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Continuous Testing Global Market Report 2024

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    Report

  • 175 Pages
  • May 2024
  • Region: Global
  • The Business Research Company
  • ID: 5971070
The continuous testing market size has grown rapidly in recent years. It will grow from $2.59 billion in 2023 to $3.05 billion in 2024 at a compound annual growth rate (CAGR) of 17.7%. The growth observed during the historic period can be attributed to several factors. These include the growing imperative to reduce the costs associated with defects and enhance testing processes, the heightened demand for timely delivery of software and digital transformation initiatives, the acceleration of release cycles, and the increased adoption of automation within testing practices.

The continuous testing market size is expected to see rapid growth in the next few years. It will grow to $5.9 billion in 2028 at a compound annual growth rate (CAGR) of 17.9%. The anticipated growth in the forecast period can be attributed to several key drivers. These include the widespread adoption of agile and DevOps methodologies, the growing imperative for continuous and timely delivery of software, the increasing demand for Internet of Things (IoT)-enabled devices, the escalating complexity of software applications, and the optimization of quality assurance (QA) processes. Major trends expected in the forecast period encompass the adoption of a shift-left approach to testing, increased utilization of test automation, the implementation of shift-right testing strategies, a heightened focus on security testing, and a shift towards cloud-based testing solutions.

The escalating demand for IoT devices is anticipated to be a driving force behind the growth of the continuous testing market in the coming years. IoT devices, comprising specialized computing hardware such as sensors, actuators, and appliances that wirelessly connect to networks, facilitate data transmission and interaction over the Internet. The surge in IoT device adoption is underpinned by various factors including the widespread availability of high-speed internet and wireless networks, the decreasing costs of hardware components, and the increasing consumer appetite for smart devices. These IoT devices offer the capability to simulate diverse environmental conditions such as temperature, humidity, pressure, and motion, enabling testers to validate application performance under various scenarios. Test automation tools can engage with IoT devices to conduct functional, performance, and compatibility testing across a broad spectrum of devices and configurations. For example, data from the Health Sector Cybersecurity Coordination Center (HC3), a US-based entity within the Department of Health and Human Services (HHS) Cybersecurity Program, indicates that approximately 7 billion IoT devices were interconnected in 2022, with projections suggesting a significant expansion, estimating an additional 20 billion devices leveraging IoT technology by 2025. Consequently, the burgeoning demand for IoT devices is fueling the expansion of the continuous testing market.

Key players within the continuous testing market are directing their efforts towards introducing cutting-edge continuous testing services to enhance their competitive position. One such service is virtual mobile grid services, which offer cloud-based capabilities for testing mobile applications at scale by facilitating test authoring, execution, and analysis across thousands of real and virtual devices. For instance, Tricentis GmbH, an Austria-based software testing company, unveiled its Virtual Mobile Grid service in October 2023 as an addition to its mobile application testing grid portfolio. This service simplifies mobile application testing at scale, addressing various challenges encountered by development teams in ensuring the quality and performance of mobile apps across diverse devices and platforms. Additionally, it automates test creation and execution, streamlining the testing process and ensuring efficient testing prior to deployment in production environments.

In April 2022, SmartBear Software Inc., a US-based IT company, completed the acquisition of PactFlow, an Austria-based provider of continuous testing solutions through its managed version of the Open Source Pact Broker. This strategic acquisition underscores SmartBear's commitment to offering a comprehensive platform supporting the complete API lifecycle, focusing on reusability, accelerated time to market via the CI or CD pipeline, and enhanced developer workflows. PactFlow's expertise in continuous testing solutions enhances SmartBear's capabilities, positioning it to provide robust support for organizations seeking to optimize their testing processes and achieve seamless integration within their development workflows.

Major companies operating in the continuous testing market are International Business Machine Corporation, Broadcom Inc., Capgemini SE, Cognizant Technology Solutions India Private Limited., HCL Technologies Limited, Atos SE, Tech Mahindra Limited, EPAM Systems Inc., Micro Focus International plc, Larsen and Toubro Infotech Limited, QualiTest Group, Mindtree Consulting Limited, Hexaware Technologies Limited, Vector Software Inc., Sauce Labs Inc., Spirent Communications plc, Parasoft Corporation, Tricentis India Pvt. Ltd., Applause Quality Inc., Cigniti Technologies Limited (Cigniti), NIIT Technologies Limited, QA Mentor, SmartBear Software LLC, Worksoft Inc., Appvance Inc., Kobiton Inc., LogiGear Corporation, Softcrylic LLC, PractiTest Ltd., Testplant Limited.

