Automation Testing Market 2021 - Latest Trends, Future Development Outlook and Demand Analysis to 2027

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Automation Testing Market Emerging Trends, Top
Companies, Application Analysis and Forecasts,
2021 - 2027
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• The automation testing market is estimated to
  witness robust growth by 2027 owing to soaring
  product prevalence across varied industry
  verticals.
• Automation testing refers to the process of
  testing software and other tech products to
  ascertain that they meet specific requirements.
  The test aims to double-check that the software
  or equipment performs its functions efficiently
  and identify any defects, bugs, and any other
  issues that could arise with product development.
• The COVID-19 outbreak disrupted virtually all
  industries across the globe. Widespread adoption
  of automation has helped companies cut costs
  during COVID-19-induced economic turmoil to
  enhance existing operations and provide more
  agile services to customers. Subsequently, rising
  awareness pertaining to the benefits of
  automation testing has been favorable for
  automation testing industry expansion during the
  pandemic.
• The automation testing market has been segmented
  based on end point interface, component,
  application, and region. With respect to
  component, the market has been segregated into
  testing type (functional testing and
  non-functional testing) and services (planning
  development, implementation, documentation
  training, advisory consulting, support
  maintenance, and managed).

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• The non-functional testing segment has further
  been categorized into performance testing,
  security testing, API testing, compliance
  testing, usability testing, and others. In 2020,
  the performance testing segment held a market
  share of above 5 and is expected to grow at a
  notable pace over 2021-2027. Mounting demand for
  verifying software stability and performance is
  likely to propel segmental growth in the coming
  years.
• In terms of end point interface, the automation
  testing market has been bifurcated into web,
  mobile, desktop, embedded software, and cloud.
  The web segment garnered around 15 share in the
  market in 2020 and is projected to witness
  substantial growth by 2027. Increasing
  penetration of web-based applications across the
  IT sector is foreseen to support segmental
  development over the following years.
• From the application perspective, the market has
  been divided into BFSI, IT telecom, retail,
  manufacturing, healthcare, government public
  sector, transportation logistics, smart
  consumer devices, medical devices, automotive,
  and others. In 2020, the automotive segment
  attained a market share of approximately 10 and
  is speculated to progress at a solid CAGR over
  the review timeline. Prominent RD initiatives
  focused on autonomous vehicles and
  electrification of cars is expected to fuel
  product adoption in the automotive sector in the
  forthcoming years.

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• Regional Analysis

• By region, the Latin America automation testing
  market accounted for more than 5 of the overall
  industry revenue in 2020 and is anticipated to
  reach a significant valuation by the end of 2027.
  Proliferation of robotics and industrial
  automation across Brazil and Mexico is slated to
  drive product uptake in the LATAM region through
  the forecast period.

• Competitive Analysis

• Key players operating in the market include
  Tricentis, Qualitest, Cognizant, Capgemini, Wipro
  Limited, Accenture, TCS, Micro Focus
  International plc, Microsoft Corporation,
  SmartBear Software, and Tech Mahindra Limited.
  These participants are highly focused on
  strategic initiatives, such as acquisitions,
  partnerships, and collaborations, to achieve a
  competitive advantage over other leaders.

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