Software Testing Market- Trends, Competitor Analysis and Regional Share Report to 2030

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Software Testing Market- Trends, Competitor
Analysis and Regional Share Report to 2030
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• Industry Insights

• The Rising demand for autonomous driving systems
  will outline global software testing market
  growth. Electric vehicles (EVs) are seeing a
  major increase in production volume as customers
  are becoming aware of the harmful effects of
  driving fossil-fueled vehicles.
• Software testing is an integral part of sectors
  that use advanced technologies to carry out their
  daily operations. According to some reports,
  organizations across the U.S. incurred costs
  worth USD 1.56 trillion in 2020 alone due to
  operational software failures, thereby augmenting
  the need for tougher software testing standards.
• The COVID-19 pandemic period witnessed a worrying
  rise in cybersecurity issues, such as virtual
  hacking due to lack of proper software testing or
  poor software quality. As per the European Union
  Agency for Cybersecurity, in 2020, there was a
  47 growth in cyberattacks on healthcare networks
  and hospitals across Europe. This scenario will
  accelerate the need for stringent software
  testing methods to mitigate the risk of losing
  confidential data.

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• Pure play software testing market size will
  expand at a notable pace over the coming years.
  The main role of this type of testing is to help
  product developers enhance the performance of
  their programs. Pure play testing will assist
  developers in identifying and solving various
  defects before making their products available
  for public use.
• Many organizations outsource these services to
  external agencies who then work closely with the
  onshore teams. They can fast-track the software
  development processes because of their
  flexibility and ability to offer solutions that
  are tailor-made for the needs of the clients.
• The professional services segment will capture a
  sizeable share of global software testing market
  in the future. Software testing processes are
  quite tedious and time-consuming due to the
  complexities associated with them. They can take
  up a companys valuable time who can instead
  focus on other core activities to boost its
  performance.
• Professional services are helpful in such cases
  as consultants from external agencies can be
  hired to take on the cumbersome task of testing
  different types of software. They can also
  provide in-depth and personalized guidance to
  their clients on improving the software quality
  through timely checks.

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• Competitive Analysis

• Global software testing market outlook will
  remain positive as there is a strong demand for
  smarter technologies across a wide range of
  sectors to improve their performance and
  efficiency. As more end-users opt for
  digitization, the importance of software testing
  will take center-stage in the upcoming years.
  Cognizant, CSC, Capgemini, Wipro Limited, Atos
  SE, Infosys Limited, Tricentis, Cigniti, and
  Accenture, among several others, are the top
  providers of software testing solutions. These
  companies offer application testing components
  and services to sectors ranging from IT, media,
  and manufacturing to BFSI, telecom, and retail.

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