Global Software Testing Services Market, By Type of Testing (Functional Testing, Non-Functional Testing), Product (Application Testing, Product Testing), End-Users (Banking, Financial Services, and Insurance, IT and Telecom, Lifesciences and Healthcare, Manufacturing, Energy and Utilities, Retail, Consumer Goods, and Logistics, Others), Country (U.S., Canada, Mexico, Brazil, Argentina, Rest of South America, Germany, Italy, U.K., France, Spain, Netherlands, Belgium, Switzerland, Turkey, Russia, Rest of Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific, Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa) Industry Trends and Forecast to 2029
Market Analysis and Insights Global Software Testing Services Market
Data Bridge Market Research analyses that the software testing services market will exhibit a CAGR of 14.05% for the forecast period of 2022-2029.
Software testing is the process of running multiple applications or programs in order to find defects in the software and help it become an error-free solution that meets the needs of users. Software testing is a process for verifying and validating software code or programs and assisting in the development of efficient software that meets technical and business objectives.
The software testing services market is being driven by the rising popularity of test automation services. The upsurge in the demand from enterprises since they have the ability to improve the performance of testing software is a major factor driving the market's growth. The rising momentum of crowdsourced testing and growth in the popularity of agile testing are driving up demand for software testing services market. Other significant factors such as growing urbanization and the increasing consumption of mobile based applications will cushion the growth rate of software testing services market. Another vital factor includes the rising adoption of DevOps methodology and increasing digitalization in emerging economies will accelerate the growth of software testing services market. Furthermore, technological advancements and the availability of clod-based software testing services will influence the software testing services market for the forecast period mentioned above. Also, increase in the utilization of artificial intelligence and machine learning in software testing process will act as a major factor influencing the growth of software testing services market.
Moreover, the increase in the adoption rate of new technological solutions and emerging new market will boost the beneficial opportunities for the software testing services market growth. Due to the strong demand from various end-use industries such as banking, healthcare and telecommunication sector is expected to grow in the future years.
However, high implementation cost prevailing manual testing over automation testing will hinder the growth of the software testing services market. Also, the dearth of skilled professions and availability of free testing tools will further pose challenges to the market. Other factors including increasing security concern liked with outsourced testing and services and complications involved with test planning and estimation act as market restrain and will further obstruct the growth rate of software testing services market.
This software testing services market report provides details of new recent developments, trade regulations, import export analysis, production analysis, value chain optimization, market share, impact of domestic and localised market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographical expansions, technological innovations in the market. To gain more info on software testing services market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
Global Software Testing Services Market Scope and Market Size
The software testing services market is segmented on the basis of type of testing, end- users and product. The growth amongst the different segments helps you in attaining the knowledge related to the different growth factors expected to be prevalent throughout the market and formulate different strategies to help identify core application areas and the difference in your target market.
- On the basis of type of testing, the software testing services market is segmented into functional testing and non- functional testing.
- The product segment of the software testing services market is segmented into application testing and product testing.
- End- users segment of the market is segmented into banking, financial services, and insurance, IT and telecom, life sciences and healthcare, manufacturing, energy and utilities, retail, consumer goods, and logistics and others.
Software Testing Services Market Country Level Analysis
The software testing services market is analysed and market size, volume information is provided by country, type of testing, end- users and product as referenced above.
The countries covered in the software testing services market report are U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, Israel, Egypt, South Africa, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.
North America dominate the software testing services market during the forecast period of 2022-2029 and will continue to flourish its trend of dominance during the forecast period due to the adoption of software in many end-use industrials such as healthcare, manufacturing and others. Additionally, the rise in inclination towards software automation will act as market driver that will further propel the market’s growth rate in this region. Asia-Pacific is expected to grow during the forecast period of 2022-2029 due to the rising digitalization and presence of skilled as well as cheap labor in this region.
The country section of the software testing services market report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points such as consumption volumes, production sites and volumes, import export analysis, price trend analysis, cost of raw materials, down-stream and upstream value chain analysis are some of the major pointers used to forecast the market scenario for individual countries. Also, presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
Competitive Landscape and Global Software Testing Services Market Share Analysis
The software testing services market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies’ focus related to software testing services market.
Some of the major players operating in the software testing services market are Wipro Limited, Cigniti Technologies Limited, Accenture, Atos SE, Capgemini., Cognizant, HCL Technologies Limited, IBM, Tata Consultancy Services Limited, TestingXperts., Codoid, Oxagile, QA Mentor - Software Testing Company, TestFort, Testbytes, BugRaptors, a1qa software testing company, Kualitatem, Infosys Limited, DXC Technology Company and Hexaware Technologies Limited, among others.
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