Internet of Things Market is expected to grow with CAGR of 33% and will lead to market size of US $1708 million by 2022

“Global IoT Market Research Report”
Global IoT Market, By Software (Data Management, Network Management), By Hardware(Sensors, camera), By Services (Manage Services, Professional Services), By Organization Type (Small & Medium Scale Business, Large Scale Business) – Forecast 2022

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.

 

Key players

  • Amazon Web Services, Inc. (US),
  • IBM (US),
  • Cisco Systems, Inc. (US),
  • Oracle Corporation (US),
  • Microsoft Corporation (US),
  • SAP SE (Germany),
  • PTC Inc. (US),
  • Symantec Corporation (US),
  • Bosch (Germany),
  • AT&T (US) among others.

 

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Market Research Analysis:

Regional analysis for Internet of things (IoT) testing market is studied in different geographic regions as Americas, Europe, Asia-Pacific and Rest of world. It has been observed that North America region would account for larger share in Internet of things (IoT) testing market. It has been observed that North America region has high adoption of internet of things and higher technology developments which has resulted in the growth of Internet of things (IoT) testing market. The study reveals that Asia-Pacific region is expected to have a significant growth in Internet of things (IoT) testing market by the forecast period. The growing internet of things penetration has increased investments in innovation by Asia-Pacific region is expected to give a boost to Internet of things (IoT) testing market in this region.

 

Study Objective of Internet of Things Market

  • To provide detailed analysis of the market structure along with forecast of the various segments and sub-segments of the Global Internet of Things Market
  • To provide insights about factors affecting the market growth
  • To analyze the Global Internet of Things Market based on various factors- price analysis, supply chain analysis, porter’s five force analysis etc.
  • To provide historical and forecast revenue of the market segments and sub-segments with respect to four main geographies and their countries- North America, Europe, Asia, and Rest of the World (ROW)
  • To provide country level analysis of the market with respect to the current market size and future prospective
  • To provide country level analysis of the market for segment by service, by solutions, by application and sub-segments.
  • To provide strategic profiling of key players in the market, comprehensively analyzing their core competencies, and drawing a competitive landscape for the market.

 

Taste the market data and market information presented through more than 50 market data tables and figures spread in 110 numbers of pages of the project report. Avail the in-depth table of content TOC & market synopsis on “Global Internet of Things Market Research Report- Global Forecast 2022

 

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.

 

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