The Global IoT Testing Market size is expected to reach $15.5 billion by 2030, rising at a market growth of 31.3% CAGR during the forecast period.
IoT testing in smart manufacturing is essential for ensuring the functionality, security, and efficiency of IoT devices and systems. Consequently, the Smart Manufacturing segment would acquire approximately 1/5th share of the market by 2030. It helps manufacturers meet quality standards, reduce costs, and stay competitive in an increasingly connected and data-driven industrial landscape. IoT testing helps ensure the quality of IoT devices, sensors, and communication protocols used in smart manufacturing systems. This ensures that the data collected and transmitted by IoT devices is accurate and reliable. Continuous testing encourages innovation in smart manufacturing by uncovering opportunities to improve processes, adopt new technologies, and enhance overall efficiency.
The major strategies followed by the market participants are Partnerships as the key developmental strategy to keep pace with the changing demands of end users. For instance, In March, 2023, Capgemini SE came into partnership with The ioXt Alliance for the ioXt Authorized Labs certification program. In August, 2023, HCL Technologies Ltd. came into partnership with Pearson VUE to set up advanced test centers for PTE Academic in multiple locations.
Based on the Analysis presented in the KBV Cardinal matrix; Capgemini SE, HCL Technologies Ltd. and Infosys Limited are the forerunners in the Market. In January, 2023, Infosys Limited came into collaboration with VodafoneZiggo to enhance testing efficiency and customer experience with advanced technology and innovative methods, promoting agility and customer-centricity in the testing environment. Companies such as Keysight Technologies, Inc., Happiest Minds Technologies Limited and Apica ABare some of the key innovators in Market.
IoT apps and firmware can be deployed more quickly and often because DevOps approaches emphasize continuous integration and delivery (CI/CD). The necessity for quick development and deployment is crucial as IoT devices grow essential to many businesses. Effective and automated testing is necessary to assure the quality and dependability of IoT solutions at this rapid speed. Automated testing is crucial for validating interactions, data flow, and interoperability in IoT systems comprising several devices with various functionalities. The amount of manual work necessary for thorough IoT testing is reduced by this method. Thus, these trends drive the expansion of the market.
Application programming interface (API) monitoring is crucial for maintaining the flawless operation, performance, and security of connected devices and applications since APIs allow communication and data exchange across different IoT system components. The rapid pace of IoT advancement and implementation is further matched by automated API monitoring technologies that continuously evaluate API health. IoT testing companies can offer these automated monitoring solutions to meet the industry's needs for efficiency and agility. As a result, these aspects will improve the market's growth prospects.
There are numerous communication protocols, data formats, and connecting techniques because there are no clear standards. Because of this complexity, testing providers must accommodate various variants, further complicating testing environments. The lack of established protocols or interfaces also slows down the testing procedure and the entire product creation process. Inconsistent standards might damage the trust in the dependability and security of IoT devices. This could result in slower acceptance rates and the reluctance of companies and consumers to invest in IoT technology, which would impact the overall growth of the IoT market, including the market for IoT testing.
The leading players in the market are competing with diverse innovative offerings to remain competitive in the market. The above illustration shows the percentage of revenue shared by some of the leading companies in the market. The leading players of the market are adopting various strategies in order to cater demand coming from the different industries. The key developmental strategies in the market are Partnerships, Collaborations & Agreements.
Based on service type, the market is segmented into professional service and managed service. The professional service segment held the highest revenue share in the market in 2022. Professionals use experts who understand IoT technology, protocols, and best practices. Their experience guarantees complete and accurate testing. Professional testers possess the tools and procedures necessary to thoroughly test IoT devices and systems that address a variety of variables, such as interoperability, security, functionality, and performance. These services assist enterprises in deploying reliable and secure IoT solutions while lowering the risks related to IoT technology adoption by resolving security, functional, and interoperability problems.
