IoT Testing Global Market Report 2022 – Yahoo Finance
Major players in the IoT testing market are HCL Technologies Ltd, Tata Consultancy Services Limited, Happiest Minds, RapidValue Solutions, AFour Technologies, Rapid7, Infosys Limited, Smartbear Software, Capgemini, Cognizant, Saksoft Ltd, Beyond Security, Ixia, NovacoastInc.
New York, March 22, 2022 (GLOBE NEWSWIRE) — Reportlinker.com announces the release of the report “IoT Testing Global Market Report 2022” – https://www.reportlinker.com/p06246481/?utm_source=GNW
, Trustwave Holdings, Praetorian, Keysight technologies, IBM, Cigniti Technologies, Texas instruments, Zephyr and Apica System.
The global IoT testing market is expected to grow from $0.64 billion in 2021 to $0.89 billion in 2022 at a compound annual growth rate (CAGR) of 38.9%. The change in growth trend is mainly due to the companies stabilizing their output after catering to the demand that grew exponentially during the COVID-19 pandemic in 2021. The market is expected to reach $2.96 billion in 2026 at a CAGR of 35.0%.
The IoT (internet of Things) testing market consists of sale of testing services.IoT testing services include usability, security, connectivity, performance, regulatory testing, and others.
IoT is a system of connected devices which can communicate and interact with each other and can be accessed through internet.
The main types of IoT testing are functional testing, usability testing, security testing, compatibility testing, performance testing, network testing.Functional testing is a type of software testing in which the software system is validated against the functional requirements/specifications.
The goal of functional tests is to test each function of a software application by providing appropriate input and comparing the output to the functional requirements. Software tools and hardware tools are used for IoT testing in connected cars, smart appliances, smart energy meters, wearable devices and smart healthcare devices.
The regions covered in this report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.
Rise in number of IoT (Internet of Things) devices in use increases the need to test the devices which drives the IoT testing market.IoT is a system of connected devices that can be accessed through internet.
IoT is used in vast range of gadgets and applications such as smart watch, refrigerators, air conditioners, lock system, infrastructure and healthcare products.It is highly important to test the devices in order to ensure their connectivity, performance, usability and security.
According to the estimates of Gartner, the number of IoT devices in use is expected to grow above 20 billion by 2026. This rise in use of IoT devices will contribute to the growth of the market.
The IoT testing market lacks uniform standards for privacy and security that acts a barrier for growth of this market.IoT devices stores large data of the users which are vulnerable to hackers and currently the standards do not exist to monitor devices and interfaces.
According to a survey conducted by Forbes, 98% of the respondents suppose that security issues will increase as the number of devices are rapidly increasing.Also, FDA recalled half a million RF enabled pacemakers of St Jude Medical when security issues were reported.
Lack of regulatory standards puts the users at risk, restraining them from using IoT enabled devices thereby impacting the IoT testing market negatively.
Virtualization for IoT test automation is the trend in the IoT testing market.The challenges in the traditional testing like scalability issues for connected devices, maintenance problem, issues in unit level code checking and high-performance deliverable problems can be resolved by virtualization in test automation.
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