Internet of Things (IoT) Testing Equipment Market

By Service Type;

Professional and Managed

By Testing Type;

Functional Testing, Performance Testing, Network Testing, Compatibility Testing, Security Testing and Usability Testing

By Application;

Smart Building & Home Automation, Capillary Networks Management and Others

By End-User Industry;

Retail, Manufacturing, Healthcare, Energy & Utilities, IT & Telecom and Others

By Geography;

North America, Europe, Asia Pacific, Middle East & Africa and Latin America - Report Timeline (2021 - 2031)
Report ID: Rn320507804 Published Date: September, 2025 Updated Date: October, 2025

Internet of Things (IoT) Testing Equipment Market Overview

Internet of Things (IoT) Testing Equipment Market (USD Million)

Internet of Things (IoT) Testing Equipment Market was valued at USD 3,898.39 million in the year 2024. The size of this market is expected to increase to USD 26,086.91 million by the year 2031, while growing at a Compounded Annual Growth Rate (CAGR) of 31.2%.


Internet of Things (IoT) Testing Equipment Market

*Market size in USD million

CAGR 31.2 %


Study Period2025 - 2031
Base Year2024
CAGR (%)31.2 %
Market Size (2024)USD 3,898.39 Million
Market Size (2031)USD 26,086.91 Million
Market ConcentrationLow
Report Pages343
3,898.39
2024
26,086.91
2031

Major Players

  • McGrath RentCorp, Inc
  • Anritsu
  • ROHDE&SCHWARZ
  • Keysight Technologies
  • RIGOL Technologies

Market Concentration

Consolidated - Market dominated by 1 - 5 major players

Internet of Things (IoT) Testing Equipment Market

Fragmented - Highly competitive market without dominant players


The Internet of Things (IoT) Testing Equipment Market is witnessing steady growth as connected devices expand globally. Nearly 62% of IoT projects incorporate testing solutions to ensure device reliability, functionality, and security. The increasing complexity of IoT ecosystems is fueling demand for advanced validation tools.

Ensuring Network and Device Performance
The role of IoT testing tools in maintaining communication quality is expanding. Around 59% of connected systems undergo performance and interoperability checks to ensure consistent data exchange. These solutions help optimize connectivity and maintain reliability across large and diverse device networks.

Integration with Smart Consumer Devices
The rapid rise of consumer IoT electronics is driving higher adoption of testing equipment. Approximately 54% of smart appliances, wearables, and home automation systems rely on rigorous testing to confirm durability and functionality. These efforts ensure smooth user experiences and boost consumer confidence in IoT technologies.

Applications in Industrial IoT
The industrial sector represents a major area for IoT testing adoption. Close to 48% of connected machinery, robotics, and process automation systems are tested to validate accuracy, efficiency, and safety. This ensures consistent operations in mission-critical and high-performance industrial environments.

  1. Introduction
    1. Research Objectives and Assumptions
    2. Research Methodology
    3. Abbreviations
  2. Market Definition & Study Scope
  3. Executive Summary
    1. Market Snapshot, By Service Type
    2. Market Snapshot, By Testing Type
    3. Market Snapshot, By Application
    4. Market Snapshot, By End-User Industry
    5. Market Snapshot, By Region
  4. Internet of Things (IoT) Testing Equipment Market Dynamics
    1. Drivers, Restraints and Opportunities
      1. Drivers
        1. Rising Demand for Connected Devices
        2. Growing Focus on Data Security and Privacy
        3. Increasing Adoption of Cloud-based IoT Solutions
      2. Restraints
        1. High Cost of Testing Equipment
        2. Lack of Standardization
        3. Complexity of IoT Testing
      3. Opportunities
        1. Advancements in Automation and AI
        2. Rise of Managed Testing Services
        3. Focus on Emerging Technologies
    2. PEST Analysis
      1. Political Analysis
      2. Economic Analysis
      3. Social Analysis
      4. Technological Analysis
    3. Porter's Analysis
      1. Bargaining Power of Suppliers
      2. Bargaining Power of Buyers
      3. Threat of Substitutes
      4. Threat of New Entrants
      5. Competitive Rivalry

  5. Market Segmentation
    1. Internet of Things (IoT) Testing Equipment Market, By Service Type, 2021 - 2031 (USD Million)
      1. Professional
      2. Managed
    2. Internet of Things (IoT) Testing Equipment Market, By Testing Type, 2021 - 2031 (USD Million)
      1. Functional Testing
      2. Performance Testing
      3. Network Testing
      4. Compatibility Testing
      5. Security Testing
      6. Usability Testing
    3. Internet of Things (IoT) Testing Equipment Market, By Application, 2021 - 2031 (USD Million)
      1. Smart Building & Home Automation
      2. Capillary Networks Management
      3. Others
    4. Internet of Things (IoT) Testing Equipment Market, By End-User Industry, 2021 - 2031 (USD Million)
      1. Retail
      2. Manufacturing
      3. Healthcare
      4. Energy & Utilities
      5. IT & Telecom
      6. Others
    5. Internet of Things (IoT) Testing Equipment Market, By Geography, 2021 - 2031 (USD Million)
      1. North America
        1. United States
        2. Canada
      2. Europe
        1. Germany
        2. United Kingdom
        3. France
        4. Italy
        5. Spain
        6. Nordic
        7. Benelux
        8. Rest of Europe
      3. Asia Pacific
        1. Japan
        2. China
        3. India
        4. Australia & New Zealand
        5. South Korea
        6. ASEAN (Association of South East Asian Countries)
        7. Rest of Asia Pacific
      4. Middle East & Africa
        1. GCC
        2. Israel
        3. South Africa
        4. Rest of Middle East & Africa
      5. Latin America
        1. Brazil
        2. Mexico
        3. Argentina
        4. Rest of Latin America
  6. Competitive Landscape
    1. Company Profiles
      1. McGrath RentCorp, Inc
      2. Anritsu
      3. ROHDE&SCHWARZ
      4. Keysight Technologies
      5. RIGOL Technologies, Inc
  7. Analyst Views
  8. Future Outlook of the Market