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The IoT Testing Market is Segmented by Type (Security Testing, Performance Testing, Usability Testing), Service (Professional, Managed), End-user Industry (IT and Telecommunication, Industrial, Healthcare), and Geography.
Fastest Growing Market:
The IoT Testing market was valued at USD 781.96 billion in 2019 and is expected to reach USD 3624.23 billion by 2025, at a CAGR of 32.34% over the forecast period 2020 - 2025. The use of IoT testing using innovative technologies has led to the increasing use of different types of testing tools for various purposes, and the market is estimated to grow at a faster rate during the forecast period.
With the IoT gaining prevalence, the world is becoming increasingly connected and several companies providing IoT testing services are emerging in the market space. The study on the IoT testing market was based on the testing types, services, and end-user industries, including retail, manufacturing, healthcare, energy, and utilities. The scope of the study includes the key regions, such as the North America, Europe, and Asia-Pacific, in addition to Latin America and Middle East & Africa.
|Energy and Utilities|
|Other End-user Industries|
|Middle East & Africa|
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The IoT testing market is moderately competitive and consists of a few major players. In terms of market share, some of the players currently dominate the market. However, the IoT testing solution providers are focusing on creating a point of difference among their competitors to sustain in the competitive landscape of the global market. Several players are expanding their offerings through investments in new product development backed by research and development spending.
May 2019 - Keysight Technologies Inc. has launched the next generation of network analyzers, E5080B, P50xxA Series, and M980xA Series, which deliver reliability and repeatability with best-in-class dynamic range and has a wide range of software applications, enabling engineers to consistently achieve comprehensive device characterization
April 2019 - Beyond Security and Ubiquitous AI Corporation, U.S. based Security testing company, collaboratively developed and launched BeStorm X, which is a vulnerability verification tool designed primarily to test IoT devices. The tool is an amalgamation of Beyond Security's BeStorm version 7.6.8 and UAC's IoT technologies.
1.1 Study Assumptions and Market Definition
1.2 Scope of the Study
2. RESEARCH METHODOLOGY
3. EXECUTIVE SUMMARY
4. MARKET DYNAMICS
4.1 Market Overview
4.2 Market Drivers
4.3 Market Restraints
4.4 Porter's Five Forces Analysis
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Consumers
4.4.3 Threat of New Entrants
4.4.4 Threat of Substitutes
4.4.5 Intensity of Competitive Rivalry
4.5 Value Chain / Supply Chain Analysis
5. MARKET SEGMENTATION
5.2 End-user Industry
5.2.4 Energy and Utilities
5.2.5 Other End-user Industries
5.3.1 North America
5.3.4 Latin America
5.3.5 Middle East & Africa
6. COMPETITIVE LANDSCAPE
6.1 Company Profiles
6.1.1 IBM Corporation
6.1.2 Apica AB
6.1.3 Afour Technologies Inc.
6.1.4 Happiest Minds Technologies Pvt. Ltd
6.1.5 RAPIDVALUE SOLUTIONS
6.1.6 Praetorian Group Inc.
6.1.7 Saksoft Limited
6.1.8 Keysight Technologies Inc
6.1.9 Novacoast Inc.
6.1.10 Trustwave Holdings Inc. (Singtel)
7. MARKET OPPORTUNITIES AND FUTURE TRENDS