Press release
Software Testing Services Global Market- Latest Innovations, Drivers, Dynamics And Strategic Analysis, Challenges By 2020
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Industry-specific testing services offerings is another significant trend that is envisaged to propel the growth of the software testing services market during the forecast period. Recent developments have driven companies to align testing services into vertical specializations, which has gained popularity over the years. For instance, Infosys, one of the key players in the global software development market, offers testing services through various specialized practices, such as healthcare, insurance, and retail validation and testing practice.
Product segmentation and analysis of the software testing services market
• Application testing services
• Product testing services
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At present, the application testing services segment dominates the software testing services market, with a market share of over 88%. The growth of this segment is projected to continue over the next five years due to an increase in application verticalization specific to a concentrated user base. The growing consumerization of IT has encouraged companies to develop versatile applications to strengthen their presence and engage customers.
Segmentation by end-users and analysis of the software testing services market
• BFSI
• Financial services
• Media
• Telecommunications
• Others
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In 2015, the financial services sector led the market with more than 34% of the total market share. Almost all the financial application development and maintenance requires a high degree of testing services throughout the software development lifecycle. Intense competition among global leaders and the shift to specialized services are pushing financial institutions to seek for enterprise-grade testing services.
Competitive landscape and key vendors
The presence of a large number of providers has driven the software testing services market to grow tremendously over the years. Companies are forging partnerships with niche players to improve their software tool packages and enhance ongoing innovations. The market in North America is dominated by IBM, Accenture, and Cognizant, whereas Capgemini, TCS, Wipro, and Infosys hold strong positions in EMEA and APAC.
The top vendors in the market are -
• Accenture
• Capgemini
• IBM
• Wipro
Other prominent vendors in the market include
Atos, Cigniti, Cognizant, CSC, Deloitte, Gallop Solutions, Hexaware, HP, Infosys, NTT Data, QualiTest Group, SQS, Steria, TCS, Tech Mahindra, and UST Global.
Key questions answered in the report include
• What will the market size and the growth rate be in 2020?
• What are the key factors driving the global software testing services market?
• What are the key market trends impacting the growth of the global software testing services market?
• What are the challenges to market growth?
• Who are the key vendors in this market space?
• What are the market opportunities and threats faced by the vendors in the global software testing services market?
• Trending factors influencing the market shares of the Americas, APAC, and EMEA.
• What are the key outcomes of the five forces analysis of the global software testing services market?
Companies Mentioned:
Accenture, Capgemini, IBM, Wipro, Atos, Cigniti, Cognizant, CSC, Deloitte, Gallop Solutions, Hexaware, HP, Infosys, NTT Data, QualiTest Group, SQS, Steria, TCS, Tech Mahindra, , UST Global.
Table of Content:
PART 01:Executive summary
PART 02:Scope of the report
PART 03:Market research methodology
PART 04:Introduction
PART 05:Market landscape
PART 06:Market segmentation by application
PART 07:Market segmentation by end-user
PART 08:Geographical segmentation
PART 09:Market drivers
PART 10:Impact of drivers
PART 11:Market challenges
PART 12:Impact of drivers and challenges
PART 13:Market trends
PART 14:Vendor landscape
PART 15:Key vendor analysis
PART 16:Appendix
List of Exhibits
Exhibit 01:Product offerings6
Exhibit 02:Waterfall model of software testing life cycle
Exhibit 03:Global software testing market 2015-2020 ($ billions)
Exhibit 04:Five forces analysis
Exhibit 05:Segmentation of global software testing services market 2015
Exhibit 06:Segmentation of global software testing services market 2015-2020
Exhibit 07:Global application testing services market 2015-2020 ($ billions)
Exhibit 08:Global product testing services market 2015-2020 ($ billions)
Exhibit 09:Segmentation of global software testing services market by end-user 2015
Exhibit 10:Geographical segmentation of software testing services market 2015
Exhibit 11:Geographical segmentation of global software testing services 2015-2020 ($ billions)
Exhibit 12:Software testing services market in Americas 2015-2020 ($ billions)
Exhibit 13:Software testing market in EMEA 2015-2020 ($ billions)
Exhibit 14:Software testing services market in APAC 2015-2020 ($ billions)
Exhibit 15:Crowdsource testing life cycle
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