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(Wireless-NewsWire.Com, May 26, 2018 ) SUMMARY
Research Cosmos forecasts the Internet of IoT testing market size to grow from USD 302.9 Million in 2016 to USD 1,378.5 Million by 2021, at a Compound Annual Growth Rate (CAGR) of 35.4%.
The IoT testing market is segmented on the basis of testing types, service types, and application types markets. The testing type segment is categorized into functional testing, performance testing, network testing, security testing, compatibility testing, and usability testing. Network testing holds the largest market share in the testing type segment, as network testing in IoT verifies the working and behavior of IoT applications with heterogeneous network connections and ensures synchronization of application with all different networking protocols to ensure seamless connectivity across the IoT platform. The service type segment is categorized into professional and managed services. The professional service type segment includes business consulting services, platform testing services, device field testing services, mobile application testing services, device & application management services, and training & support services. The application type segment is categorized into smart building & home automation, capillary networks management, smart utilities, vehicle telematics, smart manufacturing, and smart healthcare.
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IoT describes how the internet will get bigger as sensors and intelligence are connected to physical things or consumer smart devices that are connected to the Internet. IoT is being adopted by different industries as a result of increasing daily business operations, new functionality for customers, and reduction in the expenses. The complex architecture of IoT systems and their unique characteristics make it mandatory to perform various types of testing across all system components. In order to ensure the scalability, performance, and security of IoT applications, the following types of testing are conducted: functional testing, performance testing, network testing, security testing, compatibility testing, and usability testing. Functional testing of IoT devices includes the testing of interaction between devices, valid calculation, error handling, and basic device testing required for the performance of IoT application. Performance testing in IoT is carried out for performance validation of IoT devices and application performance, data transmit frequency between IoT device and application, multiple request handling carried out by smart devices, interrupt testing, and synchronization between IoT device & application. Network testing in IoT verifies the working and behavior of IoT applications with heterogeneous network connections and ensures synchronization of application with all different networking protocols to ensure seamless connectivity across the IoT platform. Security testing delivers comprehensive insights into security weaknesses present in infrastructures and IoT applications, which help to protect the IoT ecosystem from advanced persistent threats, zero-day attacks, and other cyber threats. In the IoT space, compatibility testing involves a comprehensive test of the various combinations of the sensors, applications, devices, platforms, and protocols. Usability testing refers to evaluating an IoT application with the respective user to identify any usability problem, collect the qualitative & quantitative data, and determine the user satisfaction of the application. IoT testing requires a dedicated team to test the IoT applications according to the changing needs of the customer.
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A strategic approach with a strong test strategy is essential in testing an IoT application since all the components may work well in isolation but may not work as an integrated solution.
North America is expected to hold the largest market share and would dominate the IoT testing market from 2016 to 2021. This region has major dominance with sustainable and well-established economies, empowering them to strongly invest in research and development activities, thereby contributing to the development of new technologies such as IoT, big data, DevOps, and mobility. This adoption impacted the growth of testing services market extensively. Organizations are also keen to integrate IoT technologies in their processes, which boosted the growth of the IoT testing market significantly. Asia-Pacific (APAC) has witnessed advanced and dynamic adoption of new technologies and has always been a lucrative market.
The lack of uniform testing standards and data security & privacy concerns are some of the restraining factors for the IoT testing market. However, the recent developments, new product launches, and acquisitions of major market players in the testing arena are boosting the growth of the market. This study also measures and evaluates the major offerings and key strategies of major vendors such as Infosys (India), HCL (India), TCS (India), Cognizant (U.S.), Capgemini (France), SmartBear Software (U.S.), and Happiest Minds Technologies (India) have been at the forefront in offering innovative IoT testing services and solutions to their commercial clients across diverse geographical locations.
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