Crowdsourced Testing Market | Seeking New Highs- Current Trends and Growth Drivers

North America is expected to hold a significant share during the forecast period, due to the rapid adoption of advanced technologies, such as cloud computing. North American government is assisting crowdsourced testing service providers execute effective crowdsourced testing solutions. North American is a technology center. Hence, the government has made strict guidelines regarding security crowdsource testing services. Furthermore, the government has made compulsory for businesses, such as BFSI, to comply with guidelines. The presence of developed countries, such as the U.S. and Canada, which are quickly adopting the latest technologies because of the increased internet penetration and improving customer demand, is also considered to be a major factor for the market growth.

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Impact of COVID-19 on Crowdsourced Testing Market-

► The spread of COVID-19 pandemic has negatively affected the crowdsourced testing market. The computer and software industry were mostly affected because of the financial crisis in various industries. The fear of pandemic has affected the businesses in U.S. and Europe who are dependent on India for IT based solutions.

► The market is expected to observe significant growth in the post-pandemic situation, because of the integration of latest technologies with the traditional software. The government initiatives to deploy latest technologies is the factor responsible for market growth. However, Clients could significantly reduce their IT spending which may affect the market growth.

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The increase in demand for cost effective operations and rise in the number of devices with numerous specifications, operating systems, and applications demand for testing of software in different devices or platforms which drives the growth of crowdsourced testing market. In addition, businesses need to deploy crowdsourced testing services to gain user insights and assure software quality as per the user at an incredibly quickening pace and in a cost-effective manner and thus driving the market growth. However, data security and privacy concerns are expected to hamper the market growth. Furthermore, emergence of digital technologies such as artificial intelligence, cloud computing, and internet of things across the globe is anticipated to provide lucrative opportunities to the growth of crowdsourced testing market.

Key benefits of the report:

► This study presents analytical depiction of the crowdsourced testing market along with the current trends and future estimations to determine the imminent investment pockets.

► The report presents information related to key drivers, restraints, and opportunities along with detailed analysis of the market share.

► The current market is quantitatively analyzed to highlight the market growth scenario.

► Porter's five forces analysis illustrates the potency of buyers & suppliers in the market.

► The report provides a detailed market analysis based on the present and future competitive intensity of the market.

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The large scale businesses are expected to hold a large market size during the forecast period. Crowdsourced testing helps in achieving the high-level of quality assurance, development and release process, and bug handling which is serious to their development groups and helps in improving the overall company's quality and responsiveness. Hence, lessening the time and effort spend on testing, gives access to global testers for results as well as helping to deliver higher quality applications.

Key Market Players:

► Nomura Research Institute, Ltd

► Qualitrix, Cobalt Labs Inc.

► Cigniti Technologies

► Infosys Limited

► EPAM Systems, Inc.

► Bugcrowd Inc.

► Flatworld Solutions Pvt. Ltd.

► Qualitest

► Test Yantra Software Solutions

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