|[March 06, 2014]
Research and Markets: Global Software Testing Services Market in BFSI Sector 2012-2016 with Capgemini SA, IBM Corp., and Wipro Ltd Dominating
DUBLIN --(Business Wire)--
Research and Markets (http://www.researchandmarkets.com/research/6kgm5x/global_software)
has announced the addition of the "Global
Software Testing Services Market in BFSI Sector 2012-2016"
report to their offering.
The analysts forecast the Global Software Testing Services market in
BFSI sector to grow at a CAGR of 6.91 percent over the period 2012-2016.
One of the key factors contributing to this market growth is the need to
reduce operational time and cost. The Global Software Testing Services
market in BFSI sector has also been witnessing a shift from on-premise
software testing to cloud-based software testing. However, lack of data
control in outsourced services could pose a challenge to the growth of
The key vendors dominating this spce include Accenture plc, Capgemini
SA, IBM (News - Alert) Corp., and Wipro Ltd.
The other vendors mentioned in this report are Cognizant Technology
Solutions Corp., Computer Sciences Corp., Groupe Steria SA, HCL
Technologies Ltd., Hewlett-Packard (News - Alert) Co., Hexaware Technologies, Infosys
Ltd., ITC Infotech India Ltd., Logica plc, Micro Focus International
plc, Software Quality Systems AG, TCS Ltd., Tech Mahindra Ltd.,
Thinksoft Global Services Ltd., and UST Global.
Commenting on the report, an analyst from the team said: The Global
Software Testing Services market in the BFSI sector is characterized by
a lack of skilled and qualified personnel to meet the Testing industry
standards. Therefore, this trend has affected many businesses and their
efforts to deploy quality production. The biggest challenge involving
this trend is that financial companies are finding it difficult to
determine which functions of the software production should be taken
care of by in-house personnel and which should be outsourced to
third-party service providers. The challenge is aggravated in the case
of high-end and specific areas of industrial and specific knowledge.
Therefore, responsibilities that are attached to the role of a business
analyst are being taken care of by in-house personnel and functions
involving testing and quality assurance are being increasingly
outsourced to the independent software testing vendors.
For more information visit http://www.researchandmarkets.com/research/6kgm5x/global_software
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