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Published Date: August, 2019

Software Testing Market (Type - Functional Testing, and Non-functional Testing; Applications - BFSI, Retail, Media & Entertainment, IT & Telecom, and Other Applications): Global Industry Analysis, Trends, Size, Share and Forecasts to 2025


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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.

 

Market Insight

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.

 

Segment Covered

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.

 

Companies Profiled:

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.

 

Report Highlights:

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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