Application Testing Services Market Driven By Demand Surge to Grow Exceptionally

Market Insights

The proliferation of IT technology in nearly every sector across the globe has given rise to a unique problem. The maintain the functionality and productivity of business applications, many organizations require application testing services to ensure everything is working optimally. Market Research Future has examined the market closely to find that the global application testing services market is expected to grow at a CAGR of 11% during the assessment period from 2017 to 2023, resulting in a market value of USD 48 Bn by the end of 2023.

The growth of big data, big data analytics, mobility, cloud, and several other applications is driving the global applications testing services market. Big data is vital in the verification of large volumes of data as well as for testing. Additionally, with the proliferation of cloud platforms, it is easier to pick the correct testing tools and techniques for testing in a hybrid environment. Use of application testing services can have several benefits to an organization, primarily the notable increase in productivity through the use of test automation services. Applications testing services help optimize IT spending and have faster time-to-market among others. Moreover, applications test services help an organization leverage its reusable assets and help guarantee returns on investment. Software testing solutions have been becoming increasingly advanced  and can help an organization enhance the quality and reliability of service.

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Market Segmentation

The global application testing services market has been segmented in MRFR’s report on the basis of service type, testing type, delivery model, organization size, vertical and region. Service type has been segmented into managed services and professional services.

Testing type has been segmented to include security testing, compatibility testing, functionality testing, automation testing, usability testing, performance testing, compliance testing, and others.

Delivery model has been segmented into onsite, onshore, offshore, and nearshore.

Organization size has bee divided primarily into small & medium enterprises (SME) and large enterprises.

Verticals, where application testing services are employed, have been segmented to include BFSI, telecom & IT, retail, media & entertainment, manufacturing, government, healthcare, and others.

Regional Analysis

Regions of note covered in the report include Europe, Asia Pacific, North America and the Rest of the World. Among these, North America has become established as the market leader across the globe. Application testing services are widely used in a variety of end-use industries in the developed economies of North America. Europe is another significant region in the global market due to the rapid growth expected in the region as Europe as a similar growth pattern to that of North America. The Asia Pacific is expected to grow at the highest CAGR during the upcoming forecast period. Emerging economies like Japan, India, and China are witnessing rapid growth due to the increased awareness of consumers as well as the growing demand for high-quality products and services due to the increase in buying power will have a positive impact on the global application testing services market. This is pushing businesses to carry out applications testing services regularly to maintain the smooth function of applications.

Key Players

MRFR’s analysis of the competitive roles of leading players in the market include market participants such as Wipro Limited (India), Cognizant (U.S.), Xoriant Corporation (U.S.), HCL Technologies Limited (India), Tata Consultancy Services Limited (India), Accenture PLC (Ireland), Capgemini SE (France), International Business Machines Corporation (U.S.), Infosys Limited (India), RapidValue Solutions (U.S.).

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