Press release
Global Testing Software Market Growth Accelerates: Strategic Forecast Predicts $84.96 Billion by 2029
Testing Software
What Will the Testing Software Industry Market Size Be by 2025?
There has been significant growth in the testing software market size in the past few years. The market, which was valued at $54.69 billion in 2024, is expected to grow further to reach $57.7 billion in 2025 indicating a compound annual growth rate (CAGR) of 5.5%. This growth can be traced back to robust economic developments in emerging markets, increasing digitalization in growing economies, and the rising acceptance of intelligent consumer products.
What's the Long-Term Growth Forecast for the Testing Software Market Size Through 2029?
In the coming few years, the testing software market is set to witness a significant surge, with its value projected to reach $84.96 billion in 2029, growing at a compound annual growth rate (CAGR) of 10.2%. The primary drivers of this expansion during the forecast period are the surge in availability of advanced devops solutions, increasing use of cloud computing, and the growth in test automation services. The key trends during this period are also anticipated to be the same - the escalating availability of high-end devops solutions, the rise in cloud computing usage, and an increase in test automation services.
View the full report here:
https://www.thebusinessresearchcompany.com/report/testing-software-global-market-report
What Are the Key Growth Drivers Fueling the Testing Software Market Expansion?
The projected expansion of the testing software market is linked to the rising uptake of smart consumer products. These products are internet connected devices designed for consumer use, able to exchange information about themselves, their environment and their users. The automation of software testing forms a critical base for the online activities of these smart products, necessitating heightened focus from those in software testing roles. For example, RubyHome, a US real estate firm, recorded that 63.43 million American homes utilized smart home devices in August 2023, and around 70% of homebuyers are open to purchasing a smart home. As a result, the growing adoption of smart consumer products fuels the advancement of the testing software market.
Get your free sample here:
https://www.thebusinessresearchcompany.com/sample.aspx?id=7897&type=smp
What Are the Key Trends Driving Testing Software Market Growth?
Leading businesses in the software testing industry are concentrating on product innovation and the creation of new product solutions to solidify their market presence. For instance, in October 2022, Datadog, Inc., an American company offering monitoring and security solutions for cloud applications, introduced the Unified End-to-End Testing Platform. They also announced the general availability of a new offering, Datadog Continuous Testing, which aids developers and quality engineers in rapidly building, managing, and executing end-to-end tests for their web-based applications.
How Is the Testing Software Market Segmented?
The testing softwaremarket 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
Tailor your insights and customize the full report here:
https://www.thebusinessresearchcompany.com/customise?id=7897&type=smp
Which Companies Are Leading the Charge in Testing Software Market Innovation?
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
Which Regions Are Leading the Global Testing Software Market in Revenue?
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.
Purchase the full report today:
https://www.thebusinessresearchcompany.com/purchaseoptions.aspx?id=7897
This Report Supports:
1.Business Leaders & Investors - To identify growth opportunities, assess risks, and guide strategic decisions.
2.Manufacturers & Suppliers - To understand market trends, customer demand, and competitive positioning.
3.Policy Makers & Regulators - To track industry developments and align regulatory frameworks.
4.Consultants & Analysts - To support market entry, expansion strategies, and client advisory work.
Connect with us on:
LinkedIn: https://in.linkedin.com/company/the-business-research-company,
Twitter: https://twitter.com/tbrc_info,
YouTube: https://www.youtube.com/channel/UC24_fI0rV8cR5DxlCpgmyFQ.
Contact Us
Saumya Sahey
Europe: +44 7882 955267,
Asia: +44 7882 955267 & +91 8897263534,
Americas: +1 310-496-7795
Email: saumyas@tbrc.info
Learn More About The Business Research Company
With over 15,000+ reports from 27 industries covering 60+ geographies, The Business Research Company has built a reputation for offering comprehensive, data-rich research and insights. Our flagship product, the Global Market Model delivers comprehensive and updated forecasts to support informed decision-making.
This release was published on openPR.
Permanent link to this press release:
Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.
You can edit or delete your press release Global Testing Software Market Growth Accelerates: Strategic Forecast Predicts $84.96 Billion by 2029 here
News-ID: 4232326 • Views: …
More Releases from The Business Research Company
Top Players and Competitive Environment in the Carbon Dioxide Recycling Methanol …
The carbon dioxide recycling methanol market is poised for remarkable expansion as the world intensifies efforts toward sustainability and carbon neutrality. With increasing emphasis on reducing greenhouse gas emissions and boosting renewable energy sources, this market is set to play a pivotal role in the global transition to cleaner fuels and circular carbon economies. Here's a detailed look at its projected growth, influential players, emerging trends, and segmentation.
