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Software Testing Market Size

Report ID: GMI3382
Published Date: Jun 2024
Report Format: PDF

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Software Testing Market Size

Software Testing Market size was valued at USD 51.8 billion in 2023 and is estimated to register a CAGR of over 7% between 2024 and 2032, driven by increasing product launches and innovations by big companies. As technology evolves rapidly, companies are constantly under pressure to provide superior software solutions to meet the dynamic needs of their users. This increasing demand for error-free software has stimulated the market for advanced testing tools and techniques.

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For instance, in May 2024, application security (AppSec) innovator NightVision offered a new software testing security solution designed to help developers identify, analyze, and fix exploitable vulnerabilities throughout the software development lifecycle (SDLC).

Software Testing Market Report Attributes
Report Attribute	Details
Base Year:	2023
Software Testing Market Size in 2023:	USD 51.8 Billion
Forecast Period:	2024 - 2032
Forecast Period 2024 - 2032 CAGR:	7%
2032 Value Projection:	USD 97.3 Billion
Historical Data for:	2021 - 2023
No. of Pages:	250
Tables, Charts & Figures:	300
Segments covered:	Component, Application, Type, Industry & Business Type
Growth Drivers:	Increased availability of high-end DevOps solution Rising adoption of agile development environment for quality assurance and testing Growing digitalization in developing economies Increase in the consumption of mobile-based applications
Pitfalls & Challenges:	Lack of professionals High implementation cost prevailing manual testing over automation testing

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Companies have previously invested in sophisticated testing frameworks and automation tools to streamline the software development life cycle. Innovations such as AI-driven testing, continuous integration, and delivery of continuous use (CI/CD) pipelines are changing the industry by increasing the accuracy and effectiveness of defect detection.

Additionally, the adoption of agile DevOps practices has created a need for continuous testing to ensure that new software is properly tested before deployment. This trend could continue as organizations seek to deliver increased competitive advantage by providing reliable and robust software products. Consequently, the software testing market is poised for sustained growth, driven by leading companies’ relentless demand for innovation and excellence.

Despite the potential growth of the software testing market, there are several constraints. The high costs associated with advanced test equipment and automation can be prohibitive for SMEs. In addition, the lack of experienced staff in modern testing methods hinders effective implementation. Rapidly evolving technologies also pose challenges in keeping testing systems up to date. Furthermore, it is difficult to seamlessly integrate testing into agile DevOps methodologies, further limiting market expansion. Addressing these challenges is critical to sustainable development.

Authors: Preeti Wadhwani, Aishvarya Ambekar

Frequently Asked Questions (FAQ) :

The market size of software testing reached USD 51.8 billion in 2023 and is set to witness 7% CAGR from 2024 to 2032, owing to increasing product launches and innovations by big companies worldwide.

Software testing industry from the application segment and is expected to reach over USD 53.6 billion by 2032, due to businesses requiring efficient and secure applications leading to the critical need for robust testing solutions.

North America market held 47% share in 2023, attributed to businesses across industries embracing digital transformation initiatives leading to need for robust testing solutions in the region.

Accenture, Capgemini, Cognizant, IBM, NTT Data, TCS, and Wipro, are some of the major software testing companies worldwide.