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Software Testing Market Size By Component (Application Testing, Services), By Application (IT, Telecom, BFSI, Manufacturing, Retail, Healthcare, Transportation & Logistics, Government & Public Sector, Consumer Electronics, Media), Type & Forecast, 2023 - 2032

  • Report ID: GMI3382
  • Published Date: Mar 2023
  • Report Format: PDF

Industry Drivers

Software Testing Market size valued at USD 45 billion in 2022 and is anticipated to grow at 5% CAGR from 2023 to 2032. Driven by the surging usage of mobile-based applications. 

Increasing demand for mobile-based applications for transactions, entertainment, gaming, and other purposes has increased the need for continuous application updates for a seamless user experience. In this regard, testing the software of mobile applications helps optimize the functionality, performance, and appearance of apps across multiple devices. It also helps identify bugs in the development process which can be fixed before launching an app.

In fact, due to growing demand for mobile applications, many companies are emphasizing extending their footprint in the mobile testing space which is likely to supplement software testing market growth. Citing an instance, in October 2022, Keysight Technologies, Inc., a U.S.-based electronics company, announced the launch of AI-driven testing by enhancing its Nemo Device Application Test Suite to optimize experience on 5G smartphones.

Prohibitive implementation cost of automation testing may constrain industry growth

High setup cost including subscription fees and licensing for automation tools adds to the overall cost of automation testing, which may make it out of reach for many organizations, restraining the software testing market demand. In addition, automation testing incurs high initial investment and maintenance costs, which compel many organizations to turn to manual testing. Moreover, such tests also require highly trained people with technical expertise for continuous management, which makes it difficult for many organizations to manage such resources.

Rise in spending by firms in software development to spur the demand for application testing


Based on component, software testing market from the application testing segment is poised to reach USD 50 billion by 2032, on account of rising spending by organizations in software development for product safety and data security. In fact, in October 2022, Tricentis, an Austrian software company, expanded its test automation, performance testing, and test management capabilities through the launch of  Tricentis Test Management for Jira, Tricentis Test Automation for Salesforce, and Tricentis NeoLoad 9.0 for application quality improvement. Moreover, automating application testing offers a host of benefits to an organization such as fewer expenses, quick outcomes, and others.

Growing number of online transactions to impel demand for software testing for BFSI applications

Authors: Preeti Wadhwani

Frequently Asked Questions (FAQ) :

The market size of software testing held a valuation of over USD 45 billion in 2022 and is slated to witness around 5% CAGR from 2023 to 2032, on account of rising usage of mobile-based applications.
The application testing segment is set to record a valuation of over USD 50 billion by 2032, owing to surging investments by organizations in software development for data security and product safety.
North America market is expected to grow beyond USD 40 billion by 2032, attributed to surging adoption of electric vehicles.
Some of the leading market players include names such as Amdocs, Capgemini SE, CGI Inc, Cigniti Technologies Limited, Eggplant (Keysight Technologies, Inc.), Accenture Plc., Astegic Inc, and Cognizant Technology Solutions Corporation.

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Premium Report Details

  • Base Year: 2022
  • Companies covered: 23
  • Tables & Figures: 489
  • Countries covered: 25
  • Pages: 430
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