Software Testing Market is poised to grow substantially till 2025

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Software Testing Market is set to see healthy
CAGR during 2019 to 2025
Fuel Cell Market size worth 25.5bn by 2024
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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.

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• Application Analysis of Software Testing Market
• Software Testing Market in application testing
  sector 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.
• 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 .

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Competitive Market Share of Software Testing
Market
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. The
companies operating in the 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.
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