Software Testing Services in Australia - Industry Market Research Report

Safety test: High-profile data breaches are creating greater demand for security testing

Since testing is necessary for developing software, most IT projects involve allocating resources to hiring software testers, who provide clients with these services. Internet connectivity and accessibility are continuously improving, which is encouraging more companies to upgrade their IT systems or move their operations online. Cloud computing is also supporting this move, as it enables employees to work from home by accessing information stored on remote servers. New technologies in this space are bolstering demand for software testing services, as businesses need to ensure that sensitive data, like financial information, is kept secure. Innovation and advancement in the field are encouraging industry growth, and revenue has expanded at an annualised 4.3% to $450.9 million through the end of 2022-23. Revenue is also growing by 4.6% in 2022-23 alone, as high-profile data breaches are encouraging businesses to engage software testers for extensive security testing. Industry operators provide software testing services for clients, like performance testing, stability testing, usability testing and security testing. The 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.