The market for IoT testing is driven by the advent of the internet of things. The growing adoption of IoT, such as in the healthcare and retail sectors, is driving the need for testing services to ensure smooth operations. In order to enhance the efficiency of various applications, the companies are rapidly deploying digital solutions, including IoT devices, which is contributing to the demand for testing solutions to monitor the performance levels of these devices. Moreover, the development of 5G technology, including wireless devices, is anticipated to favour the market growth in the forecast period.
There has been a rise in the demand for robust and reliable 5G and IoT device test solutions to address requirements mandated by regulatory bodies. For instance, in July 2021, Keysight Technologies, Inc. (NYSE: KEYS) announced the selection of its 5G and internet of things (IoT) test solutions by DEKRA, a global test organisation, in order to expand its 5G new radio (NR), Bluetooth 5, and Wi-Fi 6 device regulatory compliance services. Keysight’s support to DEKRA is likely to help the company achieve cost-effective targets and bolster the IoT testing process.
In terms of region, North America is likely to account for a significant share of the market, owing to the increased adoption of internet of things (IoT) across various end use sectors such as manufacturing, healthcare, food and beverage, and retail, among others. Over the forecast period, the market in the region is anticipated to benefit from the development of innovative IoT devices, rapid technological advancements, and the presence of advanced infrastructure.
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The major players in the global IoT testing market are International Business Machines Corporation, Novacoast, Inc., Keysight Technologies, Inc., Praetorian Security, Inc., and AFour Technologies Pvt. Ltd., among others. The comprehensive report by EMR looks into the market share, capacity, and latest developments like mergers and acquisitions, plant turnarounds, and capacity expansions of the major players.
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