Internet of Things (IoT) Testing Market by Testing Type (Functional, Performance, Network, Security, Compatibility, and Usability), Service Type (Professional and Managed), Application Type, and Region - Global Forecast to 2021

“The Internet of Things (IoT) testing market is expected to grow at a CAGR of 35.4% from 2016 to 2021 owing to the rising importance of DevOps and critical need for IP and shift left testing”
The IoT testing market size is expected to grow from USD 302.9 million in 2016 to USD 1,378.5 million by 2021, at a CAGR of 35.4% from 2016 to 2021. Enterprises need flexible infrastructure and platform for developing, testing, and managing applications. DevOps software and solution offers end-to-end planning, coordination, and execution of releases and helps organizations to build collaborative workflows between development and operations to accelerate release cycles of the IoT applications and boost the ROI of enterprises. However, for the agile development of IoT applications and DevOps, there is a critical need for pro-active and automated testing tools and solutions to test IoT applications at the required benchmark and ensure the functionality and performance of IoT applications.
“Device field testing professional service type is expected to gain maximum traction during the forecast period”
The device field testing service provider offers real-time testing assurance of the device operability and workability in the actual field. Such service providers not only test the devices in the static field environment, but also in the dynamic field environment to ensure its actual on field operation to commercial users. Device field testing assures device functionality, compatibility, accessibility, performance, and security to IoT vendors.
“Mobile application testing services segment is projected to have the largest market size in IoT testing market during the forecast period’
Mobile application testing services offered by major testing vendors fundamentally test handheld mobile devices for their functionality, performance, usability, security, among others. In addition to this testing, lab testing, installation testing, load testing, and memory leakage testing are also carried out on mobile devices for its functionality and usability. Mobile application testing service providers offer both automated and manual mobile application testing to their commercial customers to test both native and hybrid mobile applications.
“North America is projected to have the largest market size and Asia-Pacific (APAC) is projected to grow at the highest rate during the forecast period”
North America is expected to hold the largest market share during the forecast period. The region holds major dominance owing to its sustainable and well-established economies, which empowers organizations to strongly invest in research and development activities, thereby contributing to the development of new technologies. Various organizations are keen on integrating IoT technologies in their processes that has boosted the growth of the IoT testing market significantly. The APAC market is expected to witness the significant growth and is projected to be the fastest-growing region in the IoT testing market. The region has a competitive advantage over other regions with many players providing local cost-efficient solutions, easy availability of trained labors, and flexible regulations & policies.
In addition, these countries are taking aggressive initiatives to upsurge the IoT infrastructure, enabling commercial users to adopt the cutting-edge technology. The growing adoption of trending technologies such as SaaS based applications and the rising demand for fabric virtualization and DevOps application are responsible for the growth of the IoT testing market.
In the process of determining and verifying the market size for several segments and sub-segments gathered through secondary research, extensive primary interviews were conducted with key people. Break-up of profile of primary participants is as follows:
‧ By Company: Tier 1 – 30 %, Tier 2 – 40% and Tier 3 – 30%
‧ By Designation: C level – 72%, Director level – 14%, Others – 14%
‧ By Region: North America – 57%, Europe – 14%, APAC – 29%
The IoT testing ecosystem comprises major vendors such as Cognizant (U.S.), Infosys (India), HCL Technologies (India), Capgemini (France), TCS (India), Happiest Minds Technologies (India), AFour Technologies (U.S.), SmartBear Software (U.S.), Rapid Value Solutions (U.S.), and Rapid7 (U.S.).
Research Coverage:
The report includes in-depth competitive analysis of these key players in the IoT testing market, with their company profiles, SWOT analysis, recent developments, and key market strategies. The research report segments the IoT testing market by testing type, application type, service type, professional service type and region.
