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What’s Driving the Software Testing Market Growth? | Key Players are TCS, Wipro Limited, Capgemini, CA Technologies, Accenture, IBM, Infrasoft Technologies, Amdocs

06-24-2019 07:47 PM CET | IT, New Media & Software

Press release from: Global Market Insights Inc.

What’s Driving the Software Testing Market Growth? | Key

Software Testing Market in application testing segment is anticipated to grow exponentially over the projected time period due to the increasing demand for ensuring predictability of the application performance. It also improves the time to market by implementing various structured testing processes to augment the existing product quality and development timeframes through numerous reusable test cases and automation techniques. Moreover, it allows software development firms to leverage the economies of scales and skilled low-cost workforce.

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The North America region is dominating the software testing market due to the adoption of the software application in numerous industry verticals such as manufacturing and healthcare. The widespread integration of IoT devices and the high degree of automation are the other key factors supplementing the growth of the market. In addition, the increasing adoption of cloud-based services has further spurred the size of the market in the region.

The Asia Pacific software testing market is expected to grow due to the rapidly growing IT industry in countries including India, China, and Australia. The availability of highly skilled professionals at lower salaries is encouraging large enterprises from developed economies, including the U.S. and Germany to outsource their software infrastructure management services.

The rapid pace of globalization and dynamic changes occurring in the business world has led to the development of various new & advanced software development approaches. These next-generation software building mechanisms are used to complete the software development projects in a fast pace & efficient manner, resulting in enhanced product quality and faster delivery of software offerings. Any minuscule error in the software application can bring the entire product development cycle to a standstill. In the software testing market, software testing applications periodically test every component of the product after every development process. This helps software developers by minimizing the troubleshooting time enabling them to cope with the demanding nature of the approach.

The software testing applications are being increasingly used in the BFSI sector as it helps to safeguard the integrity of the banking application. The banking software applications perform various functions such as transferring & depositing of funds, balance inquiry, and withdrawal of funds. The testing of these software applications is of paramount importance as minuscule error can cause catastrophic losses to banking firms. In addition, the increasing number of regulatory guidelines mandating the upgrade of the banking software infrastructure is also promoting its use in the software testing market.

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Various types of software testing solutions available in the software testing market are application programming interface, installation testing, functional testing, non-functional testing, security testing, software performance testing, compatibility testing, compliance testing, and usability testing. The application of programming testing in numerous front-end software development processes is to connect & transfer data across disparate systems & applications. It helps validate the correctness of the information and helps minimize time triaging bugs among builds integrations.

Software Testing Market size is anticipated to record healthy growth in the projected timeframe propelled by rising need for cost-effective & efficient error detection mechanism among IT organizations across the globe. In the IT landscape, a bug-free software application is the primary differentiating factor to enhance customer satisfaction and gain a competitive edge over other mainstream counterparts. The software testing applications help in the reduction of the product development cycle in an inexpensive & feasible manner, while simultaneously delivering customers with a high-quality product with lower maintenance costs, more consistent, and reliable results.

Major players present in the software testing market are Tata Consultancy Services (TCS), Wipro Limited, Capgemini, CA Technologies, Accenture, IBM Corporation, Infrasoft Technologies, Amdocs, QASymphony, Atos SE, Cognizant, Keytorc Software Testing Services, Cigniti Technologies Limited, UST Global Tech Mahindra, Gallop Solutions, Hexaware Technologies, and QualiTest Group. The companies operating in the market are conducting strategic acquisitions to strengthen their presence in the market. For instance, in May 2018, QualiTest Group acquired the software testing division of NCC Group plc to enhance its UK operations and provide improved value offerings to its customers.

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Arun Hegde
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Global Market Insights, Inc.
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About Global Market Insights
Global Market Insights, Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider; offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy and biotechnology.

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