Global Internet of Things (IoT) Testing Market - 2023-2030

Overview

Global Internet of Things (IoT) Testing Market reached US$ 0.6 billion in 2022 and is expected to reach US$ 1.8 billion by 2030, growing with a CAGR of 34.9% during the forecast period 2023-2030.

The rising adoption of IoT devices and applications across various industries drives the growth of effective testing solutions that ensures the reliability, security and performance of the IoT systems. The growing concern over data breaches and privacy issues, there is a rigorous need for security testing that identifies vulnerabilities and protects user data.

IoT testing ensures various testing in the field of healthcare and automotive and also they are subjected to stringent regulatory requirements. Testing involves real-time data processing and interactions that help to optimize system responsiveness, latency and overall efficiency. IoT ensures a positive user experience for the success of IoT testing. Usability testing also helps to identify interface issues.

Asia-Pacific is the fastest growing regions in the global Internet of Things (IoT) testing market covering around 1/4th of the global market. The growth is due to the growing population, rapid urbanization, population growth and advancement in technologies that drive the demand of the market. Many countries in the region like India, China and Japan are heavily investing in smart city projects that involve the interconnection of IoT devices.

Dynamics

Industry 4.0 Boosts the Market

IoT allows the interconnection of various industrial devices, sensors, machines and systems across various cities and this connectivity forms the foundation of Industry 4.0 which allows real-time data exchange and communication between different components of the production process. It generates a vast amount of data daily that can be analysed further and which helps to gain valuable insights and be used later in the operational process.

For instance, on 21 July 2023, Siemens, a German firm, established an Industrial Connectivity Lab at its research campus in Erlangen, emphasizing the evolving status of industrial-grade 5G technology within the context of Industry 4.0. The lab serves as a testing ground for industrial organizations to assess various wireless technologies, including private 5G, wireless local-area networking, real-time localization systems and radio frequency identification technologies.

Rising Growth of Cloud-based Platforms

Cloud platform offers scalability that accommodates various number of IoT devices and data streams. As the number of connected devices increases the cloud infrastructure easily scales up their platform and leads to process demand. It generates a large volume of data and also cloud platforms provide cost-effective solutions that enable businesses to retain historical data.

For instance, on 15 September 2022, Belfast-based SIM development firm, Kigen, in collaboration with U.S. carrier AT&T, is revolutionizing the IoT manufacturing process, their innovative approach allows IoT manufacturers to transfer SIM ownership of AT&T-connected devices to their end customers post-production. Kigen's cloud SIM operating system, data generation and key management services, AT&T offers standard SIM, embedded SIM and integrated SIM options to IoT developers and manufacturers.

Product Development in the Market Boosts the Growth

Continuous development in the connectivity technologies like 5G, Low power wide area networks and satellite communications enable faster and provides reliable data transmissions between two IoT devices and leads to expanding their possibilities for IoT devices. The development and adoption of interoperability standards and which enable seamless communications and integration between different IoT devices.

For instance, on 17 July 2023, Vi Business, the enterprise arm of Vodafone Idea, introduced a new offering in the market and this offering, known as "IoT (Internet of Things) Solutions," aims to cater to the growing needs of businesses and industries for advanced connectivity and automation. The launch of IoT Solutions by Vi Business reflects the increasing importance of IoT technology in transforming industries and enhancing productivity.

Data Breaches and Weak Passwords

The adoption of IoT devices is more susceptible to security and data breaches, hacking and unauthorized access, many IoT devices have weak network security that leads to cause vulnerable attacks over communication channels. As IoT devices collect large amounts of data that includes personal and sensitive data that leads to increase concerns about how data is stored, used and transmitted in the system.

The lack of a mechanism for regular security devices leaves them vulnerable to exploitation and vulnerabilities and manufacturers do not provide regular updates or support for older devices which leaves them exposed to emerging attacks. Weak or default passwords used in IoT devices, make them easily target for brute-force attacks, this lack of standardization makes it difficult for users to access the security of IoT devices.

Segment Analysis

The global internet of things (IoT) testing market is segmented based on testing, service, deployment mode, applications and region.

Growing Demand for Compatibility Testing

The compatibility testing segment holds a major share of around 1/3rd of the global Internet of Things (IoT) testing market. The IoT landscape is incredibly rising, with a wide range of devices, sensors, platforms and protocols. As the IoT ecosystem continues to expand, the need to ensure interoperability and compatibility among these diverse components becoming more critical. Compatibility testing ensures that devices and applications adopt these standards, promoting consistency and interoperability.

For instance, on 24 January 2023, UL Solutions, a safety science company, announced its plans to expand its electromagnetic compatibility testing laboratories in California, UK and Taiwan. The expansion aims to enhance the capacity for wireless device EMC testing and certification. The laboratories in UK and Fremont are equipped with advanced testing technologies to cater to various industries, including consumer electronics, appliances, IT devices, medical devices, automotive, IoT, industrial and micro mobility products.

Geographical Penetration

Consumers Adopt IoT for the Development of Smart Cities

North America is among the largest regions in the global Internet of Things (IoT) testing market covering more than 1/3rd of the market. The region has growing IoT technologies across various fields like manufacturing, healthcare and agriculture. As the world is moving towards the development of smart cities in which IoT plays a major role and also there is a need for robust testing solutions.

For instance, on 11 August 2023, Siemens will deploy its charging stations and infrastructure at Curiosity Lab, utilizing T-Mobile's 5G network to explore the potential enhancements that 5G technology can bring to electric vehicle (EV) charging solutions. The collaboration aims to assess how 5G connectivity can optimize EV charging processes and support the ongoing electrification efforts across U.S. It also provides a testing ground for smart city technologies, including autonomous vehicles and IoT platforms, to evaluate their real-world applications.

