Internet of Things (IoT) Testing: Global Strategic Business Report

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

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