North America was the largest region in the continuous testing market in 2023. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the continuous testing market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.

The countries covered in the continuous testing market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.

Continuous testing involves integrating automated tests throughout the software development life cycle to provide ongoing feedback, ensuring quality and efficiency in the development process. This practice encompasses running automated tests whenever new code is integrated, spanning from early stages such as integration testing to later stages such as system testing, regression testing, and user acceptance testing.

The primary components of continuous testing include software and services. It plays a pivotal role in enhancing software quality, expediting development cycles, reducing costs, and fostering team collaboration. Continuous testing is applicable across various platforms, including web, desktop, and mobile. It can be deployed both in the cloud and on-premises, catering to organizations of diverse sizes, including small and medium-sized enterprises (SMEs) and large enterprises. It is utilized by a wide array of end-users spanning industries such as banking, financial services, and insurance (BFSI), retail and consumer goods, transportation and logistics, healthcare, manufacturing, telecommunications and information technology, energy and utilities, government, media, and entertainment.

The continuous testing market research report is one of a series of new reports that provides continuous testing market statistics, including continuous testing industry global market size, regional shares, competitors with a continuous testing market share, detailed continuous testing market segments, market trends and opportunities, and any further data you may need to thrive in the continuous testing industry. This continuous testing 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 continuous testing market includes revenues earned by entities by providing services such as test automation, performance testing, and security 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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Table of Contents

