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Industries Revolutionized by IoT Testing: From Healthcare to Smart Cities

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“The Global IoT Testing Services Market involves testing services that ensure IoT devices, like smart home gadgets and wearable tech, work properly and securely. As IoT devices grow in popularity, these testing services are crucial for their performance and safety.”

BOSTON, Jan. 28, 2025 /PRNewswire/ — According to the latest study from BCC Research, the demand for Global IoT Testing Services Market will reach $10.4 billion by 2029 and is expected to see a healthy CAGR of 22.6% during the forecast period.

This report analyzes the global market for IoT testing services market, including trends, revenue breakdowns, and forecasts from 2024 to 2029. It covers service types, testing types, end-user industries, and the regions of North America, Europe, and Asia-Pacific. The report also highlights market challenges, key companies, new technologies, and ESG trends.

Interesting facts:

A GSMA Intelligence report predicts that IoT connections will exceed 38 billion by 2030. Rapid and automated testing is essential to ensure that IoT devices work reliably. Performance and functional tests are crucial for meeting standards and ensuring that devices perform well in different conditions. With the rapid growth of IoT, the demand for reliable testing services is increasing to ensure compatibility, security, and proper functioning.

Factors contributing to the growth of the market include:

Adoption of automated testing tools: Automated testing tools use software to test systems, speeding up the process, reducing errors, and ensuring functionality. They help companies quickly find issues, check performance, and improve quality, making development more efficient.IoT Testing-as-a-Service (TaaS): TaaS is a cloud service that provides on-demand testing for IoT devices, covering performance, security, and compatibility. It saves companies time and money by outsourcing testing, letting them focus on product development.Demand for 5G-driven testing: As 5G technology proliferates, the demand for specialized testing grows to ensure devices work efficiently on 5G networks. Companies need to test their products to meet performance standards and user expectations for higher speeds and lower delays.

Request a Sample Copy of the Global IoT Testing Services Market Report

Report Synopsis

Report Metric

Details

Base year considered

2023

Forecast period considered

2024 to 2029

Base year market size

$3.2 billion

Market size forecast

$10.4 billion

Growth rate

CAGR of 22.6% during 2024-2029

Segments covered

Service Type, Testing Type, End-User Industry, and Region

Regions covered

North America, Europe, Asia-Pacific, and the Rest of the World (RoW)

Market drivers

•         Adoption of automated testing tools.

•         IoT Testing-as-a-Service (TaaS).

•         Demand for 5G-driven testing.

 

 

This report addresses the following key questions:

What is the market’s projected size and growth rate?
The global market for IoT testing services is projected to reach $10.4 billion by 2029 and is expected to see a CAGR of 22.6% during the forecast period.What factors are driving the growth of the global IoT testing services market?
These Include rising adoption of automated testing tools, growth of IoT TaaS, and demand for 5G-driven testing.Which IoT testing service type will dominate the market in 2029?
The professional services segment will dominate the market in 2029, driven by rising demand for specialized expertise and consulting in managing complex IT environments.Which region has the largest share of the global market?
North America had the largest market share.

Leading companies in the market include:

AFour Technologies       ApexonAT&T     eInfochipsHappiest Minds               ImpactQAQATestLab           Rapid7TestFort                TestingXperts

Related reports include:

Industrial IoT (IIoT): Global Markets: Industrial IoT (IIoT) refers to the use of IoT technology in industries such as manufacturing, energy, transportation, and healthcare. It connects machines and systems to gather and analyze data in real time, helping businesses improve efficiency, cut costs, and make better decisions.

Global IoT Chips Market: Refers to the worldwide demand and supply of microchips used in IoT devices. These chips are the “brains” inside IoT devices, enabling them to connect, communicate, and process data.

Purchase a copy of the report direct from BCC Research.

For further information or to make a purchase, please contact info@bccresearch.com.

About BCC Research 

BCC Research market research reports provide objective, unbiased measurement and assessment of market opportunities. Our experienced industry analysts’ goal is to help you make informed business decisions, free of noise and hype. 

Contact Us
Corporate HQ: 50 Milk St. Ste 16, Boston, MA 02109, USA
Email: info@bccresearch.com,
Phone: +1 781-489-7301

For media inquiries, email press@bccresearch.com or visit our media page for access to our market research library. 

Any data and analysis extracted from this press release must be accompanied by a statement identifying BCC Research LLC as the source and publisher.

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Act Now: ez1095 Software Simplifies ACA Corrections with Built-In XML Import Feature

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ez1095 ACA software includes a powerful XML data import feature included in the e-file version to streamline correction and replacement form filing.

