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Testing Software Market Size Forecasted To Achieve $85.9 Billion By 2029 With Steady Growth
Testing Software
What Is the Testing Software Market Size and Projected Growth Rate?
The market size of testing software has seen significant growth in recent years, with the projected size expected to increase from $54.69 billion in 2024 to $57.95 billion in 2025, reflecting a compound annual growth rate (CAGR) of 6.0%. The surge during the historic period is credited to robust economic expansion in burgeoning markets, the rise of digitalization in developing economies, and a heightened uptake of smart consumer products.
The market size of testing software is predicted to swiftly expand in the following years, reaching $85.9 billion by 2029 with a compound annual growth rate (CAGR) of 10.3%. The escalation during the forecast period could be due to the greater accessibility of advanced devops solutions, an upsurge in the adoption of cloud computing, and an increase in the usage of test automation services. Major trends causing this advancement over the forecast period are the improved access to advanced devops solutions, the increased usage of cloud computing, and the rise in test automation services.
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What Are the Major Segments in the Testing Software Market?
The testing software market covered in this report is segmented -
1) By Type: System Integrator, Pureplay Testing Software
2) By Component: Application Testing, Services
3) By End-User: BFSI (Banking, Financial Service and Insurance), IT (Information Technology) And Telecom, Life Sciences And Healthcare, Media And Entertainment, Manufacturing, Energy And Utilities, Retail, Consumer Goods, Other End Users
Subsegments:
1) By System Integrator: Application Testing Solutions, End-to-End Testing Solutions, Test Environment Management, Quality Assurance Services
2) By Pureplay Testing Software: Automated Testing Tools, Performance Testing Software, Functional Testing Software, Security Testing Software
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What Are The Driving Testing Software Market Evolution?
The rapid uptake of smart consumer products is anticipated to bolster the expansion of the testing software market in the future. Smart consumer products - devices with internet connectivity made for consumers that can share information about themselves, their environment, and users - are driving this trend. The automation of software testing is an essential part of the groundwork for online activities involving smart products. This crucial domain draws significant focus from those involved in online software testing. For instance, RubyHome, a US-based real estate firm, stated in August 2023 that 63.43 million American households were using smart home devices. Additionally, about 7 out of every 10 potential homebuyers expressed a willingness to purchase smart homes. As such, the rapidly growing adoption of smart consumer products is fueling the expansion of the testing software market.
Which Firms Dominate The Testing Software Market Segments?
Major companies operating in the testing software market include IBM Corporation, Capgemini SE, Infosys Limited, Cognizant Technology Solutions, Wipro Limited,Hexaware Technologies Limited, accenture* plc, DXC Technology Company, HCL Technologies Limited, Qualitest Group, TestScenario, Tata Consultancy Services (TCS), Perfect QA, Smartbear, Konstant Infosolutions, QPSoftware, 51Testing, Pactera, Testin Ltd, Innowise Group, QA Wolf, 10Pearls, QualityLogic, HikeQA, Binmile, Andersen Inc., 9Aqa IT Solutions, QA Mentor, SimbirSoft, Aspired, Maxilect, Mindful QA, QASource, ScienceSoft, Altoros, Global App Testing, Aspire Systems, Sauce Labs, BugRaptors, QA Consultants, Testrig Technologies, Tech Mahindra, Testim.io, TestingXperts Inc, Packetlabs, QualityProTech, iLAB
What Trends Are Expected to Dominate the Testing Software Market in the Next 5 Years?
Leading corporations in the testing software market are honing in on product innovation and novel product solutions to bolster their market stronghold. For instance, in October 2022, Datadog, Inc., a company from the US that provides a security and monitoring platform for cloud applications, debuted their Unified End-to-End Testing Platform. They also announced the wide-scale availability of their new offering, Datadog Continuous Testing, which aids developers and quality engineers in swiftly developing, managing and executing end-to-end tests for their web applications.
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Which Is The Largest Region In The Testing Software Market?
North America was the largest region in the testing software market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the testing software market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
Frequently Asked Questions:
1. What Is the Market Size and Growth Rate of the Testing Software Market?
2. What is the CAGR expected in the Testing Software Market?
3. What Are the Key Innovations Transforming the Testing Software Industry?
4. Which Region Is Leading the Testing Software Market?
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