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Continuous Testing Market Research Report 2024 - By Growth, Recent Trends, Key Players And Forecast To 2033
Continuous Testing Market Research Report
According to The Business Research Company's, The continuous testing market size has grown rapidly in recent years. It will grow from $2.59 billion in 2023 to $3.05 billion in 2024 at a compound annual growth rate (CAGR) of 17.7%. The growth in the historic period can be attributed to the increasing need for reducing costs of defects and improving tests, increasing demand for timely delivery and digital transformations, accelerated release cycles, and increased automation.
The continuous testing market size is expected to see rapid growth in the next few years. It will grow to $5.90 billion in 2028 at a compound annual growth rate (CAGR) of 17.9%. The growth in the forecast period can be attributed to the adoption of agile and DevOps, the increasing need for continuous and timely delivery, increasing demand for IoT-enabled devices, the complexity of software applications, and quality assurance (QA) optimization. Major trends in the forecast period include a shift-left approach, test automation, shift-right testing, security testing, shift to cloud-based testing solutions.
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Market Drivers and Trends:
The increasing demand for IoT devices is expected to propel the growth of the continuous testing market going forward. IoT (Internet of Things) devices refer to specialized computing hardware like sensors, actuators, or appliances that wirelessly connect to a network, enabling them to transmit data and interact over the Internet. The adoption of IoT (Internet of Things) devices is on the rise due to several key factors, including the proliferation of high-speed internet and wireless networks, the declining cost of hardware components, and the growing demand for smart devices. IoT devices can simulate various environmental factors like temperature, humidity, pressure, and motion to enable testers to validate the performance of their applications under different conditions. Test automation tools can interact with IoT devices to perform functional, performance, and compatibility testing across a wide range of devices and configurations. For instance, in August 2022, according to the report published by the Health Sector Cybersecurity Coordination Center (HC3), a US-based part of the Department of Health and Human Services (HHS) Cybersecurity Program, approximately 7 billion devices are connected through the Internet of Things (IoT) in 2022, and projections indicate substantial growth, with an estimated 20 billion additional devices expected to leverage this technology by the year 2025. Therefore, increasing demand for IoT devices is driving the growth of the continuous testing market.
Major companies operating in the continuous testing market are focused on introducing advanced continuous testing services, such as virtual mobile grid services, to gain a competitive edge in the market. A virtual mobile grid service is a cloud-based service that allows for testing mobile applications at scale by providing the ability to author, execute, and analyze tests across thousands of real and virtual devices. For instance, in October 2023, Tricentis GmbH, an Austria-based software testing company, launched the Virtual Mobile Grid service to its mobile application testing grid portfolio to make it simpler to test mobile applications at scale. This service provides solutions for mobile application testing that address various challenges faced by development teams in ensuring the quality and performance of mobile apps across different devices and platforms. It can also automatically create and run tests, streamlining the testing process and ensuring that tests are conducted efficiently before deployment in a production environment.
Key Benefits for Stakeholders:
• Comprehensive Market Insights: Stakeholders gain access to detailed market statistics, trends, and analyses that help them understand the current and future landscape of their industry.
• Informed Decision-Making: The reports provide crucial data that support strategic decisions, reducing risks and enhancing business planning.
• Competitive Advantage: With in-depth competitor analysis and market share information, stakeholders can identify opportunities to outperform their competition.
• Tailored Solutions: The Business Research Company offers customized reports that address specific needs, ensuring stakeholders receive relevant and actionable insights.
• Global Perspective: The reports cover various regions and markets, providing a broad view that helps stakeholders expand and operate successfully on a global scale.
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Major Key Players of the Market:
International Business Machine Corporation, Broadcom Inc, Capgemini SE, Cognizant Technology Solutions India Private Limited, HCL Technologies Limited, Atos SE, Tech Mahindra Limited, EPAM Systems Inc, Micro Focus International plc, Larsen and Toubro Infotech Limited, QualiTest Group, Mindtree Consulting Limited, Hexaware Technologies Limited, Vector Software Inc, Sauce Labs Inc, Spirent Communications plc, Parasoft Corporation, Tricentis India Pvt. Ltd, Applause Quality Inc, Cigniti Technologies Limited (Cigniti), NIIT Technologies Limited, QA Mentor, SmartBear Software LLC, Worksoft Inc, Appvance Inc, Kobiton Inc, LogiGear Corporation, Softcrylic LLC, PractiTest Ltd, Testplant Limited
Continuous Testing Market 2024 Key Insights:
• The continuous testing market size is expected to see rapid growth in the next few years. It will grow to $5.90 billion in 2028 at a compound annual growth rate (CAGR) of 17.9%.
• Increasing Demand For IoT Devices Driving Continuous Testing Market Growth
• Introduction Of Virtual Mobile Grid Service For Enhanced Mobile Application Testing
• North America was the largest region in the continuous testing market in 2023
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The Business Research Company (www.thebusinessresearchcompany.com) is a leading market intelligence firm renowned for its expertise in company, market, and consumer research. With a global presence, TBRC's consultants specialize in diverse industries such as manufacturing, healthcare, financial services, chemicals, and technology, providing unparalleled insights and strategic guidance to clients worldwide.
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