FACTS AT A GLANCE
Edition: 5; Released: April 2021
Executive Pool: 1098
Companies: 37 – Players covered include Afour Technologies Pvt Ltd; Apica System; Beyond Security; Capgemini S.A.; HCL Technologies Ltd.; Happiest Minds Technologies; Infosys Limited; Ixia; Novacoast, Inc.; Praetorian; Rapid7 Inc.; Rapidvalue Solutions; Saksoft Limited; Smartbear Software; Tata Consultancy Services; Trustwave Holdings and Others.
Coverage: All major geographies and key segments
Segments: Type (Network Testing, Functional Testing, Performance Testing, Security Testing, Compatibility Testing, Usability Testing)
Geographies: World; United States; Canada; Japan; China; Europe (France; Germany; Italy; United Kingdom; and Rest of Europe); Asia-Pacific; Rest of World.
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Global Internet of Things (IoT) Testing Market to Reach $5.5 Billion by 2026
Amid the COVID-19 crisis, the global market for Internet of Things (IoT) Testing estimated at US$988.8 Million in the year 2020, is projected to reach a revised size of US$5.5 Billion by 2026, growing at a CAGR of 32.8% over the analysis period. Network Testing, one of the segments analyzed in the report, is projected to record a 35.2% CAGR and reach US$2.8 Billion by the end of the analysis period. After a thorough analysis of the business implications of the pandemic and its induced economic crisis, growth in the Functional Testing segment is readjusted to a revised 33.7% CAGR for the next 7-year period.
The U.S. Market is Estimated at $413.6 Million in 2021, While China is Forecast to Reach $940 Million by 2026
The Internet of Things (IoT) Testing market in the U.S. is estimated at US$413.6 Million in the year 2021. China, the world`s second largest economy, is forecast to reach a projected market size of US$940 Million by the year 2026 trailing a CAGR of 31.7% over the analysis period. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 29.8% and 27.9% respectively over the analysis period. Within Europe, Germany is forecast to grow at approximately 22.8% CAGR.
Performance Testing Segment to Reach US$882.3 Million by the year 2026
In the global Performance Testing segment, USA, Canada, Japan, China and Europe will drive the 31.4% CAGR estimated for this segment. These regional markets accounting for a combined market size of US$134.8 Million in the year 2020 will reach a projected size of US$911.7 Million by the close of the analysis period. China will remain among the fastest growing in this cluster of regional markets. More
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