The size of the worldwide software testing market was estimated at USD 105.2 billion in 2022 and is anticipated to grow at a compound annual growth rate (CAGR) of 21.77% to reach USD 343.2 billion by 2028.
Software testing services market is fragmented as market has various companies that offer software testing solutions, services and tools contributed by several developers of software from different business. Software testing services market trends is usage of analytics for the software testing. In analytics, mathematical algorithm technology and machine learning is used to predict the consequences of procedures of software testing. Past and current data is used to produce insights and find probable points for failure in the services of software testing.
The main driver of software testing market that is getting popular is crowd source testing. In crowd source testing, crowd sourced platform is used to link the testers worldwide for testing the software projects. Crowd source targets testers to match the interests and demographics of target group. Another drivers that are responsible for the growth of software testing market is increase in the agile test automation and testing services. Services of agile testing mentions the software testing methods and applications for the development of products of software and implementing the application. Infrastructure testing of applications of cloud-based is performed with procedure of testing in market. Organizations are using the agile testing services for implementing new methods for enhancing the quality and testing services of cloud infrastructure. In addition, increase in the pressure on vendors of software for providing business and value of the product will boost the software testing market globally over the forecast period. Development of agile testing services and increase in demand for the automated services of testing are attached together to increase the growth of software testing market globally.
Testing services of software specifically for industry is another trend that anticipates to increase the growth of software testing market in the coming years. Current developments carried out by companies to support the software testing services into the specializations are getting popular in the market. For example, Infosys, main player in the global software testing market, provides the services of testing by several practices like insurance, testing practice, retail validation and healthcare.
Bitcoins, Uber, Fitbits and other companies uses sensors, BigData and IoT in services and applications of software. Effects of these trends are observed in the software testing market. Software testing market is set by the challenges and harmful effects of cyber security that offers quality and integration in the services of the software during the development of software cycles are changing rapidly and are complex in the market of software testing.
Global software testing market is segmented into end-user, product types and region. Based on end-user, software testing market is divided into telecom, media, BFSI, retail, IT and more. On the basis of product type, market is divided into product testing and application testing.
Geographically, regions involved in the development of global software testing market size are South & Central America, Europe, North America, Asia Pacific and Middle East & Africa. North America dominates the software testing market because of adapting the software in several verticals like manufacturing, healthcare and more. The global software testing market is expected to grow in Asia Pacific because of cheap and skilled labor. Regions of Asia pacific like China and India are accepting the digitalization that drives the growth of software testing industry.
Key players that are involved in the development of software testing market are Wipro, Deloitte, Capgemini, Tech Mahindra, IBM, Gallop Solutions, Accenture and others.
Software Testing Market Scope
|Revenue forecast in 2028
|USD 343.2 billion
|CAGR of 21.77 % during 2018-2028
|By End-User,By Product,By Regions .
|North America, Europe, Asia Pacific, South America, Middle East and Africa
Key Segments in the “Global Software Testing Market” are-
By End-User, market is segmented into:
By Product Type market is segmented into:
- Product Testing
- Application Testing
By Regions market is segmented into:
- South America
- Central America
- North America
- Asia Pacific
- Middle East & Africa
What to expect from the Global Software Testing Market report?
- Predictions of future made for this market during the forecast period.
- Information on the current technologies, trends, devices, procedures, and products in the industry.
- Detailed analysis of the market segmentation, depending on the types, devices, and products.
- Government regulations and economic factors affecting the growth of the market.
- An insight into the leading manufacturers.
- Regional demographics of the market.