Global Internet of Things (IoT) Testing Market – Industry Trends and Forecast to 2024
Market Analysis: Global Internet of Things (IoT) Testing Market
The Global Internet of Things (IoT) Testing market accounted for USD 324.2 million in 2016 growing at a CAGR of 36.2% during the forecast period of 2017 to 2024. The upcoming market report contains data for historic year 2014, 2015, the base year of calculation is 2016 and the forecast period is 2017 to 2024.
Market Definition: Global Internet of Things (IoT) Testing Market
Internet of Things (IoT) has been the most rapidly growing market in the last few years. The increasing software and devices in IoT has changed the scenario. This has generated demand to test IoT in order to make it work efficiently and effectively and ensuring high quality application. Stability and security are the main factors that are needed to ensure while testing IoT applications. Rising demand of development and operation may act as the major driver in the growth of internet of things (IoT) testing market. On the other side lack of consistency among standards for interconnectivity and interoperability may hamper the market.
Major Market Drivers & Restraints:
Rising importance of DevOps
Need for IP testing of rising IoT devices
API monitoring is set to play a crucial role
Need for shift left testing of IoT applications
Micro services driving the development of enhanced IoT applications
Dead apps pose a formidable restraint to enterprises
Lack of consistency among standards for interconnectivity and interoperability
Market Segmentation: Global Internet of Things (IoT) Testing Market
The global internet of things (IoT) testing market is segmented on the basis of testing type into functional testing, performance testing, network testing, security testing, compatibility testing, and usability testing.
On the basis of service type, the global internet of things (IoT) testing market is segmented into professional services, and managed services. The professional services segment is further sub segmented into business consulting services, platform testing services, device field testing services, mobile application testing service, device and application management service, training and support services.
On the basis of application, the global internet of things (IoT) testing market is segmented into smart building and home automation, capillary networks management, smart utilities, vehicle telematics, smart manufacturing, and smart healthcare.
On the basis of geography, the global internet of things (IoT) testing market report covers data points for 28 countries across multiple geographies such as North America, South America, Europe, Asia-Pacific, and Middle East & Africa. Some of the major countries covered in this report are U.S., Canada, Germany, France, U.K., Netherlands, Switzerland, Turkey, Russia, China, India, South Korea, Japan, Australia, Singapore, Saudi Arabia, South Africa, and Brazil among others. In 2017, North America is expected to dominate the market.
Company Share Analysis: Global Internet of Things (IoT) Testing Market
The report for internet of things (IoT) testing market include detailed vendor level analysis for market shares in 2016 for Global, North America, Europe, Asia Pacific, Middle East and Africa and South America specifically. Also impact and development analysis of key vendors is registered in the market and factored on the basis of Vendor Positioning Grid Analysis which measures the vendors strengths and opportunities against present market challenges, measure providers ability to identify or satisfy present market needs, map providers market vision to current and upcoming market dynamics among others. The report also measures technology life line curve and market time line to analyze and do more affective investments.
Major Market Competitors: Global Internet of Things (IoT) Testing Market
Some of the major players of the global internet of things (IoT) testing market are Cognizant, Infosys Limited, HCL Technologies Limited, Capgemini, Tata Consultancy Services Limited, Happiest Minds, AFour Technologies, SmartBear Software, RapidValue Solutions, Rapid7, and others.
Research Methodology: Global Internet of Things (IoT) Testing Market
Data collection and base year analysis is done using data collection modules with large sample sizes. The market data is analyzed and forecasted using market statistical and coherent models. Also market share analysis and key trend analysis are the major success factors in the market report. To know more please request an analyst call or can drop down your inquiry.
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