Software Testing Market

Software Testing Market Share was valued at USD 37,200 Million in 2019 and is expected to register a CAGR of 7% during the forecast period.

Introduction of Software Testing Market Report

Software testing is a process to authenticate different application software and components of the system to detect errors in the development of high-quality software products. Software testing development follows the software testing life cycle (STLC) protocols to check the authenticity of software products. Software testing services are subscribed by software developers across various industry verticals to build high-quality software within a limited period.

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The major factor that is driving the growth of the Software Testing market globally is the rising popularity of test automation services. Test automation services are becoming increasingly popular among businesses as they reduce the test turnaround time and enhance testing technology performance. These systems consist of an automated testing methodology where the code is evaluated by the tester using automation tools. Test automation systems also provide reliability and reduce the cost of testing without losing the performance of code that increases the demand for software testing. Moreover, the integration of AI and machine learning in software testing services as it helps the organization to collect and analyze data to perform testing services will further fuel the market growth during the forecast period. With the increasing penetration of mobile applications, web applications, and software, prominent players are investing in advance technology such as AI and ML to offer high-quality software and services. In addition, the rising requirement for quality, accuracy, and advanced software with multiple functionalities is propelling market growth.

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Based on type, application testing is projected to grow at a higher CAGR during the forecast period owing to the increasing adoption of smartphone and cloud-based testing services. Application Testing is conducting through scripts with the aim of finding failures in software. It deals with tests for the whole application and helps to improve the quality of applications while reducing costs and saving development time.

Based on application, the telecom & IT segment is anticipated to lead the market throughout the forecast period owing to increasing cloud-based applications along with the growing adoption of the smartphone. BFSI sector is expected to grow at significant CAGR during the forecast period due to increasing demand for reliable software with negligible

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Based on region, North America is anticipated to lead the market throughout the forecast period owing to the increasing integration of AI and ML in software testing. The introduction of new development models such as continuous integration (CI), continuous delivery (CD), and Agile testing also have a positive impact on software testing market growth in this region.

Various notable players in the Software Testing market include IBM Corporation, Accenture Plc, Atos SE, Capgemini SE, Cognizant Technology Solutions Corp, DXC Technology Co, HCL Technologies Ltd, Infosys Ltd, Computer Sciences Corporation (CSC), NTT DATA, Tata Consultancy Services Ltd, Wipro Ltd. and QualiTest.

Key Developments:

• • In Dec 2019, Qualitest, a software testing and quality assurance company, acquired AlgoTrace for $420 million. Through this strategic acquisition, the company expanded it’s product portfolio by providing increased number of AI-powered testing solutions.
  • In Jul 2018, Accenture plc acquired of Real Time Analytics Platform, Inc., an artificial intelligence (AI) technology. Real-Time Analytics will integrate its technology into the Accenture Touchless Testing Platform to strengthening its analytics and cognitive capabilities.

The Global Software Testing market has been segmented based on the component, application, and key region. Based on the component market is categorized into application testing and services. Application testing is further segmented into Functional Testing, and Non-Functional Testing. Based on the application market is segmented into IT & Telecom, BFSI, Manufacturing, Retail, Healthcare, Transportation & Logistics, and Government & Public sector.

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Key questions answered in this research report:

• • At what pace is the global Software Testing market growing? What will be the growth trend in the future?
  • What are the key drivers and restraints in the global Software Testing market? What will be the impact of drivers and restraints in the future?
  • What are the regional revenues and forecast breakdowns? Which are the major regional revenue pockets for growth in the global Software Testing market?
  • What are the various applications of the global Software Testing market, and how are they poised to grow?
  • What companies are the major participants in this market and their business strategies, how does the competitive landscape look like?
  • Which component generated maximum revenues in 2019 and identify the most promising components during the forecast period?

Market Segmentation

Global Software Testing Market by Component

• • Application Testing
    • Functional Testing
    • Non-Functional Testing
  • Service

Global Software Testing Market by Application

• • IT & Telecom
  • BFSI
  • Manufacturing
  • Retail
  • Healthcare
  • Transportation & Logistics
  • Government & Public sector

Global Software Testing Market by Region

• • North America Software Testing Market
    (Option 1: As a part of the free 25% customization)
    • North America Market by Component
    • North America Market by Application
    • United States of America (US) Market All-Up
    • Canada Market All-Up
  • Europe Software Testing Market
    (Option 2: As a part of the free 25% customization)
    • Europe Market by Component
    • Europe Market by Application
    • United Kingdom (UK) Market All-Up
    • Germany Market All-Up
    • France Market All-Up
    • Spain Market All-Up
    • Rest of Europe Market All-Up
  • Asia-Pacific Software Testing Market
    (Option 3: As a part of the free 25% customization)
    • Asia-Pacific Market by Component
    • Asia-Pacific Market by Application
    • China Market All-Up
    • India Market All-Up
    • Japan Market All-Up
    • Rest of APAC Market All-Up
  • ROW Software Testing Market
    (Option 4: As a part of the free 25% customization)
    • ROW Market by Component
    • ROW Market by Application
    • Brazil Market All-Up
    • South Africa Market All-Up
    • Saudi Arabia Market All-Up
    • UAE Market All-Up
    • Rest of world (remaining countries of the LAMEA region) Market All-Up

Leading Market Players (Option 5: As a part of the free 25% customization – Profiles of 5 Additional Companies of your Choice)

• • IBM Corporation
  • Accenture Plc
  • Atos SE
  • Capgemini SE
  • Cognizant Technology Solutions Corp
  • DXC Technology Co
  • HCL Technologies Ltd
  • Infosys Ltd
  • Computer Sciences Corporation (CSC)
  • NTT DATA
  • Tata Consultancy Services Ltd
  • Wipro Ltd.
  • QualiTest