Xcode testing process is getting failed

We have an automation suite which needs to be triggered in IOS and while in execution, the xcode testing is getting failed abruptly and the error message is showing as “No installed application found for launch session.” and in console error message is showing as

“org.openqa.selenium.SessionNotCreatedException: Unable to create a new remote session. Please check the server log for more details. Original error: An unknown server-side error occurred while processing the command. Original error: Could not install ‘/var/folders/ln/nmh0hczs0mbg5cdrf7079wtw0000gn/T/202169-491-1vv29ml.u5gc/Expenses.app’: - Failed to receive any data within the timeout: 60000”

Kindly suggest how this can be resolved.