REDMOND, Wash., Apr. 6, 2026 /PRNewswire/ — With ACA compliance deadlines approaching and penalties on the line, Halfpricesoft.com is urging employers and tax professionals to act quickly with the latest 2025 ez1095 software, now equipped with a built-in XML data import feature designed to simplify ACA correction and replacement form processing.

Don’t risk ACA penalties or last-minute filing stress. Get ahead of correction and replacement filing with ez1095. Download the software, leverage the built-in XML import feature, and ensure accurate, compliant ACA submissions, click here to get started now.

Developers at Halfpricesoft.com have enhanced ez1095 ACA (Affordable Care Act) software to include XML import functionality at no additional cost, allowing users to efficiently process corrections with greater speed and accuracy.

“ez1095 2025 software includes an XML data import feature to process correction and replacement forms more quickly and securely,” said Dr. Ge, Founder of Halfpricesoft.com.

This feature significantly reduces manual data entry and helps organizations manage ACA corrections with confidence. Businesses handling only a few corrections can choose to print paper forms with the “Corrected” box checked and submit by mail, while those needing to efile can follow step-by-step guidance here.

ez1095 supports all required ACA forms, including 1095-C, 1094-C, 1095-B, and 1094-B, and is IRS-approved to generate electronic filing documents for both current and prior tax years. By managing ACA filings in-house, organizations gain greater control, improved data security, and reduced processing costs.

The software also eliminates the need for pre-printed forms by allowing users to print both IRS and recipient copies on plain white paper. With robust import capabilities, including spreadsheets, XML files, and prior-year data, ez1095 ensures faster setup and streamlined processing.

Flexible Pricing Options:

$295 – Print & Mail Version

$495 – Federal Efile Version

$695 – State & Federal Efile Version

Each version supports unlimited companies, recipients, and ACA forms at no additional cost. Learn more

Key Features Include:

Built-in XML import for fast ACA correction processing

IRS-approved efile document generation

Support for original, correction, replacement, and test submissions

Print ACA forms (1095/1094 B & C) on plain white paper

Unlimited form processing for multiple companies

PDF generation for recipient distribution

No internet required to run the software

Easy step-by-step interface with built-in help resources

Efile direct, add-on feature available for those with no time or TCC code

Compatibility with Windows 11, 10, and 8

Don’t hesitate! Correct ACA forms today by visiting Halfpricesoft.com. Test drive the ez1095 for up to 30 days at no cost or obligation. Please note: Trial will appear on forms and efile feature is not enabled for test drive.

Halfpricesoft.com is a leading provider of small business software, including payroll, accounting, time tracking, and check printing solutions. Its product lineup includes W2, 1099, and 1095 form software, as well as ezACH direct deposit tools. Trusted by businesses for over two decades, Halfpricesoft.com helps streamline operations and simplify payroll and tax reporting.

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Code & Co. Opens New York Office

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Kirby Montgomery Appointed to Lead Local Team

BERLIN, LONDON and NEW YORK, April 21, 2026 /PRNewswire/ — Code & Co., the global AI & Technology Due Diligence firm, today announces the opening of its New York City office and the appointment of Kirby Montgomery as Head of North America.

The US has long been a core market for the firm, accounting for a significant share of its 800+ engagements to date. Kirby will lead the local expert team, backed by Code & Co.’s practice and proprietary AI and software platform.

An operator-first appointment with a decade of PE-adjacent experience

Kirby brings twenty years of experience scaling software products across fintech, payments, and healthtech. Most recently, he was Head of Product and GM at SAP Taulia, leading the 0-to-1 build of a new payments line. Earlier, as VP of Product Management at C2FO, he helped replatform a supply chain finance product generating over $130M in gross revenue and launched the C2FO API platform. As Director of International Product at TreviPay (then MSTS), he helped scale annual transactions to $5B and expand from 4 to 30 countries, ahead of its acquisition by Corsair Capital in 2020. He also co-founded TheraWe, acquired by Rethink First (a K1 Capital platform).

Code & Co. first met Kirby in 2020 during its Tech DD on MSTS for the Corsair transaction. Over the next six years, he worked alongside the firm in a senior advisory capacity, making a full-time move the obvious next step.

From Our Leadership Team

“We have been serving US clients for years, but having a strong team on the ground, in their timezone, changes what we can deliver. Faster access and the speed to insight that modern deal-making demands, backed by our global team with 800+ deals behind them.”
– Dan Bender, Founding Partner

“Most investors are asking harder questions about AI than ever before and need answers they can act on. That is what drew me to Code & Co. The team has spent a decade building the tools, methodology, and track record to give investors real conviction and real-world action plans. I am here to scale that further, on both the buy-side and sell-side, and everything in between.”
– Kirby Montgomery, Head of North America

What We Do

Code & Co. offers an end-to-end suite of AI & Technology DD services, purpose-built for the pace and demands of modern deal-making.