Competitive Landscape

The major global players include: Cognizant, Infosys, TCS, Capgemini, Rapid7, Smartbear Software, HCL, Happiest Minds, Saksoft and Apica System.

COVID-19 Impact Analysis

The COVID-19 pandemic caused significant disruptions and transformations across different aspects of society and these changes have acted as a driving force for technological advancements and innovations, particularly in the realm of the Internet of Things. The pandemic has accelerated the deployment of IoT devices for remote patient monitoring, telemedicine and contact tracing. The smart homes sector has witnessed a greater focus on connected devices for home automation and security.

According to research a paper published in MDPI, An integrated system designed to manage COVID-19 patients using the LoRaWAN communication infrastructure. The system offers distinct advantages compared to similar solutions by enabling remote symptom and health monitoring for isolated or quarantined individuals, without requiring direct interaction with the patients. The IoT wearable device incorporated in the system can track various health parameters such as pulse rate, blood oxygen saturation, body temperature and location.

AI Impact

AI-powered algorithms generate various test cases and scenarios automatically based on the specifications of IoT devices and this helps in efficiently covering a wide range of scenarios and edge cases, which is essential for testing the complex interactions within IoT ecosystems. AI can also analyze past historical data from IoT devices and also system predicts potential issues or downtime of the system.

For instance, on May 24, 2023, Capgemini unveiled the establishment of a cutting-edge 6G research laboratory in Gurugram, India, this innovative lab will be dedicated to the development of advanced test beds and simulators, focusing on exploring the potential use cases for next-generation wireless networks and 6G technology and this project focused on crafting new architectural frameworks to facilitate ultra-large coverage, AI-driven and sustainable 6G networks.

For instance, on 2 May 2023, SE and IBM announced a collaborative effort to integrate IBM Watson technology into SAP solutions and this integration aims to provide AI-driven insights and automation within the SAP solution portfolio, enhancing user experiences and accelerating innovation. SAP plans to incorporate IBM Watson capabilities into its digital assistant in SAP, this collaboration between SAP and IBM leverages AI technologies to enhance SAP solutions, providing users with AI-driven insights, automation and improved user experiences across various lines of business.

Russia- Ukraine War Impact

The rising concerns about the surrounding, Russian invasion of Ukraine, the threat of cyberattacks has gained prominence. U.S. Cybersecurity Infrastructure and Security Agency (CISA) published "Shields Up" guidelines ahead of the conflict, offering recommendations for organizations of all sizes. Cloudflare, Ping Identity and Crowdstrike have collaborated to offer a free suite of products under the Critical Infrastructure Defense Project.

The conflict globally disrupts the supply chain management system that includes the production and distribution of IoT devices and components which leads to increased delays in the manufacturing products, shipping and procurement that impacts the availability of devices for testing. The conflicts lead to increase changes in government rules and regulations related to technologies and telecommunication including IoT.

By Testing

• Compatibility Testing
• Functional Testing
• Network Testing
• Security Testing
• Usability Testing
• Performance Testing

By Service

• Managed Services
• Professional Services

By Deployment Mode

• On-Premises
• Cloud-Based

By Application

• Smart Home
• Capillary Network Management
• Smart Ulities
• Vehicles Telematics
• Smart Manufacturing
• Others

By Region

• North America
  • U.S.
  • Canada
  • Mexico

• Europe
  • Germany
  • UK
  • France
  • Italy
  • Russia
  • Rest of Europe

• South America
  • Brazil
  • Argentina
  • Rest of South America

• Asia-Pacific
  • China
  • India
  • Japan
  • Australia
  • Rest of Asia-Pacific

• Middle East and Africa

Key Developments

• On 13 April 2023, The IoT platform provider 1NCE engaged MachNation's Tempest, a testing and benchmarking firm, to independently assess the resiliency, reliability and quality of its enterprise-grade IoT software called 1NCE OS and this software offered complimentary to users of 1NCE's Lifetime Flat connectivity service, aims to accelerate customers unnecessary features.
• On 9 August 2023, The South Korean government is set to launch a smart home alliance comprising leading IT and construction companies including Samsung Electronics, LG Electronics, Hyundai E&C and Korea Land & Housing Corp. (LH). The government plans to collaborate with local companies to discover innovative business models and services that adhere to global standards and promote the development of the smart home aftermarket.
• On 28 February 2023, Semtech Corporation, a company responsible for LoRa technology for low-power wide-area IoT connectivity, partnered with The Things Industries (TTI), a Dutch LoRaWAN collective and other partners to develop hybrid LoRaWAN and cellular IoT products and this partnership aims to create solutions that combine cellular and LoRaWAN technologies to enable faster IoT adoption and easier integration.

Why Purchase the Report?

• To visualize the global internet of things (IoT) testing market segmentation based on testing, service, deployment mode, applications and region, as well as understand key commercial assets and players.
• Identify commercial opportunities by analyzing trends and co-development.
• Excel data sheet with numerous data points of internet of things (IoT) testing market-level with all segments.
• PDF report consists of a comprehensive analysis after exhaustive qualitative interviews and an in-depth study.
• Product mapping available as Excel consisting of key products of all the major players.

The global internet of things (IoT) testing market report would provide approximately 69 tables, 71 figures and 203 Pages.

Target Audience 2023

• Manufacturers/ Buyers
• Industry Investors/Investment Bankers
• Research Professionals
• Emerging Companies