Software Testing Services in the US - Industry Market Research Report

Test subject: Foreign software testing competition will hamper domestic revenue growth

The industry provides software testing services for clients, including performance testing, stability testing, usability testing and security testing. Since testing is integral to the development process, demand for software testing services ultimately derives from total demand for software, including traditional software packages, cloud-based solutions and mobile applications. The pandemic presented an opportunity for the industry in 2020. Businesses following social distancing policies increasingly depended on e-commerce sales to maintain revenue. Consumers were discouraged from leaving their residences frequently to mitigate the risk of exposure to the virus, resulting in consumers shopping online and bolstering demand for services. While these trends continued following the pandemic, they slowed down as many businesses re-opened. Over the past five years, revenue has climbed at a CAGR of 5.1% to $2.5 billion, including an expected 8.3% increase in 2023. Profit is also expected to climb to 7.2% of revenue in 2023 from 6.8% in 2018. This industry provides software testing services for clients, such as performance testing, stability testing, usability testing and security testing. This industry does not sell its own software, but it may use internally developed software to complete its testing tasks. This report covers the scope, size, disposition and growth of the industry including the key sensitivities and success factors. Also included are five year industry forecasts, growth rates and an analysis of the industry key players and their market shares.