The Global Cloud Testing Market size is expected to reach $29.3 billion by 2031, rising at a market growth of 13.5% CAGR during the forecast period.
Strong functional testing solutions adapted to the particular difficulties of cloud-based deployments are becoming increasingly necessary as enterprises shift their workloads to the cloud and use cloud-native development techniques like microservices architecture and containerization. Consequently, the functional testing tools segment would acquire nearly, 30% of the total market share by 2031. The proliferation of cloud-native applications built specifically for deployment and operation in cloud environments drives demand for functional testing tools to effectively validate these applications' functionality, interoperability, and performance.
The major strategies followed by the market participants are Acquisitions as the key developmental strategy to keep pace with the changing demands of end users. For instance, in July, 2023, Tricentis announced the acquisition of Waldo, a SaaS-based, no-code, zero-footprint mobile test automation platform. This acquisition enhances Tricentis' mobile testing capabilities by adding native, hybrid, and web mobile application testing using virtual devices supporting iOS simulators and Android emulators. Moreover, in March, 2023, Akamai Technologies, Inc. signed an agreement to acquire Ondat, a cloud-based storage technology provider specializing in Kubernetes-native platforms for running stateful applications at scale across various cloud environments. The acquisition aimed at enhancing Akamai's cloud computing portfolio by integrating Ondat's cloud storage technology and leveraging its talented team.
Cloud-based testing platforms address the limitations of traditional on-premises environments by providing on-demand access to scalable computing resources. Furthermore, cloud-based testing platforms eliminate the need for upfront hardware investments by providing access to virtualized infrastructure hosted in the cloud. Therefore, these aspects can help in the growth of the market.
The leading players in the market are competing with diverse innovative offerings to remain competitive in the market. The above illustration shows the percentage of revenue shared by some of the leading companies in the market. The leading players of the market are adopting various strategies in order to cater demand coming from the different industries. The key developmental strategies in the market are Acquisitions.
Competition in the Market is intense, characterized by a dynamic landscape of providers offering cutting-edge testing solutions. This competitive environment fosters innovation in test automation, security, and performance testing, providing organizations with a wide range of options to meet their testing needs effectively.
Strong functional testing solutions adapted to the particular difficulties of cloud-based deployments are becoming increasingly necessary as enterprises shift their workloads to the cloud and use cloud-native development techniques like microservices architecture and containerization. Consequently, the functional testing tools segment would acquire nearly, 30% of the total market share by 2031. The proliferation of cloud-native applications built specifically for deployment and operation in cloud environments drives demand for functional testing tools to effectively validate these applications' functionality, interoperability, and performance.
The major strategies followed by the market participants are Acquisitions as the key developmental strategy to keep pace with the changing demands of end users. For instance, in July, 2023, Tricentis announced the acquisition of Waldo, a SaaS-based, no-code, zero-footprint mobile test automation platform. This acquisition enhances Tricentis' mobile testing capabilities by adding native, hybrid, and web mobile application testing using virtual devices supporting iOS simulators and Android emulators. Moreover, in March, 2023, Akamai Technologies, Inc. signed an agreement to acquire Ondat, a cloud-based storage technology provider specializing in Kubernetes-native platforms for running stateful applications at scale across various cloud environments. The acquisition aimed at enhancing Akamai's cloud computing portfolio by integrating Ondat's cloud storage technology and leveraging its talented team.
Cardinal Matrix - Market Competition Analysis
Based on the Analysis presented in the Cardinal Matrix; Broadcom, Inc., Oracle Corporation and IBM Corporation are the forerunners in the Market. In November, 2023, Broadcom Inc. completed the acquisition of VMware, Inc., an American cloud computing and virtualization technology company. Through this acquisition, the Broadcom Software portfolio was combined with the VMware platform to provide critical infrastructure solutions to customers. Companies such as Capgemini SE, Akamai Technologies, Inc. and Open Text Corporation are some of the key innovators in Market.
Market Growth Factors
Organizations operating in the modern digital landscape face immense pressure to rapidly deliver software updates and new features. Furthermore, adopting agile development methodologies and DevOps practices necessitates testing approaches that can keep pace with rapid iteration cycles. Hence, the market will expand rapidly in the coming years.Cloud-based testing platforms address the limitations of traditional on-premises environments by providing on-demand access to scalable computing resources. Furthermore, cloud-based testing platforms eliminate the need for upfront hardware investments by providing access to virtualized infrastructure hosted in the cloud. Therefore, these aspects can help in the growth of the market.
Market Restraining Factors
Organizations are apprehensive about migrating sensitive data and critical applications to the cloud due to fears surrounding data breaches, unauthorized access, and adherence to regulatory mandates. Furthermore, the shared nature of cloud infrastructure introduces security risks that organizations need to contend with when deploying these testing solutions. Thus, these aspects can lead to reduced demand.
The leading players in the market are competing with diverse innovative offerings to remain competitive in the market. The above illustration shows the percentage of revenue shared by some of the leading companies in the market. The leading players of the market are adopting various strategies in order to cater demand coming from the different industries. The key developmental strategies in the market are Acquisitions.
