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Automation Testing Market Analysis 2023-2032: Size, Trends, Scope And Revenue Forecast | AFour Technologies, Applitools, Astegic Inc., Broadcom Inc, Cigniti Technologies Limited
Automation Testing Market
Automation Testing Market Size, Growth Rate, And Forecast
The global automation testing market size grew from $19.75 billion in 2022 to $24.39 billion in 2023 at a compound annual growth rate (CAGR) of 23.5%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The automation testing market size is expected to grow to $45.07 billion in 2027 at a CAGR of 16.6%.
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Automation Testing Market Drivers
The growth in the demand for automation of the testing process is expected to propel the development of the automation testing market. Automation testing provides many benefits like completing routine tasks, quickly discovering faults, accuracy, and continuous feedback, which saves time and personnel and will lead to lower software testing costs.
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Automation Testing Market Segments
1. By Component: Testing Type, Services.
2. By Type: Functional Testing, Non-Functional Testing.
3. By Service: Advisory And Consulting Services, Planning And Development Services, Implementation Services, Managed Services.
4. By End-User: IT And Telecommunication, BFSI, Healthcare, Retail, Transportation And Logistics, Avaiation, Hospitality, Government, Energy And Power.
5. By Geography: Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. North America was the largest region in the Automation Testing market.
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Automation Testing Market Key Players
Major competitors in the automation testing market include AFour Technologies, Applitools, Astegic Inc., Broadcom Inc., Capgemini SE, Cigniti Technologies Limited, Cigniti Technologies Limited.
The Business Research Company's "Global Automation Testing Market Report 2023" is a comprehensive report of the market, covering over 60 geographies and high level market segmentation per geography. The section on regional and country breakdowns examines the market in each geography as well as market size by region and country. Furthermore, it evaluates the market's historical and projected growth and identifies significant trends and strategies that businesses can use to expand their operations.
The Table Of Content For The Automation Testing Market Include:
1. Executive Summary
2. Automation Testing Market Characteristics
3. Automation Testing Market Trends And Strategies
4. Automation Testing Market - Macro Economic Scenario
5. Automation Testing Market Size And Growth
……
26. Africa Automation Testing Market
27. Automation Testing Market Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions In The Automation Testing Market
29. Automation Testing Market Future Outlook and Potential Analysis
30. Appendix
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