Application testing services market is expected to grow during the 2019-2024 period

The report published by Knowledge Sourcing Intelligence titled “Application Testing Services Market - Forecasts from 2018 to 2023” studies the various factors affecting the demand for application testing services among end-users worldwide. The market has been segmented by type (enterprise application testing, web application testing, desktop application testing, mobile application testing), enterprise size (small, medium, large), and end-user industry (communication and technology, BFSI, media and entertainment, retail, transportation and logistics, others).

Furthermore, the demand for application testing services has been estimated across all major geographies namely North America, South America, Europe, Middle East and Africa and the Asia Pacific. To give a clearer view of this market across these geographies, the regional market is further segmented into countries which account for a significant share in the market. The rapid growth of communication and technology industry worldwide is one of the major factors driving the growth of this market. As the penetration of digital technologies into business processes across industries worldwide is increasing continuously, the development of new software applications is increasing, thus spurring the demand for application testing. As testing phase accounts for a significant share of the total project cost, the demand for cost-effective application testing services is increasing. Presence of a large number of vendors offering tailored testing services for diverse needs at affordable prices across all major regions is increasing their adoption, thus boosting the growth of the market.

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By enterprise size, small and medium-sized enterprises hold a significant share market

Small and medium-sized enterprises account for a significantly large market share among end-user enterprises of all sizes in this market on account of increasing focus of business owners towards digitization of business processes while adhering to limited budgets they have. This has been driving the adoption of application testing services among such enterprises. On the other hand, huge IT budgets in large enterprises put them in a position strong enough to allow them to make investments in application testing team. Yet, these enterprises hold a good share in this market.

North America is a significantly large market for application testing services

Booming communication and technology industry and the presence of a large number of industry players in the in North American region is increasing the number of applications developed in this region per year. As this continues, the demand for application testing services is also witnessing a continuous increase as cost reduction continues to be at the forefront of end-users’ growth strategies. The market in the Asia Pacific is poised to witness good growth over the projected period as communication and technology industry is poised to witness rapid growth in this region over the projected period.

This report also includes a study of strategies and product portfolios of some of the leading companies in application testing services market. Major companies profiled as a part of this report are Wipro, Cognizant, TCS, Accenture, Capgemini, IBM, Infosys, DXC Technology, Deloitte, QualiTest, Tech Mahindra and SQS.

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Knowledge Sourcing Intelligence (KSI) is a market research and consulting organization based out of India. KSI publishes research studies spanning across ten industry verticals. KSI has a team of experienced and young professionals with a singular focus on delivering high-quality research services to enterprises, non-government organizations, government agencies, and research institutes and organizations. We publish hundreds of reports per year centering on niche and latest technologies. We engage with key decision makers and stakeholders across the value chain to provide clients with a detailed analysis and bird’s-eye view of the market with whole market dynamics, statistical forecasts, competitive analysis, key trends, market drivers and challenges and strategic recommendations for making informed decisions. Our success lies in the effort of our analysts who strive to meet client expectations by delivering quality work within the stipulated deadlines.

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