09-March-2022

Software Testing Services Market: Key Drivers and Top Segments

Accenture Plc, Atos SE, Capgemini SE, Cognizant Technology Solutions Corp., DXC Technology Co., HCL Technologies Ltd., International Business Machines Corp., and Infosys Ltd. are among the key vendors discussed in the research report

The Software Testing Services Market is projected to post an incremental growth of $ 34.49 billion, at a CAGR of over 12% till 2025. This research report provides detailed insights into growth drivers that are likely to boost the market. It also provides an analysis of all the segments, trends and challenges that are expected to impact the market in focus. This research will thus equip business leaders with data and insights necessary for designing future ready strategies for growth and development.


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Software Testing Services Market: What are the factors that will drive market growth?

A detailed study of market drivers enables market players to leverage these factors to drive growth. Technavio’s research reports provide a comprehensive analysis of all the other factors that will drive market growth during the forecast period. In addition to market drivers, our research report also studies the latest trends and challenges that are likely to influence growth in the current market scenario. One of the key drivers that will boost this market is increasing adoption of mobile testing. For more insights on the impact of this and all the other drivers, Request our Free Sample Report

Software Testing Services | Market Size to Grow by $ 34.49 Billion During 2021-2025

Software Testing Services Market: Growth Segments

This research report provides insights into the current market share of each segment along with growth projections for the next five years. In addition, the report also offers a detailed impact analysis of various trends, drivers, and challenges on each market segment along with insights into the way forward. These insights will equip clients with information that will help them design a growth strategy for their business and area of operation. Software Testing Services Market is segmented by Product (Application testing and Product testing), End-user (BFSI, Telecom and media, Manufacturing, Retail, and Others), and Geography (North America, Europe, APAC, and South America).

Software Testing Services Market: Vendor Analysis

The market is fragmented due to the presence of several players. The growth of the players depends on several factors such as market conditions, government support, and industry development. To survive and succeed in such an intensely competitive market, players must distinguish their product and service offerings through clear and unique value propositions. Accenture Plc, Atos SE, Capgemini SE, Cognizant Technology Solutions Corp., DXC Technology Co., HCL Technologies Ltd., International Business Machines Corp., Infosys Ltd., Tata Consultancy Services Ltd., and Wipro Ltd. are some of the major market participants. To make the most of the opportunities, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their position in the slow-growing segments.

Technavio also offers custom research reports with detailed insights assessing the market from a global as well as regional perspective. This customized report will help clients keep up with new product launches in direct & indirect or related markets. It will also provide insights on upcoming developments along with pipeline analysis of vendor operations and the impact of government regulations. For more insights on this market: Download a Free Sample Report

 

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The report provides insights into the following FAQs:

  1. What is the market CAGR?
    The market will accelerate at a CAGR of over 12%.

     
  2. What is the incremental growth of the market?
    The market is expected to grow by $ 34.49 bn through 2021-2025.

     
  3. What is a key factor driving this market?
    increasing adoption of mobile testing will drive market growth over the forecast period.

     
  4. What are the key regions covered in this market research report?
    North America, Europe, APAC, and South America are the key regions featured in this research report.

     
  5. Which is the leading geographic region for this market:
    42% growth will originate from North America

     
  6. Who are the leading market vendors?
    The leading vendors in this market are Accenture Plc, Atos SE, Capgemini SE, Cognizant Technology Solutions Corp., DXC Technology Co., HCL Technologies Ltd., International Business Machines Corp., Infosys Ltd., Tata Consultancy Services Ltd., and Wipro Ltd.

     
  7. What are the market segments covered in this report?
    The market is segmented by Product (Application testing and Product testing), End-user (BFSI, Telecom and media, Manufacturing, Retail, and Others), and Geography (North America, Europe, APAC, and South America)

The software testing services market has the potential to grow by USD 34.49 billion during 2021-2025, and the market’s growth momentum will accelerate at a CAGR of 12.39%.

This software testing services market research report provides valuable insights on the post COVID-19 impact on the market, which will help companies evaluate their business approaches. Furthermore, this report extensively covers market segmentation by product (application testing and product testing), end-user (BFSI, telecom and media, manufacturing, retail, and others), and geography (North America, Europe, APAC, and South America).

The software testing services market report also offers information on several market vendors, including Accenture Plc, Atos SE, Capgemini SE, Cognizant Technology Solutions Corp., DXC Technology Co., HCL Technologies Ltd., International Business Machines Corp., Infosys Ltd., Tata Consultancy Services Ltd., and Wipro Ltd. among others. View Free Sample Report

Software Testing Services | Market Size to Grow by $ 34.49 Billion During 2021-2025

Software Testing Services Market: Emerging Trends to Impact Market Growth

The availability of cloud-based software testing services is expected to drive the growth of the global software testing services market.  Cloud-based software testing refers to performing testing and measurement activities in a virtual environment by leveraging cloud technology. These services use a combination of various cloud computing models, such as infrastructure as a service (IaaS), platform as a service (PaaS), and SaaS.  With cloud-based testing services, companies can easily create a customer environment and find any abnormalities early in the software development lifecycle (SDLC).  Vendors are increasingly focusing on cloud-based testing services due to their benefits and high demand from small and medium enterprises (SMEs). Therefore, the growing adoption of cloud-based software testing services will drive the global software testing services market during the forecast period.

Software Testing Services Market: Vendor Analysis

Software Testing Services | Market Size to Grow by $ 34.49 Billion During 2021-2025

The market is fragmented due to the presence of several players. The growth of the players depends on several factors such as market conditions, government support, and industry development. To survive and succeed in such an intensely competitive market, players must distinguish their product and service offerings through clear and unique value propositions. Accenture Plc, Atos SE, Capgemini SE, Cognizant Technology Solutions Corp., DXC Technology Co., HCL Technologies Ltd., International Business Machines Corp., Infosys Ltd., Tata Consultancy Services Ltd., and Wipro Ltd. are some of the major market participants. To make the most of the opportunities, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their position in the slow-growing segments.

Technavio offers custom research reports with detailed insights on the impact of COVID-19 at an industry level, a regional level, and subsequent supply chain operations. This customized report will help clients keep up with new product launches in direct & indirect COVID-19 related markets. It will also provide insights on upcoming developments along with pipeline analysis of vendor operations and the impact of government regulations.

Technavio suggests three forecast scenarios (optimistic, probable, and pessimistic) considering the impact of COVID-19 Download a Free Sample Report 

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