Crowdsourced 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 crowdsourced testing market size has grown rapidly in recent years. It will grow from $2.16 billion in 2023 to $2.38 billion in 2024 at a compound annual growth rate (CAGR) of 10.2%. The growth in the historic period can be attributed to requirement for adopting cost effective software development process, increasing need to fill the in-house skill gap, need for scaling quality assurance of software, need for faster software development cycles, flexibility in testing procedure.
The crowdsourced testing market size is expected to see strong growth in the next few years. It will grow to $3.46 billion in 2028 at a compound annual growth rate (CAGR) of 9.8%. The growth in the forecast period can be attributed to increasing internet penetration, growth of IoT, increasing number of applications and operating systems, growing number of digital devices, rising demand for digital transformation. Major trends in the forecast period include innovation of end-user testing solutions, product innovation, technological advancements, adoption of advanced technologies such as cloud computing, business expansion.
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Scope Of Crowdsourced Testing Market
The Business Research Company’s reports encompass a wide range of information, including:
- Market Size (Historic and Forecast): Analysis of the market’s historical performance and projections for future growth.
- Drivers: Examination of the key factors propelling market growth.
- Trends: Identification of emerging trends and patterns shaping the market landscape.
- Key Segments: Breakdown of the market into its primary segments and their respective performance.
- Focus Regions and Geographies: Insight into the most critical regions and geographical areas influencing the market.
- Macro Economic Factors: Assessment of broader economic elements impacting the market.
Crowdsourced Testing Market Overview
Market Drivers –
The increasing internet penetration is expected to propel the growth of the crowdsourced testing market going forward. The rise of remote work, online shopping, e-commerce platforms, and online learning highlighted the demand for internet connectivity. Crowdsourced testing provides valuable insights into how internet connections perform in real-world scenarios, including during peak usage times, in different geographical locations, and with various network providers. This approach involves leveraging a diverse pool of testers from other places to evaluate software under realistic conditions, including network performance testing. For instance, in November 2022, according to a report published by the International Telecommunication Union, a Switzerland-based specialized agency, around 5.3 billion individuals, representing 66% of the world’s population, were estimated to be internet users in 2022. This indicates a growth rate of 6.1% compared to 2021. Therefore, increasing internet penetration is driving the growth of the crowdsourced testing market.
Market Trends –
Major companies operating in the crowdsourced testing market are developing advanced technologies such as crowdsourcing platforms. A crowdsourcing platform is a digital space where individuals or organizations can engage with a global community of problem solvers to address various challenges, tasks, or projects. For instance, in December 2023, Tech Mahindra, an India-based information technology services and consulting company, launched Populii. This platform connects gig workers with leading organizations to collaborate on micro-jobs. The platform offers flexible work options for gig workers while giving businesses trustworthy data from skilled professionals. Populii provides numerous opportunities for gig workers to work in data management, microtasks, and user research with industry-leading companies. The crowdsourcing platform aligns with Tech Mahindra’s NXT.NOW philosophy, prioritizing the ‘Human Centric Experience’ and investing in emerging technologies to promote digital transformation and address changing customer needs.
The crowdsourced testing market covered in this report is segmented –
1) By Component: Platform, Services
2) By Deployment Mode: Cloud, On-Premises
3) By Type: Exploratory Testing, Graphical User Interface (GUI) Testing, Usability Testing, Functional Testing, Performance Testing, Other Testing Types
4) By Application: Mobile Applications, Web Applications, Native Desktop Applications
5) By End-User: Banking, Financial Services, And Insurance (BFSI), IT And Telecom, Retail, Healthcare And Life Sciences, Media And Entertainment, Other End-Users
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Regional Insights –
North America was the largest region in the crowdsourced testing market in 2023. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the crowdsourced testing market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
Key Companies –
Major companies operating in the crowdsourced testing market are Infosys Limited, EPAM Systems Inc., MSG Systems AG, Flatworld Solutions Pvt. Ltd., Computer Task Group Inc. (CTG), Qualitest Inc., Cigniti Technologies Ltd., Bugcrowd Inc., test IO Inc., Testbirds GmbH, Synack, Testlio Inc., ImpactQA, Global App Testing, Rainforest QA Inc., Digivante Ltd., Qualitrix Technologies Pvt. Ltd., Ubertesters Inc., MyCrowd, Crowd4Test, TestUnity, Test Yantra Software Solutions, QA Mentor Inc., Cobalt Labs Inc., Applause App Quality Inc., Crowdsprint Pty Ltd
Table of Contents
- Executive Summary
- Crowdsourced Testing Market Report Structure
- Crowdsourced Testing Market Trends And Strategies
- Crowdsourced Testing Market – Macro Economic Scenario
- Crowdsourced Testing Market Size And Growth
…..
- Crowdsourced Testing Market Competitor Landscape And Company Profiles
- Key Mergers And Acquisitions
- Future Outlook and Potential Analysis
- Appendix
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