Pune, India -- (SBWIRE) -- 06/15/2018 -- Market Highlights
In this rapidly changing and technologically developing environment, internet of things are ever increasing. The market trend towards the Internet of things (IoT) is driving the Internet of things (IoT) testing market. The study indicates that due to rapid increase in internet of things it is becoming increasingly fragmented which as a result increases the need for internet of things testing.
The study indicates that internet of things (IoT) testing provide an integrated approach to validate the functional and non-functional requirements of IoT solutions which helps in future proofing of business using performance testing. This results in the increase of Internet of Things (Iot) Testing Market. The internet of things (IoT) testing has few challenges to overcome. The challenges include dynamic environment, real-time complexity, scalability of system, safety concerns, privacy issues, hardware quality, network availability, complex use cases and others.
The recent industry news says that Frost & Sullivan has recently recognized Keysight technologies with the 2016 Global Frost & Sullivan Company of the year award based on its recent analysis of test and measurement (T&M) industry for internet of things. (IoT).
The Internet of things (IoT) testing Market is growing rapidly over 33% of CAGR and is expected to reach at USD 1708 million by the end of forecast period.
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Industry News
March. 2017 - Cognizant acquired Brilliant Service Co. Ltd., an intelligent products and solutions company headquartered in Osaka, Japan, specializing in digital strategy, the Internet of Things (IoT). As part of the acquisition, a team of 70 professionals with extensive digital solutions experience and insights in the Japanese market will join Cognizant. The terms of the transaction were not disclosed.
December 2017 - Sierra Wireless, Inc. the leading provider of fully integrated device-to-cloud solutions for the Internet of Things (IoT), acquired Numerex Corp. The acquisition of Numerex accelerates sierra wireless in IoT device-to-cloud strategy by adding an established customer base, proven solutions and recurring revenue scale.
Key Players
The prominent players in the Internet of Things (IoT) Testing market are Cognizant (U.S.), Keysight technologies (U.S.), Infosys (India), HCL Technologies (India), Capgemini (France), TCS (India), Happiest Minds Technologies (India), AFour Technologies (U.S.), SmartBear Software (U.S.), Rapid Value Solutions (U.S.), and Rapid7 (U.S.) among others
Internet of things (IoT) testing Market Segmentation
The Internet of Things (IoT) Testing Market has been segmented on the basis of testing type, testing tools and applications. Looking through the testing type segment it's been observed that network connectivity testing is expected to dominate the Internet of things (IoT) testing market by the forecast period. The network testing focuses on testing of uplink and downlink speed of a network and responsiveness of the network connecting IoT application. The Internet of things (IoT) testing market would be dominated by Smart appliances application by the forecast period.
Global Internet of Things (IoT) Testing Market - Regional Analysis
It has been observed that North America is dominating the Internet of Things (IoT) Testing market owing to many factors as, presence of developed economies such as United States, Canada, high investing capacity, and high adoption of internet of things (IoT). Apart from it, development of new technologies such as IoT, Big data and others by many organization will have positive impact on market of Internet of Things (IoT) Testing in this region. The Internet of Things (IoT) Testing market shows a steady and considerable growth in Asia-Pacific region, owing to factors such as rising internet of things penetration and larger investments by communication service providers and cloud service providers.
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Intended Audience
- Technology investors
- Key market innovators
- Hardware vendors
- Regulatory agencies
- IoT testing providers
- IoT service providers
- Communication service providers
- Quality assurance providers
- IoT platform providers
- Third-party system integrators
- Application providers
- Research/Consultancy firms
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