Press release
Bug Tracking Software Market - Global Industry Insights, Trends, Outlook, and Opportunity Analysis, 2016–2024
One of the key factors driving the global bug tracking system market is increased spending in the development of novel software testing programs. A bug tracking system is an integral part of any software testing program. Advanced testing technologies such as automated testing system are expected to bolster the growth of bug tracking software market worldwide. Implementation of bug tracking system in the initial stage itself will reduce the time and cost required to address the issues. This in turn has resulted in the swift growth of global bug tracking software market.
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The cloud-based deployment model held the largest share of the global bug tracking software market in 2016. The bug tracking software venders and users are increasingly opting cloud platform, which will further boost the market over the upcoming years. For example, Atlassian, an Australia-based enterprise software company provides cloud bug tracking software i.e. JIRA Software. Similarly, JetBrains Prague, a Czech Republic-based software company also provides cloud bug tracking software, YouTrack. Moreover, Google Drive and Microsoft Azure are empowering the adoption of cloud-based solutions from the on-premises software model. In addition to this, factors such as cost-adequacy and simple up gradation of cloud-based infrastructure over their counterparts are further advancing the utilization of cloud-based solution, which helps in increasing the adoption of bug tracking software.
Bug Tracking Software Market Outlook – North America accounts for largest market share
On the basis of geography, global bug tracking software market is classified into North America, Europe, Asia Pacific, Latin America, Middle East, and Africa. North America bug tracking software market held the largest market share in 2016 and is projected to continue its dominance over the forecasted period. The U.S. and Canada are some of the countries, which drive the bug tracking software market in North America. The significant presence of software testing companies and increasing investment in development of software testing tools are expected to fuel the bug tracking software market in the region.
Atlassian, Inc., International Business Machines Corporation, JetBrains s.r.o., Zoho Corporation, Axosoft, LLC, Bugsnag, Inc., Countersoft, DoneDone, LLC, Fog Creek Software, INC., Inflectra Corporation, Macropod Software Pty Ltd., OverOps Inc., Raygun, Rollbar, Sentry, Sifter, and Variad Corporation are some of the key players identified across the value chain of bug tracking software market.
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