[February 13, 2018]

Global Cloud Testing Market 2018-2022 by Component and Vertical - The Market is Expected to Grow at a CAGR of 13.01% - ResearchAndMarkets.com

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 CAGR of 13.01% during the forecast period.

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.

The retail and eCommerce vertical is expected to have the largest market share, whereas the BFSI vertical is projected to grow at the highest AGR during the forecast period.

The major vendors who offer cloud testing solutions and services across the globe are IBM (US), Oracle (US), CA (News - Alert) Technologies (US), Micro Focus (UK), SmartBear Software (US), SOASTA (US), Xamarin (US), Cygnet Infotech (India), Cavisson Systems (US), Cigniti (India), Tricentis (Austria), Cognizant (News - Alert) (US), and Capgemini (France), whereas the key innovators include CustomerCentrix (US) and Neotys (France). These vendors have adopted various organic and inorganic growth strategies, such as new product launches, partnerships, and collaborations, to enhance their position in the market.

Market Dynamics

Drivers

• Rapidly Growing Cloud Adoption
• Flexible and Scalable Delivery Model
• Reduced Cost of Ownership

Restraints

• Stringent Government Rules and Regulations

Opportunities

• Advancements in IoT and Machine Learning Technologies
• Increasing Demand for Devops and Agile (News - Alert) Practices for SDLC

Challenges

• Data Security Concerns
• Lack of Skilled Cloud Testing Professionals

Key Topics Covered:

1 Introduction

2 Research Methodology

3 Executive Summary

4 Premium Insights

5 Market Overview

6 Cloud Testing Market, by Component

7 Cloud Testing Market, by Vertical

8 Cloud Testing Market, by Region

9 Competitive Landscape

10 Company Profiles

• CA Technologies
• Capgemini (News - Alert)
• Cavisson Systems
• Cigniti
• Cognizant
• Customercentrix
• Cygnet Infotech
• IBM
• Micro Focus
• Neotys
• Oracle (News - Alert)
• Smartbear Software
• Soasta
• Tricentis
• Xamarin

For more information about this report visit https://www.researchandmarkets.com/research/42dzlw/global_cloud?w=4

View source version on businesswire.com: http://www.businesswire.com/news/home/20180213006600/en/

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