Press release
Outsourced Software Testing Services Market Poised for 15% Growth, Set to Hit $0.98 Billion by 2029
Outsourced Software Testing Services Market Size
The market size of outsourced software testing services has seen a swift expansion in recent times. It is projected to escalate from $52.92 billion in 2024 to $61.13 billion in 2025, marking a compound annual growth rate (CAGR) of 15.5%. Elements driving the growth during the historical phase include the need for cost reduction, intricacy of software systems, globalisation of IT services, advances in testing technology, increasing demand for quality assurance, company focus on core competencies, as well as the rising tendency to outsource non-core tasks.
The market for outsourced software testing services is predicted to witness substantial growth in the coming years, potentially reaching $107.72 billion by 2029, exhibiting an annual compound growth rate (CAGR) of 15.2%. The growth during this forecast period is projected to be driven by factors such as digital transformation initiatives, the increasing presence of mobile devices and IoT, stringent regulatory and compliance requirements, cloud computing expansion, an increased focus on cybersecurity, the requirement for a swifter go-to-market timeline, and progress in artificial intelligence and machine learning. The period under review is also expected to see certain trends including the use of AI-based testing tools, the growing incorporation of automation in testing procedures, the shift toward ongoing testing in DevOps settings, the use of blockchain technology for improved security, the rising demand for virtual and remote testing solutions, an increase in specialized testing services for novel technologies, and an emphasis on user experience and access testing.
What Are the Key Drivers Behind the Growth of the Outsourced Software Testing Services Market?
The ever-increasing need for cloud-based services is anticipated to boost the expansion of the market for outsourced software testing services. Defined as the delivery of applications and computing resources over the internet, cloud-based services provide users ease of access and usage without the burden of overseeing physical hardware. The appeal of cloud-based services is amplified by their versatility, cost-effectiveness, and expandability, allowing enterprises to adjust swiftly to evolving demands and negate massive initial investments. Outsourced software testing services augment these cloud-based solutions by providing specialized testing that guarantees security, reliable performance, and fulfillment of user expectations of cloud applications, thus aiding companies to sustain efficient and high-quality cloud operations. For example, data from Eurostat, the European Union's statistical office based in Luxembourg, shows that around 45.2% of EU enterprises utilized cloud computing services in 2023, primarily for email hosting, file storage, and numerous operational tasks; this indicates a significant upswing of 4.2 percentage points from 2021. Consequently, the booming need for cloud-based services is fueling the expansion of the market for outsourced software testing services.
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Who Are the Major Industry Players Fueling Outsourced Software Testing Services Market Expansion?
Major companies operating in the outsourced software testing services market are accenture* plc, International Business Machines Corporation, The Hewlett Packard Enterprise Company, Capgemini SE, Cognizant Technology Solutions Corporation, Infosys Ltd., HCL Technologies Limited, Atos SE, Wipro Enterprises And Private Ltd, Tech Mahindra Limited, Amdocs Limited, Mindtree Limited, V-Soft Consulting Group Inc, A1QA, Crowdtesting, Cigniti Technologies Limited, Katalon Studio, Think Future Technologies Pvt. Ltd, Testlio Inc., Xoomworks Technology, TestMatick, DeviQA, PixelCrayons, SQA Labs Inc., Cypress.io Inc., Software Quality Systems Inc.
What Are the Major Trends Shaping the Outsourced Software Testing Services Market?
In an effort to secure a competitive advantage, leading businesses in the outsourced software testing services market are producing innovative solutions, such as AI-powered testing platforms. These platforms leverage artificial intelligence to automate and improve the software testing procedures. For instance, LambdaTest, an American software testing provider, in August 2024, introduced KaneAI, a revolutionary AI Test Assistant meant to facilitate the software testing procedure. Through enabling users to formulate, troubleshoot, and handle tests using natural language, KaneAI strives to make automation in testing more user-friendly. This groundbreaking tool assists quality engineering teams in dealing with coding and manual scripting's complexities. Moreover, it offers support for multi-language code export across major frameworks, guaranteeing seamless test upkeep and execution.
How Is the Segmentation of the Outsourced Software Testing Services Market Defined?
The outsourced software testing services market covered in this report is segmented -
1) By Type: Microsoft Windows; Mac OS X; Linux
2) By Application: Unit Testing; Integration Testing; End-To-End Functionality Testing; Usability Testing; System Testing; Performance Testing; Load And Stress Testing;
3) By End-use Industry: Banking, Financial Services, And Insurance (BFSI); Telecommunication; Information Technology; Retail; Other End-use Industries
Subsegments:
1) By Microsoft Windows: Desktop Application Testing; Web Application Testing; Mobile Application Testing; Compatibility Testing; Security Testing For Windows Applications; Performance Testing For Windows Platforms
2) By Mac OS X: Desktop Application Testing For macOS; Web Application Testing On macOS; Mobile Application Testing; Cross-Platform Compatibility Testing; Security Testing For macOS Applications; Usability Testing On Mac OS X Devices
3) By Linux: Desktop Application Testing On Linux; Server Application Testing On Linux; Web Application Testing On Linux; Mobile Application Testing (Linux-Based); Cross-Platform Compatibility Testing; Security And Penetration Testing On Linux Systems; Performance And Load Testing On Linux Platforms
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What Is the Leading Region in the Outsourced Software Testing Services Market?
North America was the largest region in the outsourced software testing services market in 2024. The regions covered in the outsourced software testing services market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
What Is Covered In The Outsourced Software Testing Services Global Market Report?
- Market Size Analysis: Analyze the outsourced software testing services Market size by key regions, countries, product types, and applications.
- Market Segmentation Analysis: Identify various subsegments within the outsourced software testing services Market for effective categorization.
- Key Player Focus: Focus on key players to define their market value, share, and competitive landscape.
- Growth Trends Analysis: Examine individual growth trends and prospects in the market.
- Market Contribution: Evaluate contributions of different segments to the overall outsourced software testing services market growth.
- Growth Drivers: Detail key factors influencing market growth, including opportunities and drivers.
- Industry Challenges: Analyze challenges and risks affecting the outsourced software testing services market.
- Competitive Developments: Analyze competitive developments, such as expansions, agreements, and new product launches in the market.
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