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Software Testing Market Size & Share, by Component (Application Testing, Services), Application (IT, Telecom, BFSI, Manufacturing, Retail, Healthcare, Transportation & Logistics, Government & Public Sector, Consumer Electronics, Media), Regional Forecast, Industry Players, Growth Statistics Report 2024-2033

Report ID: FBI 1627

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Published Date: Sep-2023

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Format : PDF, Excel

Market Outlook:

Software Testing Market size exceeded USD 47.25 Billion in 2023 and is anticipated to cross USD 103.5 Billion by 2033, registering a CAGR of more than 5.5% during the forecast period. Within the larger software business, the software testing market is a vibrant and expanding subsector. It includes a variety of tasks and offerings aimed at guaranteeing the excellence, efficiency, and dependability of software programmes and systems.

The need for reliable and error-free software has increased dramatically as software continues to play a crucial role in many industries. Software testing is now a crucial stage in the software development life cycle as a result of this. The demand for testing services from businesses and service providers around the world reflects the global nature of the software testing market. There is an increasing focus on continuous testing, where testing happens throughout the software development process rather than as a discrete phase, as a result of the adoption of DevOps and Agile approaches.

Base Year Value (2023)

USD 47.25 Billion

18-23 x.x %
24-33 x.x %

CAGR (2024-2033)

5.5%

18-23 x.x %
24-33 x.x %

Forecast Year Value (2033)

USD 103.5 Billion

18-23 x.x %
24-33 x.x %

Historical Data Period

2019-2022

Largest Region

North America

Forecast Period

2024-2033

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Market Dynamics:

Growth Drivers and Opportunities:

Availability of advanced DevOps System

To ensure that software updates are adequately tested before release, DevOps mainly relies on test automation. Selenium, Appium, JUnit, TestNG, and Cucumber are just a few examples of test automation tools that are widely available and easily integrated with DevOps workflows. Infrastructure as Code (IaC) solutions like Terraform and Ansible, which allow for the automated provisioning and configuration of test environments and guarantee consistency and reproducibility, are encouraged by DevOps.

Increasing digitization in developing countries

Test automation has significantly increased as a result of digitization. Today, it's common practise to automate test case execution, regression testing, and functional software verification. This has sped up release cycles, decreased human error, and increased testing efficiency. Test data management has advanced as a result of digitization. In the digital age, methods and tools for creating fictitious test data, hiding critical information, and protecting data privacy have become crucial. As testing becomes more digital, it becomes necessary to test software on a variety of hardware, browsers, and operating systems. Digital testing solutions take this variety into account. To guarantee the integrity and security of applications, specialised testing tools and procedures have emerged in sectors using blockchain technology, such as banking and healthcare.

Report Scope

Report CoverageDetails
Segments CoveredComponent, Application.
Regions Covered• North America (United States, Canada, Mexico)  
• Europe (Germany, United Kingdom, France, Italy, Spain, Rest of Europe)  
• Asia Pacific (China, Japan, South Korea, Singapore, India, Australia, Rest of APAC)  
• Latin America (Argentina, Brazil, Rest of South America)  
• Middle East & Africa (GCC, South Africa, Rest of MEA)
Company ProfiledWipro Limited, Cigniti Technologies Limited, Accenture, Atos SE, Capgemini., Cognizant, HCL Technologies Limited, IBM, Tata Consultancy Services Limited, TestingXperts., Codoid, Oxagile, QA Mentor - Software Testing Company, TestFort, Testbytes, BugRaptors, a1qa software testing company, Kualitatem, Infosys Limited, DXC Technology Company and Hexaware Technologies Limited

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Industry Restraints & Challenges

Lack of software professionals to hamper the market

The software industry is constantly changing as new tools, technologies, and techniques are developed at an accelerated rate. It might be difficult for many professions to continually learn new skills and upskill in order to keep up with these developments. Software testing does not always have established educational programmes or formal degrees, unlike some other IT occupations. This may discourage people from pursuing a career in testing, which would create a talent gap. Many businesses contract out software testing to nations where the cost of labour is lower. This can assist meet demand, but it also implies that there may be less chances for testing professionals in some local job sectors.

Report Coverage & Deliverables

Historical Statistics Growth Forecasts Latest Trends & Innovations Market Segmentation Regional Opportunities Competitive Landscape

Regional Forecast:

North American Market

North America software testing market revenue is set to reach USD 46 Billion by 2033.  One of the biggest and most varied marketplaces for software testing exists in North America. This is because a variety of sectors, including finance, healthcare, manufacturing, e-commerce, and technology, all necessitate thorough software testing. Software dependability and quality are given top priority by North American businesses. As a result, there is a high need for testing and quality assurance services in a variety of industries. In order to make sure their goods match consumer expectations, North America has a flourishing startup ecosystem and innovation hubs that frequently use software testing services.

Asia Pacific Market

Asia Pacific is witnessing the fastest market growth between 2024 to 2033. Rapid technological adoption and digital transformation projects have been implemented in many APAC nations, including India, China, Japan, South Korea, and Singapore. Software testing services are in high demand as a result of this. India and the Philippines in particular have emerged as important outsourcing hubs for software testing services. These nations provide clients from throughout the world with testing solutions that are affordable. The creation of enterprise software, web applications, and mobile apps has increased significantly in the area. Comprehensive software testing has become necessary as a result of this.

Segmentation Analysis:

Insights by Component

The application testing segment market size will cross USD 57.5 Billion by the end of 2033. The demand for application testing services has surged as a result of the swift digital transformation occurring across all industries. Organisations are creating and updating digital goods, such as web and mobile applications, and they need to put them through extensive testing to make sure they function properly. Application testing now encompasses more areas because to the Internet of Things (IoT). To make sure they work properly, are secure, and can manage large amounts of data, IoT devices and applications must go through rigorous testing.

Insights by Application

The BFSI segment will account for the largest market size of over USD 23 Billion by 2033. Customer portals, smartphone apps, and online banking all contribute to a satisfying customer experience. To make sure programmes are intuitive and responsive, user interface (UI) testing, usability testing, and performance testing are crucial. To maintain the security of transactions and data on mobile devices, comprehensive testing is necessary given the growing popularity of mobile banking apps. It's also crucial to do compatibility testing between various operating systems and gadgets. In order to hasten the development and deployment of software, several BFSI organisations are implementing Agile and DevOps practises. These approaches depend on continuous testing to preserve software quality throughout short development cycles.

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Competitive Landscape:

Major players in the market

  • Wipro Limited
  • Cigniti Technologies Limited
  • Accenture
  • Atos SE
  • Capgemini
  • Cognizant
  • HCL Technologies Limited
  • IBM
  • Tata Consultancy Services Limited
  • TestingXperts
  • Codoid
  • Oxagile
  • QA Mentor - Software Testing Company
  • TestFort
  • Testbytes
  • BugRaptors
  • a1qa software testing company
  • Kualitatem
  • Infosys Limited
  • DXC Technology Company
  • Hexaware Technologies Limited

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Software Testing Market Size & Share, by Component...

RD Code : 24