US$ 33.2 Billion Test Environment as a Service Market Analysis & Forecasts to 2023-2028

What is the Size of Test Environment as a Service Market ? :

IMARC Group's latest report, titled "Test Environment as a Service Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028", the global test environment as a service market size reached US$ 10.8 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 33.2 Billion by 2028, exhibiting a growth rate (CAGR) of 20.9% during 2023-2028.

What is Test Environment as a Service Market ? :

Test environment as a Service represents an outsourcing model that provides a setup of several hardware, software, and network facilities to manage and conduct end-to-end software testing environments. They can be categorized into cloud-based test environment management solutions and Testing as a Service (TaaS) offerings. Test environment as a Service platform enable software testers and developers to build high-quality applications and software products. They allow the monitoring of cloud-based applications and Testing of automated regression, security, performance, and enterprise resource planning (ERP) software. Test environment as a Service models help organizations conduct tests off-premises and in an end-user-centric environment and are extremely scalable, customizable, reliable, and cost-effective. Consequently, they find extensive utilization in small, medium, and large enterprises across countries.

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Test Environment as a Service Market Growth:

The expanding information technology (IT) industry and the escalating adoption of as-a-service solutions across the globe are primarily driving the Test environment as a Service market. In addition to this, the development of automated testing systems that minimize the time required for performing quality assurance tests and provide virtual facilities to the developer to test the code of the software in real time is acting as another significant growth-inducing factor. Moreover, the introduction of on-demand test labs that are ideal for conducting collaborative software testing in a multi-platform environment is also positively influencing the global market. Apart from this, growing urbanization, the elevating employment of mobile application testing, and the inflating investments in research and development (R&D) activities to facilitate technological advancements are projected to drive the Test Environment as a Service market in the coming years.

Competitive Landscape with Key Players:

• Atos SE
• CA Technologies
• Capgemini
• Cognizant
• HCL Technologies Limited
• HP Development Company
• L.P
• International Business Machines
• Infosys Limited
• KPIT Technologies
• QA Infotech
• Wipro Limited

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Key Market Segmentation:

Breakup by Type:

• Cloud-Based Test Environment Management Solutions
• Testing as a Service (TaaS) Offerings

Breakup by End-User:

• Small and Medium Enterprises
• Large Enterprises

Breakup by Region:

• North America (United States, Canada)
• Asia Pacific (China, Japan, India, Australia, Indonesia, Korea, Others)
• Europe (Germany, France, United Kingdom, Italy, Spain, Others)
• Latin America (Brazil, Mexico, Others)
• Middle East and Africa (United Arab Emirates, Saudi Arabia, Qatar, Iraq, Other)

Key Highlights of the Report:

• Market Performance (2017-2022)
• Market Outlook (2023-2028)
• Porter's Five Forces Analysis
• Market Drivers and Success Factors
• SWOT Analysis
• Value Chain
• Comprehensive Mapping of the Competitive Landscape

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This release was published on openPR.