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Application Testing Services Market Trends Analysis, Market Opportunities, Key Players, Share And Forecast To 2033
Application Testing Services Market Analysis
The Business Research Company offers in-depth market insights through Application Testing Services Global Market Report 2024, providing businesses with a competitive advantage by thoroughly analyzing the market structure, including estimates for numerous segments and sub-segments.
Market Size And Growth Forecast:
The application testing services market size has grown rapidly in recent years. It will grow from $41.04 billion in 2023 to $45.21 billion in 2024 at a compound annual growth rate (CAGR) of 10.1%. The growth in the historic period can be attributed to quality assurance (QA) demands, complexity of software applications, rise of agile and DevOps practices, globalization and outsourcing, regulatory compliance requirements.
The application testing services market size is expected to see rapid growth in the next few years. It will grow to $72.72 billion in 2028 at a compound annual growth rate (CAGR) of 12.6%. The growth in the forecast period can be attributed to shift-left testing practices, continuous testing in DevOps pipelines, microservices and containerization, security testing in DevsecOps. Major trends in the forecast period include test automation and AI, shift-right testing, performance engineering, mobile application testing.
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Market Segmentation:
The application testing services market covered in this report is segmented -
1) By Testing Type: Functionality Testing, Usability Testing, Performance Testing, Compatibility Testing, Security Testing, Compliance Testing, Automation Testing, Other Testing Types
2) By Organization Size: Small and Medium Enterprises, Large Enterprises
3) By Service Type: Professional Services, Managed Services
4) By Delivery Model: Onshore, Offshore, Nearshore, Onsite
5) By Vertical: Telecom and IT, BFSI, Healthcare and Life Sciences, Government and Public Sector, Media and Entertainment, Manufacturing, Retail, Energy and Utilities, Logistics and Transportation, Other Verticals
Major Driver - Business Digital Transformation's Impact On Driving Application Testing Services Market
The digital transformation of businesses is expected to propel the growth of the application testing services market going forward. Digital transformation refers to the integration of digital technology across all functional areas of a company that helps to improve efficiency, value, and innovations in the organization. Digital transformations help reduce manual efforts in application testing by providing faster feedback and minimizing the time to release the products and services into the market. For instance, in November 2023, according to the National Retail Association, an Australia-based not-for-profit organization, with 11% of businesses fully embracing digital strategies, SMEs have both opportunities and challenges to enhance their online presence. Therefore, an increase in the adoption of digital transformations in businesses is driving application testing services market growth.
Competitive Landscape:
Major companies operating in the application testing services market report are Amazon Web Services Inc., Deloitte Touche Tohmatsu Limited, Accentur*e plc, International Business Machines Corporation, Tata Consultancy Services Limited, BT Group plc, Capgemini SE, Cognizant Technology Solutions Corporation, Infosys Limited, DXC Technology Company, Atos SE, Wipro Limited, Tech Mahindra Limited, EPAM Systems Inc., Capita plc, UST Global Inc., HCL Technologies Limited, Mindtree Limited, Hexaware Technologies Limited, Applause App Quality Inc., QA InfoTech Worldwide Inc., Cigniti Technologies Limited, Xoriant Corporation, Indium Software Limited, AQM Software Testing Lab Pvt Ltd, a1qa LLC, Software Quality Systems S.A., Sauce Labs Inc., ZYMR Inc., Testlio Inc., TestingXperts Pvt. Ltd., Qualitest Group, ThinkSys Inc.
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Top Trend - Innovative Solutions Enhanced Application Testing Services Market Presence
Major companies operating in the application testing services market are focusing on advanced solutions, such as mobile testing services, to enhance software quality and the user experience. Mobile testing services involve assessing and validating the functionality, performance, and usability of mobile applications across various devices and platforms. For instance, in October 2021, Autify Inc., a US-based AI-powered software testing automation platform, launched Autify for Mobile for native app testing. It is a genuine no-code web app enabling effortless creation, execution, and automation of software test scenarios, even without coding expertise. Its AI detects changes in source code and UI, automatically adjusting test scenarios with each run, eliminating the hassle of manual script fixes after new releases.
The Table Of Content For The Market Report Include:
1. Executive Summary
2. Application Testing Services Market Characteristics
3. Application Testing Services Market Trends And Strategies
4. Application Testing Services Market - Macro Economic Scenario
5. Application Testing Services Market Size And Growth
…..
27. Application Testing Services Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix
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