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IoT Testing Market by Testing Type (Functional Testing, Performance Testing, Network Testing, Compatibility Testing, Usability Testing, and Security Testing), Service Type (Managed Services and Professional Services), and Application (Smart Building & Home Automation, Capillary Networks Management, Smart Utilities, Vehicle Telematics, Smart Manufacturing, and Smart Healthcare): Global Opportunity Analysis and Industry Forecast, 2020–2027

A08127
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Jun 2021 | 535 Views
 
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COVID-19

Pandemic disrupted the entire world and affected many industries.

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IoT Testing Market Insights

Internet of Things (IoT) is a network that consists of devices, buildings, vehicles, or any other connected electronic devices. IoT is an integration of specific embedded devices with internet infrastructure.  In simple terms, IoT is an era of "smart", connected products that communicate and transfer a large amount of data and upload it to cloud. IoT testing is an approach to test or check operations of IoT devices. Nowadays, there is rise in need to deliver better and faster services. There is a vast demand to access, create, use, and share data from any device. The focus is to provide greater insight and control over various interconnected IoT devices. IoT testing devices broadly revolve around security, analytics, device, networks, processors, operating systems, platforms, and standards.

IoT-Testing

Market scope and structure analysis:

Report Metric

Details

  Market size available for years

  2020–2027

  Base year considered

  2019

  Forecast period

  2021–2027

  Forecast units

  Value (USD)

  Segments covered

  Testing Type, Service Type, Application, and Region

  Regions covered

North America (U.S. and Canada), Europe (Germany, UK, France, and the Rest of Europe), Asia-Pacific (China, Japan, India, and Rest of Asia-Pacific), Latin America (Brazil, Mexico, and Rest of LATAM) and Middle East and Africa

  Companies covered

Major players analyzed include Apica System, Capgemini S.A, Cogizant Technology Solutions Corporation, HCL Technologies Ltd., Happiest Minds Technologies, Infosys Limited, Rapid7 Inc., Rapidvalue Solutions, Saksoft Limited, and Smatbear Software.

 

Impact of COVID-19 on IoT Testing Market:

  • Organizations are encouraged to sensitize their employees around information security outside office space. Working from public spaces should be restricted and organization must utilize technologies that ensure confidential information remains secure on these devices in case of theft or damage.
  • Organizations should take proactive steps by advising their staff and customers to be more vigilant and cautious especially while opening links, emails, or documents related to the subject COVID-19. Organizations should ensure their detection and alerting capabilities are functional while keeping an eye on impact of having many remote workers.
  • Presently, many employees are working from home and students are learning virtually, hence enterprise virtual private network (VPN) servers have now become a lifeline for companies/schools and their security and availability would be a major focus going forward. There is a possibility that an organization’s unpreparedness can lead to security misconfiguration in VPNs. This, in turn, could expose sensitive information on the internet and devices to Denial of Service (DoS) attacks. In addition, some users utilize personal computers to perform official duties, which could also pose a great amount of risk to organizations.

IoT Testing Market: Top impacting factors, Market Scenario Analysis, Trends, Drivers, and Impact Analysis

Increase in inclination toward DevOps, growth in need for IP testing services for IoT devices, and rise in adoption of API monitoring solutions are factors expected to drive growth of the IoT testing market during the forecast period. However, issues associated with data privacy can hamper growth of the market. Contrarily, advent of software defined IoT testing application platform and controllers and growth in IoT service virtualization are opportunistic factors for the IoT testing market.

Increase in inclination toward DevOps

Risk-based testing and software developer manual testing are dominant IoT testing strategies. DevOps is considered the most effective strategy, when it comes to creating best coverage and test efficiency metrics along with tangible cost savings, owing to its open source tools and technology benefits. In addition, DevOps or intelligent automation is being implemented by organizations to handle IoT at large scale and achieve rapid innovation. It also responds to the needs of IoT test automation, deployment, covering build, network, testing, and infrastructure automation. 
DevOps can be applied to test various IoT product pipelines and application endpoints of an IoT platform. At the same time, testing a device-to-cloud use case, functionality of each component in IoT platform, including sensors, cloud, web, network protocols, mobile, or APIs are thoroughly tested. In such cases different technologies and tools of DevOps can assist. Moreover, DevOps can help achieve an organization’s IoT strategy goals such as gaining competitive advantage through rapid release of new features and providing a better customer experience through workflow automation, which enhances product uptime and reduces operational costs.  

