The AI-enabled testing tools market size has grown exponentially in recent years. It will grow from $0.35 billion in 2023 to $0.45 billion in 2024 at a compound annual growth rate (CAGR) of 29.2%. The expansion observed in the historical period can be attributed to several factors, including the growing complexity of software applications and systems, a strong emphasis on quality assurance and testing efficiency, the widespread adoption of agile and DevOps practices, increasing awareness about the benefits of AI-enabled testing tools, and the availability of large volumes of data for testing purposes.
The AI-enabled testing tools market size is expected to see exponential growth in the next few years. It will grow to $1.27 billion in 2028 at a compound annual growth rate (CAGR) of 29.4%. The projected growth in the upcoming period is expected to be driven by several factors, including an increasing focus on shift-left testing methodologies, a rising adoption of cloud-based testing solutions, a surge in cybersecurity threats, and the expansion of IoT and edge computing technologies. Key trends anticipated in the forecast period encompass the adoption of shift-left testing practices to address issues earlier in the development cycle, the uptake of cloud-based testing solutions for enhanced scalability and flexibility, the adoption of advanced security testing capabilities to mitigate cybersecurity risks, integration with intelligent automation platforms to streamline testing processes, and the continued adoption of agile and DevOps practices to accelerate software delivery.
The rapid expansion of digital transformation is set to drive the growth of the AI-enabled testing tools market in the coming years. Digital transformation involves the integration of digital technologies into all aspects of business operations, fundamentally altering how organizations function and deliver value to customers. This surge in digital transformation is fueled by evolving consumer behaviors, the imperative for increased efficiency and agility, and the growing demand for enhanced customer experiences. The heightened focus on digital transformation creates a surge in demand for AI-enabled testing tools, as businesses seek faster and more accurate testing processes to seamlessly integrate digital technologies into their operations. For example, a report from the European Investment Bank in May 2023 indicated that 42% of European firms and 50% of firms in the United States pursued additional investments in digitalization in 2022 compared to the previous year, highlighting the momentum behind digital transformation initiatives. Therefore, the escalating trend of digital transformation is a key driver for the AI-enabled testing tools market.
Companies operating in the AI-enabled testing tools market are at the forefront of developing advanced technological solutions, such as MagnifAI, which harnesses artificial intelligence (AI) to automate and optimize quality assurance processes. MagnifAI leverages AI algorithms to analyze complex visual testing scenarios, detect subtle differences between expected and actual product appearances, and automate the evaluation of large volumes of visual assets. For instance, Globant S.A., a Luxembourg-based software solutions company, launched MagnifAI in June 2022, aiming to enhance and simplify quality assurance in intricate visual testing scenarios. This AI-powered solution improves product quality, reduces maintenance time, accelerates time-to-market, and lowers costs for businesses across diverse industries. MagnifAI's automation capabilities are particularly crucial in industries like gaming, where identifying discrepancies in user experience can significantly impact success.
In January 2024, SmartBear Software Inc., a US-based telecommunications company specializing in software testing and visibility solutions, acquired Reflect Software Inc. to bolster its AI strategy and capabilities. The acquisition integrates Reflect's AI-based testing solutions with SmartBear's existing innovations in AI test automation, enhancing their offerings in the AI-enabled testing tools market. Reflect Software Inc. is known for providing AI-enabled testing tools, aligning with SmartBear's vision to deliver comprehensive and advanced solutions to meet evolving industry needs.
Major companies operating in the AI enabled testing tools market are Amazon Inc., International Business Machines Corporation, Oracle Corporation, Keysight Technologies Inc., Open Text Corporation, Micro Focus International Plc, Cloudera Inc., Nuro Inc., Perforce Software Inc., Tricentis LLC, Indium Software Inc., QASource Inc., SenseTime Group Limited, SmartBear Software Inc., Sauce Labs Inc., Applitools Ltd., BugRaptors Solutions Pvt. Ltd., AccelQ Inc., Functionize Inc., Diffblue Ltd., SeaLights Technologies Ltd., Mabl Inc., Vegavid Technology, ReTest GmbH, TestRigor Inc.
North America was the largest region in the AI-enabled testing tools market in 2023. The regions covered in the AI enabled testing tools market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. The countries covered in the AI enabled testing tools market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.
AI-enabled testing tools are software solutions that harness artificial intelligence technologies to automate and enhance the testing of software applications. These tools play a pivotal role in improving efficiency, accuracy, and test coverage, thereby facilitating the expedited delivery of high-quality software products. By leveraging advanced algorithms and data analytics, AI-enabled testing tools identify defects, optimize test coverage, and accelerate the software testing process.
The primary component types of AI-enabled testing tools include software and services. Software encompasses programs and applications designed to execute specific tasks or functions on computers or electronic devices. It encompasses various types such as machine learning and pattern recognition, natural language processing (NLP), and computer vision and image processing. These software solutions are utilized for test automation, infrastructure optimization, and other purposes. Furthermore, AI-enabled testing tools find applications across diverse industries including healthcare, information technology (IT) and telecommunications, energy and utilities, banking, financial services, and insurance (BFSI), government sectors, among others.
