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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 665.47 million in 2019 and is expected to reach USD 3212.10 million by 2025, at a CAGR of 30% 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 scope of the market includes security systems, appliances, other emerging connected devices, and mobile apps, as well as computers, tablets, smartphones, and every connected device. The complex architecture of IoT systems and their unique characteristics make it mandatory to perform various types of testing across all system components.
|Data Integrity Testing|
|Reliability and Scalability Testing|
|IT and Telecommunication|
|Energy and Utilities|
|Other End-user Industry|
|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, with the advancement in IoT application, new players are increasing their market presence, thus expanding their business footprint across the emerging economies.
1.1 Study Deliverables
1.2 Study Assumptions
1.3 Scope of the Study
2. RESEARCH METHODOLOGY
3. EXECUTIVE SUMMARY
4. MARKET DYNAMICS
4.1 Market Overview
4.2 Market Drivers
4.2.1 Increasing Scalability in IoT System and Applications
4.2.2 Rising Demand for IP Testing due to Rising Application of IoT Devices
4.3 Market Restraints
4.3.1 Lack of Proper Standardization
4.4 Industry Attractiveness - Porter's Five Forces Analysis
4.4.1 Threat of New Entrants
4.4.2 Bargaining Power of Buyers/Consumers
4.4.3 Bargaining Power of Suppliers
4.4.4 Threat of Substitute Products
4.4.5 Intensity of Competitive Rivalry
4.5 Technology Snapshot
5. MARKET SEGMENTATION
5.1 By Type
5.1.1 Data Integrity Testing
5.1.2 Functional Testing
5.1.3 Security Testing
5.1.4 Performance Testing
5.1.5 Usability Testing
5.1.6 Reliability and Scalability Testing
5.2 By Service
5.3 End-user Industry
5.3.1 IT and Telecommunication
5.3.5 Energy and Utilities
5.3.6 Other End-user Industry
5.4.1 North America
5.4.4 Latin America
5.4.5 Middle East & Africa
6. COMPETITIVE LANDSCAPE
6.1 Company Profiles
6.1.1 HCL Technologies Limited
6.1.2 Afour Technologies Inc.
6.1.3 Trustwave Holdings Inc.
6.1.4 Happiest Minds Technologies Pvt Ltd
6.1.5 RapidValue IT Services Private Limited
6.1.6 Novacoast Inc.
6.1.7 Clarion Technologies Inc.
6.1.8 Cigniti Technologies Limited
6.1.9 Ixia (Keysight Technologies Inc.)
7. INVESTMENT ANALYSIS
8. MARKET OPPORTUNITIES AND FUTURE TRENDS