Press release
Continuous Testing Market Size, Future Growth Analysis of Keyplayers EPAM Systems, Mindtree, HCL Technologies, ATOS, Tech Mahindra, Hexaware, Tricentis, Cigniti, Larsen & Toubro Infotech and NIIT Technologies.
Continuous Testing
Professional services segment accounted largest share in the global continuous testing market in 2017 and is expected to maintain its dominance over the forecast period from 2018 to 2026. Professional services segment is forecasted to be valued around US$ 2,042.8 million by 2026. Organizations depend on continuous testing solutions for comprehensive testing of software to reduce associated business risks and enables smooth functioning of software. Professional service providers support in integrating continuous testing solutions through existing workflows and provide support and training to renovate and resolve issues. This enables organizations with faster and timely delivery of their software.
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The small and medium-sized enterprises segment is expected to exhibit the highest CAGR over the forecast period. The small and medium-sized enterprises segment is expected to generate US$ 1,240.8 million by 2026. This is attributed to budget constraints of SMEs, owing to this reason SMEs are becoming dependent on continuous testing to reducing the operation time and increase their productivity. Additionally, continuous testing permits clear and deep visibility of open source codes, curtailing threat of malware and other fraudulent software programs at multiple stages of the software testing.
Continuous testing market in Asia Pacific is expected to exhibit the highest CAGR over the forecast period (2018 - 2026). Continuous testing market in this region is projected to reach US$ 733.3 million by 2026. The growth in this region is attributed to increasing development in IT infrastructure in emerging economies such as India and China among others. Increasing adoption of mobile devices and Internet by consumers are factors expected to escalate the overall market growth.
Key players in the market are focusing on product launches, in order to enhance its product offerings. In July 2016, LogiGear, a software testing solution company, launched Continuous Testing (CT) solution and service to enable improvements in automated testing in DevOps environments. LogiGear’s continuous testing solution and its full-range of testing automation services will help customers with the transformation from manual to continuous testing methods.
Major players operating in the global continuous testing market include EPAM Systems, Mindtree, HCL Technologies, ATOS, Tech Mahindra, Hexaware, Tricentis, Cigniti, Larsen & Toubro Infotech, and NIIT Technologies.
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