A recent report published by Infinium Global Research on software
testing market provides an in-depth analysis of segments and sub-segments in the
global as well as regional software testing market. The study also highlights
the impact of drivers, restraints, and macro indicators on the global and
regional software testing market over the short term as well as long term. The
report is a comprehensive presentation of trends, forecast and dollar values of
global software testing market. According to the report, the global software
testing market is projected to grow at a CAGR of 16.23% over the forecast
period of 2019-2025.
Nowadays, there are enormous changes taking place in the
technological advancements as the world is becoming digitalized. Software
testing helps in developing efficient software, to meet technical and business
requirements. Software developers now want to launch their products as early as
possible as the software testing market is becoming more dynamic than ever with
software product life cycles shortening. Agile testing services provide a
framework to test the applications and infrastructure effectively. The number
of companies adopting the agile methodology is increasing as a part of
continuous integration in software development. DevOps is at the lead of the
software testing market and is gaining a central presence in the software testing
market. The preference for crowdsource testing will continue to grow in the
forecasted period. It is fueled by benefits like identification of defects and
bugs, product quality insights, instant feedback for product improvement, and
considerably lower testing costs.
The emergence of agile testing services is the major driving
factor for the software testing market. The adoption of agile helps the teams
to develop and deliver quality software faster. Furthermore, factors such as
the increasing adoption of mobile devices and technologies, growing adoption of
the DevOps methodology, and transforming testing by digital transformation are
other driving factor for the market growth. The automation testing increasing
Returns on Investment (RoI) are fueling the growth of the market. However,
software testing requires a considerable amount of money to upkeep a product
that hampers the growth of the market. Moreover, emerging trends in software
testing such as crowdsourced testing are anticipated to provide wide growth
opportunities to the market players.
Geographically, North America dominates the global software
testing market owing to the adoption of the software application in numerous
industry verticals such as manufacturing and healthcare. The growing adoption
of cloud-based services has further stimulated the size of the market in the
region.
The report on global software testing market covers segments such
as type and applications. On the basis of type, the sub-markets include
functional testing, and non-functional testing. On the basis of applications,
the sub-markets include BFSI, retail, media & entertainment, IT &
telecom, and other applications.
The report provides profiles of the companies in the market such
as IBM Corporation, Wipro Limited, Accenture plc, Capgemini SE, Tata
Consultancy Services (TCS), CA Technologies, Keytorc Software Testing Services,
QASymphony, Infrasoft Technologies, Amdocs, and other companies.
The report provides deep insights into the demand forecasts, market trends, and micro and macro indicators. In addition, this report provides insights into the factors that are driving and restraining the growth in this market. Moreover, The IGR-Growth Matrix analysis given in the report brings an insight into the investment areas that existing or new market players can consider. The report provides insights into the market using analytical tools such as Porter's five forces analysis and DRO analysis of software testing market. Moreover, the study highlights current market trends and provides forecast from 2019-2025. We also have highlighted future trends in the market that will affect the demand during the forecast period. Moreover, the competitive analysis given in each regional market brings an insight into the market share of the leading players.
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