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Automation Testing Market Size, Share, Growth, Trends And Industry Forecast 2023-2032
Automation Testing Market Report
The Business Research Company's Automation Testing Global Market Report 2023 identifies the growth in the demand for automation of the testing process as the major driver for the automation testing market's growth in the forecast period. 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. These benefits are prompting businesses to adopt automation testing for their software. Furthermore, digitalization and automation tools assist in lowering the reliance on labor. This enables to automate business processes and create new digitalized testing models by leveraging web-based solutions and cutting-edge technologies such as blockchain, IoT, 5G, cloud computing, robots, AI, and d+B23ata science.
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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Major competitors in the automation testing market are AFour Technologies, Applitools, Astegic Inc., Broadcom Inc., Capgemini SE, Cigniti Technologies Limited, Codoid Innovations Private Limited, Cygnet Infotech, Froglogic, IBM, Infostrecth, Invensis, Keysight Technologies, Micro Focus, Worksoft, Mobisoft Infotech, Parasoft, ProdPerfect, QA Mentor, QA Source, Ranorex, Sauce Labs, Smartbear Software, Testim.io, Thinksys, Tricentis and QualityKiosk Technologies.
A key trend in the automation testing market includes the rapid adoption of advanced technologies. The advantage of advanced automation testing is that it can help reduce time-to-market and launch a bug-free product by handling repetitive tasks with fewer resources, maximizing return on Investment for businesses. It provides better insights than manual testing when some tests fail. Major companies operating in the automation testing market are employing advanced technologies like Artificial Intelligence (AI) and Machine Learning (ML) to reduce the complexity and enhance the usability of their automation testing services.
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The automation testing market is segmented -
•By Component: Testing Type, Services
•By Type: Functional Testing, Non-Functional Testing
•By Service: Advisory And Consulting Services, Planning And Development Services, Implementation Services, Managed Services
•By End-User: IT And Telecommunication, BFSI, Healthcare, Retail, Transportation And Logistics, Avaiation, Hospitality, Government, Energy And Power
•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.
The Business Research Company's "Global Automation Testing Market Report 2023" provides a thorough understanding of the market across 60 geographies. The report covers market size, growth rate, segments, drivers and trends in every region and country. In addition, the report offers insights on historical and forecast growth, helping players analyze and strategize better.
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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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