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Software Testing Market Size By Component (Application Testing [By Type (Functional and Non-functional)], Services [Professional and Managed]), By Application (IT, Manufacturing, Government & Public Sector, Telecom, Healthcare, BFSI, Retail, Transportation & Logistics, Consumer Electronics, Media), By Type (System Integrator, Pureplay Software Testing), COVID-19 Impact Analysis, Growth Potential, Competitive Market Share & Forecast, 2022 – 2030
  • Report ID: GMI3382
  • Published Date: Aug 2022
  • Report Format: PDF
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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.
 

Software Testing Market Report Coverage
Report Coverage Details
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:
  • North America
    • Increased availability of high-end DevOps solution
  • Europe
    • Rising adoption of agile development environment for quality assurance and testing
  • Asia Pacific
    • Growing digitalization in developing economies
  • Latin America
    • Increase in the consumption of mobile-based applications
  • MEA
    • Increasing focus on autonomous driving technology from OEMs and government authorities
Pitfalls & Challenges:
  • Lack of professionals
  • High implementation cost prevailing manual testing over automation testing

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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
  • 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

 

Authors: Preeti Wadhwani, Prasenjit Saha

Frequently Asked Questions (FAQ) :

The market size of software testing crossed above USD 40 billion in 2021 and is set to progress at a CAGR of more than 6% during 2022 to 2030, says this GMI report.
The North America software testing segment valued at about USD 19 billion in 2021 owing to the increasing use of smart consumer products, such as smart home appliances, smart TVs, laptops, and gaming consoles, among others.
The system integrator segment held a market share of around 70% in 2021 on account of the prevalent uptake of system integration testing (SIT) in integrated systems.
The BFSI segment held a market share of around 25% in 2021 driven by the need for reliable software applications in the sector that will boost the demand for software testing.
Some major companies in the software testing industry are TCS, Cognizant, Capgemini, IBM, Wipro Limited, Infosys Limited, Atos SE, Amdocs, Accenture, Cigniti, Tricentis, Eggplant (Keysight Technologies, Inc.), CGI Inc, and Qualitest.

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Premium Report Details

  • Base Year: 2021
  • Companies covered: 23
  • Tables & Figures: 366
  • Countries covered: 18
  • Pages: 431
  • Upcoming Report: Details can be customized to meet your information and data needs. Feel free to share your detailed research requirements via this form.

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