Global Internet of Things (IoT) Testing Market to Reach $13.2 Billion by 2027
In the changed post COVID-19 business landscape, the global market for Internet of Things (IoT) Testing estimated at US$1.8 Billion in the year 2020, is projected to reach a revised size of US$13.2 Billion by 2027, growing at a CAGR of 32.8% over the analysis period 2020-2027. Network Testing, one of the segments analyzed in the report, is projected to record a 35.2% CAGR and reach US$5.1 Billion by the end of the analysis period. Taking into account the ongoing post pandemic recovery, growth in the Functional Testing segment is readjusted to a revised 33.7% CAGR for the next 7-year period.The U.S. Market is Estimated at $545.7 Million, While China is Forecast to Grow at 31.7% CAGR
The Internet of Things (IoT) Testing market in the U.S. is estimated at US$545.7 Million in the year 2020. China, the world's second largest economy, is forecast to reach a projected market size of US$2.2 Billion by the year 2027 trailing a CAGR of 31.7% over the analysis period 2020 to 2027. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 29.8% and 27.9% respectively over the 2020-2027 period. Within Europe, Germany is forecast to grow at approximately 22.8% CAGR.Performance Testing Segment to Record 31.5% CAGR
In the global Performance Testing segment, USA, Canada, Japan, China and Europe will drive the 31.5% CAGR estimated for this segment. These regional markets accounting for a combined market size of US$247 Million in the year 2020 will reach a projected size of US$1.7 Billion by the close of the analysis period. China will remain among the fastest growing in this cluster of regional markets.Select Competitors (Total 37 Featured) -
- Afour Technologies Pvt Ltd
- Apica System
- Beyond Security
- Capgemini S.A.
- HCL Technologies Ltd.
- Happiest Minds Technologies
- Infosys Limited
- Ixia
- Novacoast, Inc.
- Praetorian
- Rapid7 Inc.
- Rapidvalue Solutions
- Saksoft Limited
- Smartbear Software
- Tata Consultancy Services
- Trustwave Holdings
What's New for 2022?
- Global competitiveness and key competitor percentage market shares
- Market presence across multiple geographies - Strong/Active/Niche/Trivial
- Online interactive peer-to-peer collaborative bespoke updates
- Access to digital archives and Research Platform
- Complimentary updates for one year
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Report Attribute | Details |
---|---|
No. of Pages | 93 |
Published | October 2022 |
Forecast Period | 2020 - 2027 |
Estimated Market Value ( USD | $ 1.8 Billion |
Forecasted Market Value ( USD | $ 13.2 Billion |
Compound Annual Growth Rate | 32.9% |
Regions Covered | Global |
Table of Contents
I. METHODOLOGYII. EXECUTIVE SUMMARY2. FOCUS ON SELECT PLAYERS3. MARKET TRENDS & DRIVERSIII. MARKET ANALYSISIV. COMPETITION
1. MARKET OVERVIEW
4. GLOBAL MARKET PERSPECTIVE
UNITED STATES
CANADA
JAPAN
CHINA
EUROPE
FRANCE
GERMANY
ITALY
UNITED KINGDOM
REST OF EUROPE
ASIA-PACIFIC
REST OF WORLD
Companies Mentioned
A selection of companies mentioned in this report includes:
- Afour Technologies Pvt Ltd
- Apica System
- Beyond Security
- Capgemini S.A.
- HCL Technologies Ltd.
- Happiest Minds Technologies
- Infosys Limited
- Ixia
- Novacoast, Inc.
- Praetorian
- Rapid7 Inc.
- Rapidvalue Solutions
- Saksoft Limited
- Smartbear Software
- Tata Consultancy Services
- Trustwave Holdings