Comprehensive Application Testing Services Market Forecast 2023-2032: Growth Rate, Drivers, And Trends

The Application Testing Services Global Market Report 2023 by The Business Research Company, provides application testing services market overview across 60+ geographies in the seven regions – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa for the 27 major global industries. The report covers a ten-year historic period – 2010-2021, and a ten-year forecast period – 2023-2032.

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According to The Business Research Company’s Application Testing Services Global Market Report 2023, the global application testing services market size will grow from $38.17 billion in 2022 to $42.87 billion in 2023 at a compound annual growth rate (CAGR) of 12.3%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The market size of the application testing services is expected to grow to $66.59 billion in 2027 at a CAGR of 11.6%.

Digital transformations of businesses are expected to propel the growth of the application testing services market going forward. “Digital transformation” refers to the integration of digital technology across all functional areas of a company that helps to improve efficiency, value, and innovations in the organization. Digital transformations help reduce manual efforts in application testing by providing faster feedback and minimising the time to release the products and services into the market.

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The application testing services market is segmented:

1) By Testing Type: Functionality Testing, Usability Testing, Performance Testing, Compatibility Testing, Security Testing, Compliance Testing, Automation Testing, Other Testing Types

2) By Organization Size: Small and Medium Enterprises, Large Enterprises

3) By Service Type: Professional Services, Managed Services

4) By Delivery Model: Onshore, Offshore, Nearshore, Onsite

5) By Vertical: Telecom and IT, BFSI, Healthcare and Life Sciences, Government and Public Sector, Media and Entertainment, Manufacturing, Retail, Energy and Utilities, Logistics and Transportation, Other Verticals

Strategic partnerships are a key trend gaining popularity in the application testing services market. Many companies operating in the application testing services market are undergoing partnerships to strengthen their position in the market. For instance, in February 2020, Applause, a US-based testing and digital quality company, partnered with Infosys Limited, an India-based information technology company. This partnership aims to launch digital testing services for clients and provide broader end-to-end digital experience testing services to clients. The partnership combines Applause’s white-glove crowd testing approach with Infosys’ behind-the-firewall validation to achieve real outcomes for clients in three emphasis areas: improving customer intimacy, accelerating development, and providing high-quality digital experiences. Furthermore, in May 2022, BT Group plc, a UK-based telecommunications company, partnered with MTN Group Limited, a South African-based telecommunications company. The partnership would provide managed connectivity, cloud security, and voice services to MTN Business clients, which is a significant new overseas endeavour for BT. Despite being marketed as an MTN corporate initiative, it appears the South African division is in charge.

The application testing services market report table of contents includes:

1. Executive Summary
2. Market Characteristics
3. Market Trends And Strategies
4. Impact Of COVID-19
5. Market Size And Growth
6. Segmentation
7. Regional And Country Analysis

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27. Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis

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