Software Testing Market Is Booming Worldwide | IBM ,TestFort, QA Mentor, QASource

HTF Market Intelligence released a new research report of 120 pages on title 'Software Testing Market India 2014’ with detailed analysis, forecast and strategies. The study covers key regions and important players such as IBM ,TestFort, QA Mentor, QASource, TestMatick

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The new report, ‘Software Testing Market in India', states that over the years, India has become the world's preferred outsourcing destination for software testing services because of its talented workforce and comparatively lower costs. Although other countries such as China and the Philippines are also providing services at a lower cost, India remains the preferred country of choice for most of the US and UK based companies mainly because of its skilled workforce and operational efficiencies. The United States is the key market for the big Indian software testing vendors, followed by Europe and the Middle East.

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The demand for software testing services is on the rise following the rapid evolution of vendor capabilities over the past two decades. In the current scenario that involves cut-throat competition among the various software testing companies, there is very little room for error. Bad software will not only hurt a company financially but will have a major impact on its brand value as well.

The growing maturity of Indian vendors that allows consistently high quality service delivery and better user of defined standards with the rapid evolution of vendor capabilities over the past two decades comprise some of the major drivers leading to the growth of the Indian software testing market. Recent government initiatives undertaken within the IT & ITeS sectors also act as a major driving force behind the growth of the software testing industry in India.

The outsourced software testing market comprises of the two major types of software testing, traditional and independent testing services (ITS). Independent testing services are preferred over traditional testing services as independent testers and test consultants lend the much needed impartial and qualitative approach to the entire testing process.

However, the industry also experiences some pain points. Even though India is known for its IT expertise, it still lacks enough educational and training focus on the aspect of software testing. An agile software development process that involves poor testing may lead to poor coding thereby escalating the risk of errors. Moreover, rising competition from other low cost nations also poses a threat to India's dominance in the testing industry.

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Currently, the software testing industry has sensed the need for mobile application testing owing to the rapid growth of mobile devices applications in India. Also, the industry is witnessing a shift in trend towards cloud based testing; IP-led testing; testing-as-a-service; automated testing and testing in domain-specific niche services.

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Slide 1: Executive Summary

Macroeconomic Indicators
Slide 2: GDP at Factor Cost: Quarterly (2010-11, 2011-12, 2012-13, 2013-14), Inflation Rate: Monthly (Jul 2013 - Dec 2013)
Slide 3: Gross Fiscal Deficit: Monthly (Feb 2013 - Jul 2013), Exchange Rate: Half Yearly (Oct 2013 - Mar 2014)
Slide 4: Lending Rate: Annual (2008-09, 2009-10, 2010-11, 2011-12), Trade Balance: Annual (2010-11, 2011-12, 2012-13, 2013-14), FDI: Annual (2

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