What Is The Current and Historic Market Size Analysis Of IoT Testing Market?
The iot testing market has seen considerable growth due to a variety of factors.
• The size of the IoT testing market has witnessed significant expansion in recent times. It is projected to increase from $1.61 billion in 2024 to $2.17 billion in 2025, maintaining a compound annual growth rate (CAGR) of 34.5%.
The prior period's growth can be traced back to factors such as the variety in the device ecosystem, an upsurge in the complexity of IoT solutions, the existence of industry standards and compliance, heightened security concerns, and demand for quality assurance.
What is the Market Size Forecast for the IoT Testing Market?
The iot testing market is expected to maintain its strong growth trajectory in upcoming years.
• The market size of IoT testing is predicted to witness tremendous expansion in the upcoming years. The valuation is set to reach $6.75 billion by 2029 with a compound annual growth rate (CAGR) of 32.9%.
This anticipated growth during the forecast period can be ascribed to the scale of IoT deployments, incorporation with AI and ml, emphasis on edge computing, changing connectivity standards, and continuous deployment approaches. Dominant trends during the forecast period encompass challenges of edge computing testing, continuous testing in devops, the growth of test automation, compliance, and regulatory testing, as well as AI and ml being implemented in testing.
Which Drivers Are Accelerating Growth In The IoT Testing Market?
The increasing usage of IoT (Internet of Things) devices necessitates testing, which in turn propels the IoT testing market's growth. IoT refers to a network of interconnected devices that can be operated via the internet. It incorporates a wide variety of gadgets and applications, including smart watches, refrigerators, air conditioning systems, locking mechanisms, infrastructure, and healthcare products. To assure their connectivity, performance, usability, and security, testing these devices is crucial. Gartner projections indicate the number of IoT devices in operation will surpass 20 billion by 2026. This burgeoning usage of IoT devices will positively impact the advancement of the IoT testing market.
What Are The Major Segments Within The IoT Testing Market?
The IoT testing market covered in this report is segmented –
1) By Testing Type: Functional Testing, Usability Testing, Security Testing, Compatibility Testing, Performance Testing, Network Testing
2) By Testing Tools: Software Tools, Hardware Tools
3) By Applications: Connected Cars, Smart Appliances, Smart Energy Meters, Wearable Devices, Smart Healthcare Devices
Subsegments:
1) By Functional Testing: Device Functionality Testing, Firmware Testing, Sensor And Actuator Testing
2) By Usability Testing: User Interface Testing, User Experience Testing, Accessibility Testing
3) By Security Testing: Vulnerability Assessment, Penetration Testing, Data Security Testing
4) By Compatibility Testing: Device Compatibility Testing, OS And Platform Compatibility, Cross-Browser Compatibility
5) By Performance Testing: Load Testing, Stress Testing, Scalability Testing
6) By Network Testing: Connectivity Testing, Bandwidth And Latency Testing, Network Protocol Testing
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Which Trends Are Expected To Transform The IoT Testing Market?
The trend in the IoT testing market is the introduction of virtualization for IoT test automation. Traditional testing methods face certain obstacles such as difficulties with scalability for interconnected devices, maintenance issues, problems in unit level code verification, and delivering high-performance. These issues can be mitigated through the use of virtualization in test automation. This technology aids in the simulation of hardware and software, aligning dependencies with real-world behaviour to deliver accurate test results. As a result, the testing process is accelerated, and less effort is required. There are several components involved, such as sensor, API, and service virtualization, each playing a unique role. Ericsson, for instance, conducted an automation test in their office with 879 devices like window sensors, lights, and occupancy sensors to showcase their Bluetooth mesh under system level simulator abilities.
Who Are the Key Players in the IoT Testing Market?
Major companies operating in the IoT testing market include:
• Apica
• Beyond Security
• Bitbar
• Capgemini
• Cognizant
• Device Insight GmbH
• Happiest Minds Technologies
• HCL Technologies
• Hexaware Technologies
• Infosys Limited
• Keysight Technologies
• LambdaTest
• Oracle Corporation
• Parasoft
• Praetorian
• QualityLogic
• Rapid7
• Rohde & Schwarz Cybersecurity GmbH
• Sauce Labs
• SmartBear Software
• Spirent Communications
• TATA Consultancy Services
• Testrig Technologies
• Thales Group
• Trustwave Holdings
• Viavi Solutions
• Wipro Limited
• Worksoft
• XS Matrix
• Zephyr
What Is The Most Dominant Region In The IoT Testing Market?
Asia-Pacific was the largest region in the IoT testing market in 2024. Asia-Pacific is expected to be the fastest-growing region in the global IoT testing market share report during the forecast period. The regions covered in the IoT testing market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
