Software Testing Market is expected to witness significant growth to 2025 - PowerPoint PPT Presentation

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Software Testing Market is expected to witness significant growth to 2025

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Software Testing Market in application testing segment is anticipated to grow exponentially over the projected time period due to the increasing demand for ensuring predictability of the application performance. It also improves the time to market by implementing various structured testing processes to augment the existing product quality and development timeframes through numerous reusable test cases and automation techniques. Moreover, it allows software development firms to leverage the economies of scales and skilled low-cost workforce. – PowerPoint PPT presentation

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Title: Software Testing Market is expected to witness significant growth to 2025


1
Software Testing Market is expected to witness
significant to 2025 Global Market Insights, Inc.
Fuel Cell Market size worth 25.5bn by 2024
2
Regional Analysis of Software Testing Market
  • The North America region is dominating the
    software testing market due to the adoption of
    the software application in numerous industry
    verticals such as manufacturing and healthcare.
    The widespread integration of IoT devices and the
    high degree of automation are the other key
    factors supplementing the growth of the market.
    In addition, the increasing adoption of
    cloud-based services has further spurred the size
    of the market in the region.
  • The Asia Pacific software testing market is
    expected to grow due to the rapidly growing IT
    industry in countries including India, China, and
    Australia. The availability of highly skilled
    professionals at lower salaries is encouraging
    large enterprises from developed economies,
    including the U.S. and Germany to outsource their
    software infrastructure management services.

3
  • Application Analysis of Software Testing Market
  • The software testing applications are being
    increasingly used in the BFSI sector as it helps
    to safeguard the integrity of the banking
    application. The banking software applications
    perform various functions such as transferring
    depositing of funds, balance inquiry, and
    withdrawal of funds. The testing of these
    software applications is of paramount importance
    as minuscule error can cause catastrophic losses
    to banking firms. In addition, the increasing
    number of regulatory guidelines mandating the
    upgrade of the banking software infrastructure is
    also promoting its use in the software testing
    market.
  • Software testing market in application testing
    segment is anticipated to grow exponentially over
    the projected time period due to the increasing
    demand for ensuring predictability of the
    application performance. It also improves the
    time to market by implementing various structured
    testing processes to augment the existing product
    quality and development timeframes through
    numerous reusable test cases and automation
    techniques. Moreover, it allows software
    development firms to leverage the economies of
    scales and skilled low-cost workforce.

4
Competitive Market Share of Software Testing
Market
  • The companies operating in the software testing
    market are conducting strategic acquisitions to
    strengthen their presence in the market. For
    instance, in May 2018, QualiTest Group acquired
    the software testing division of NCC Group plc to
    enhance its UK operations and provide improved
    value offerings to its customers.
  • Major players present in the software testing
    market are Tata Consultancy Services (TCS), Wipro
    Limited, Capgemini, CA Technologies, Accenture,
    IBM Corporation, Infrasoft Technologies, Amdocs,
    QASymphony, Atos SE, Cognizant, Keytorc Software
    Testing Services, Cigniti Technologies Limited,
    UST Global Tech Mahindra, Gallop Solutions,
    Hexaware Technologies, and QualiTest Group.

5

Browse Full Market Research Report On Software
Testing Market _at_ http//bit.ly/2KIb3N9 Request
for an in-depth table of contents for this report
_at_ http//bit.ly/2KFHfB2
6
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