Global Software Testing Services Market 2016-2020 - What are the Market Opportunities and Threats Faced by the Vendors in the Global Software Testing Services Market?

Jan 07, 2016, 02:45 ET from Research and Markets

DUBLIN, January 7, 2016 /PRNewswire/ --

Research and Markets (http://www.researchandmarkets.com/research/gj9hct/global_software) has announced the addition of the "Global Software Testing Services Market 2016-2020" report to their offering. 

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The global software testing services market to grow at a CAGR of close to 11% during the forecast period

One of the key drivers for the growth of the market is the growing popularity of crowdsourced testing. Crowdsourcing is a collective effort from people working in different locations on a single online project. Crowdsourced testing has gained immense popularity over the years because it is the only testing process that offers real-time feedback on product development, provide insights about the quality of the product, and helps tester detect bugs and defects over the software testing life cycle.

Industry-specific testing services offerings is another significant trend that is envisaged to propel the growth of the software testing services market during the forecast period. Recent developments have driven companies to align testing services into vertical specializations, which has gained popularity over the years. For instance, Infosys, one of the key players in the global software development market, offers testing services through various specialized practices, such as healthcare, insurance, and retail validation and testing practice.

At present, the application testing services segment dominates the software testing services market, with a market share of over 88%. The growth of this segment is projected to continue over the next five years due to an increase in application verticalization specific to a concentrated user base. The growing consumerization of IT has encouraged companies to develop versatile applications to strengthen their presence and engage customers.

Product segmentation and analysis of the software testing services market  

- Application testing services 
- Product testing services 

Segmentation by end-users and analysis of the software testing services market 

- BFSI
- Financial services 
- Media 
- Telecommunications 
- Others 

The top vendors in the market are 

- Accenture 
- Capgemini 
- IBM
- Wipro 

Key Topics Covered: 

Part 01:Executive summary

Part 02:Scope of the report

Part 03:Market research methodology

Part 04:Introduction

Part 05:Market landscape

Part 06:Market segmentation by application

Part 07:Market segmentation by end-user

Part 08:Geographical segmentation

Part 09:Market drivers

Part 10:Impact of drivers

Part 11:Market challenges

Part 12:Impact of drivers and challenges

Part 13:Market trends

Part 14:Vendor landscape

Part 15:Key vendor analysis

Part 16:Appendix 

For more information visit http://www.researchandmarkets.com/research/gj9hct/global_software

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