Software Testing Services Market to Grow at a CAGR of 15.07% | Regional Outlook, Growth Potential, Competitive Market Share & Forecast | Technavio
NEW YORK, June 28, 2022 /PRNewswire/ -- Software Testing Services Market Facts at a Glance-
Didn't Find What You Were Looking For? Customize Report-
Don't miss out on the opportunity to speak to our analyst and know more insights about this market report. Our analysts can also help you customize this report according to your needs. Our analysts and industry experts will work directly with you to understand your requirements and provide you with customized data in a short amount of time.
Do reach out to our analysts for more customized reports as per your requirements. Buy the Report Now!
According to the recent market study by Technavio, the Software Testing Services Market Share in IT Consulting & Other Services Industry is expected to increase by USD 55.76 billion, with a CAGR of 15.07%. The report provides a detailed analysis of drivers & opportunities, top winning strategies, competitive scenarios, future market trends, market size & estimations, and major investment pockets.
North America will register the highest growth rate of 40% among the other regions. The US and Canada are the key markets for software testing services. Moreover, market growth in North America will be slower than the growth of the market in other regions.
Click here for Sample: for more additional information about the key countries in North America
The software testing services market is fragmented and the vendors are deploying organic and inorganic growth strategies to compete in the market.
Accenture Plc - The company announced the launch of INTENT, a technology platform that vastly improves the continuity and flow of data across life sciences enterprises. Moreover, the company announced the launch of my concerto Platform which allows enterprises to innovate, amplify business results, and accelerate their digital transformation.
Capgemini SE - The company announced that it had developed an intelligent data platform called Project Financial and Agricultural Recommendation Models (FARM). The platform uses AI to analyze farming patterns and generate insights from the data to make recommendations.
International Business Machines Corp. - The company announced that it had developed an intelligent data platform called Project Financial and Agricultural Recommendation Models (FARM). The platform uses AI to analyze farming patterns and generate insights from the data to make recommendations.
Find additional highlights on the vendors and their product offerings. Get Sample Report
Regional Market Outlook
The software testing services market in North America is expected to garner significant business opportunities for the vendors during the forecast period. US and Canada are the key markets for software testing services in North America. Market growth in this region will be slower than the growth of the market in the South American and APAC regions.
The increasing demand for software development and applications will facilitate the software testing services market growth in North America over the forecast period.
Click here for a sample report for more key highlights on the regional market share of most of the above-mentioned countries.
Latest Drivers & Trends Driving the Market-
Mobile applications have become an indispensable part of most business entities. They serve many purposes, such as easy interaction with customers, promotion of new products and services, and enhancing customer satisfaction. Mobile testing has evolved to ensure the quality of an enterprise's products or services. It comprises the redressal of mobile woes and enables the enterprise to test for and prevent any type of failure in the program.
Mobile testing involves install/uninstall testing, screen orientation testing, gesture testing, device compatibility testing, connectivity testing, and UI/UX testing. The growing demand for mobile testing is expected to boost the growth of the global software testing services market during the forecast period.
Crowdsourced testing is one of the emerging trends in the software testing space. It refers to the testing services offered by a dispersed community of temporary workers across the world. It offers a significant testing method for the verification of applications in the later stages of software development. Crowdsourced testing offers many benefits, such as scalability, speed, output-based pricing, device coverage, geography coverage, and real-time testing of software.
During the forecast period, crowdsourced testing will gain more traction, and it is expected that other leading software testing service providers may enter this field through inorganic developments.
Find additional information about various other market Drivers & Trends mentioned in our sample report.
Here are Some Similar Topics-
Table of Contents
1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Five Forces Analysis
5 Market Segmentation by Product
6 Market Segmentation by End-user
7 Customer landscape
8 Geographic Landscape
9 Drivers, Challenges, and Trends
10 Vendor Landscape
11 Vendor Analysis
Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavio's report library Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio's comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.
View original content to download multimedia:https://www.prnewswire.com/news-releases/software-testing-services-market-to-grow-at-a-cagr-of-15-07--regional-outlook-growth-potential-competitive-market-share--forecast--technavio-301575874.html
Humanizing Security and Cyber Risks
Metaverse / Emerging Technologies
How MSPs and MSSPs Can Drive Revenue at the Edge