By Vertical Analysis
On the basis of vertical, the market is divided into retail & e-commerce, telecom & IT, media & entertainment, healthcare & life sciences, transportation, BFSI, and others. In 2023, the telecom & IT segment witnessed a 23% revenue share in the market. Cloud-based infrastructure offers flexibility, resource optimization, and on-demand access to computing resources, enabling telecom and IT companies to deliver innovative services, support dynamic workloads, and meet evolving customer demands.
By Component Analysis
Based on component, the market is segmented into tools/platforms and services. In 2023, the services segment garnered a 26% revenue share in the market. Consulting firms and IT service providers offer expertise in cloud technologies, testing methodologies, and best practices, guiding organizations through the testing initiatives' planning, design, and implementation phases. Consulting services help organizations align these testing strategies with business objectives, identify opportunities for optimization, and address specific challenges related to cloud adoption and integration. Thus, these aspects can boost the demand in the segment.By Regional Analysis
By region, the market is segmented into North America, Europe, Asia Pacific, and LAMEA. The North America segment procured 36% revenue share in the market in 2023. Some of the biggest and most powerful cloud service providers in the world are based in North America. These cloud giants provide a wide range of cloud computing services, such as cloud-based testing solutions, platform as a service (PaaS), software as a service (SaaS), and infrastructure as a service (IaaS). Hence, these factors will assist in the growth of the segment.Market Competition and Attributes
Competition in the Market is intense, characterized by a dynamic landscape of providers offering cutting-edge testing solutions. This competitive environment fosters innovation in test automation, security, and performance testing, providing organizations with a wide range of options to meet their testing needs effectively.
Recent Strategies Deployed in the Market
- Jan-2024: Capgemini SE teamed up with Orange, a Cloud computing company. The two companes aimed to launch Bleu, a fully operational cloud software, aimed at meeting specific cloud needs of high-level organizations in France.
- Nov-2023: Broadcom Inc. completed the acquisition of VMware, Inc., an American cloud computing and virtualization technology company. Through this acquisition, the Broadcom Software portfolio was combined with the VMware platform to provide critical infrastructure solutions to customers.
- Aug-2023: Tricentis introduced Tricentis Device Cloud (TDC) to its mobile testing portfolio, enabling organizations to manage, author, execute, and analyze applications on physical mobile devices from various brands like Apple, Samsung, and Google. TDC, along with Tricentis Testim Mobile and Tricentis Tosca Mobile, allows teams to detect mobile failures and performance issues early, fix defects quickly, and accelerate high-quality releases across CI/CD pipelines. Key features of TDC include global device deployment, real device testing, cross-device testing, user experience testing, performance optimization, and Mobile AI capabilities.
- Jul-2023: Tricentis announced the acquisition of Waldo, a SaaS-based, no-code, zero-footprint mobile test automation platform. This acquisition enhances Tricentis' mobile testing capabilities by adding native, hybrid, and web mobile application testing using virtual devices supporting iOS simulators and Android emulators.
- May-2023: Oracle Corporation partnered with Opkey, a leader in test automation for packaged applications, to enhance testing capabilities for Oracle Cloud customers. The partnership aimed to improve quality strategies for Oracle applications, offering solutions like test automation, change impact analysis, and load & performance testing.
List of Key Companies Profiled
- IBM Corporation
- Oracle Corporation
- Broadcom, Inc. (CA Technologies, Inc.)
- Open Text Corporation
- Cognizant Technology Solutions Corporation
- Capgemini SE
- Cavisson Systems Inc.
- Tricentis
- Akamai Technologies, Inc.
- Cygnet Digital
MarketReport Segmentation
By Component
- Tools / Platforms
- Functional Testing Tools
- Performance/Load Testing Tools
- GUI Testing Tools
- API Testing Tools
- Service Virtualization Tools
- Others
- Services
- Professional
- Managed
By Vertical
- Retail & Ecommerce
- Telecom & IT
- Media & Entertainment
- Healthcare & Lifesciences
- BFSI
- Transportation
- Others
By Geography
- North America
- US
- Canada
- Mexico
- Rest of North America
- Europe
- Germany
- UK
- France
- Russia
- Spain
- Italy
- Rest of Europe
- Asia Pacific
- China
- Japan
- India
- South Korea
- Australia
- Malaysia
- Rest of Asia Pacific
- LAMEA
- Brazil
- Argentina
- UAE
- Saudi Arabia
- South Africa
- Nigeria
- Rest of LAMEA
Table of Contents
Chapter 1. Market Scope & Methodology
Chapter 2. Market at a Glance
Chapter 3. Market Overview
Chapter 4. Competition Analysis - Global
Chapter 5. Global Cloud Testing Market by Component
Chapter 6. Global Cloud Testing Market by Vertical
Chapter 7. Global Cloud Testing Market by Region
Chapter 8. Company Profiles
Companies Mentioned
- IBM Corporation
- Oracle Corporation
- Broadcom, Inc. (CA Technologies, Inc.)
- Open Text Corporation
- Cognizant Technology Solutions Corporation
- Capgemini SE
- Cavisson Systems Inc.
- Tricentis
- Akamai Technologies, Inc.
- Cygnet Digital
Methodology
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