Managed Testing Services Market: Major Trends Reshaping the Future of the Industry

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What Will the Managed Testing Services Industry Market Size Be by 2025?
The market size for managed testing services has experienced quick expansion in the past few years. Anticipated to rise from $349.63 billion in 2024 to $401.36 billion in 2025, it presents a compound annual growth rate (CAGR) of 14.8%. Factors behind this growth during the historical period include the growing dependency on digital platforms, intricate software systems, global expansion of businesses, regulatory compliance needs, pressure for cost effectiveness, and demand for specialized testing capabilities.

What's the Long-Term Growth Forecast for the Managed Testing Services Market Size Through 2029?
The market size for managed testing services is projected to experience swift expansion in the coming years, ballooning to a colossal $688.27 billion by 2029, with a compound annual growth rate (CAGR) of 14.4%. The predicted growth during the forecast period can be credited to factors like the quick uptake of new technologies, an increased emphasis on cybersecurity, widespread business globalization, the need for ongoing integration and delivery, the evolution of regulatory compliance standards, and an escalating demand for specialized testing proficiency. Important trends anticipated during the forecast period encompass emerging technologies such as AI, machine learning, the Internet of Things, and blockchain, alongside a rising propensity for cloud-based testing platforms, a focus on security testing, the integration of agile and DevOps methodologies into testing procedures, a surge in automated testing tools and frameworks, a growing fondness for outcome-based testing models, and the emergence of hybrid testing strategies.

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What Are the Key Growth Drivers Fueling the Managed Testing Services Market Expansion?
With the rise in digital transformation, the market for managed testing services is expected to see significant growth. Digital transformation, which entails performing various tasks or operations using digital technology like computers or handheld devices, is gaining popularity due to its ability to enhance efficiency, productivity, and competitiveness in various industries through the use of advanced technologies and data-driven insights. It is essential to incorporate managed testing services for seamless adoption and efficient optimization of emerging digital technologies and processes. In October 2023, as per data from the Australian Bureau of Statistics, a government entity based in Australia, there was a noticeable rise in total digital business activity, with figures rising from 7.7% in 2021 to 8.6% in 2022 in Australia. Hence, the escalation in digital transformation is a strong driving force for the growth of the managed testing services market.

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What Are the Key Trends Driving Managed Testing Services Market Growth?
Major firms in the managed testing services sector are honing in on advanced solutions such as 5G network software security testing solutions to gain an upper hand. The evaluation of 5G network security involves examining the robustness and endurance of 5G networks, which includes software, hardware and various applications to spot potential weaknesses and risks, thereby strengthening network safety and security. For instance, in May 2022, Nokia, a telecommunication company based in Finland, introduced the Advanced Security Testing and Research (ASTaR) lab in Texas, creating the maiden 5G testing hub in the U.S. that is entirely focused on cybersecurity. ASTaR provides a holistic approach towards cybersecurity, transcending individual network units to scrutinize more extensive network use and abuse cases. This exclusive lab is set to develop avant-garde tools and strategies to gauge the security resilience of 5G networks, encompassing related software, hardware and applications. Those running ASTaR are committed to confronting evolving security threats and cooperating with the cybersecurity society to actively pinpoint and lessen future vulnerabilities, thus buttressing the integrity of the 5G infrastructure.

How Is the Managed Testing Services Market Segmented?
The managed testing services market covered in this report is segmented -

1) By Delivery Model: Onshore, Offshore, Nearshore, Onsite
2) By Enterprise Size: Small And Medium Enterprises, Large Enterprises
2) By Industry Vertical: Healthcare And Life Sciences, Banking, Financial Services, And Insurance (BFSI), Telecommunications And Information Technology (IT), Retail, Government And Public Sector, Media And Entertainment, Manufacturing, Energy And Utilities, Logistics And Transportation, Other Industry Verticals

Subsegments:
1) By Onshore: Local Service Providers, Onshore Full-Time Equivalents (FTEs)
2) By Offshore: Offshore Delivery Centers, Offshore Full-Time Equivalents (FTEs)
3) By Nearshore: Nearshore Delivery Centers, Nearshore Full-Time Equivalents (FTEs)
4) By Onsite: Onsite Testing Teams, Onsite Test Managers And Specialists

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Which Companies Are Leading the Charge in Managed Testing Services Market Innovation?
Major companies operating in the managed testing services market are accenture* plc, International Business Machines Corporation, Tata Consultancy Services Limited, NTT Data Corporation, Capgemini SE, Cognizant Technology Solutions Corporation, Infosys Limited, DXC Technology Company, HCL Technologies Limited, Atos SE, Wipro Limited, CGI Inc., Virtusa Corporation, Tech Mahindra Limited, EPAM Systems Inc., UST Global Inc., Expleo Group, Larsen & Toubro Infotech Limited, Qualitest Group Limited, Hexaware Technologies Limited, Zensar Technologies Limited, TestingXperts Private Limited, Tricentis AG, QASource Inc., ThinkSys Inc., QA Consultants Inc., Testbirds GmbH, Testlio Inc.

Which Regions Are Leading the Global Managed Testing Services Market in Revenue?
North America was the largest region in the managed testing services market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the managed testing services market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.

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