Internet of Things Testing Market - Global Industry Analysis, Size, Share, Trends, Analysis, Growth, and Forecast 2017 - 2025

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Global Internet of Things Testing Market: Overview

The concept of the Internet of things (IoT) promises to be a boon for a number of sectors, primarily aiding to improving the means by which things are done, enhance communication modes, and offer radically better ways of computing. With growing ubiquity of smartphones and other connection-compatible devices, the IoT has the potential to affect our everyday activities and work seamlessly with digital ecosystems. With IoT, machine-to-machine (M2M) communication can be achieved to check of the efficiency on the real-time, develop multiple protocols on top of each other, develop and harness new technologies such as embedded systems, cloud computing, and big data, and support concepts of smart living things. Consequently, the demand in the global Internet of things testing market is projected to multiply at a highly impressive CAGR during the forecast period of 2017 to 2025.

Global Internet of Things Testing Market: Key Trends

Enterprises across the world are resiliently looking for methods to add flexibility to their infrastructure and find more efficient ways to develop, test, and manage their applications. While there are various software and services that aid in planning, co-ordination, and implementation, there remains a need for an automated testing tool that can examine IoT application at every node and make sure that the performance is optimum. In addition to that, the rapid adoption of mobile apps by various companies to manage their end users is already turning into a strong market for IoT testing to justify mobile devices for their performance, functionalities, usability, and security.

Some of the other key factors augmenting the demand in the global Internet of things are: advent of microservices, which is inspiring the development of improved IoT applications, growing need for IP testing owing to increasing number of IoT devices, increasing importance of DevOps, growing demand for the shift left testing of IoT applications, and growing usage of API monitoring. On the other hand, data security concerns, need to destroy older versions of apps, lack of a consistent standard for interoperability and interconnectivity, need to test every possible input or variable, issues pertaining to scalability of the systems and applications, and other operational challenges are obstructing the market from attaining its true peak.

Global Internet of Things Testing Market: Market Potential

The emerging concept of software defined application platforms and controllers, advent of aligned management strategies that is promoting organizations to formulate strategic initiatives, and growing usage of these testing processes for service virtualization will open new revenue avenues of the vendors of this market.

Based on testing type, the global IoT testing market can be segmented into performance testing, functional testing, security testing, network testing, usability testing, and compatibility testing. On the basis of service, this market can be bifurcated into professional services and managed services. Application-wise, the market for IoT testing can be classified into capillary networks management, smart building and home automation, vehicle telematics, smart utilities, smart healthcare, and smart manufacturing.

Global Internet of Things Testing Market: Regional Outlook

The developed country of the U.S. has a strong adoption rate of new technologies and a number of pioneer companies of the IoT testing market come from this country. These two factors will ensure North America remains the most profitable region for the vendors of the global Internet of things testing market.

Global Internet of Things Testing Market: Competitive Landscape

HCL, Infosys, SmartBear Software, Capgemini, TCS, and Cognizant are some of the key companies currently ahead of the curve in the global IoT testing market.

The study presents reliable qualitative and quantitative insights into:

  • Market segments and sub-segments
  • Market trends and dynamics
  • Supply and demand chain of the market
  • Market valuation (revenue and/or volume)
  • Key trends/opportunities/challenges
  • Forces defining present and estimated future state of the competitive landscape
  • Technological developments
  • Value chain and stakeholder analysis

The regional analysis covers:

  • North America
  • Latin America
  • Europe
  • Asia Pacific
  • Middle East and Africa

The vast market research data included in the study is the result of extensive primary and secondary research activities. Surveys, personal interviews, and inputs from industry experts form the crux of primary research activities and data collected from trade journals, industry databases, and reputable paid sources form the basis of secondary research. The report also includes a detailed qualitative and quantitative analysis of the market, with the help of information collected from market participants operating across key sectors of the market value chain. A separate analysis of macro- and micro-economic aspects, regulations, and trends influencing the overall development of the market is also included in the report.

Highlights of the report:

  • A detailed analysis of key segments of the market
  • Recent developments in the market’s competitive landscape
  • Detailed analysis of market segments up to second or third level of segmentation
  • Historical, current, and projected future valuation of the market in terms of revenue and/or volume
  • Key business strategies adopted by influential market vendors
  • Outline of the regulatory framework surrounding and governing numerous aspects of the market
  • Growth opportunities in emerging and established markets
  • Recommendations to market players to stay ahead of the competition

Note: Immense care has been taken to present data with the highest levels of accuracy in all TMRResearch reports. Nevertheless, recent developments related to market/vendor landscape may take time to reflect in the analysis.

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