Reasons to buy the Report
The IoT testing market has been segmented on the basis of testing type, application type, service type, professional service type, and region. The report will help the market leaders/new entrants in this market in the following ways:
1. The overall IoT testing market in this report has been defined as the market size for multiple IoT testing services offered by IoT testing service vendors, inclusive of professional and managed IoT testing services. The report provides the closest approximations of the revenue numbers for the overall market and the sub-segments. The market numbers are further split into regions.
2. The report helps the stakeholders understand the pulse of the market and provides them information on key market drivers, restraints, challenges, and opportunities.
3. This report will help the stakeholders to better understand the competitors and gain more insights to better their position in the business. The competitive landscape section includes competitor ecosystem, new product developments, partnerships, and mergers & acquisitions.

TABLE OF CONTENTS

1 INTRODUCTION 13
1.1 OBJECTIVES OF THE STUDY 13
1.2 MARKET DEFINITION 13
1.3 MARKET SCOPE 14
1.3.1 MARKETS COVERED 14
1.3.2 YEARS CONSIDERED FOR THE STUDY 15
1.4 CURRENCY 15
1.5 LIMITATIONS 15
1.6 STAKEHOLDERS 15
2 RESEARCH METHODOLOGY 16
2.1 RESEARCH DATA 16
2.1.1 USE CASES AND TESTING COVERAGE 17
2.1.2 SECONDARY DATA 17
2.1.3 PRIMARY DATA 17
2.1.3.1 Breakdown of primary interviews 18
2.1.3.2 Key industry insights 18
2.2 MARKET SIZE ESTIMATION 19
2.3 ASSUMPTIONS 21
3 EXECUTIVE SUMMARY 22
4 PREMIUM INSIGHTS 26
4.1 ATTRACTIVE MARKET OPPORTUNITIES IN THE IOT TESTING MARKET 26
4.2 IOT TESTING MARKET: TOP THREE GROWING TESTING TYPE 26
4.3 IOT TESTING MARKET, BY COMPONENT AND BY REGION, 2016 27
4.4 IOT TESTING MARKET, BY REGION, 2016 VS. 2021 27
4.5 BEST MARKETS TO INVEST (2016–2021) 28
4.6 LIFECYCLE ANALYSIS, BY REGION 28
5 MARKET OVERVIEW 30
5.1 MARKET SEGMENTATION 31
5.1.1 BY TESTING TYPE 31
5.1.2 BY SERVICE TYPE 32
5.1.3 BY PROFESSIONAL SERVICE TYPE 32
5.1.4 BY APPLICATION TYPE 33
5.1.5 BY REGION 33
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5.2 MARKET DYNAMICS 33
5.2.1 DRIVERS 34
5.2.1.1 Microservices driving the development of enhanced IoT applications 34
5.2.1.2 Rising importance of DevOps 35
5.2.1.3 Need for IP testing of rising IoT devices 35
5.2.1.4 API monitoring is set to play a crucial role 35
5.2.1.5 Need for shift left testing of IoT applications 35
5.2.2 RESTRAINTS 36
5.2.2.1 Dead apps pose a formidable restraint to enterprises 36
5.2.2.2 Shadow IT risk 36
5.2.2.3 Lack of consistency among standards for interconnectivity and interoperability 36
5.2.3 OPPORTUNITIES 37
5.2.3.1 Advent of software-defined application platform and controllers 37
5.2.3.2 Aligning management strategy with organizational strategic initiatives 37