On the basis of testing type, the market is fragmented into functional testing, performance testing, network testing, compatibility testing, usability testing, and security testing. The security testing segment garnered a prominent revenue share in the market in 2022. IoT security testing helps uncover vulnerabilities and weaknesses in IoT devices and systems. This proactive approach allows organizations to address security issues before malicious actors exploit them. IoT devices usually collect and transmit sensitive data, such as personal information, medical records, or industrial data. Security testing helps ensure this data is adequately protected from unauthorized access or breaches.
By application, the market is classified into smart building & home automation, capillary network management, smart utilities, vehicle telematics, smart manufacturing, smart healthcare, and others. In 2022, the smart healthcare segment procured a promising growth rate in the market. In smart healthcare, IoT testing is vital for safeguarding patient health, protecting data, and ensuring that the technology enhances the quality and efficiency of healthcare delivery. Further, IoT devices such as smart infusion pumps, wearable health monitors, and remote patient monitoring devices must be thoroughly tested to ensure accurate data collection, device functionality, and patient safety. As healthcare IoT systems expand to accommodate more devices and users, scalability testing assesses their ability to scale without impacting performance or security.
| Report Attribute | Details |
|---|---|
| Market size value in 2022 | USD 1.8 Billion |
| Market size forecast in 2030 | USD 15.5 Billion |
| Base Year | 2022 |
| Historical Period | 2019 to 2021 |
| Forecast Period | 2023 to 2030 |
| Revenue Growth Rate | CAGR of 31.3% from 2023 to 2030 |
| Number of Pages | 295 |
| Number of Table | 414 |
| Report coverage | Market Trends, Revenue Estimation and Forecast, Segmentation Analysis, Regional and Country Breakdown, Competitive Landscape, Market Share Analysis, Companies Strategic Developments, Company Profiling |
| Segments covered | Service Type, Testing Type, Application, Region |
| Country scope | US, Canada, Mexico, Germany, UK, France, Russia, Spain, Italy, China, Japan, India, South Korea, Singapore, Malaysia, Brazil, Argentina, UAE, Saudi Arabia, South Africa, Nigeria |
| Growth Drivers |
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| Restraints |
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Region-wise, the market is analyzed across North America, Europe, Asia Pacific, and LAMEA. In 2022, the North America region led the market by generating the largest revenue share. This region's strong economic dominance enables it to aggressively invest in research and development projects and contribute to developing innovative technologies like big data, IoT, DevOps, and mobility. This choice significantly impacted the market development for IoT testing services. Organizations ' interest in incorporating IoT technology into their operations has brought a significant surge in the growth of the sector.
Free Valuable Insights: Global IoT Testing Market size to reach USD 15.5 Billion by 2030
The market research report covers the analysis of key stakeholders of the market. Key companies profiled in the report include Capgemini SE, Infosys Limited, Happiest Minds Technologies Limited, HCL Technologies Ltd. (HCL Enterprises), Keysight Technologies, Inc., Rapid7, Inc., AFour Technologies, Apica AB, Novacoast, Inc., and Praetorian Security, Inc.
By Service Type
By Testing Type
By Application
By Geography
This Market size is expected to reach $15.5 billion by 2030.
Growing significance of DevOps are driving the Market in coming years, however, Inconsistency among interconnectivity and interoperability standards restraints the growth of the Market.
Capgemini SE, Infosys Limited, Happiest Minds Technologies Limited, HCL Technologies Ltd. (HCL Enterprises), Keysight Technologies, Inc., Rapid7, Inc., AFour Technologies, Apica AB, Novacoast, Inc., and Praetorian Security, Inc.
The expected CAGR of this Market is 31.3% from 2023 to 2030.
The Functional Testing segment is leading the Market, By Testing Type in 2022; thereby, achieving a market value of $4.8 billion by 2030.
The North America region dominated the Market, By Region in 2022, and would continue to be a dominant market till 2030; thereby, achieving a market value of $5,591.1 million by 2030.
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