Press release
Boosted by Proliferation of Cloud-based Applications, Deployment of Test Automation to Surge Globally
The continuous growth in robotic process automation (RPA) and its increasing adoption across IT companies are likely to boost demand for test automation. In the last couple of years, the IT budget allocated to quality assurance and software testing has increased considerably. This subsequently creates scope for the penetration of test automation technologies.
Obtain Report Details @
http://www.transparencymarketresearch.com/test-automation-market.html
Growth in Mobile Applications Fuels Opportunities for Test Automation Market
As per TMR, the adoption of test automation will also be boosted by the growth in mobile applications. “The increasing proliferation of mobile applications across multimedia travel, communications, utilities, and productivity is presently identified as a key factor fueling test automation market,” said a lead TMR analyst.
“Besides these, the increasing deployment of cloud applications is also bolstering scope for the test automation market,” he added. As an increasing number of businesses look to migrate their critical business systems to cloud platforms, demand for test automation will increase. This will subsequently enable IT professionals apply testing methods at various phases of the development process effectively. This factor is therefore expected to positively influence the proliferation of test automation.
High Initial Investment Required to Set up Test Labs to Restrict Market’s Trajectory
Despite witnessing rapid growth worldwide, the market’s growth is limited by the increasing demand for specialized testers used in test automation. Besides this, the high investment and time-frames required to properly set up test labs are among the major factors inhibiting the adoption of test automation. Nevertheless, with the rapid proliferation of cloud-based technologies, test automation is likely to gain much prominence across IT companies. The increasing application of mobile testing automation will also fuel opportunities for test automation across diverse end-use segments.
North America Exhibits Increasing Deployment Opportunities for Test Automation
Regionally, North America exhibits the most lucrative prospects for the deployment of test automation. The increasing demand for quality assurance with organizations, also fuels demand for test automation in the region. The North America market is also gaining from the increasing investment in existing tools and outsourced resources.
While Europe emerged as the second-largest market for test automation in 2015, Asia Pacific is exhibiting the highest CAGR due to the presence of sophisticated IT infrastructure across emerging economies.
Fill the form for an exclusive sample of this report @
http://www.transparencymarketresearch.com/sample/sample.php?flag=S&rep_id=10193
By type, the functional testing segment has emerged dominant in the global test automation market. This segment accounted for a share of 23.2% in the market in 2015. The functional testing segment is also expected to gain from the agile software development practices. However, the security testing segment in the test automation market will report the highest CAGR between 2016 and 2024.
As per Transparency Market Research, the global test automation market is poised to surge at a 23.6% CAGR between 2016 and 2024. TMR has pegged the market to reach US$85.84 bn by the end of 2024, from a valuation of US$12.91 bn in 2015.
About Us :
Transparency Market Research (TMR) is a global market intelligence company providing business information reports and services. The company’s exclusive blend of quantitative forecasting and trend analysis provides forward-looking insight for thousands of decision makers. TMR’s experienced team of analysts, researchers, and consultants use proprietary data sources and various tools and techniques to gather and analyze information.
TMR’s data repository is continuously updated and revised by a team of research experts so that it always reflects the latest trends and information. With extensive research and analysis capabilities, Transparency Market Research employs rigorous primary and secondary research techniques to develop distinctive data sets and research material for business reports.
Contact Us :
Transparency Market Research
State Tower,
90 State Street,
Suite 700,
Albany NY - 12207
United States
Tel: +1-518-618-1030
Email: sales@transparencymarketresearch.com
Website: http://www.transparencymarketresearch.com
This release was published on openPR.
Permanent link to this press release:
Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.
You can edit or delete your press release Boosted by Proliferation of Cloud-based Applications, Deployment of Test Automation to Surge Globally here
News-ID: 540520 • Views: …
More Releases from TMR
Emerging Opportunities in Logistics Market with Current Trends Analysis
The global Logistics market is estimated to attain a valuation of US$ 15,273.21 Bn by the end of 2027, states a study by Transparency Market Research (TMR). Besides, the report notes that the market is prognosticated to expand at a CAGR of 4.5% during the forecast period, 2019-2027.