Forecasted Market Growth…
Emerging Sub-Segments Transforming the Caprolactam Market Landscape
The caprolactam market is set for significant expansion in the coming years, driven by evolving industrial needs and sustainability initiatives. This report delves into the anticipated growth, key players, emerging trends, and detailed market segmentation to offer a comprehensive view of the sector's future trajectory.
Caprolactam Market Size Forecast Through 2030
The caprolactam market is projected to reach a value of $24.38 billion by 2030, growing at a compound annual…
Emerging Growth Patterns Driving Expansion in the Butyl Acrylate Market
The butyl acrylate market is gaining considerable attention as industries increasingly seek versatile chemical compounds to enhance their products. With its broad utility across coatings, adhesives, and textiles, the market is set for significant growth in the coming years. Let's explore the current market size, the main players, key trends, and segment insights shaping this industry.
Projected Market Size and Growth in Butyl Acrylate
The butyl acrylate market is poised…
In-Depth Examination of Segments, Industry Trends, and Key Competitors in the Bo …
Boron nitride coatings are gaining increased attention due to their versatile applications and enhanced protective qualities. As industries like automotive, aerospace, and electronics evolve, the demand for advanced coating solutions that can withstand extreme conditions is rising. This overview explores the current market size, key players, important trends, and dominant segments shaping the boron nitride coatings market.
Strong Market Growth Expected for Boron Nitride Coatings by 2030
The boron nitride…
More Releases for Test
Key Differences Between Megger Test, Tan Delta Test, and Hi-Pot Test for Electri …
Electrical insulation plays a critical role in ensuring the safety and efficiency of electrical systems. To assess the condition of insulation and identify potential issues, three common tests are used: the Megger test, Tan Delta test, and Hi-Pot test. Each test serves a unique purpose and provides valuable insights into the state of electrical insulation. Here's a closer look at the differences between these three essential tests.
Megger Test: Insulation Resistance…
Vitamin Test Market: Global Vitamin Test Analysis and Forecast (2023-2029)Vitami …
12.04.2024: Vitamin Test Market Overview
The development of companion diagnostic tools and advances in personalised treatment are driving considerable growth and revolution in the oncology Vitamin Test market. In the era of precision medicine, where healthcare is increasingly customised for individual individuals based on their own genetic and molecular profiles, this market segment is essential. Ongoing innovation and development define the oncology Vitamin Test market. To find particular biomarkers, genetic mutations,…
CAGR 8.1% Homecare Pregnancy Test Kits Market By Type of Test (Urine Test For H …
The Homecare Pregnancy Test Kits market report by Reports and Data provides an extensive overview of the vital elements of the Homecare Pregnancy Test Kits market and factors such as the drivers, restraints, latest trends, supervisory scenario, competitive landscape, technological advancements, and others. Further, it mentions the market shares associated with the market in terms of both value and volume along with the segmentation. Space-age industrial and digitalization tools are…
Home Safety Test Kits Market, Home Safety Test Kits Market Trends, Home Safety T …
“Home Safety Test Kits Market” 2020-2025 Research Report is a professional and in-depth study on the current state of the market. Global Home Safety Test Kits market containing a complete view of the market size, business share, profit estimates, SWOT analysis and the regional landscape of the Industry. The report explains key challenges and future development prospects of the market. The Global Home Safety Test Kits analysis is provided for…
Test Data Management (TDM) Market - test data profiling, test data planning, tes …
The report categorizes the global Test Data Management (TDM) market by top players/brands, region, type, end user, market status, competition landscape, market share, growth rate, future trends, market drivers, opportunities and challenges, sales channels and distributors.
This report studies the global market size of Test Data Management (TDM) in key regions like North America, Europe, Asia Pacific, Central & South America and Middle East & Africa, focuses on the consumption…
Hearing Screening and Diagnostic Devices Market Demands with Major Tests: pure T …
New Market Research Reports Title "Hearing Screening And Diagnostic Devices Market 2018" Has Been Added to Crystal Market Research Report database.
Hearing Screening and Diagnostic Devices - Competitive Insights:
The leading players in the market are Gn Otometrics A/S, Otodynamics, Nashua Hearing Group, Siemens Healthineers, Natus Medical Incorporated, Interacoustics A/S, Neurosoft S.A, Accent Hearing Pty Ltd, MAICO Diagnostics GmbH and IntriCon Corporation. The major players in the market are profiled in detail…