5.2.3.3 Testing using service virtualization 37
5.2.4 CHALLENGES 38
5.2.4.1 Private data of individuals at risk 38
5.2.4.2 Test every possible input to every possible variable 38
5.2.4.3 Scalability of the IoT system and applications 38
5.2.4.4 Operational challenges such as real-time complexity, dynamic environment, and lack of compatibility and connectivity 39
6 INDUSTRY TRENDS 40
6.1 INTRODUCTION 40
6.2 SYSTEM ARCHITECTURE 40
6.3 STRATEGIC BENCHMARKING 41
7 IOT TESTING MARKET ANALYSIS, BY TESTING TYPE 42
7.1 INTRODUCTION 43
7.2 FUNCTIONAL TESTING 44
7.3 PERFORMANCE TESTING 45
7.4 NETWORK TESTING 46
7.5 SECURITY TESTING 47
7.6 COMPATIBILITY TESTING 48
7.7 USABILITY TESTING 49
8 IOT TESTING MARKET ANALYSIS, BY SERVICE TYPE 51
8.1 INTRODUCTION 52
8.2 PROFESSIONAL SERVICES 53
8.2.1 BUSINESS CONSULTING SERVICES 54
8.2.2 PLATFORM TESTING SERVICES 55
8.2.3 DEVICE FIELD TESTING SERVICES 56
8.2.4 MOBILE APPLICATION TESTING SERVICES 57
8.2.5 DEVICE AND APPLICATION MANAGEMENT SERVICES 58
8.2.6 TRAINING AND SUPPORT SERVICES 59
8.3 MANAGED SERVICES 60
9 IOT TESTING MARKET ANALYSIS, BY APPLICATION TYPE 62
9.1 INTRODUCTION 63
9.2 SMART BUILDING AND HOME AUTOMATION 64
9.3 CAPILLARY NETWORKS MANAGEMENT 65
9.4 SMART UTILITIES 66
9.5 VEHICLE TELEMATICS 67
9.6 SMART MANUFACTURING 68
9.7 SMART HEALTHCARE 70
10 GEOGRAPHIC ANALYSIS 71
10.1 INTRODUCTION 72
10.2 NORTH AMERICA 74
10.3 EUROPE 78
10.4 ASIA-PACIFIC 80
10.5 MIDDLE EAST AND AFRICA 85
10.6 LATIN AMERICA 88
11 COMPANY PROFILES 90
11.1 INTRODUCTION 90
(Overview, Financials, Products & Services, Strategy, and Developments)*
11.2 COGNIZANT TECHNOLOGY SOLUTIONS CORPORATION 90
11.3 INFOSYS LIMITED 93
11.4 CAPGEMINI S.A. 96
11.5 RAPID7 INC. 99
11.6 SMARTBEAR SOFTWARE 102
*Details on overview, financials, product & services, strategy, and developments might not be captured in case of unlisted companies.
12 KEY INNOVATORS 104
12.1 TATA CONSULTANCY SERVICES 104
12.1.1 BUSINESS OVERVIEW 104
12.2 HCL TECHNOLOGIES LTD. 105
12.2.1 BUSINESS OVERVIEW 105
12.3 HAPPIEST MINDS TECHNOLOGIES 106
12.3.1 BUSINESS OVERVIEW 106
12.4 RAPIDVALUE SOLUTIONS 107
12.4.1 BUSINESS OVERVIEW 107
12.5 SAKSOFT LIMITED 109
12.5.1 BUSINESS OVERVIEW 109
12.6 APICA SYSTEM 110
12.6.1 BUSINESS OVERVIEW 110
12.7 NOVACOAST, INC. 111
12.7.1 BUSINESS OVERVIEW 111
12.8 TRUSTWAVE HOLDINGS 112
12.8.1 BUSINESS OVERVIEW 112
12.9 IXIA 113
12.9.1 BUSSINESS OVERVIEW 113
12.10 BEYOND SECURITY 114
12.10.1 BUSINESS OVERVIEW 114
12.11 AFOUR TECHNOLOGIES PVT LTD 115
12.11.1 BUSINESS OVERVIEW 115
12.12 PRAETORIAN 116
12.12.1 BUSINESS OVERVIEW 116
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13 APPENDIX 117
13.1 INDUSTRY EXPERTS 117
13.2 DISCUSSION GUIDE 118
13.3 KNOWLEDGE STORE: MARKETSANDMARKETS’ SUBSCRIPTION PORTAL 121
13.4 INTRODUCING RT: REAL-TIME MARKET INTELLIGENCE 123
13.5 AVAILABLE CUSTOMIZATIONS 125
13.6 RELATED REPORTS 125
13.7 AUTHOR DETAILS 127