Software testing and QA services Market is foreseen to grow at CAGR of 13% by 2030 Focusing on Top Key Players- Wipro, Maveric Systems, DXC Technology

Market Overview:

Software testing and QA services ensure the quality, performance, and security of software applications. It involves validating and verifying that developed software code meets defined requirements and business needs.

Market Dynamics:

The software testing and QA services market is expected to witness significant growth due to increasing digital transformation across industries. As more companies adopt digital technologies and launch online platforms, the need for robust software testing is growing. Another driver for the market is the rising complexity of applications. Modern applications involve various integrations and functionalities, requiring sophisticated testing methodologies to identify bugs and flaws. Furthermore, new technologies like AI and blockchain are enhancing testing capabilities by simulating vast combinations of scenarios. This is supporting market growth over the forecast period.

According to Coherent Market Insights study, The global Software Testing and QA Services market size was valued at US$ 38.42 billion in 2023 and is expected to reach US$ 90.39 billion by 2030, grow at a compound annual growth rate (CAGR) of 13% from 2023 to 2030

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Rising demand for cutting-edge technologies drives growth in the software testing and QA services market

The rapid adoption of advanced technologies such as artificial intelligence, machine learning, blockchain, internet of things and cloud computing is driving companies to upgrade their software solutions. As technologies evolve at a fast pace, software testing has become critical to validate the reliability, security and performance of new software before launching. This has significantly increased the demand for specialized software testing services that can test and validate new-generation technologies. Software testing service providers are making heavy investments in skilling their workforce on emerging technologies to capitalize on this demand.

Increasing shift left testing leads to early defect detection and faster innovation

To develop robust software solutions faster and minimize bugs before product launch, companies are increasingly embracing test-driven development and incorporating testing in the initial development stages known as shift left testing. Early testing identifies defects early in the development lifecycle which are cheaper and easier to fix compared to bugs detected later. This drives greater usage of testing automation, continuous integration/delivery practices and behavior-driven development. Software testing service providers are enabling customers to embrace agile practices and shift left testing through testing as a service models and testing automation platforms.

Budget constraints limit investments in advanced testing capabilities

While advanced testing is crucial given today's technology landscape, many small and medium organizations struggle to allocate sufficient budgets for comprehensive software testing activities. Establishing dedicated quality assurance teams, procuring specialized testing tools and skill development require heavy investments. Cost pressures particularly impact investments in newer testing domains such as performance testing, security testing, and testing for emerging technologies. This adversely impacts the ability of such organizations to thoroughly test software applications and deliver bug-free products.

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Opportunity to target pent-up demand from SMBs through outsourced testing

The budget constraints faced by SMBs in establishing in-house QA capabilities present significant opportunities for independent software testing service providers. By offering dedicated testing teams, domain expertise, testing tools and platforms on a pay-per-use model, third-party testers can help SMBs access advanced testing services in a cost-effective manner. This addresses the pent-up testing demand from SMBs, helping them test applications comprehensively despite budgetary limitations. Savvy QA service providers are leveraging outsourced testing models to tap into the huge untapped SMB client base.

Increased digitization drives demand for testing of digital customer experiences

Growing digitization of businesses across multiple industries is driving the focus onto creating seamless digital customer experiences. Companies are strongly investing in developing robust digital solutions such as mobile apps, web applications, IoT products and associated digital services. With customers experiencing applications directly, testing plays a critical role in ensuring a defect-free digital experience. This is rapidly boosting demand for specialized testing services focused on user experience evaluation, performance and reliability testing of digital touchpoints. User experience testing is emerging as a growth driver in the software testing market.

The major players operating in the market include:

➱ TCS
➱ Wipro
➱ Cognizant
➱ Infosys
➱ IBM
➱ Qualitest
➱ CGI
➱ Mindtree
➱ Cygnet Infotech
➱ Maveric Systems
➱ QA Mentor
➱ A1QA
➱ QA Source
➱ QASource
➱ Capgemini
➱ HCL Technologies
➱ Atos
➱ DXC Technology
➱ Tech Mahindra

These companies are focusing on new product development, partnerships, collaborations, and mergers and acquisitions to increase their market share and maintain their position in the market.

Detailed Segmentation:

By Testing Type
◘ Functional Testing
◘ Non-functional Testing
◘ Manual Testing
◘ Automation Testing
◘ Compatibility Testing
◘ Security Testing

By Endpoint Interface
◘ Mobile Testing
◘ Web Testing
◘ Desktop Testing
◘ Embedded Software Testing
◘ API Testing
◘ Cloud Testing

By Organization Size
◘ Small and Medium Enterprises
◘ Large Enterprises

By Verticals
◘ BFSI
◘ Telecom and IT
◘ Healthcare and Life Sciences
◘ Retail and eCommerce
◘ Manufacturing
◘ Government and Public Sector

Market segment by Region/Country including:

- North America (United States, Canada and Mexico)
- Europe (Germany, UK, France, Italy, Russia and Spain etc.)
- Asia-Pacific (China, Japan, Korea, India, Australia and Southeast Asia etc.)
- South America (Brazil, Argentina and Colombia etc.)
- Middle East & Africa (South Africa, UAE and Saudi Arabia etc.)

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Frequently Asked Questions (FAQs):

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This release was published on openPR.