The global IoT testing equipment market, valued at USD 2.24 billion in 2022, is projected to expand at a remarkable CAGR of 31.3%, reaching USD 34 billion by 2032. This growth is fueled by the increasing demand for renovation projects and technological advancements in both residential and commercial construction sectors. Given the complexity of IoT systems, ensuring device compatibility is essential. IoT testing equipment plays a crucial role in verifying factors such as device versions, browser types, and device generations prior to installation. Additionally, pilot testing is vital to observe device performance in real-world conditions, as lab tests alone may not provide accurate predictions. Regulatory testing is also a key driver, ensuring compliance with industry standards and regulations.
Vendors offer IoT testing equipment with updated hardware and software to efficiently perform the tests. IoT testing equipment is used in all the phases of development of IoT devices, i.e. research & development, design & validation, compliance, manufacturing, deployment, and services.
IoT testing equipment covers all the cellular and non-cellular technologies such as NB-IoT, LTE-M, Sigfox, LoRa WAN, and others. The IoT testing equipment is segmented as hardware and software. IoT Testing equipment’s software is Wireshark, Tcpdump, and others.
IoT testing equipment hardware includes devices such as JTAG Dongle, Software defined radio, Digital storage oscilloscope, and others. Advantages of IoT testing equipment are improved connectivity, predictive management, remote maintenance, and others. Several developments in the IoT testing equipment with reference to technology is expected to drive the growth of the global IoT testing equipment market during the forecast period.
IoT Testing Equipment Market: Drivers and Challenges
The increasing adoption of IoT devices in the residential, industrial, and commercial sector is driving the global IoT testing equipment market. The government initiatives such as smart cities, connected building, smart homes are fuelling the global IoT testing equipment market.
The continuous development in infrastructure, increasing adoption of smartphones, and others are also expected to have a positive impact on the growth of global IoT testing equipment market.
The challenges associated with the growth of the global IoT testing equipment market are the failure in real-time data testing, hardware software compatibility, and others. However, vendors are continuously focused on the development of advanced IoT testing equipment to overcome the above-mentioned challenges.
IoT Testing Equipment Market: Key Players
Some of the key players for IoT testing equipment are McGrath RentCorp, Inc., Anritsu, ROHDE&SCHWARZ, Keysight Technologies, Ixia, RIGOL Technologies, Inc., Tekronix, Infostretch Corporation, Shenzhen Te-lead Technologies Co., Ltd, Test IO, and others.
IoT Testing Equipment Market: Regional Overview
North America and Western Europe is expected to have the prominent market share of global IoT test equipment market during the forecast period. The huge adoption of IoT in the countries of these regions is expected to drive the global IoT testing equipment market. The developing countries of APEJ and Latin America such as Mexico, India, China, and others are expected to project high Y-o-Y during the forecast period of global IoT testing equipment market.
IoT Testing Equipment Market: Market Segmentation
IoT testing equipment market can be segmented as:
- Generators
- Oscilloscopes
- Protocol Analyzers
- Spectrum Analyzers
- Network Analyzers
- Others
IoT testing equipment market can be segmented as:
- Smart Homes
- Smart Wearable
- Health Care
- Connected Factory
- Connected Vehicle
- Connected Buildings
- Others
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