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IoT Testing Market Size - Industry Analysis Report, Regional Outlook, Growth Potential, Competitive Market Share & Forecast, 2024 – 2032


Published on: 2024-07-07 | No of Pages : 240 | Industry : Media and IT

Publisher : MRA | Format : PDF&Excel

IoT Testing Market Size - Industry Analysis Report, Regional Outlook, Growth Potential, Competitive Market Share & Forecast, 2024 – 2032

IoT Testing Market Size - Industry Analysis Report, Regional Outlook, Growth Potential, Competitive Market Share & Forecast, 2024 – 2032

IoT Testing Market Size

IoT Testing Market size will register significant growth between 2024 and 2032, owing to increased partnerships and product launches by industry leaders. Collaborations between companies drive innovation and expand service offerings, while new product launches cater to evolving consumer needs. 

For instance, in February 2024, Rohde & Schwarz advanced NTN NB-IoT technology rollout with new GCF-certified test cases. Successful verification of 3GPP Rel. 17 NTN NB-IoT test cases at Conformance Agreement Group #77 meeting activated conformance testing for NTN NB-IoT devices. Collaborating with tier 1 chipset vendors such as Qualcomm Technologies, Sony Semiconductor and Mediatek, Israel’s Altair, Rohde & Schwarz drove the adoption of NTN-based IoT across sectors including smartphone, automotive, consumer, agriculture, logistics, maritime, and mining. 

These initiatives foster a competitive landscape and spur the adoption of IoT testing solutions across various sectors. Consequently, the market witnesses a surge in demand as businesses prioritize quality assurance and seamless integration in their IoT deployments, amplifying the importance of robust testing methodologies.

The IoT testing market experiences increasing demand as more leading companies prioritize testing systems to enhance service quality. With the proliferation of IoT applications across industries, ensuring reliability and functionality becomes paramount. Consequently, companies invest in comprehensive testing solutions to detect vulnerabilities, optimize performance, and ensure seamless integration. This trend reflects a growing recognition of the critical role testing plays in delivering robust IoT services, driving the demand for advanced testing methodologies and technologies.

For instance, in October 2023, Vodafone Idea announced the completion of testing for over 50 Internet of Things (IoT) devices, certifying them according to oneM2M and 3GPP standards for interoperability. The testing took place at the IoT Lab, established in collaboration with the Centre for Development of Telematics (C-DoT). To date, five devices have received certification as "network ready" from this lab. Additionally, the Vi-C-DOT IoT Lab has expanded its testing scope to include 5G and Narrow Band-IoT (NB-IoT) devices. 

The IoT testing industry faces several restraints. The complexity of IoT ecosystems presents challenges in ensuring comprehensive test coverage across diverse devices and networks. In addition, the lack of standardized testing methodologies hampers interoperability and comparability between solutions. Also, security concerns regarding data privacy and protection hinder market growth as companies hesitate to adopt IoT technologies without robust security measures in place. Moreover, budget constraints limit investment in advanced testing tools and technologies, impacting the quality and scalability of IoT testing services. These restraints collectively impede the market expansion.

IoT Testing Market Trends

A prominent trend in the IoT testing industry is the increasing validation and acknowledgment of devices by leading companies. As more businesses recognize the critical importance of reliable IoT solutions, they are placing greater emphasis on rigorous testing protocols. This trend is driven by a desire to ensure seamless functionality, interoperability, and security. Leading companies are setting the standards for device validation, influencing industry practices, and driving demand for comprehensive testing services. Consequently, the IoT testing market is witnessing a surge in demand as businesses prioritize quality assurance in their IoT deployments.

To cite an instance, in January 2024, NB-IoT NTN Protocol Conformance Tests, the first on the 5G NR Mobile Device Test Platform ME7834NR, powered by Sony Semiconductor Israel's Altair device was successfully validated as announced by Anritsu. NTN NB-IoT, a crucial IoT feature, is particularly beneficial for deployments in remote regions lacking terrestrial cell network coverage, aiding asset tracking in maritime, logistics, mining, automotive, and other sectors. These conformance tests, outlined by 3GPP in TS 36.523-1 and aligned with core requirements in TS 36.331, have been submitted to 3GPP Radio Access Network Working Group 5 (RAN WG5) by Anritsu.

IoT Testing Market Analysis

Based on testing, the IoT testing industry from the network testing segment will show tremendous growth through 2032. Network testing helps identify security vulnerabilities in a network to minimize the risks of data breaches. As data breaches become a common occurrence in the connected world, the demand for network testing is increasing exponentially. As businesses strive to deliver uninterrupted services and optimize resource utilization, the demand for comprehensive network testing solutions continues to grow. This trend underscores the critical importance of testing in maintaining the integrity and functionality of IoT ecosystems.

With respect to application, IoT testing market share from the smart healthcare segment will gain remarkable momentum up to 2032, fueled by the growing integration of 5G in healthcare technologies. 5G integration is a relatively novel venture for medical technologies. However, it is witnessing notable investments from private and public entities. In December 2022, the UK government announced plans to accelerate research on 5G and 6G technology as part of its £110 million (USD 135 million) telecoms R&D package. The segment scenario is also driven by the emerging field of mHealth, birthed by the COVID-19 pandemic.

Europe IoT testing market will increase exponentially till 2032, due to the growing development of industrial Internet of Things (IIoT) initiatives in nations such as Germany. Moreover, surging investments in smart city infrastructure are further creating strong impetus for regional expansion. In fact, as part of its coronavirus stimulus package, Germany invested over €500 million (USD 541 million) towards its smart city development efforts. This heightened demand is fueled by stringent regulatory requirements, industry standards, and the desire to deliver superior user experiences. As a result, companies are investing in comprehensive testing solutions to validate IoT systems, driving market growth in the region.

IoT Testing Market Share

Major companies operating in the IoT testing industry competitive landscape include

  • Saksoft
  • Apica Systems
  •    Happiest Minds Technologies
  • Keysight Technologies
  •  Trustwave Holdings (Singapore Telecommunications Limited)
  •  IXIA
  • Cognizant

IoT Testing Industry News

·       In January 2024, TimeTick, a leading provider of IoT testing solutions, revealed its participation in the IoT Evolution Expo in Florida. The event was scheduled to take place from February 13-15, 2024, at the Broward County Convention Center in Fort Lauderdale. TimeTick's innovative product combines top-notch software development and testing methodologies for IoT devices with cutting-edge advancements in behavior analysis and artificial intelligence. This unique integration aims to offer companies a user-friendly tool for monitoring the performance and integrity of their device management systems.

What Information does this report contain?

Historical data coverage 2018 to 2023; Growth Projections 2024 to 2032.

Expert analysis industry, governing, innovation and technological trends; factors impacting development; drawbacks, SWOT.

6-7 year performance forecasts major segments covering applications, top products and geographies.

Competitive landscape reporting market leaders and important players, competencies and capacities of these companies in terms of production as well as sustainability and prospects.

 

Table of Content

  • Saksoft
  • Apica Systems
  •    Happiest Minds Technologies
  • Keysight Technologies
  •  Trustwave Holdings (Singapore Telecommunications Limited)
  •  IXIA
  • Cognizant

Table of Content

Will be Available in the sample /Final Report. Please ask our sales Team.
Will be Available in the sample /Final Report. Please ask our sales Team.