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Stress Testing Solutions Market Exploring Opportunities in Macroprudential Stress Testing
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Impact of COVID-19 on Stress Testing Solutions Market:
► Due to COVID-19 pandemic various countries are undergoing lockdown situation and organizations are enabling their employees to work from their homes.
► This situation has led to the scenario of higher internet surfing and increased traffic on various websites. Hence, there exists a threat of crash of websites, which demands updated crash testing to avoid inconveniences to users.
► This pandemic is perceived as opportunistic for stress testing solutions as traffic on websites as well as web applications have increased. Hence, to prevent these applications or sites from crashing, organizations are using stress testing software.
► Present scenario is expected to surge the stress testing software market growth, owing to shift in demand and increase in popularity of mobile applications.
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With constant need for improved speed and efficiency of stress testing process, increase in adoption of AI and machine learning has been observed. AI-based solutions are major growth enablers for enhanced business performance. Testing solution providers are incorporating AI and machine learning technologies in their products to enhance functionalities such as improved accuracy, faster time to market, increase in scope & depth of test results, and reduction in complications of software testing. This trend is projected to have a positive effect on growth of the overall market.
Key benefits of the report:
► This study presents the analytical depiction of the global stress testing solutions industry 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 global stress testing solutions market share.
► The current market is quantitatively analyzed to highlight the global stress testing solutions market growth scenario.
► Porter's five forces analysis illustrates the potency of buyers & suppliers in the market.
► The report provides a detailed global stress testing solutions market analysis based on competitive intensity and how the competition will take shape in coming years.
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Surge in use of mobile applications has led to rise in demand for stress testing solutions to ensure proper functioning and performance of mobile applications. Stress testing solutions providers are moving toward mobile first strategy and increasing their investments in mobile application developments. Due to the short lifecycle of mobile applications as compared to web applications, mobile applications needs periodic testing.
Key Market Players:
► Akamai Technologies
► International Business Machines Corporation (IBM)
► Hewlett Packard Enterprise Development LP
► Wipro Ltd.
► SAS Institute Inc.
► Infosys Limited
► Tata Consultancy Services Ltd.
► Capgemini SE
► Oracle Corporation.
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