Research Expert: Sarah Overall
  • Published: Aug 2024
  • Pages: 150
  • SKU: IRTNTR76881

  • Outsourced Software Testing Market Size to grow by USD 30.46 billion between 2024-2028

    Technavio, a leading provider of market research reports, has released its latest study on Outsourced Software Testing Market. This report offers a comprehensive analysis of the current market trends, emerging opportunities, and key challenges.

    Key Highlights

    • Market Research Overview:

    The Technavio market research report classifies the Outsourced Software Testing Market as a segment of the broader Global IT Consulting and Other Services Market, which falls under the IT Services sector. This comprehensive market encompasses organizations providing IT consulting, system integration, application, electronic data processing, business process outsourcing, infrastructure, and Internet services. The Global IT Consulting and Other Services Market's size is determined by the consolidated revenue generated by all entities offering various IT consulting and information management services. - The Outsourced Software Testing Market is experiencing significant growth, fueled by the Increased demand for mobile and web applications. Businesses are leveraging the products belonging to the market for customer engagement, transactional notifications, and promotional offers.

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    • Major Findings

      • Increased demand for mobile and web applications
      • Increasing demand for cost-effective solution
      • Data security and privacy concerns
      • High cost of outsourced software testing
    • Growth Projections

    The market size is estimated to grow by USD 30.46 billion, at a CAGR of 14.41% during the forecast period. Technological advancements in outsourced software testing | Rise in adoption of Agile and DevOps methodologies | Emergence of blockchain technology and cryptocurrency-based applications

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    • Regional Insights

    The North American region dominates the global outsourced software testing market, driven by a substantial IT workforce, advanced technology landscape, and stringent regulatory framework. Companies in this region have effectively utilized outsourced software testing services to enhance productivity, minimize expenses, and secure niche competencies. With a priority on quality assurance, data security, and regulatory compliance, North American businesses have consistently opted for outsourcing software testing to achieve their strategic goals. A key factor underpinning North America's market leadership is the availability of a vast pool of skilled software testing experts.

    Research Analysis Overview

    In the dynamic and ever-evolving world of software development, outsourced software testing has emerged as a crucial component of industry best practices. This market encompasses various testing methodologies, including Unit Testing, Integration Testing, System Testing, Functional Testing, Usability Testing, Security Testing, and Performance Testing. Outsourcing testing services to third-party providers allows businesses to leverage cutting-edge infrastructure and expertise, ensuring comprehensive testing across multiple operating systems, devices, and digital platforms. Microsoft Windows, along with other operating systems, forms a significant part of the testing landscape. Automation tools play a pivotal role in enhancing the efficiency and accuracy of testing processes. Outsourced software testing also extends to outsourcing entire software structures, enabling businesses to focus on their core competencies while ensuring the quality of their digital offerings. Network circumstances and third-party service providers further add complexity to the testing process, necessitating a robust and adaptive testing strategy.

    About Technavio                                                                        

    Technavio is a global market research company offering comprehensive reports and insights on various industries. Our research helps businesses make informed decisions by providing actionable data and trends. Technavio is based on four simple principles: easy-to-access reports, robust industry coverage, a focus on new and emerging technologies, and competitive pricing. We believe in helping companies and executives become better equipped to make faster, sounder, and more effective decisions. Technavio is one of the most influential market research and advisory firms in the world. We work with business and technology leaders to provide cutting-edge market research and insights to companies. 

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    Technavio Research
    Jesse Maida
    Media & Marketing Executive
    US: +1 844 364 1100
    UK: +44 203 893 3200
    Email: media@technavio.com
    Website: www.technavio.com/

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