The automation testing global market report 2024 from The Business Research Company provides comprehensive market statistics, including global market size, regional shares, competitor market share, detailed segments, trends, and opportunities. This report offers an in-depth analysis of current and future industry scenarios, delivering a complete perspective for thriving in the industrial automation software market.
Automation Testing Market, 2024 report by The Business Research Company offers comprehensive insights into the current state of the market and highlights future growth opportunities.
Market Size –
The automation testing market size has grown rapidly in recent years. It will grow from $22.28 billion in 2023 to $25.95 billion in 2024 at a compound annual growth rate (CAGR) of 16.5%. The growth in the historic period can be attributed to increase in software development and releases, demand for faster time-to-market, growing complexity of software applications, need for efficient bug detection and resolution, adoption of agile and devops practices.
The automation testing market size is expected to see rapid growth in the next few years. It will grow to $49.59 billion in 2028 at a compound annual growth rate (CAGR) of 17.6%. The growth in the forecast period can be attributed to expansion of continuous testing in devops pipelines, growth in test automation for mobile and web applications, adoption of codeless test automation solutions, increased focus on test data automation. Major trends in the forecast period include shift-left testing for early bug detection, containerization for scalable test environments, test automation in microservices architecture, adoption of behavior-driven development (bdd) in testing, use of robotic process automation (rpa) for test automation.
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Scope Of Automation Testing Market
The Business Research Company’s reports encompass a wide range of information, including:
1. Market Size (Historic and Forecast): Analysis of the market’s historical performance and projections for future growth.
2. Drivers: Examination of the key factors propelling market growth.
3. Trends: Identification of emerging trends and patterns shaping the market landscape.
4. Key Segments: Breakdown of the market into its primary segments and their respective performance.
5. Focus Regions and Geographies: Insight into the most critical regions and geographical areas influencing the market.
6. Macro Economic Factors: Assessment of broader economic elements impacting the market.
Market Drivers –
The growth in the demand for automation of the testing process is expected to propel the development of the automation testing market. Automation testing provides many benefits like completing routine tasks, quickly discovering faults, accuracy, and continuous feedback, which saves time and personnel and will lead to lower software testing costs. These benefits are prompting businesses to adopt automation testing for their software. Furthermore, digitalization and automation tools assist in lowering the reliance on labor. This enables to automate business processes and create new digitalized testing models by leveraging web-based solutions and cutting-edge technologies such as blockchain, IoT, 5G, cloud computing, robots, AI, and d+B23ata science. For Instance, In December 2021, according to a report on the digitalization of SMEs published by the World Economic Forum, a Switzerland-based non-governmental and lobbying organization indicates that 97% of global companies have accelerated automation technology adoption, including SMEs representing more than 90% across the globe. Therefore, an increase in the demand for automation of the testing process will drive the automation testing market growth.
Market Trends –
Product innovations have emerged as the key trend gaining popularity in the 5G chipset market. The major players in the market are developing innovative products for market growth. For instance, in June 2021, Samsung Electronics, a South Korea-based electronics company, developed 3GPP Rel.16 compliant chipsets, a range of next-generation 5G chipsets that deliver cutting-edge 5G technologies. The new chipsets consist of a second-generation 5G modem System-on-Chip (SoC), a third-generation mmWave Radio Frequency Integrated Circuit (RFIC) chip, and a Digital Front End (DFE)-RFIC integrated chip. These are designed to increase power efficiency, boost performance, and reduce the size of 5G solutions.
The automation testing market covered in this report is segmented –
1) By Component: Testing Type, Services
2) By Type: Functional Testing, Non-Functional Testing
3) By Service: Advisory And Consulting Services, Planning And Development Services, Implementation Services, Managed Services
4) By End-User: IT And Telecommunication, BFSI, Healthcare, Retail, Transportation And Logistics, Avaiation, Hospitality, Government, Energy And Power
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Regional Insights –
North America was the largest region in the automation testing market in 2023. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the automation testing market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
Key Companies –
Major companies operating in the automation testing market report are Accenture plc., AFour Technologies Pvt Ltd., Applitools, Astegic Inc., Broadcom Inc., Capgemini, Cigniti Technologies Ltd., Cygnet Infotech Pvt Ltd., HCL Technologies Limited., Hexaware Technologies Limited., Infosys Limited., International Business Machines Corporation, Keysight Technologies, Mindtree Limited., NTT DATA Group Corporation., Parasoft Corporation, Qualitest Group., Ranorex GmbH., Sauce Labs Inc., SmartBear Software, Tata Consultancy Services Limited., Tech Mahindra Limited., Tricentis LLC., Wipro Limited., Xoriant Solutions Pvt. Ltd., Zensar Technologies Limited., Zycus Inc.
Table of Contents
1. Executive Summary
2. Automation Testing Market Report Structure
3. Automation Testing Market Trends And Strategies
4. Automation Testing Market – Macro Economic Scenario
5. Global Automation Testing Market Size and Growth
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31. Global Automation Testing Market Competitive Benchmarking
32. Global Automation Testing Market Competitive Dashboard
33. Key Mergers And Acquisitions In The Automation Testing Market
34. Automation Testing Market Future Outlook and Potential Analysis
35. Appendix
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