The key objective of the TMR report is to offer a complete assessment of the global market including major leading stakeholders of the…
Energy Measurement IC Market is expected to reach US$ 8.39 Bn by the end of 2031
According to a Transparency Market Research (TMR) research report, the global energy measurement ic market is likely to expand at a CAGR of 7.4% during the forecast period, 2022 to 2031. This suggests that the market is expected to reach US$ 8.39 Bn by the end of 2031.
The study on the energy measurement ic market adopts rigorous and systematic research approaches to understand the growth dynamic of the market. The…
STATCOM UPS Market to Register Double Digit Growth Rate of 16% CAGR by 2024
Over the last decade, rising number of industries and utilities are opting for static synchronous compensator or STATCOM UPS instead of static VAR compensator or SVC UPS. Low harmonic emission coupled with high speed of response is accentuating the expansion of India STATCOM UPS market now and in times to come. Playing a crucial role in voltage control and compensation of reactive power, STATCOM UPS is likely to keep its…
Thin Wafer Processing and Dicing Equipment Market US$692.5 mn by 2024 - TMR
Transparency Market Research (TMR) estimates that the global thin wafer processing and dicing equipment market has a highly consolidative landscape. Disco Corp. accounted for largest share of 56.4% in 2015 and likely to be dominant in the coming years. This is creating monopoly in the thin wafer processing and dicing equipment market in terms of competitive presence. The other key players such as EV Group, Plasma-Therm LLC, Lam Research Corp,…
More Releases for Transparency
Transparency Market Research
A belt drive is a type of power transmission device which is a looped belt wound around a pair of pulley so as to transmit power between two or more rotating shafts. Compared to other power transmitting devices, belt drives are more preferred in mechanical industry due to easy installation, numerous speed ratio selections, less power loss and comparative low price. Belt drive protects the rotating machinery from overload fluctuations…
Transparency Market Research
An ultrasonic motor is an electric motor which is driven by the ultrasonic vibration of a component. The stator of the motor is supported by piezoelectric components in ultrasonic frequency range which produces different types of vibrations depending on its arrangement. In other words, ultrasonic motor is a type of electric motor that transforms ultrasonic physical vibrations to linear motion, produced by a piezo-transducer. Ultrasonic motors therefore do not use…
Transparency Market Research
The global Li-Fi market is expected to exhibit growth at a robust pace between 2016 and 2023. Massive bandwidth owing to the growing RF spectrum crunch, together with a high degree of security and energy efficiency are expected to bolster the global Li-Fi market.
While the features offered by Li-Fi and visible light communications (VLC) are quite similar, unlike the latter, Li-Fi does not require line-of-sight between receiver and transmitter. The…
Transparency Market Research
A new research report published by Transparency Market Research states that the global dental bone graft substitutes and other biomaterials market is expected to grow due to the continuous rise in periodontal (gum) diseases along with growing incidence of dental fractures. The report, titled “Dental Bone Graft Substitutes and other Biomaterials Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2014 - 2020”, is available for sale on…
eProcurement: Instant Transparency
ifm Achieves Better Prices in Indirect Procurement with JAGGAER solution
Vienna | Research Triangle, NC, USA | Essen, August 09, 2017 – ifm, the specialist for sensors in automation technology, has said goodbye to manual processing in indirect procurement once and for all. With the eProcurement digital procurement tool from JAGGAER, provider of the world’s most comprehensive Source to Pay (S2P) indirect and direct solution suite, more than 6000 employees…
More transparency in Engineering IT
CPO certification helps evaluate openness of IT systems
Digitalization is making openness in the linking of IT solutions increasingly important. The Code of PLM Openness (CPO), developed by the ProSTEP iViP Association, supplies a concrete approach for achieving precisely that. Fraunhofer IAO has now developed an effective certification for companies, which helps them comply with the CPO criteria.
Industrie 4.0 requires intensified collaboration between various tools and systems. Only when…
