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Report
Global IoT Testing Services Market
Market Research Report I 2024-10-21 I 72 Pages I BCC Research
Description
Report Scope
This report provides an overview of the global IoT testing services market and examines market trends. It includes base year data from 2023 and projected data from 2024 to 2029. The report analyzes the global market revenue by three segments - service type, testing type, and end-user industry and by region - North America, Europe, Asia-Pacific, and the Rest of the World (RoW).
The report examines the trends and challenges driving the market and the companies operating in it. It analyzes patent activity and emerging technologies in the IoT testing services market. The report also examines the competition among major players and provides profiles of leading companies. It also looks at environmental, social, and corporate governance (ESG) developments.
Report Includes
- An analysis of the global IoT (Internet of Things) testing services market
- Analyses of global market trends, with market revenue data for 2023, estimates for 2024, forecast for 2025 and 2028, and projected CAGRs through 2029
- Estimates of the size and revenue prospects of the global market, along with a market share analysis by service type, testing type, end-user industry, and region
- Discussion of the major factors influencing the growth of this market, including opportunities and challenges, emerging technologies and future prospects
- An overview of the emerging trends and technologies, and key patents related to IoT testing services
- Overview of sustainability trends and ESG developments, with a focus on consumer attitudes, companies' ESG risk ratings and their ESG practices
- Analysis of the competitive landscape, including companies' market shares and rankings, strategic alliances, M&A activity and a venture funding outlook
- Profiles of the market leaders
Executive Summary
Summary:
Internet of Things (IoT) testing services are a collection of processes, tools, and methodologies used to test IoT systems and applications. IoT systems are made up of networked devices, sensors, software, and networks that share data. These systems are tested to ensure they operate accurately, safely, and effectively in real-world scenarios. IoT testing is critical for ensuring the dependability, safety, and seamless integration of IoT technology across industries.
Technological Advances and Applications
Automated testing tools and frameworks are crucial for managing large volumes of data and interactions in IoT environments. Integrating artificial intelligence (AI) and machine learning (ML) in testing enables more intelligent testing processes that can adapt to evolving scenarios and data patterns. The emergence of edge computing, blockchain, and digital twin technologies in IoT testing enables more robust real-time testing capabilities.
Market Dynamics and Growth Factors
The global market for IoT testing services was valued at $3.2 billion in 2023 and will reach $10.4 billion by the end of 2029. The market is expected to grow at a compound annual growth rate (CAGR) of 22.6% during the forecast period, due to rising adoption of automated testing tools, growth of IoT testing-as-aservice (TaaS), and demand for 5G-driven testing. Growing demand for IoT security services, increased demand for IP testing of IoT devices, and government initiatives for smart cities will create opportunities for market growth in the forecast period. However, the industry faces challenges such as a lack of standards for interconnectivity and interoperability in IoT solutions.
Table of Contents
Chapter 1 Executive Summary
Market Outlook
Scope of Report
Market Summary
Chapter 2 Market Overview
Current and Future Market
Analysis of Macroeconomic Factors
Russia-Ukraine War Impact
Chapter 3 Market Dynamics
Overview
Market Drivers
Adoption of Automated Testing Tools
IoT Testing-as-a-Service (TaaS)
Demand for 5G-Driven Testing
Market Challenges
Lack of Standards for Interconnectivity and Interoperability
Technological Complexity and Security Concerns
Market Opportunities
Demand for IoT Security Services
Increase in Demand for IP Testing of IoT Devices
Government Initiatives for Smart Cities
Chapter 4 Emerging Technologies and Developments
Overview
Emerging Technologies and Trends
Edge Computing
Blockchain
Digital Twins
Patent Analysis
Chapter 5 Market Segmentation Analysis
Segmentation Breakdown
Market Breakdown, by Service Type
Professional Services
Managed Services
Market Breakdown, by Testing Type
Functional Testing
Performance Testing
Network Testing
Compatibility Testing
Security Testing
Usability Testing
Market Breakdown, by End-User Industry
IT and Telecom
Retail and Logistics
Manufacturing
Energy and Utilities
Healthcare
Other End Users
Geographic Breakdown
Market Breakdown, by Region
North America
Europe
Asia-Pacific
Rest of the World
Chapter 6 Competitive Intelligence
Overview
Recent Developments
Chapter 7 Sustainability in IoT Testing Services Industry: An ESG Perspective
Overview
Current Status of ESG in the IoT Testing Services Market
ESG Practices in the IoT Testing Services Market
Concluding Remarks from BCC Research
Chapter 8 Appendix
Research Methodology
References
Abbreviations
Company Profiles
AFOUR TECHNOLOGIES
APEXON
AT&T
EINFOCHIPS
HAPPIEST MINDS
IMPACTQA
QATESTLAB
RAPID7
TESTFORT
TESTINGXPERTS
List of Tables
