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Industry Statistics
Software Testing Market size valued at USD 40 billion in 2021 and is anticipated to record a CAGR of more than 6% between 2022 and 2030.
Booming demand for automating software development processes will help increase the industry share. Agile development implementation for quality assurance will create numerous opportunities for the market growth. The process includes methods to detect and resolve errors. It also reduces development costs and improves the performance of the software product or application that will help increase product demand.
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The mounting adoption of AI and machine learning technologies to build fully autonomous vehicles will accelerate the demand for software testing. Companies operating in the software testing market are focusing on the development of DevOps platform solutions for wider customer reach. This can be attributed to the fact that DevOps software testing delivers continuous & automated quality monitoring, and their deployment will strengthen the prominent market players.
Report Coverage | Details |
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Base Year: | 2021 |
Market Size in 2021: | USD 40 billion |
Forecast Period: | 2022 to 2030 |
Forecast Period 2022 to 2030 CAGR: | 6% |
2030 Value Projection: | USD 70 billion |
Historical Data for: | 2018 to 2021 |
No. of Pages: | 431 |
Tables, Charts & Figures: | 366 |
Segments covered: | Component, Application, Type |
Growth Drivers: |
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Pitfalls & Challenges: |
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Shortage of testing professionals may restrain software testing market progression
The limited number of software testing professionals poses a major factor for market expansion. High-level certification and training are compulsory to test complex machinery integrated with novel technologies viz., AI, IoT, or ML, which curtails the availability of qualified experts in the field. Nonetheless, widespread adoption of technologies and digitalization in logistics & transportation services due to burgeoning customer demand for cost-effective solutions will create massive growth opportunities for the software testing industry.
Growing emphasis on software development to push application testing market
The application testing segment captured approximately 50% of the software testing market share in 2021 on account of increasing investments by organizations toward devising robust software for data security and product safety. Since application testing utilizes automation, it provides optimum coverage of the test suite.
Effective fault detection helping system integrators to gain traction
The system integrator segment accounted for around 70% of the revenue share in 2021. System integration testing (SIT) is utilized as an overall testing service for an integrated system with several components. This is considered vital for complex software assessments.
Varied applications of software testing in BFSI to define the industry trends
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The BFSI segment held over 25% of software testing market share in 2021 and is predicted to grow massively through 2030. As banking software applications perform various functions, such as money deposit, withdrawal, balance inquiry, and transfer of funds through various channels, including ATM, customer care, and online banking, they need reliable software applications, which is augmenting the demand for software testing in the BFSI sector.
Growing adoption of smart consumer products in North America
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The North America software testing market crossed USD 19 billion in 2021. The surging adoption of smart consumer products, such as smart home appliances, smart TVs, laptops, and gaming consoles, among other things, will drive the demand for software testing in the region. Another region that may emerge as a dominant revenue hub is Europe. Escalating uptake of electric vehicles is expected to increase the demand for software testing in the automotive and transportation sectors. Rapid electrification of vehicles will create lucrative opportunities for automated testing of battery systems, automotive electronics, and safety systems, fueling regional market growth.
Development strategies for software testing vendors
Some of the key players operating in the software testing market are TCS, Cognizant, Capgemini, IBM, Wipro Limited, Infosys Limited, Atos SE, Amdocs, Accenture, Cigniti, Tricentis, Eggplant (Keysight Technologies, Inc.), CGI Inc, and Qualitest. Companies are implementing several development strategies that include product launches, acquisitions, mergers, and technological innovations to boost their market positions.
Impact of COVID-19 on the software testing business outlook
The coronavirus pandemic had a positive impact on the software testing industry. During the initial phase of the COVID-19 pandemic, there was a dramatic rise in the development of software applications focused on providing COVID-19 statistics and information, which led to increased adoption of software testing services. Furthermore, in the post-pandemic scenario, prevalent digitalization across the sector has also been favorable for business growth.
This software testing market research report includes in-depth coverage of the industry with estimates & forecast in terms of revenue in USD Million from 2018 to 2030, for the following segments:
Market, By Component
- Application testing
- Functional testing
- System testing
- Unit testing
- Integration testing
- Smoke testing
- Regression testing
- Others
- Non-functional testing
- Security testing
- Performance testing
- Usability testing
- Others
- Functional testing
- Services
- Professional
- Managed
Market, By Application
- IT
- Telecom
- BFSI
- Manufacturing
- Retail
- Healthcare
- Transportation & logistics
- Government & public sector
- Consumer electronics
- Media
- Others
Market, By Type
- System integrator
- Pureplay software testing
The above information has been provided for the following regions and countries:
- North America
- U.S.
- Canada
- Europe
- Germany
- UK
- France
- Italy
- Spain
- Russia
- Asia Pacific
- China
- India
- Japan
- South Korea
- ANZ
- Latin America
- Brazil
- Mexico
- Argentina
- MEA
- South Africa
- Israel
Frequently Asked Questions (FAQ) :