Testing Software Global Market By Component, By Testing Type, By Organization Size, By Interface, By Vertical, By Region Forecast 2023-2032 | Capgemini SE, IBM Corporation, Wipro Limited, Infosys Limited, Atos SE

Testing Software Market

The Testing Software Global Market Report 2023 by The Business Research Company, provides testing software 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 Testing Software Global Market Report 2023, the market size is expected to grow from $48.77 billion in 2022 to $52.79 billion in 2023 at a compound annual growth rate (CAGR) of 8.2%. 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 testing software is expected to grow to $70.69 billion in 2027 at a CAGR of 7.6%.

The surging adoption of smart consumer products is expected to propel the growth of the testing software market going forward. Smart consumer products refer to devices that are connected to the internet, developed for consumers, and can exchange data about themselves, their surroundings, and their users. Automation of software testing is a crucial component of the foundation for smart product online activities. It’s a crucial area that takes a lot of attention from individuals in software testing roles online.

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The testing software market is segmented:

1) By Type: System Integrator, Pureplay Software Testing

2) By Component: Application Testing, Services

3) By End-User: BFSI, IT And Telecom, Life Sciences and Healthcare, Manufacturing, Energy and Utilities, Retail, Consumer Goods, Logistics, Other End Users

Technological innovations are a key trend gaining popularity in the testing software market. Major players in the market are creating technologically innovative products to sustain their position in the market. For instance, in October 2020, Applications Software Technology, a US-based systems integrator company, announced the release of version 3.0 of the Autonomous Cloud Tester tool. The unique feature enables organizations to speed up their release, patch, and upgrade test cycles for the entire range of Cloud Applications and cloud-based software. It reduces patch testing time by up to 85%, and broadens the range of customer application footprints that will profit from the service. Organizations can play and pause test results and watch automated processes in action owing to testing execution results that are automatically output in MP4 video format.

The testing software market report table of contents includes: