According to a new report, published by KBV research, 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.
The Managed Service segment is experiencing a CAGR of 32.1% during (2023 - 2030). The massive potential of the IoT in waste management, energy & utilities, and infrastructure has been created as smart city concepts are increasingly used. Investment in IoT infrastructure is anticipated to increase the need for security testing services for these assets, which could increase the demand for custody services in these industries.
The Functional Testing segment is leading the Global IoT Testing Market, By Testing Type in 2022; thereby, achieving a market value of $4.8 billion by 2030. Software quality assurance practices like functional testing check an application's specific features and functions. It offers a foundation for locating and fixing functional faults in applications before deployment into the production environment, assisting in lowering total expenses related to corrective measures after release.
The Smart Building & Home Automation segment is exhibiting a CAGR of 30% during (2023 - 2030). IoT testing is essential for the successful deployment and ongoing operation of smart building and home automation systems. Smart building and home automation systems often involve various devices from different manufacturers. IoT testing ensures that these devices can communicate and work together seamlessly. Compatibility testing identifies any interoperability issues and helps create a unified ecosystem. IoT testing verifies that all devices and sensors within the smart building and home automation system perform their intended functions correctly.
The North America region dominated the Global IoT Testing 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. The Asia Pacific region is anticipated to grow at a CAGR of 32.2% during (2023 - 2030). Additionally, The Europe region would register a CAGR of 31.1% during (2023 - 2030).
Full Report: https://www.kbvresearch.com/iot-testing-market/
The market research report has exhaustive quantitative insights providing a clear picture of the market potential in various segments across the globe with country-wise analysis in each discussed region. The key impacting factors of the market have been discussed in the report with the elaborated company profiles of 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
Companies Profiled
Unique Offerings 
