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Crowdsourced Testing Market: Comprehensive Analysis of Emerging Trends and Market Advancement Strategies
Crowdsourced Testing Market
As per the report, the crowdsourced testing market size has grown rapidly in recent years. It will grow from $2.16 billion in 2023 to $2.38 billion in 2024 at a compound annual growth rate (CAGR) of 10.2%. The crowdsourced testing market size is expected to see strong growth in the next few years. It will grow to $3.46 billion in 2028 at a compound annual growth rate (CAGR) of 9.8%.
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Impact Of Internet Penetration On Crowdsourced Testing Market Growth
The increasing internet penetration is expected to propel the growth of the crowdsourced testing market going forward. The rise of remote work, online shopping, e-commerce platforms, and online learning highlighted the demand for internet connectivity. Crowdsourced testing provides valuable insights into how internet connections perform in real-world scenarios, including during peak usage times, in different geographical locations, and with various network providers. This approach involves leveraging a diverse pool of testers from other places to evaluate software under realistic conditions, including network performance testing. For instance, in November 2022, according to a report published by the International Telecommunication Union, a Switzerland-based specialized agency, around 5.3 billion individuals, representing 66% of the world's population, were estimated to be internet users in 2022. This indicates a growth rate of 6.1% compared to 2021. Therefore, increasing internet penetration is driving the growth of the crowdsourced testing market.
Innovative Technologies Driving Advancements In Crowdsourced Testing
Major companies operating in the crowdsourced testing market are developing advanced technologies such as crowdsourcing platforms. A crowdsourcing platform is a digital space where individuals or organizations can engage with a global community of problem solvers to address various challenges, tasks, or projects. For instance, in December 2023, Tech Mahindra, an India-based information technology services and consulting company, launched Populii. This platform connects gig workers with leading organizations to collaborate on micro-jobs. The platform offers flexible work options for gig workers while giving businesses trustworthy data from skilled professionals. Populii provides numerous opportunities for gig workers to work in data management, microtasks, and user research with industry-leading companies. The crowdsourcing platform aligns with Tech Mahindra's NXT.NOW philosophy, prioritizing the 'Human Centric Experience' and investing in emerging technologies to promote digital transformation and address changing customer needs.
The crowdsourced testing market covered in this report is segmented -
1) By Component: Platform, Services
2) By Deployment Mode: Cloud, On-Premises
3) By Type: Exploratory Testing, Graphical User Interface (GUI) Testing, Usability Testing, Functional Testing, Performance Testing, Other Testing Types
4) By Application: Mobile Applications, Web Applications, Native Desktop Applications
5) By End-User: Banking, Financial Services, And Insurance (BFSI), IT And Telecom, Retail, Healthcare And Life Sciences, Media And Entertainment, Other End-Users
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Major companies operating in the crowdsourced testing market are Infosys Limited, EPAM Systems Inc., MSG Systems AG, Flatworld Solutions Pvt. Ltd., Computer Task Group Inc. (CTG), Qualitest Inc., Cigniti Technologies Ltd., Bugcrowd Inc., test IO Inc., Testbirds GmbH, Synack, Testlio Inc., ImpactQA, Global App Testing, Rainforest QA Inc., Digivante Ltd., Qualitrix Technologies Pvt. Ltd., Ubertesters Inc., MyCrowd, Crowd4Test, TestUnity, Test Yantra Software Solutions, QA Mentor Inc., Cobalt Labs Inc., Applause App Quality Inc., Crowdsprint Pty Ltd
Contents of the report:
1. Executive Summary
2. Crowdsourced Testing Market Report Structure
3. Crowdsourced Testing Market Trends And Strategies
4. Crowdsourced Testing Market - Macro Economic Scenario
5. Crowdsourced Testing Market Size And Growth
…..
27. Crowdsourced Testing Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix
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