Revenue In IoT Test and Measurement To Reach $3.25 Billion By 2025: Frost & Sullivan

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  • It also said that because of COVID-19 the proliferation of machine-to-machine (M2M) devices will decrease during 2020
  • This will have a significant impact on the demand for testing equipment that validates their performance

The revenue in the IoT Test and Measurement market will reach $3.25 billion by 2025 according to a report by Frost & Sullivan. It will move up from $2.40 billion in 2019. The proliferation of edge computing and testing M2M solutions will drive the IoT Test and Measurement market by 2025.

It also said that because of COVID-19 the proliferation of machine-to-machine (M2M) devices will decrease during 2020. It added that this will have a significant impact on the demand for testing equipment that validates their performance (with the exception of equipment for connected health applications.

Rohan Joy Thomas, Measurement & Instrumentation industry analyst at Frost & Sullivan said, “5G development for IoT use cases will continue to be important during the pandemic. Given the complex nature of its deployment, there would be a requirement for software-based testing solutions that can test virtualized 5G network slices as well as test broad frequency spectrums. Going forward, understanding the performance of proprietary applications on connected devices outside the enterprise secure network infrastructure is a key challenge that test and measurement companies need to resolve.”

He added, “Of all the IoT applications, test and measurement solutions that are used to test M2M applications in the connected home environment are the most dominant, representing 45.7 per cent of all IoT test applications. As the healthcare sector plays a crucial role in combating COVID-19, test and measurement solutions used for connected health applications will experience the highest CAGR of all applications over the forecast period.”

Test high-speed Ethernet interfaces

The proliferation of IoT across industries will present big growth opportunities for market participants involved in the IoT test and measurement space. Frost & Sullivan recommends that they develop solutions that can test high-speed Ethernet interfaces as well as physical entities. It also asked to provide over-the-air testing solutions that can test sub-6 gigahertz as well as higher millimeter wave applications.

It further asked to introduce enhanced software testing capabilities along with artificial intelligence, machine learning, and cybersecurity to enhance the portfolio. It also asked to provide solutions that can regulate the consumption of energy from connected devices operating at narrowband frequencies and low energy levels. This increases the device’s longevity.

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