Cloud Testing Market Size, Industry Analysis Report, Regional Outlook, Growth Potential, Competitive Market Share & Forecast, 2021 – 2027
Report ID: GMI3111
Cloud Testing Market size is expected to expand prolifically over the span of 2021 to 2027 on account of the rising adoption of cloud computing services across various industries and enterprises worldwide. It has been reported that businesses spent over more than $30 billion capital on cloud infrastructure services during Q2, 2020.
Cloud-based testing generally refers to measuring, analyzing testing, and regulating activities in cloud-based infrastructure and environment by expanding cloud solutions and technologies. Moreover, the cloud testing platforms have been known to improve testing as they facilitate better communication in terms of planning, test execution, and strategizing process.
However, constant need for new environment infrastructure for advanced project development and high investment for establishing testing environments are likely to challenge cloud testing industry growth through 2027.
Distinct types of solutions are available in the global cloud testing market including performance and load testing, API testing, functional testing, service virtualization, Graphical User interface, and cross browser testing. Amongst these, GUI interface testing solutions are projected to seize a significant market share in the upcoming years. This can be attributed to the solutions’ ability to ensure that the functionalities of software application work as per specification by analyzing screens and controls like buttons, menus, and others.
With regards to the application vertical, the cloud testing market is estimated to depict phenomenal gains from retail and ecommerce segment in a bid to reduce the additional cost of developing and maintaining the IT infrastructure. Moreover, the demand for cloud computing has been continuously rising across the retail industry, paving way for development of cloud testing solutions and services. Recently, Microsoft Corp., introduced ‘Cloud for Retail’ to help retailers embrace digital solutions to better understand their customers.
Meanwhile, the BFSI sector would also present significant gains in the overall could testing industry subject to the expanding digitalization and growing adoption of cloud computing services in the banking sector.
Considering the regional outlook, North America is predicted to hold a substantial share in overall cloud testing market from 2021 to 2027. This can be ascribed to the growing adoption of cloud computing technology by various businesses in the region. According to IDC, enterprises in the United States spend USD 124.6 billion on cloud computing technologies in 2019. Besides, the trend of BYOD is as well promoting use of cloud testing solutions in the region. Canada has turned out to be a lucrative ground for BYOD market in North America. A report by Dimension Data Canada Inc. suggests that more than 75% of Canadian businesses support the use of employee-owned smart phones and tablets.
Global cloud testing industry is highly concentrated and includes the presence of prominent leaders like Oracle Corporation, IBM, Google Inc., Cognizant, Cigniti Technologies, Capgemini, CA Technologies (Broadcom Inc.), Micro Focus International plc., Cygnet Infotech, and others. These vendors have been forming strategic partnerships and being engaged in mergers and acquisitions to develop advanced products in the global market.
Recently, Cygnet Infotech announced partnering with LambaTest, a prominent Cross Browser Testing Cloud, in an attempt to bolster their core competencies and thereby escalate the businesses across the globe.
In 2020, Micro Focus declared upgradation of its LoadRunner testing tools to enable DevOps teams to seamlessly and more flexibly test applications irrespective of locations they are deployed into.
Coronavirus impact on cloud testing market
The dreaded Covid-19 pandemic enforced businesses to operate digitally, thus supporting a huge growth in cloud computing and online functioning. This shift had a huge positive influence on the overall growth curve of cloud testing market across the enterprises operating in IT sector, while the healthcare, public, and manufacturing sectors observed a slowdown due to movement restrictions.
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