Testing Software Global Market Report 2024

The testing software market size has grown strongly in recent years. It will grow from $52.25 billion in 2023 to $55.98 billion in 2024 at a compound annual growth rate (CAGR) of 7.1%. The expansion observed in the historical period can be attributed to several factors, including robust economic growth in emerging markets, increasing digitalization in developing economies, and a heightened adoption of smart consumer products.

The testing software market size is expected to see strong growth in the next few years. It will grow to $76.98 billion in 2028 at a compound annual growth rate (CAGR) of 8.3%. The forecasted growth is attributed to the increased availability of high-end DevOps solutions, a rise in the utilization of cloud computing, and an increasing demand for test automation services.

The growth of the testing software market is anticipated to be driven by the increasing adoption of smart consumer products. These products, connected to the internet and designed for consumers, play a pivotal role in the exchange of data, necessitating robust software testing. The automation of software testing is particularly crucial for supporting the online activities of smart products. In 2021, the global count of smart homes reached 258.54 million, with 23% of broadband households in the US having three or more smart home appliances, according to Earthweb, a US-based online media company.

The expanding use of cloud computing is expected to fuel the growth of the testing software market. By leveraging cloud computing in testing software, organizations can streamline infrastructure management, enhance testing efficiency, and expedite the delivery of high-quality software products, all while optimizing costs and resources. Exploding Topics, a US-based journal website, reported in November 2022 that the annual revenue from cloud infrastructure services is estimated to be $178 billion, with 90% of large businesses having a multi-cloud infrastructure. Furthermore, the cloud applications market is projected to reach a value of $168.6 billion by 2025. This increasing reliance on cloud computing is poised to significantly contribute to the growth of the testing software market in the forecast period.

Leading companies in the testing software market are strategically focusing on product innovations to bolster their market position. In October 2022, Datadog, Inc., a US-based monitoring and security platform for cloud applications, introduced the Unified End-to-End Testing Platform along with the general availability of Datadog Continuous Testing. This new product facilitates the quick creation, management, and execution of end-to-end tests for web applications, providing developers and quality engineers with enhanced capabilities.

A noteworthy trend in the testing software market is the increasing adoption of scriptless test automation to optimize execution time. Scriptless test automation, characterized by a codeless approach and user-friendly interfaces, allows a broader spectrum of team members, including business analysts and domain experts, to participate in test automation efforts. This accelerates the test creation process and enhances efficiency. In June 2023, TestGridan, a prominent US-based provider of end-to-end automation solutions, launched the industry's first AI-powered test automation platform. TestGrid's AI technology enables users to create test cases in English, BDD, or CSV formats, facilitating extensive scriptless automation for web and app testing. This innovation is expected to revolutionize the testing software industry by reducing the time required for creating, executing, and maintaining automated tests and enhancing the accuracy of test results.

In February 2021, Qualitest, an Israel-based quality assurance company, successfully acquired QA Infotech for an undisclosed amount. This strategic acquisition is intended to enhance Qualitest's existing automation testing capabilities, significantly increasing its capacity to offer client support through offshore delivery. QA Infotech, the acquired company, is based in India and operates in the testing software market.

Major companies operating in the testing software market report are IBM Corporation, Capgemini SE, Infosys Limited, Cognizant Technology Solutions, Wipro Limited,Hexaware Technologies Limited, Accenture PLC, DXC Technology Company, HCL Technologies Limited, Qualitest Group, TestScenario, Tata Consultancy Services (TCS), Perfect QA, Smartbear, Konstant Infosolutions, QPSoftware, EGO Creative Innovations, 51Testing, Zunping Network Security Technology Co. Ltd., Pactera, Testin Ltd., CentLing Technologies, Southern Code, Innowise Group, QA Wolf, RSK Cyber Security, 10Pearls, QualityLogic, HikeQA, Binmile, Andersen Inc., 9Aqa IT Solutions, QA Mentor, SimbirSoft, Kavichki, Hawking Bros, Aspired, DUNICE, Maxilect, SOFTENQ, Mindful QA, QASource, ScienceSoft, Altoros, Global App Testing, Aspire Systems, Sauce Labs, BugRaptors, Prepona, QA Consultants, Testrig Technologies, Tech Mahindra, Testim.io, TestingXperts Inc., Packetlabs, QualityProTech, iLAB, SoftMine, CyberSec (Pty) Ltd., QoT Solutions, Haefele Software.

North America was the largest region in the testing software market in 2023. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the testing software market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. The countries covered in the testing software market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Italy, Spain, Canada.

The primary segments within the testing software market are system integrator and pure play software testing. System integrators are employed to confirm how the modules of a software system interact and work together seamlessly. This type of software testing is utilized in a combined hardware and software environment to examine the functioning of the entire system. The components of testing software include application testing and services, serving various industries such as BFSI, IT and telecom, life sciences and healthcare, manufacturing, energy and utilities, retail, consumer goods, logistics, and others.

The testing software report is one of a series of new reports that provides testing software statistics, including testing software industry global market size, regional shares, competitors with a testing software share, detailed testing software segments, market trends and opportunities, and any further data you may need to thrive in the testing software industry. This testing software market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.

The testing software market includes revenues earned by entities by provide testing services such as functional testing and non-functional testing. The market value includes the value of related goods sold by the service provider or included within the service offering. Only goods and services traded between entities or sold to end consumers are included.

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD unless otherwise specified).

The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.


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