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Cloud Testing Market Revenue, Share, Trends, Demand and Growth Opportunities by 2023; IBM, Oracle, CA Technologies, Micro Focus, SmartBear Software, SOASTA, Xamarin, Cavisson Systems
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In terms of component, the cloud testing market is categorized into testing tools and services. Testing tools are further categorized into functional, load, graphical user interface (GUI), application programming interface (API), service virtualization, and cross browser. On the basis of services, the market is classified into professional services and managed services.
Cloud testing market in North America is expected to continue generating the largest revenue in coming years. The companies operating in the North American cloud testing market are heavily investing in research & development of advanced testing tools and technologies. Moreover, presence of several key cloud testing vendors such as IBM, Oracle, and CA Technologies will continue to contribute to accelerate the growth of this market in the region.
The continuously increasing security breaches have been the key driver for for cloud testing market. Increasing demand for this technology to identify the leak points is one of the major factors, anticipated to have a positive impact on the growth of cloud testing market during the forecast period. The rapid adoption of cloud computing solutions among enterprises in various end-user industries, such as government, healthcare, and BFSI, is expected to spur the prospects for growth in the cloud testing market in the coming years. The increasing adoption of cloud computing has been shaping the cloud testing market. With an increase in adoption of cloud computing, service providers have started to offer a customizable cloud environment for hosting data or services in the cloud.
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Some of the key players in the cloud testing market include IBM, Oracle, CA Technologies, Micro Focus, SmartBear Software, SOASTA, Xamarin, Cavisson Systems, Tricentis, Cigniti, Cognizant and Capgemini.
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