Data privacy issues 

Quantity of data collected and communicated by connected devices is often huge. When such high volume of data is generated, it also raises concerns related to data leaks or unauthorized access to systems from outside entities. Subsequently IoT devices are vulnerable to security threats and are critical to test and identify security vulnerabilities and address them instantly. In IoT testing, it is critical to test passwords and credentials, as well as data interface and continuously update devices to make sure that there are no security breaches. Many IoT engineers are implementing layered security, where multiple security layers protect a system, assisting in prevention of any data leaks or potential attacks on the system.

A huge distributed denial-of-service (DDOS) attack on Dyn’s servers brought down giants such as Twitter, PayPal, and Spotify.  The attackers had contaminated thousands of vulnerable IoT devices with malware, which caused devices to generate traffic. With more than 70% of IoT devices currently vulnerable to security issues, testing for security holes is a crucial activity. IoT device testers should pay attention to devices password policy, making sure that minimum password requirements are built into the device.

Key segments covered:

Segments

Subsegments

  Testing Type

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

  Service Type

  • Managed Services
  • Professional Services

  Application

  • Smart Building & Home Automation
  • Capillary Network Management
  • Smart Utilities
  • Vehicle Telematics
  • Smart Manufacturing
  • Smart Healthcare

 

Key benefits of the IoT Testing Market report:

  • This study presents the analytical depiction of the global IoT testing industry along with the current trends and future estimations to determine the imminent investment pockets.
  • The report presents information related to key drivers, restraints, and opportunities along with detailed analysis of the share.
  • The current market is quantitatively analyzed from 2020 to 2027 to highlight the global IoT testing market growth scenario.
  • Porter’s five forces analysis illustrates the potency of buyers & suppliers in the market. 
  • The report provides a detailed market analysis based on the present and future competitive intensity of the market.
 
With collective industry experience of about 200 years of its analysts and experts, Allied Market Research (AMR) encompasses most infallible research methodology for its market intelligence and industry analysis. We do not only engrave the deepest levels of markets but also sneak through its slimmest details for the purpose of our market estimates and forecasts. Our approach helps in building greater market consensus view for size, shape and industry trends within each industry segment. We carefully factor in industry trends and real developments for identifying key growth factors and future course of the market. Our research proceeds are the resultant of high quality data, expert views and analysis and high value independent opinions. Our research process is designed to deliver balanced view of the global markets and allow stakeholders to make informed decisions.

We offer our clients exhaustive research and analysis based on wide variety of factual inputs, which largely include interviews with industry participants, reliable statistics and regional intelligence. Our in-house industry experts play instrumental role in designing analytic tools and models, tailored to the requirements of particular industry segment. These analytical tools and models sanitize the data & statistics and enhance the accuracy of our recommendations and advice. With AMR’s calibrated research process and 360` degree data-evaluation methodology, our clients are assured of receiving:

  • Consistent, valuable, robust and actionable data & analysis that can easily be referenced for strategic business planning
  • Technologically sophisticated and reliable insights through well audited and veracious research methodology
  • Sovereign research proceeds that present a tangible depiction of marketplace


With a strong methodology we are, therefore, confident that our research and analysis are most reliable and guarantees sound business planning.

Secondary research
We refer a broad array of industry sources for our secondary, which typically include; however, not limited to: Company SEC filings, annual reports, company websites, broker & financial reports and investor presentations for competitive scenario and shape of the industry

  • Patent and regulatory databases for understanding of technical & legal developments
  • Scientific and technical writings for product information and related preemptions
  • Regional government and statistical databases for macro analysis
  • Authentic new articles, web-casts and other related releases for market evaluation
  • Internal and external proprietary databases, key market indicators and relevant press releases for market estimates and forecast


Primary research
Our primary research efforts include reaching out participants through mail, tele-conversations, referrals, professional networks and face-to-face interactions. We are also in professional corporate relations with various companies that allow us greater flexibility for reaching out industry participants and commentators for interviews and discussions, fulfilling following functions:

  • Validates and improves the data quality and strengthens research proceeds
  • Further develops analyst team’s market understanding and expertise
  • Supplies authentic information about market size, share, growth and forecasts


Our primary research interview and discussion panels are typically composed of most experienced industry members. These participants include; however, not limited to:

  • Chief executives and VPs of leading corporations specific to industry
  • Product and sales managers or country heads; channel partners and top level distributors; banking, investments and valuation experts Key opinion leaders (KOLs)


Analyst tools and models
AMR has developed set of analyst tools and data models to supplement and expedite the analysis process. Corresponding to markets, where there is significant lack of information and estimates, AMR’s team of experts and analyst develop specific analyst tools and industry models to translate qualitative and quantitative industry indicators into exact industry estimates. These models also allow analysts to examine the prospects and opportunities prevailing in the market to accurately forecast the course of the market.
 
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