growth during the forecast period.
Global Internet of Things (IoT) Testing Market, Segment Analysis:
IoT is a network of different connected devices with various applications installed in them. These applications have many dependencies on various components and services while they are being developed. IoT Testing infrastructure provides real-time testing of data, security, reliability, compatibility, usability, and upgrade in smart devices. Virtualization for IoT helps in simulating hardware and software elements for testing the application with realistic data scenarios up to the required scale. It allows performing test automation more quickly and with less risk.
Managed IoT testing service providers see emerging technology as a significant source of business opportunity for the next couple of years. Among managed IoT testing services, the security testing will have a more significant market share than other testing services. Increase adoption of smart cities concepts have evolved the great potential of IoT in the energy and utilities, waste management, and infrastructure. The investment in IoT enabled infrastructure is expected to accentuate the demand for security testing services for those assets, which will further foster the demand for managed services in these sectors.
Global Internet of Things (IoT) Testing Market, Regional Analysis:
North America region held the dominant postion in 2019 and is projected to continue its dominance during the forecast period. The dominant position in the market is attributed to the presence of the well-established economies, high invest in R&D activities. An introduction of innovative technologies like IoT, Big Data, DevOps, and mobility are expected to drive the regional growth. A number of consumers are embracing the smart home environment in the United States. According to the reserch analysis, nearly about 66% of households in North America are possessing at least one IoT device. Despite the technologies are increasingly on the radar of hackers, the level of security of these smart homes are enhnacing as well. An increase in adoption of IoT is expcted to increase the demand for testing services market across the region.
Global Internet of Things (IoT) Testing Market, Competitive Analysis:
The Internet of things testing solution providers are focusing on forming a point of difference among their competitors to maintain their position in the competitive landscape of the global market. Some of the prominent key players are expanding their offerings through investments in new product development , which are backed by research and development spending. For instance, in 2019, Arm and Vodafone declared a strategic agreement for internet of things (IoT) deployment, which will reduce complications and costs faced by organizations. The partnership is expected to bring the Vodafone IoT global platform and connectivity, and help to deliver programmable and connected system on chip designs to enterprises.
The objective of the report is to present a comprehensive analysis of the Global Internet of Things (IoT) Testing Market including all the stakeholders of the industry. The past and current status of the industry with forecasted market size and trends are presented in the report with the analysis of complicated data in simple language. The report covers all the aspects of the industry with a dedicated study of key players that includes market leaders, followers and new entrants by region. PORTER, SVOR, PESTEL analysis with the potential impact of micro-economic factors by region on the market has been presented in the report. External as well as internal factors that are supposed to affect the business positively or negatively have been analyzed, which will give a clear futuristic view of the industry to the decision-makers.
The report also helps in understanding Global Internet of Things (IoT) Testing Market dynamics, structure by analyzing the market segments and projects the Global Internet of Things (IoT) Testing Market size. Clear representation of competitive analysis of key players by Application, price, financial position, Product portfolio, growth strategies, and regional presence in the Global Internet of Things (IoT) Testing Market make the report investor’s guide.
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Global Internet of Things (IoT) Testing Market, By Testing Type
• Functional Testing
• Performance Testing
• Network Testing
• Security Testing
• Compatibility Testing
• Usability Testing
Global Internet of Things (IoT) Testing Market, By Service Type
• Managed Services
• Professional Services
Global Internet of Things (IoT) Testing Market, By Application
• Smart Building and Home Automation
• Capillary Networks Management
• Smart Utilities
• Vehicle Telematics
• Smart Manufacturing
• Smart Healthcare
Global Internet of Things (IoT) Testing Market, By Region
• North America
• Europe
• Asia Pacific
• Middle East & Africa
• South America
Key players operating in Global Internet of Things (IoT) Testing Market
• Cognizant Technology Solutions Corporation
• Infosys Limited
• Capgemini S.A.
• Rapid7 Inc.
• Smartbear Software
• Tata Consultancy Services
• HCL Technologies Ltd.
• Happiest Minds Technologies
• Rapidvalue Solutions
• Saksoft Limited
• Apica System
• Novacoast, Inc.
• Trustwave Holdings
• Ixia
• Beyond Security
• Afour Technologies Pvt Ltd.
• Oracle Corporation
• Keysight Technologies
• Intel Corporation
• Cisco Systems
• SAP SE, Inc.
• International Business Machine Corporation
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