The cloud 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.
Cloud 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 cloud testing market size has grown rapidly in recent years. It will grow from $12.29 billion in 2023 to $13.97 billion in 2024 at a compound annual growth rate (CAGR) of 13.6%. The growth in the historic period can be attributed to the expansion of businesses globally, the rise of DevOps practices, the surge in mobile application development, the increasing adoption of IoT devices, cost efficiency, need for scalability and flexibility.
The cloud testing market size is expected to see rapid growth in the next few years. It will grow to $22.71 billion in 2028 at a compound annual growth rate (CAGR) of 12.9%. The growth in the forecast period can be attributed to increasing adoption of cloud services, growing emphasis on security testing in the cloud, increased demand for cloud testing solutions that address regulatory requirements, the increasing complexity of applications. Major trends in the forecast period include artificial intelligence (AI) and machine learning (ML) integration, edge computing expansion, 5G technology rollout, hybrid and multi-cloud strategies, cybersecurity prioritization, remote work optimization.
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Scope Of Cloud 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.
Cloud Testing Market Overview
Market Drivers –
The increasing cloud adoption is expected to propel the growth of the cloud testing market in the coming years. Cloud adoption is increasing due to its cost-effectiveness, scalability, and accessibility. Cloud testing guarantees that applications are expandable, cost-effective, and cross-platform validated while optimizing resource use and enhancing quality assurance procedures. For instance, in January 2023, according to the 2022 State of DevOps Study by Google Cloud Platform’s DevOps Research and Assessment (DORA) team, a US-based cloud computing service, 26% of the population reported using several public clouds, compared to 21% in 2021. Further, hybrid cloud utilization has also intensified, from 25% in 2021 to 42.5% in 2022. Additionally, 76% of users reported using the public cloud, encompassing several clouds, up from 56% in 2021. Therefore, increasing cloud adoption is driving the cloud testing market.
Market Trends –
Major companies operating in the cloud testing market focus on developing products with innovative technologies, such as Test Suite for Google Cloud, to strengthen their position in the market. This comprehensive suite of tests is designed to monitor and evaluate the performance, availability, and reliability of end-to-end cloud services. For instance, in January 2024, Catchpoint Systems, Inc., a US-based Internet resilience company, launched the Test Suite for Google Cloud. Test Suite for Google Cloud is a tool that simplifies end-to-end tracking of Google Cloud services from various customer-specified endpoints, such as customer foundations, other public clouds, and Internet endpoints. This suite is intended primarily to expedite the configuration and maintenance of cloud service testing, resulting in rapid operational efficiency and user experience enhancements. The Test Suite for Google Cloud enables IT organizations to promptly create different evaluations for Google Cloud services, leveraging Google Cloud and catchpoint best practices for fast issue discovery and troubleshooting. Its design prioritizes reducing complexity and time investment for successful Google Cloud service tracking, making it incredibly user-friendly for beginners.
The cloud testing market covered in this report is segmented –
1) By Component: Testing Platforms And Tools, Services
2) By Organization Size: Small And Medium Enterprises, Large Enterprises
3) By End User: Retail And E-commerce, Transportation, Information Technology And Telecom, Banking Financial Services And Insurance (BFSI), Media And Entertainment, Other End Users
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Regional Insights –
North America was the largest region in the cloud testing market in 2023. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the cloud testing market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
Key Companies –
Major companies operating in the cloud testing market are Microsoft Corporation, Dell Inc., Amazon Web Services Inc., HP Inc., Accenture plc, The International Business Machines Corporation, Cisco Systems Inc., Oracle Corporation, Tata Consultancy Services Limited, Salesforce Inc., Google Cloud Platform, Capgemini SE, NTT DATA Corporation, Cognizant Technology Solutions Corp, Infosys Limited, DXC Technology Company, VMware Inc., Atos SE, HCL Technologies Limited, Wipro Ltd., CGI Inc., Tech Mahindra Ltd., EPAM Systems Inc., Softtek, Rackspace Technology Inc., Mphasis Limited, Virtusa Corporation, Mindtree Limited, Hexaware Technologies, Zensar Technologies Ltd.
Table of Contents
1. Executive Summary
2. Cloud Testing Market Report Structure
3. Cloud Testing Market Trends And Strategies
4. Cloud Testing Market – Macro Economic Scenario
5. Cloud Testing Market Size And Growth
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27. Cloud Testing Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix
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