Software Testing Services Market Share Rises Amid Accelerated Digital Transformation Across Industries | Valuates Reports

Software Testing Services Market Size
The global Software Testing Services market is projected to grow from US$ 88120 million in 2023 to US$ 113450 million by 2029, at a Compound Annual Growth Rate (CAGR) of 4.3% during the forecast period.

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The Software Testing Services Market is witnessing robust growth as businesses across sectors prioritize digital quality assurance to meet rising user expectations and ensure uninterrupted performance. With agile and DevOps methodologies becoming mainstream, the demand for outsourced and specialized testing services continues to surge.

By type, Application Testing commands a substantial share of the market. This is driven by the increasing complexity of enterprise and customer-facing applications, particularly in cloud-native, mobile-first, and multi-platform environments. Application testing covers functionality, usability, performance, and security across diverse software ecosystems. Meanwhile, Product Testing is gaining traction as companies focus on embedded software, SaaS platforms, and product lifecycle management, particularly in industries where software is a key differentiator.

By application, the BFSI sector leads the market, fueled by the need for secure, reliable, and regulatory-compliant digital platforms. High transaction volumes and the rise of fintech apps make testing indispensable in banking and financial environments. The Telecom and IT sectors follow closely, driven by frequent software updates and the need for seamless customer experiences across networks and platforms. The Retail sector is seeing a rapid uptick due to the expansion of e-commerce, omnichannel strategies, and personalized digital interactions. Media and others, including healthcare and manufacturing, also contribute significantly as digital interfaces become integral to service delivery.

With the growing complexity of digital ecosystems, software testing services are no longer an afterthought but a strategic function, critical for operational resilience and customer satisfaction.

Segment by Type

• Application Testing
• Product Testing

Segment by Application

• BFSI
• Telecom
• IT
• Media
• Retail
• Others

By Company

IBM, Capgemini, Wipro, Atos, Computer Sciences Corporation (CSC), Cigniti Technologies, Deloitte, Gallop Solutions, Infosys, NTT DATA, Steria, Tech Mahindra, UST Global

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