Global IoT Software Market

Submitted by nileshg • March 5, 2019 www.maximizemarketresearch.com

Software became an important segment for the whole IoT industry after hardware and services with the security spending crossing the USD 1.5 billion in 2017 itself. From 2018 to 2020, the market for software will grow at a huge rate with double-digit compounded annual growth rate as a result of growing government involvement, and technological evolution in the business and consumer sector being the main contributing factors.

Software testing divisions in IoT sector are facing ever-growing challenge of software and hardware interaction with inability of transmitting a huge amount of real-time data.