The AI-enabled testing tools market research report is one of a series of new reports that provides AI-enabled testing tools market statistics, including AI-enabled testing tools industry global market size, regional shares, competitors with an AI-enabled testing tools market share, detailed AI-enabled testing tools market segments, market trends, and opportunities, and any further data you may need to thrive in the AI-enabled testing tools industry. This AI-enabled testing tools 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 AI-enabled testing tools market consists of revenues earned by entities by providing services such as software development, consulting, training, and support. The market value includes the value of related goods sold by the service provider or included within the service offering. The AI-enabled testing tools market also includes sales of test automation platforms, test data generation tools, and test script generation tools. Values in this market are ‘factory gate’ values, that is, the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.
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.
This product will be delivered within 3-5 business days.
The AI-enabled testing tools market size is expected to see exponential growth in the next few years. It will grow to $1.27 billion in 2028 at a compound annual growth rate (CAGR) of 29.4%. The projected growth in the upcoming period is expected to be driven by several factors, including an increasing focus on shift-left testing methodologies, a rising adoption of cloud-based testing solutions, a surge in cybersecurity threats, and the expansion of IoT and edge computing technologies. Key trends anticipated in the forecast period encompass the adoption of shift-left testing practices to address issues earlier in the development cycle, the uptake of cloud-based testing solutions for enhanced scalability and flexibility, the adoption of advanced security testing capabilities to mitigate cybersecurity risks, integration with intelligent automation platforms to streamline testing processes, and the continued adoption of agile and DevOps practices to accelerate software delivery.
The rapid expansion of digital transformation is set to drive the growth of the AI-enabled testing tools market in the coming years. Digital transformation involves the integration of digital technologies into all aspects of business operations, fundamentally altering how organizations function and deliver value to customers. This surge in digital transformation is fueled by evolving consumer behaviors, the imperative for increased efficiency and agility, and the growing demand for enhanced customer experiences. The heightened focus on digital transformation creates a surge in demand for AI-enabled testing tools, as businesses seek faster and more accurate testing processes to seamlessly integrate digital technologies into their operations. For example, a report from the European Investment Bank in May 2023 indicated that 42% of European firms and 50% of firms in the United States pursued additional investments in digitalization in 2022 compared to the previous year, highlighting the momentum behind digital transformation initiatives. Therefore, the escalating trend of digital transformation is a key driver for the AI-enabled testing tools market.
Companies operating in the AI-enabled testing tools market are at the forefront of developing advanced technological solutions, such as MagnifAI, which harnesses artificial intelligence (AI) to automate and optimize quality assurance processes. MagnifAI leverages AI algorithms to analyze complex visual testing scenarios, detect subtle differences between expected and actual product appearances, and automate the evaluation of large volumes of visual assets. For instance, Globant S.A., a Luxembourg-based software solutions company, launched MagnifAI in June 2022, aiming to enhance and simplify quality assurance in intricate visual testing scenarios. This AI-powered solution improves product quality, reduces maintenance time, accelerates time-to-market, and lowers costs for businesses across diverse industries. MagnifAI's automation capabilities are particularly crucial in industries like gaming, where identifying discrepancies in user experience can significantly impact success.
In January 2024, SmartBear Software Inc., a US-based telecommunications company specializing in software testing and visibility solutions, acquired Reflect Software Inc. to bolster its AI strategy and capabilities. The acquisition integrates Reflect's AI-based testing solutions with SmartBear's existing innovations in AI test automation, enhancing their offerings in the AI-enabled testing tools market. Reflect Software Inc. is known for providing AI-enabled testing tools, aligning with SmartBear's vision to deliver comprehensive and advanced solutions to meet evolving industry needs.
Major companies operating in the AI enabled testing tools market are Amazon Inc., International Business Machines Corporation, Oracle Corporation, Keysight Technologies Inc., Open Text Corporation, Micro Focus International Plc, Cloudera Inc., Nuro Inc., Perforce Software Inc., Tricentis LLC, Indium Software Inc., QASource Inc., SenseTime Group Limited, SmartBear Software Inc., Sauce Labs Inc., Applitools Ltd., BugRaptors Solutions Pvt. Ltd., AccelQ Inc., Functionize Inc., Diffblue Ltd., SeaLights Technologies Ltd., Mabl Inc., Vegavid Technology, ReTest GmbH, TestRigor Inc.
North America was the largest region in the AI-enabled testing tools market in 2023. The regions covered in the AI enabled testing tools market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. The countries covered in the AI enabled testing tools market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.
AI-enabled testing tools are software solutions that harness artificial intelligence technologies to automate and enhance the testing of software applications. These tools play a pivotal role in improving efficiency, accuracy, and test coverage, thereby facilitating the expedited delivery of high-quality software products. By leveraging advanced algorithms and data analytics, AI-enabled testing tools identify defects, optimize test coverage, and accelerate the software testing process.
