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Model Based Testing Market likely to have a significant influence on the growth till 2027 // key player - HCL Technologies, Wipro, Microsoft, Teveron, IBM Corporation, PractiTest Ltd., Seapine Software Inc., Turbo computer systems

05-24-2019 09:23 AM CET | IT, New Media & Software

Press release from: Fact.MR

Model Based Testing Market likely to have a significant

Model based testing market is likely to witness a steady growth in the coming years, on the back of rise in the demand for advanced software based testing techniques along with proliferating information technology (IT) industry in various regions across the globe. Manual testing procedures are getting out-of-date as they failed to keep up with the complex structure of dependencies in system under test. Moreover, growing need to automate test design and to accelerate testing for financial service applications will continue to fuel the growth of Model Based Testing Market.

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As software testing evolves, model based testing has become an integral part of modern test automation in which test cases are derived from model describing the functional aspects of the system under test. In the recent years, model based testing has been gaining pace in various technical organizations, for its ability to detect memory leaks and conflicts that could otherwise cause a software to crash. In addition, model based testing is capable to execute different tests on multiple machines and has been proven to be a time-saving and quality testing approach. Rising demand and sales of software products is likely to have a significant influence on the growth of model based testing market.

Infosys, Oracle, Capgemini, Accenture, HCL Technologies, Wipro, Microsoft, Teveron, IBM Corporation, PractiTest Ltd., Seapine Software, Inc., Turbo computer systems, Smarte Soft, Inc., Testing Technologies IST GmbH are some of the leading players operating in model based testing market.

In April 2019, Accenture’s Accenture Interactive agreed to acquire one of the world’s most innovative and influential creative agencies – Droga5, to boost its capabilities to design, develop, and run customer experiences that grow brands and business. In July 2016, the company formed an alliance with Tricentis to integrate the Tricentis Tosca Testsuite into the former’s application testing services and bring next level of automation with model based testing to enterprises.

In March 2019, Infosys announced that it has entered into strategic partnership with ABN AMRO in Netherlands to strengthen the company’s position as a leading technology and business process management provider across mortgage administration services. As a part of the partnership, Infosys will acquire 75% shareholding in ABN AMRO’s subsidiary – Stater N.V.

In February 2019, Capgemini announced to aid Imerys digitally transform its main processes by designing and implementing an intelligent business platform on a global scale. The unique Enterprise Resource Planning (ERP) platform will be based on the company’s intelligent business software suite – SAP S/4HANA®.

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Model-based approach not only improves the construction of reliable software but also help enhance efficiency of the development process and quality of the developed product. This is considered to be a key factor driving the global expansion of model based testing market.

While model based testing has gained widespread acceptance for its efficiency in software testing and development, lack of skilled testers and difficulty in understanding the model due to its complex nature remains a key challenge restricting the growth of model based testing market.

While presence of world’s leading tech companies is boosting the adoption of model based testing in developed nations of North America and Europe, key players are focusing on improving their foothold in emerging economies of Asia Pacific. Strong automotive sectors along with expanding IT industry in these regions that has significantly increased the need for software testing are likely to strengthen the growth of model based testing market in Asia Pacific.

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About FactMR
FactMR is a fast-growing market research firm that offers the most comprehensive suite of syndicated and customized market insights reports. We believe transformative intelligence can educate and inspire businesses to make smarter decisions. We know the limitations of the one-size-fits-all approach; that's why we publish multi-industry global, regional, and country-specific research reports.

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