The Application Testing Services Global Market Report 2024 by The Business Research Company provides market overview across 60+ geographies in the seven regions - Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa, encompassing 27 major global industries. The report presents a comprehensive analysis over a ten-year historic period (2010-2021) and extends its insights into a ten-year forecast period (2023-2033).
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According to The Business Research Company’s Application Testing Services Global Market Report 2024, The application testing services market size has grown rapidly in recent years. It will grow from $41.04 billion in 2023 to $45.21 billion in 2024 at a compound annual growth rate (CAGR) of 10.1%. The growth in the historic period can be attributed to quality assurance (QA) demands, complexity of software applications, rise of agile and DevOps practices, globalization and outsourcing, regulatory compliance requirements.
The application testing services market size is expected to see rapid growth in the next few years. It will grow to $72.72 billion in 2028 at a compound annual growth rate (CAGR) of 12.6%. The growth in the forecast period can be attributed to shift-left testing practices, continuous testing in DevOps pipelines, microservices and containerization, security testing in DevsecOps. Major trends in the forecast period include test automation and AI, shift-right testing, performance engineering, mobile application testing.
The digital transformation of businesses is expected to propel the growth of the application testing services market going forward. Digital transformation refers to the integration of digital technology across all functional areas of a company that helps to improve efficiency, value, and innovations in the organization. Digital transformations help reduce manual efforts in application testing by providing faster feedback and minimizing the time to release the products and services into the market. For instance, in November 2023, according to the National Retail Association, an Australia-based not-for-profit organization, with 11% of businesses fully embracing digital strategies, SMEs have both opportunities and challenges to enhance their online presence. Therefore, an increase in the adoption of digital transformations in businesses is driving application testing services market growth.
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The application testing services market covered in this report is segmented –
1) By Testing Type: Functionality Testing, Usability Testing, Performance Testing, Compatibility Testing, Security Testing, Compliance Testing, Automation Testing, Other Testing Types
2) By Organization Size: Small and Medium Enterprises, Large Enterprises
3) By Service Type: Professional Services, Managed Services
4) By Delivery Model: Onshore, Offshore, Nearshore, Onsite
5) By Vertical: Telecom and IT, BFSI, Healthcare and Life Sciences, Government and Public Sector, Media and Entertainment, Manufacturing, Retail, Energy and Utilities, Logistics and Transportation, Other Verticals
Major companies operating in the application testing services market are focusing on advanced solutions, such as mobile testing services, to enhance software quality and the user experience. Mobile testing services involve assessing and validating the functionality, performance, and usability of mobile applications across various devices and platforms. For instance, in October 2021, Autify Inc., a US-based AI-powered software testing automation platform, launched Autify for Mobile for native app testing. It is a genuine no-code web app enabling effortless creation, execution, and automation of software test scenarios, even without coding expertise. Its AI detects changes in source code and UI, automatically adjusting test scenarios with each run, eliminating the hassle of manual script fixes after new releases.
The application testing services market report table of contents includes:
- Executive Summary
- Application Testing Services Market Characteristics
- Application Testing Services Market Trends And Strategies
- Application Testing Services Market - Macro Economic Scenario
- Global Application Testing Services Market Size and Growth
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- Global Application Testing Services Market Competitive Benchmarking
- Global Application Testing Services Market Competitive Dashboard
- Key Mergers And Acquisitions In Application Testing Services Market
- Application Testing Services Market Future Outlook and Potential Analysis
- Appendix
Top Major Players :
- Amazon Web Services Inc.
- Deloitte Touche Tohmatsu Limited
- Accenture PLC
- International Business Machines Corporation
- Tata Consultancy Services Limited
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According to research report "Application Testing Services Market by Service Type (Professional, Managed), Testing Type (Functionality, Security, Automation), Delivery Model (Onshore, Offshore), Organization Size, Vertical, and Region - Global Forecast to 2022", The application testing services market is estimated to be USD 26.59 Billion in 2017 and is projected to reach USD 50.14 Billion by 2022, at a CAGR of 13.5% from 2017 to 2022.
Factors influencing the growth of the application testing services market are the digital transformation of businesses and increased adoption of automation testing processes in various industries.
Browse 60 Market Data Tables and 36 Figures spread through 125 Pages and in-depth TOC on "Application Testing Services Market - Global Forecast to 2022"Download PDF Brochure: https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=235108129Based on delivery model, the onshore segment of the application testing services market is expected to witness the highest growth during the forecast periodBased on delivery model, the application testing services market has been segmented into onshore, offshore, nearshore, and onsite.
The small & medium enterprises segment is anticipated to witness significant growth in the near future, owing to the increased adoption of application testing services by SMEs to enhance their competitive position in the market.Based on vertical, the manufacturing segment is projected to grow at the highest CAGR during the forecast periodBased on vertical, the manufacturing segment of the application testing services market is projected to witness the highest growth from 2017 to 2022.
This region witnessed a high adoption of application testing services in large enterprises and SMEs, as testing services help improve the functionality, performance, usability, and consistency of applications.The report provides a detailed overview of the competitive landscape of market players, which presents information with respect to the positioning of 25 key vendors offering application testing services, based on their product offerings and business strategies.
Key players operating in the application testing services market include Wipro (India), Cognizant (US), TCS (India), Accenture (Ireland), Capgemini (France), IBM (US), and Infosys (India).About MarketsandMarkets™MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies’ revenues.