1. Executive Summary2. Continuous Testing Market Characteristics3. Continuous Testing Market Trends and Strategies
4. Continuous Testing Market - Macro Economic Scenario
4.1. Impact of High Inflation on the Market
4.2. Ukraine-Russia War Impact on the Market
4.3. COVID-19 Impact on the Market
5. Global Continuous Testing Market Size and Growth
5.1. Global Continuous Testing Market Drivers and Restraints
5.1.1. Drivers of the Market
5.1.2. Restraints of the Market
5.2. Global Continuous Testing Historic Market Size and Growth, 2018-2023, Value ($ Billion)
5.3. Global Continuous Testing Forecast Market Size and Growth, 2023-2028, 2033F, Value ($ Billion)
6. Continuous Testing Market Segmentation
6.1. Global Continuous Testing Market, Segmentation by Component Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Software
  • Services
6.2. Global Continuous Testing Market, Segmentation by Platform Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Web
  • Desktop
  • Mobile
6.3. Global Continuous Testing Market, Segmentation by Deployment Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Cloud
  • On-Premises
6.4. Global Continuous Testing Market, Segmentation by Organization Size, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Small and Medium-Sized Enterprises (Smes)
  • Large Enterprises
6.5. Global Continuous Testing Market, Segmentation by End-Use, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Banking, Financial Services, and Insurance (Bfsi))
  • Retail and Consumer Goods
  • Transportation and Logistics
  • Healthcare
  • Manufacturing
  • Telecom and Information Technology
  • Energy and Utilities
  • Government
  • Media and Entertainment
  • Other End-Users
7. Continuous Testing Market Regional and Country Analysis
7.1. Global Continuous Testing Market, Split by Region, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
7.2. Global Continuous Testing Market, Split by Country, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
8. Asia-Pacific Continuous Testing Market
8.1. Asia-Pacific Continuous Testing Market Overview
(Region Information, Impact of COVID-19, Market Information, Background Information, Government Initiatives, Regulations, Regulatory Bodies, Major Associations, Taxes Levied, Corporate Tax Structure, Investments, Major Companies)
8.2. Asia-Pacific Continuous Testing Market, Segmentation by Component Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
8.3. Asia-Pacific Continuous Testing Market, Segmentation by Deployment Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
8.4. Asia-Pacific Continuous Testing Market, Segmentation by End-Use, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
9. China Continuous Testing Market
9.1. China Continuous Testing Market Overview
9.2. China Continuous Testing Market, Segmentation by Component Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F,$ Billion
9.3. China Continuous Testing Market, Segmentation by Deployment Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F,$ Billion
9.4. China Continuous Testing Market, Segmentation by End-Use, Historic and Forecast, 2018-2023, 2023-2028F, 2033F,$ Billion
10. India Continuous Testing Market
10.1. India Continuous Testing Market, Segmentation by Component Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
10.2. India Continuous Testing Market, Segmentation by Deployment Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
10.3. India Continuous Testing Market, Segmentation by End-Use, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
11. Japan Continuous Testing Market
11.1. Japan Continuous Testing Market Overview
11.2. Japan Continuous Testing Market, Segmentation by Component Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
11.3. Japan Continuous Testing Market, Segmentation by Deployment Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
11.4. Japan Continuous Testing Market, Segmentation by End-Use, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
12. Australia Continuous Testing Market
12.1. Australia Continuous Testing Market, Segmentation by Component Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
12.2. Australia Continuous Testing Market, Segmentation by Deployment Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
12.3. Australia Continuous Testing Market, Segmentation by End-Use, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
13. Indonesia Continuous Testing Market
13.1. Indonesia Continuous Testing Market, Segmentation by Component Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
13.2. Indonesia Continuous Testing Market, Segmentation by Deployment Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
13.3. Indonesia Continuous Testing Market, Segmentation by End-Use, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
14. South Korea Continuous Testing Market
14.1. South Korea Continuous Testing Market Overview
14.2. South Korea Continuous Testing Market, Segmentation by Component Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
14.3. South Korea Continuous Testing Market, Segmentation by Deployment Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
14.4. South Korea Continuous Testing Market, Segmentation by End-Use, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
15. Western Europe Continuous Testing Market
15.1. Western Europe Continuous Testing Market Overview
15.2. Western Europe Continuous Testing Market, Segmentation by Component Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
15.3. Western Europe Continuous Testing Market, Segmentation by Deployment Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
15.4. Western Europe Continuous Testing Market, Segmentation by End-Use, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
16. UK Continuous Testing Market
16.1. UK Continuous Testing Market, Segmentation by Component Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
16.2. UK Continuous Testing Market, Segmentation by Deployment Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
16.3. UK Continuous Testing Market, Segmentation by End-Use, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
17. Germany Continuous Testing Market
17.1. Germany Continuous Testing Market, Segmentation by Component Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
17.2. Germany Continuous Testing Market, Segmentation by Deployment Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
17.3. Germany Continuous Testing Market, Segmentation by End-Use, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
18. France Continuous Testing Market
18.1. France Continuous Testing Market, Segmentation by Component Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
18.2. France Continuous Testing Market, Segmentation by Deployment Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
18.3. France Continuous Testing Market, Segmentation by End-Use, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
