Global Test Data Management Market Outlook 2020-2025 with IBM, CA Technologies, Informatica, Delphix, and Original Software Dominating
DUBLIN, July 29, 2020 /PRNewswire/ -- The "Test Data Management Market - Growth, Trends, and Forecasts (2020-2025)" report has been added to ResearchAndMarkets.com's offering.
The global test data management market is expected to grow at a CAGR of 11.5% over the forecast period 2020-2025.
Test data management software reduces the time to market the company's product, and protects against loss of data generated from test software, which are some of the factors fueling the growth of the test data management market.
The rapid adoption of automation and cloud technologies across enterprises and businesses resulted in tremendous data generation and cloud data traffic and hence, fueled the growth of data management software, which in turn has increased the demand of the test data management market. And over 90% of enterprises using the cloud as part of their businesses reported that the volume of internet traffic has been increasing exponentially.
According to Cisco Report, global IP traffic will reach an annual run rate of 2.3 zettabytes in 2020, up from an annual run rate of 870.3 exabytes in 2015. Furthermore, the IP traffic will grow 3-fold from 2015 to 2020, a compound annual growth rate of 22% due to increase adoption of cloud technologies across the industries.
Nowadays, the application generates more and more data which is difficult and costly to manage. For instance, every terabyte of data growth in production, ten terabytes are used for development, testing, and other non-production use cases and thus, increase the cost. So now the companies are investing to gain economies of scale through centralization and many IT teams are expanding the scope of test data management to include the use of synthetic data generation tools, subsetting, and most recently, masking to manipulate production data and to increase the testing speed by up to 25%.
However, the lack of knowledge of the testers for the creation of alternate data solutions can hamper the growth of the market in the future.
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