IoT Testing Market Worth 1,378.5 Million USD by 2021
According to a new market research report "Internet of Things (IoT) Testing Market by Testing Type (Functional, Performance, Network, Security, Compatibility, and Usability), Service Type (Professional and Managed), Application Type, and Region - Global Forecast to 2021", published by MarketsandMarkets, the market size estimated to grow from USD 302.9 Million in 2016 to USD 1,378.5 Million by 2021, at a Compound Annual Growth Rate (CAGR) of 35.4%.
The major forces driving the IoT Testing Market include the growing need for Internet Protocol (IP) testing of the increasing number of IoT devices and applications. Moreover, the need for shift left testing of IoT applications and the rising importance of DevOps are also some of the factors which are driving the market.
Network testing is the fastest growing testing type in the IoT Testing Market during the forecast period
Network testing in IoT verifies the working and behavior of IoT applications with heterogeneous network connections and ensures synchronization of application with all different networking protocols to ensure seamless connectivity across the IoT platform. The primary focus of network testing includes the test of uplink and downlink speed of a network and responsiveness of the network connecting IoT application.
Smart manufacturing application segment is expected to hold the largest market share in the IoT Testing Market during the forecast period
Smart manufacturing helps the manufacturers to access new and emerging forms of business intelligence. It utilizes all the components of tracking, addressing the complexities of security, interoperability, and intellectual property for manufacturing. IoT testing of smart manufacturing includes highly efficient and automated manufacturing tests, which chooses a wireless communications tester for sophisticated manufacturing devices to perform non-signalling tests on IoT devices. IoT testing in smart manufacturing supports functional, performance, and compatibility testing of smart devices deployed in the manufacturing processes and operations, in order to enhance the manufacturing efficiency and overall productivity.