19. Italy Continuous Testing Market
19.1. Italy Continuous Testing Market, Segmentation by Component Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
19.2. Italy Continuous Testing Market, Segmentation by Deployment Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
19.3. Italy Continuous Testing Market, Segmentation by End-Use, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
20. Spain Continuous Testing Market
20.1. Spain Continuous Testing Market, Segmentation by Component Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
20.2. Spain Continuous Testing Market, Segmentation by Deployment Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
20.3. Spain Continuous Testing Market, Segmentation by End-Use, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
21. Eastern Europe Continuous Testing Market
21.1. Eastern Europe Continuous Testing Market Overview
21.2. Eastern Europe Continuous Testing Market, Segmentation by Component Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
21.3. Eastern Europe Continuous Testing Market, Segmentation by Deployment Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
21.4. Eastern Europe Continuous Testing Market, Segmentation by End-Use, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
22. Russia Continuous Testing Market
22.1. Russia Continuous Testing Market, Segmentation by Component Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
22.2. Russia Continuous Testing Market, Segmentation by Deployment Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
22.3. Russia Continuous Testing Market, Segmentation by End-Use, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
23. North America Continuous Testing Market
23.1. North America Continuous Testing Market Overview
23.2. North America Continuous Testing Market, Segmentation by Component Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
23.3. North America Continuous Testing Market, Segmentation by Deployment Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
23.4. North America Continuous Testing Market, Segmentation by End-Use, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
24. USA Continuous Testing Market
24.1. USA Continuous Testing Market Overview
24.2. USA Continuous Testing Market, Segmentation by Component Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
24.3. USA Continuous Testing Market, Segmentation by Deployment Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
24.4. USA Continuous Testing Market, Segmentation by End-Use, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
25. Canada Continuous Testing Market
25.1. Canada Continuous Testing Market Overview
25.2. Canada Continuous Testing Market, Segmentation by Component Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
25.3. Canada Continuous Testing Market, Segmentation by Deployment Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
25.4. Canada Continuous Testing Market, Segmentation by End-Use, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
26. South America Continuous Testing Market
26.1. South America Continuous Testing Market Overview
26.2. South America Continuous Testing Market, Segmentation by Component Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
26.3. South America Continuous Testing Market, Segmentation by Deployment Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
26.4. South America Continuous Testing Market, Segmentation by End-Use, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
27. Brazil Continuous Testing Market
27.1. Brazil Continuous Testing Market, Segmentation by Component Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
27.2. Brazil Continuous Testing Market, Segmentation by Deployment Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
27.3. Brazil Continuous Testing Market, Segmentation by End-Use, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
28. Middle East Continuous Testing Market
28.1. Middle East Continuous Testing Market Overview
28.2. Middle East Continuous Testing Market, Segmentation by Component Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
28.3. Middle East Continuous Testing Market, Segmentation by Deployment Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
28.4. Middle East Continuous Testing Market, Segmentation by End-Use, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
29. Africa Continuous Testing Market
29.1. Africa Continuous Testing Market Overview
29.2. Africa Continuous Testing Market, Segmentation by Component Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
29.3. Africa Continuous Testing Market, Segmentation by Deployment Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
29.4. Africa Continuous Testing Market, Segmentation by End-Use, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
30. Continuous Testing Market Competitive Landscape and Company Profiles
30.1. Continuous Testing Market Competitive Landscape
30.2. Continuous Testing Market Company Profiles
30.2.1. International Business Machine Corporation
30.2.1.1. Overview
30.2.1.2. Products and Services
30.2.1.3. Strategy
30.2.1.4. Financial Performance
30.2.2. Broadcom Inc.
30.2.2.1. Overview
30.2.2.2. Products and Services
30.2.2.3. Strategy
30.2.2.4. Financial Performance
30.2.3. Capgemini SE
30.2.3.1. Overview
30.2.3.2. Products and Services
30.2.3.3. Strategy
30.2.3.4. Financial Performance
30.2.4. Cognizant Technology Solutions India Private Limited.
30.2.4.1. Overview
30.2.4.2. Products and Services
30.2.4.3. Strategy
30.2.4.4. Financial Performance
30.2.5. HCL Technologies Limited
30.2.5.1. Overview
30.2.5.2. Products and Services
30.2.5.3. Strategy
30.2.5.4. Financial Performance
31. Continuous Testing Market Other Major and Innovative Companies
31.1. Atos SE
31.2. Tech Mahindra Limited
31.3. EPAM Systems Inc.
31.4. Micro Focus International plc
31.5. Larsen and Toubro Infotech Limited
31.6. QualiTest Group
31.7. Mindtree Consulting Limited
31.8. Hexaware Technologies Limited
31.9. Vector Software Inc.
31.10. Sauce Labs Inc.
31.11. Spirent Communications plc
31.12. Parasoft Corporation
31.13. Tricentis India Pvt. Ltd.
31.14. Applause Quality Inc.
31.15. Cigniti Technologies Limited (Cigniti)
32. Global Continuous Testing Market Competitive Benchmarking33. Global Continuous Testing Market Competitive Dashboard34. Key Mergers and Acquisitions in the Continuous Testing Market
35. Continuous Testing Market Future Outlook and Potential Analysis
35.1 Continuous Testing Market in 2028 - Countries Offering Most New Opportunities
35.2 Continuous Testing Market in 2028 - Segments Offering Most New Opportunities
35.3 Continuous Testing Market in 2028 - Growth Strategies
35.3.1 Market Trend Based Strategies
35.3.2 Competitor Strategies
36. Appendix
36.1. Abbreviations
36.2. Currencies
36.3. Historic and Forecast Inflation Rates
36.4. Research Inquiries
36.5. About the Analyst
36.6. Copyright and Disclaimer

