Global Test Environment as a Service Market to Exhibit 23.50% CAGR 2016-2020 as Use of Cloud-based Testing Increases

MarketResearchReports.biz recently announced the addition of a new market intelligence study to its vast collection of research reports. The 68-page research report, titled “Global Test-Environment-As-A-Service Market 2016-2020,” provides a detailed analysis of the market, providing insights into the growth drivers, barriers, product segmentation, and the competitive landscape.

According to the research study, the global market for test environment as a service is anticipated to register a 23.50% CAGR between 2016 and 2020. The increased adoption of as-a-service models for testing services and rising inclination towards test automation services are some of the primary factors propelling the global TEaaS market. In addition, the faster release of software, cost reduction, and rise in agile testing services are some of the other factors expected to augment the growth of the market in the next few years.

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Furthermore, the growing adoption of mobile application testing, increasing use of cloud-based testing, and the emergence of virtualized test environments and on-demand software testing labs are some of the current trends in the global market. These market trends have created potential opportunities for the key players in the market to expand their product catalogue and strengthen their position in the global market in the near future. However, concerns related to data isolation, lack of unified environment provisioning, and cyber security issues are estimated to hamper the growth of the market in the near future.

The global TEaaS market has been categorized on the basis of geography into EMEA, APAC, and the Americas. In 2015, the Americas led the global TEaaS market with a 42% share. This region is anticipated to remain the leader throughout the forecast period, owing to the growing demand for automated software quality software as a service (SaaS) and cloud testing across several organizations. Furthermore, the rising need to manage complex sourcing environments is estimated to boost the demand for implementation of TEaaS solutions in this region in the near future.

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The global test environment as a service market is highly fragmented and competitive in nature. The key players in this market are competing with each other by offering TEaaS solutions with extra features and price flexibility in order to gain the competitive edge in the market. In the next few years, the competition is expected to become more intense with the rising demand for cloud computing services across the globe.

The leading players engaged in the global TEaaS market include Infosys, IBM, CSC, Wipro, and HCL Technologies. Some of the other players listed in the research report are QA Infotech, Capgemini, Tech Mahindra, Accenture, Infotree Solutions, TCS, Mindtree, HP, Atos, CA Technologies, and Cognizant. The players in the market are making enormous investments in order to develop cloud-based testing solutions and services and improve their offerings.

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