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Cloud Testing Market 2018 - Global Forecast to 2022: Increasing Demand for Devops and Agile Practices for SDLCDUBLIN, March 23, 2018 /PRNewswire/ -- The "Cloud Testing Market by Component (Testing Tools/Platforms and Services), Testing Tool/Platform (Functional Testing, API Testing), Service (Managed Services and Professional Services), Vertical, and Region - Global Forecast to 2022" report has been added to ResearchAndMarkets.com's offering. The cloud testing market is expected to grow from USD 5.55 billion in 2017 to USD 10.24 billion by 2022, at a Compound Annual Growth Rate (CAGR) of 13.01% during the forecast period. Several factors such as the rapidly growing cloud adoption, flexible and scalable delivery model, and reduced cost of ownership are driving the market growth. The adoption of cloud testing solutions and services is high in verticals such as retail and eCommerce; IT and telecom; Banking, Financial Services, and Insurance (BFSI); and media and entertainment; this is expected to boost the growth of the overall market. The global cloud testing market is segmented by component (testing tools/platforms and services), testing tool/platform (functional testing tools, performance/load testing tools, Graphical User Interface (GUI) testing tools, Application Programming Interface (API) testing tools, service virtualization tools, and cross browser testing tools), service (professional services and managed services), vertical, and region. The testing tools/platforms component is expected to grow at a higher CAGR during the forecast period, as tools/platforms assist organizations in easily carrying out the testing process on the cloud. North America is expected to have the largest market share and is projected to dominate the market during the forecast period. With the increase in the adoption of cloud computing slutions among various verticals, such as IT and telecom, BFSI, and retail and eCommerce, the cloud testing market is also set to grow at a rapid pace in in well-established economies, such as the United States (US) and Canada. Due to this, companies are willingly investing in the North American region. Most cloud testing solution and service vendors have an eminent presence in the North American region, and therefore, the competition is stiff among the major market players. Key Topics Covered: 1 Introduction
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