Executive Summary

Continuous Testing Global Market Report 2024 provides strategists, marketers and senior management with the critical information they need to assess the market.

This report focuses on continuous testing market which is experiencing strong growth. The report gives a guide to the trends which will be shaping the market over the next ten years and beyond.

Reasons to Purchase:

  • Gain a truly global perspective with the most comprehensive report available on this market covering 50+ geographies.
  • Understand how the market has been affected by the COVID-19 and how it is responding as the impact of the virus abates.
  • Assess the Russia - Ukraine war’s impact on agriculture, energy and mineral commodity supply and its direct and indirect impact on the market.
  • Measure the impact of high global inflation on market growth.
  • Create regional and country strategies on the basis of local data and analysis.
  • Identify growth segments for investment.
  • Outperform competitors using forecast data and the drivers and trends shaping the market.
  • Understand customers based on the latest market shares.
  • Benchmark performance against key competitors.
  • Suitable for supporting your internal and external presentations with reliable high quality data and analysis
  • Report will be updated with the latest data and delivered to you along with an Excel data sheet for easy data extraction and analysis.
  • All data from the report will also be delivered in an excel dashboard format.

Description

Where is the largest and fastest growing market for continuous testing? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? The continuous testing market global report answers all these questions and many more.

The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market’s historic and forecast market growth by geography.
  • The market characteristics section of the report defines and explains the market.
  • The market size section gives the market size ($b) covering both the historic growth of the market, and forecasting its development.
  • The forecasts are made after considering the major factors currently impacting the market. These include:
  • The impact of sanctions, supply chain disruptions, and altered demand for goods and services due to the Russian Ukraine war, impacting various macro-economic factors and parameters in the Eastern European region and its subsequent effect on global markets.
  • The impact of higher inflation in many countries and the resulting spike in interest rates.
  • The continued but declining impact of COVID-19 on supply chains and consumption patterns.
  • Market segmentations break down the market into sub markets.
  • The regional and country breakdowns section gives an analysis of the market in each geography and the size of the market by geography and compares their historic and forecast growth. It covers the growth trajectory of COVID-19 for all regions, key developed countries and major emerging markets.
  • The competitive landscape chapter gives a description of the competitive nature of the market, market shares, and a description of the leading companies. Key financial deals which have shaped the market in recent years are identified.
  • The trends and strategies section analyses the shape of the market as it emerges from the crisis and suggests how companies can grow as the market recovers.

Scope

Markets Covered:

1) by Component Type: Software; Services
2) by Platform Type: Web; Desktop; Mobile
3) by Deployment Type: Cloud; On-Premises
4) by Organization Size: Small and Medium-Sized Enterprises (SMEs); Large Enterprises
5) by End-Use: Banking, Financial Services, and Insurance (BFSI); Retail and Consumer Goods; Transportation and Logistics; Healthcare; Manufacturing; Telecom and Information Technology; Energy and Utilities; Government; Media and Entertainment; Other End-Users.

Key Companies Mentioned: International Business Machine Corporation; Broadcom Inc; Capgemini SE; Cognizant Technology Solutions India Private Limited; HCL Technologies Limited

Countries: Australia; Brazil; China; France; Germany; India; Indonesia; Japan; Russia; South Korea; UK; USA; Canada; Italy; Spain

Regions: Asia-Pacific; Western Europe; Eastern Europe; North America; South America; Middle East; Africa

Time Series: Five years historic and ten years forecast.

Data: Ratios of market size and growth to related markets, GDP proportions, expenditure per capita.

Data Segmentation: Country and regional historic and forecast data, market share of competitors, market segments.

Sourcing and Referencing: Data and analysis throughout the report is sourced using end notes.

Delivery Format: PDF, Word and Excel Data Dashboard.

Companies Mentioned

  • International Business Machine Corporation
  • Broadcom Inc
  • Capgemini SE
  • Cognizant Technology Solutions India Private Limited
  • HCL Technologies Limited
  • Atos SE
  • Tech Mahindra Limited
  • EPAM Systems Inc
  • Micro Focus International plc
  • Larsen and Toubro Infotech Limited
  • QualiTest Group
  • Mindtree Consulting Limited
  • Hexaware Technologies Limited
  • Vector Software Inc
  • Sauce Labs Inc
  • Spirent Communications plc
  • Parasoft Corporation
  • Tricentis India Pvt. Ltd
  • Applause Quality Inc
  • Cigniti Technologies Limited (Cigniti)
  • NIIT Technologies Limited
  • QA Mentor
  • SmartBear Software LLC
  • Worksoft Inc
  • Appvance Inc
  • Kobiton Inc
  • LogiGear Corporation
  • Softcrylic LLC
  • PractiTest Ltd
  • Testplant Limited

Methodology

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Table Information