AI & Tech DD: Fast, actionable, data-driven buy-side assessments covering every major market, strategy, and sector, supporting funds from first look through the entire value creation lifecycle.Sell-side & Vendor DD: Helping sellers get ahead of buyer scrutiny with rigorous exit readiness assessments and vendor DD materials that hold up to sophisticated acquirers.Lightning DD: Rapid pre-qualification delivering a sharp first point of view, driven by document analysis, deep research, and web signal intelligence, before significant time or capital is committed to a process.Cyber & IT DD: Full-spectrum infrastructure, security posture, and IT operational risk review, relevant across virtually every deal type.Embedded Software & Hardware: In-house expertise across embedded systems, hardware-adjacent software, and Industry 4.0 and IIoT environments.AI Future Readiness: Cutting through AI hype to assess whether a company’s strategy, architecture, governance, team, and roadmap are genuinely defensible and built to scale.Portfolio Monitoring & Continuous Diligence: Ongoing technology and AI maturity tracking across portfolio companies, powered by Code & Co.’s proprietary software stack.

About Code & Co.

Code & Co. is a leading AI & Technology DD firm serving private equity and growth investors globally. Founded in 2016, the firm has completed 800+ engagements for 200+ funds across buy-side, sell-side, and vendor mandates. Every team member is an operator with hands-on experience in technology, product, and AI. www.codeandco.com

Full press release: https://www.codeandco.com/media/code-co-opens-new-york-office

For inquiries: hello@codeandco.com

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Fastmarkets and Expana form strategic partnership to strengthen forest products market intelligence

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LONDON, April 21, 2026 /PRNewswire/ — Fastmarkets and Expana, global leaders in commodity price reporting and market intelligence, today announced a strategic partnership to deliver deeper, more actionable forest products intelligence to customers.

Under the partnership, Fastmarkets’ trusted forest products price benchmarks will be integrated directly into the Expana platform, giving customers streamlined access to essential upstream pricing alongside downstream market insights. The collaboration is designed to support faster, more confident decision‑making across increasingly complex and volatile forest products markets.

By combining Fastmarkets’ authoritative, IOSCO‑compliant price assessments with Expana’s downstream intelligence and analytics, customers can access critical pricing for key forest product categories – including pallets, wood, recovered paper and packaging – within a single workflow.

“As forest products markets become more volatile and margin pressure increases, customers need trusted price benchmarks embedded alongside downstream intelligence,” said Raju Daswani, CEO at Fastmarkets. “Partnering with Expana allows us to deliver that combination in a way that is practical, decision‑ready and directly aligned with how Expana’s agri-food customers operate.”

Fastmarkets delivers some of the most widely relied-upon forest products price assessments globally, spanning pulp, recovered paper, timber, biomass, wood products, pallets, tissue, nonwovens and graphic paper. These benchmarks provide transparency and confidence to buyers, sellers and traders navigating dynamic market conditions.

“At Expana, we are committed to providing our users with comprehensive, reliable data to support smarter decision-making,” said Julie Harris, CEO at Expana “Fastmarkets’ authoritative forest products price benchmarks are a natural fit for our customers, and this partnership represents a meaningful step forward in expanding the insights available on our platform,” she added.

Expana delivers comprehensive market intelligence and analytics across food, beverage and FMCG supply chains, with deep expertise in packaging materials, industrial inputs and cost modeling. The platform’s advanced analytics and forecasting tools help customers understand cross-commodity relationships and supply chain impacts, enabling more strategic procurement decisions across volatile markets.

The partnership reflects a shared commitment by Fastmarkets and Expana to improving market transparency and equipping customers across the value chain with high‑quality, decision‑critical intelligence.

For more information, contact media@fastmarkets.com or visit www.fastmarkets.com.

ABOUT FASTMARKETS

Fastmarkets is an industry-leading PRA and information provider for the agriculture, forest products, metals, carbon and energy transition markets. Its benchmark prices, analytics, forecasts, and insights are critical to customers seeking to trade, manage risk, and understand complex global markets.

Fastmarkets was founded in 1913, with a heritage dating back to 1865 through several of its acquired brands. Fastmarkets employs more than 700 people worldwide, with offices across Europe, the Americas, and Asia. The company is privately held and backed by Astorg, a leading European private equity firm.

ABOUT EXPANA

Expana is the world’s leading agrifood-focused Price Reporting Agency and global information provider. In markets defined by volatility, opacity and risk, Expana equips businesses with the foresight when to buy or sell, how much, where to source, what to reformulate and how to price. By uniting frequently updated pricing data, predictive forecasts, cost modeling and expert analysis, Expana transforms market data into negotiation power and boardroom-ready intelligence. The result: reduced risk, millions saved in COGS, stronger supply resilience, and faster, more confident growth.

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