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Application Testing Services Market 2024: Growth, Trends, Forecast And Analysis
Application Testing Services Market
Application Testing Services Global Market Report 2024 by The Business Research Company offers comprehensive market insights, empowering businesses with a competitive edge. It includes detailed estimates for numerous segments and sub-segments, providing valuable strategic guidance.
The Market Size Is Expected To Reach $72.72 billion In 2028 At A CAGR Of 12.6% :
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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Application Testing Services Market Major Segments
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
Key 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.
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Prominent Trend - Strategic Partnerships Fueling Application Testing Services Market Growth
Strategic partnerships are a key trend gaining popularity in the application testing services market. Many companies operating in the application testing services market are undergoing partnerships to strengthen their position in the market. For instance, in May 2022, BT Group plc, a UK-based telecommunications company, partnered with MTN Group Limited, a South African-based telecommunications company. The partnership would provide managed connectivity, cloud security, and voice services to MTN Business clients, which is a significant new overseas endeavor for BT. Despite being marketed as an MTN corporate initiative, it appears the South African division is in charge.
Application Testing Services Market Players
Major companies operating in the application testing services market report are Amazon Web Services Inc., Deloitte Touche Tohmatsu Limited, 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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Largest And Fastest Growing Region In The Market
Asia-Pacific was the largest region in the application testing services market in 2023. North America was the second-largest region of the application testing services market. The regions covered in the application testing services market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
The Table Of Content For The Market Report Include:
1. Executive Summary
2. Application Testing Services Market Report Structure
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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