Summary Table : Global Market for IoT Testing Services, by Testing Type, Through 2029
Table 1 : Patents Related to IoT Testing Services, by Year, 2018-2024
Table 2 : Global Market for IoT Testing Services, by Service Type, Through 2029
Table 3 : Global Market for IoT Testing Professional Services, by Region, Through 2029
Table 4 : Global Market for IoT Testing Managed Services, by Region, Through 2029
Table 5 : Global Market for IoT Testing Services, by Testing Type, Through 2029
Table 6 : Global Market for IoT Functional Testing Services, by Region, Through 2029
Table 7 : Global Market for IoT Performance Testing Services, by Region, Through 2029
Table 8 : Global Market for IoT Network Testing Services, by Region, Through 2029
Table 9 : Global Market for IoT Compatibility Testing Services, by Region, Through 2029
Table 10 : Global Market for IoT Security Testing Services, by Region, Through 2029
Table 11 : Global Market for IoT Usability Testing Services, by Region, Through 2029
Table 12 : Global Market for IoT Testing Services, by End-User Industry, Through 2029
Table 13 : Global Market for IT and Telecom IoT Testing Services, by Region, Through 2029
Table 14 : Global Market for Retail and Logistics IoT Testing Services, by Region, Through 2029
Table 15 : Global Market for Manufacturing Industry IoT Testing Services, by Region, Through 2029
Table 16 : Global Market for Energy and Utilities Industry IoT Testing Services, by Region, Through 2029
Table 17 : Global Market for Healthcare Industry IoT Testing Services, by Region, Through 2029
Table 18 : Global Market for Other End-Users of IoT Testing Services, by Region, Through 2029
Table 19 : Global Market for IoT Testing Services, by Region, Through 2029
Table 20 : North American Market for IoT Testing Services, by Country, Through 2029
Table 21 : North American Market for IoT Testing Services, by Service Type, Through 2029
Table 22 : North American Market for IoT Testing Services, by Testing Type, Through 2029
Table 23 : North American Market for IoT Testing Services, by End-User Industry, Through 2029
Table 24 : European Market for IoT Testing Services, by Country, Through 2029
Table 25 : European Market for IoT Testing Services, by Service Type, Through 2029
Table 26 : European Market for IoT Testing Services, by Testing Type, Through 2029
Table 27 : European Market for IoT Testing Services, by End-User Industry, Through 2029
Table 28 : Asia-Pacific Market for IoT Testing Services, by Country, Through 2029
Table 29 : Asia-Pacific Market for IoT Testing Services, by Service Type, Through 2029
Table 30 : Asia-Pacific Market for IoT Testing Services, by Testing Type, Through 2029
Table 31 : Asia-Pacific Market for IoT Testing Services, by End-User Industry, Through 2029
Table 32 : RoW Market for IoT Testing Services, by Sub-region, Through 2029
Table 33 : RoW Market for IoT Testing Services, by Service Type, Through 2029
Table 34 : RoW Market for IoT Testing Services, by Testing Type, Through 2029
Table 35 : RoW Market for IoT Testing Services, by End-User Industry, Through 2029
Table 36 : Recent Developments in the Global IoT Testing Services Market, 2023 and 2024
Table 37 : ESG Risk Ratings of Companies in the IoT Testing Services Market, 2023
Table 38 : Information Sources in this Report
Table 39 : Abbreviations Used in the Report
Table 40 : AFour Technologies: Company Snapshot
Table 41 : AFour Technologies: Product Portfolio
Table 42 : Apexon: Company Snapshot
Table 43 : Apexon: Product Portfolio
Table 44 : Apexon: News/Key Developments, 2023
Table 45 : AT&T: Company Snapshot
Table 46 : AT&T: Financial Performance, FY 2022 and 2023
Table 47 : AT&T: Product Portfolio
Table 48 : eInfochips: Company Snapshot
Table 49 : eInfochips: Product Portfolio
Table 50 : Happiest Minds: Company Snapshot
Table 51 : Happiest Minds: Financial Performance, FY 2022 and 2023
Table 52 : Happiest Minds: Product Portfolio
Table 53 : Happiest Minds: News/Key Developments, 2023
Table 54 : ImpactQA: Company Snapshot
Table 55 : ImpactQA: Product Portfolio
Table 56 : ImpactQA: News/Key Developments, 2024
Table 57 : QATestLab: Company Snapshot
Table 58 : QATestLab: Product Portfolio
Table 59 : Rapid7: Company Snapshot
Table 60 : Rapid7: Financial Performance, FY 2022 and 2023
Table 61 : Rapid7: Product Portfolio
Table 62 : TestFort: Company Snapshot
Table 63 : TestFort: Product Portfolio
Table 64 : TestFort: News/Key Developments, 2024
Table 65 : TestingXperts: Company Snapshot
Table 66 : TestingXperts: Product Portfolio
Table 67 : TestingXperts: News/Key Developments, 2024
List of Figures
Summary Figure : Global Market Shares of IoT Testing Services, by Testing Type, 2023
Figure 1 : Snapshot of the Market Dynamics for IoT Testing Services
Figure 2 : Global Market Shares of IoT Testing Services, by Service Type, 2023
Figure 3 : Global Market Shares of IoT Testing Services, by Testing Type, 2023
Figure 4 : Global Market Shares of IoT Testing Services, by End-User Industry, 2023
Figure 5 : Global Market Shares of IoT Testing Services, by Region, 2023
Figure 6 : AT&T: Revenue Share, by Business Unit, FY 2023
Figure 7 : AT&T: Revenue Share, by Country/Region, FY 2023
Figure 8 : Happiest Minds: Revenue Share, by Business Unit, FY 2023
Figure 9 : Happiest Minds: Revenue Share, by Country/Region, FY 2023
Figure 10 : Rapid7: Revenue Share, by Business Unit, FY 2023
Figure 11 : Rapid7: Revenue Share, by Country/Region, FY 2023
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