December 02, 2020
According to the recent research report titled ‘Software Testing Market Size By Component, By Application, Industry Analysis Report, Regional Outlook, Application Potential, Competitive Market Share & Forecast, 2020 – 2026’, available with Market Study Report LLC, global software testing market is anticipated to grow substantially and reach a valuation of USD 60 billion by the year 2026.
Increasing consumption of mobile based applications, growing adoption of DevOps, machine learning (ML) and artificial intelligence (AI), and rapid digitalization in developing countries are the key factors driving the growth of global software testing market.
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Software testing in healthcare applications allows for improved user interface of various patients. Thus, escalating healthcare applications owing to surging customer demand for digital diagnosis is also contributing to the overall market outlook. However, lack of professionals is likely to hamper the remuneration scale of the industry over the study period.
According to the report, integrating testing accounts for major share of global software testing market. This type of testing is conducted post unit testing, where a single unit is combined and tested in the group. The primary purpose of performing integration testing is to unveil faults and defects in the interaction among equipped components and units.
Surging demand for mobile & web applications has boosted the incorporation of artificial intelligence (AI) into the software testing services in order to improve the accuracy and provide high-quality software solutions in the market. In fact, numerous organizations are adopting several business tactics to implement AI to accelerate their service performance and decrease the time for processing, thereby stimulating global software testing industry expansion.
From the regional perspective, North America currently holds a major share of global software testing industry and is expected to record a substantial growth through 2026, on account of strong presence of software development firms in the region.
Meanwhile, Asia Pacific software testing industry is growing at a decent pace and is likely to display similar growth trends in the ensuing years. Focus among major players towards establishing their respective footprint in the region coupled with growing online retail sector in India and China are facilitating the business scenario in Asia-Pacific.
Major players impacting global software testing market dynamics are Wipro Ltd., Tech Mahindra Ltd., Tata Consulting Services Ltd., SQS India Infosystems Pvt. Ltd., Qualitest, NTT Data Corporation, Infosys Ltd., IBM Corporation, Hewlett Packard Enterprise (HPE) Company, HCL Technologies, Computer Science Corp., Cognizant, Cigniti Technologies Ltd., CGI Inc., Capgemini SE, Atos, Amdocs, and Accenture plc.