The primary component types of AI-enabled testing tools include software and services. Software encompasses programs and applications designed to execute specific tasks or functions on computers or electronic devices. It encompasses various types such as machine learning and pattern recognition, natural language processing (NLP), and computer vision and image processing. These software solutions are utilized for test automation, infrastructure optimization, and other purposes. Furthermore, AI-enabled testing tools find applications across diverse industries including healthcare, information technology (IT) and telecommunications, energy and utilities, banking, financial services, and insurance (BFSI), government sectors, among others.
The AI-enabled testing tools market research report is one of a series of new reports that provides AI-enabled testing tools market statistics, including AI-enabled testing tools industry global market size, regional shares, competitors with an AI-enabled testing tools market share, detailed AI-enabled testing tools market segments, market trends, and opportunities, and any further data you may need to thrive in the AI-enabled testing tools industry. This AI-enabled testing tools 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 AI-enabled testing tools market consists of revenues earned by entities by providing services such as software development, consulting, training, and support. The market value includes the value of related goods sold by the service provider or included within the service offering. The AI-enabled testing tools market also includes sales of test automation platforms, test data generation tools, and test script generation tools. Values in this market are ‘factory gate’ values, that is, the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.
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.
This product will be delivered within 3-5 business days.
Table of Contents
1. Executive Summary2. AI Enabled Testing Tools Market Characteristics3. AI Enabled Testing Tools Market Trends and Strategies32. Global AI Enabled Testing Tools Market Competitive Benchmarking33. Global AI Enabled Testing Tools Market Competitive Dashboard34. Key Mergers and Acquisitions in the AI Enabled Testing Tools Market
4. AI Enabled Testing Tools Market - Macro Economic Scenario
5. Global AI Enabled Testing Tools Market Size and Growth
6. AI Enabled Testing Tools Market Segmentation
7. AI Enabled Testing Tools Market Regional and Country Analysis
8. Asia-Pacific AI Enabled Testing Tools Market
9. China AI Enabled Testing Tools Market
10. India AI Enabled Testing Tools Market
11. Japan AI Enabled Testing Tools Market
12. Australia AI Enabled Testing Tools Market
13. Indonesia AI Enabled Testing Tools Market
14. South Korea AI Enabled Testing Tools Market
15. Western Europe AI Enabled Testing Tools Market
16. UK AI Enabled Testing Tools Market
17. Germany AI Enabled Testing Tools Market
18. France AI Enabled Testing Tools Market
19. Italy AI Enabled Testing Tools Market
20. Spain AI Enabled Testing Tools Market
21. Eastern Europe AI Enabled Testing Tools Market
22. Russia AI Enabled Testing Tools Market
23. North America AI Enabled Testing Tools Market
24. USA AI Enabled Testing Tools Market
25. Canada AI Enabled Testing Tools Market
26. South America AI Enabled Testing Tools Market
27. Brazil AI Enabled Testing Tools Market
28. Middle East AI Enabled Testing Tools Market
29. Africa AI Enabled Testing Tools Market
30. AI Enabled Testing Tools Market Competitive Landscape and Company Profiles
31. AI Enabled Testing Tools Market Other Major and Innovative Companies
35. AI Enabled Testing Tools Market Future Outlook and Potential Analysis
36. Appendix
Executive Summary
AI Enabled Testing Tools Global Market Report 2024 provides strategists, marketers and senior management with the critical information they need to assess the market.This report focuses on AI enabled testing tools 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 AI enabled testing tools? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? The AI enabled testing tools 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: Software; Services2) by Type: Machine Learning and Pattern Recognition; Natural Language Processing (NLP); Computer Vision and Image Processing
3) by Application: Test Automation; Infrastructure Optimization; Other Applications
4) by End-Use Industry: Healthcare; IT and Telecommunication; Energy and Utilities; Banking, Financial Services, and Insurance(BFSI); Government; Other End Use Industries
Key Companies Mentioned: Amazon Inc.; International Business Machines Corporation; Oracle Corporation; Keysight Technologies Inc.; Open Text Corporation
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
- Amazon Inc.
- International Business Machines Corporation
- Oracle Corporation
- Keysight Technologies Inc.
- Open Text Corporation
- Micro Focus International Plc
- Cloudera Inc.
- Nuro Inc.
- Perforce Software Inc.
- Tricentis LLC
- Indium Software Inc.
- QASource Inc.
- SenseTime Group Limited
- SmartBear Software Inc.
- Sauce Labs Inc.
- Applitools Ltd.
- BugRaptors Solutions Pvt. Ltd.
- AccelQ Inc.
- Functionize Inc.
- Diffblue Ltd.
- SeaLights Technologies Ltd.
- Mabl Inc.
- Vegavid Technology
- ReTest GmbH
- TestRigor Inc
Table Information
| Report Attribute | Details |
|---|---|
| No. of Pages | 175 |
| Published | June 2024 |
| Forecast Period | 2024 - 2028 |
| Estimated Market Value ( USD | $ 0.45 Billion |
| Forecasted Market Value ( USD | $ 1.27 Billion |
| Compound Annual Growth Rate | 29.4% |
| Regions Covered | Global |
| No. of Companies Mentioned | 25 |
