Cloud Testing Market Size, Industry Analysis Report, Regional Outlook, Growth Potential, Competitive Market Share & Forecast, 2020 - 2026
Report ID: GMI3111
Cloud Testing Market size is anticipated to register a significant growth rate during the projected timeframe impelled by growing adoption of cloud computing services across various industry verticals. Over the past five years, more than 90% of the enterprises across the world have used cloud computing services as a part of their business. The global cloud computing spending was estimated to be over USD 128 billion in 2017 and it is expected to reach over USD 250 billion by 2022. With the increasing use of cloud technology in various business sectors, there is an increasing need to test the security and scalability of the cloud infrastructure to maximize its overall performance.
With the increasing price pressures and changing business requirements, there is a growing need for flexible and scalable delivery models. The ability of the company to scale its infrastructure, as the need arises without causing a decline in performance, has become a crucial factor in determining the success of a business. The cloud technology enables companies to better respond to evolving needs to drive greater operational efficiencies. The highly scalable nature of the cloud technology allows for quick and easy allocation of resources. This enables companies to easily upscale or downscale their IT resources as and when required. The constantly-altering business requirements are promoting the use of cloud testing solutions to ensure proper functionality.
Functional testing, performance and load testing, Graphical User Interface (GUI) testing, Application Program Interface (API) testing, service virtualization, and cross-browser testing are the solutions available in the cloud testing market. The GUI testing is used in industries such as IT and telecom with widespread use of smart devices. It is used to test the integrity of controls in the GUI interface. The API testing is used to test web services and integrations to enable the company to work in the most optimal manner.
Cloud testing services have found applications across retail & e-commerce, IT and telecom, BFSI, media & entertainment, and transportation business verticals. The widespread adoption of cloud services across e-commerce platforms to reduce to cost of developing and maintaining IT infrastructure is driving the demand for cloud testing. The ever-increasing supply of traditional media sources, as well as social network internet websites and portable devices, is encouraging the use of cloud testing solutions in the media and entertainment industry. The emergence of omnichannel banking services and the widespread digitalization across the banking sector are propelling the adoption of cloud testing services in the BFSI sector.
North America is anticipated to hold a major share in the cloud testing market. This is attributed to the extensive adoption of cloud computing technology by businesses of all sizes in the region. Technological advancements and the commercialization of various Internet of Things (IoT)-based products and services are expected to further drive the market. Furthermore, the advent of BYOD policies is also promoting the use of cloud testing solutions among enterprises. The increasing collaborative efforts between companies to develop new and innovative solutions will accelerate market growth.
The Asia-Pacific cloud testing market is expected to register a high growth rate over the projected time period due to the rise of various e-commerce platforms in the region. SMEs are rapidly adopting various cloud computing services to reduce their capital expenditure. The favorable government policies such as Smart Nation Initiative (Singapore) and Digital India (India) are promoting the use of various cloud and digital technologies. These supportive government initiatives are expected to foster cloud testing market growth in the region.
Some of the prominent players present in the cloud testing market are IBM, Oracle, CA Technologies, Micro Focus, Google, Cognizant, Xamarin, Cygnet Infotech, SOASTA, SmartBear Software, Capgemini, Cavisson Systems, and Cigniti. The vendors operating in the cloud testing market are forming strategic partnerships with various cloud solution providers to develop new solutions. The companies are also acquiring other start-ups working in cloud testing solutions to expand their product line. For instance, in May 2018, SmartBear Software acquired Hiptest, a cloud testing solution provider. The Hiptest’s cloud testing platform will be integrated with SmartBear’s existing product portfolio to further strengthen its product offerings to strengthen its position in the cloud testing market.
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