Global Outsourced Software Testing Market to Grow 10.8% by 2020 - Shift to Business Outcome-based Metrics - Research and Markets

DUBLIN, August 17, 2016 /PRNewswire/ --

Research and Markets has announced the addition of the "Global Outsourced Software Testing Market 2016-2020" report to their offering.

The report forecasts the global outsourced software testing market to grow at a CAGR of 10.8% during the period 2016-2020.

The report has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.

Shift to business outcome-based metrics will be a key trend for market growth. Over the past five years, industries, such as telecom, automotive, manufacturing, and BFSI, have been increasingly shifting to business outcome-based metrics. Software vendors offer outcome-based pricing models to clients that guarantee pricing levels benchmarked to service performance. These types of models are offered to clients that have long-term relationships with the company, and where testing services have reached a stage in which outcome criteria can be defined clearly. Outcome-based services include the impact on end-customer satisfaction, revenue of clients, time-to-market, and test life cycles. TaaS is quickly growing in popularity as it meets the requirements of the evolving IT landscape dominated by cloud, big data, and mobility technologies.

According to the report, adoption of specialized testing will be a key driver for market growth. The software testing industry has been undergoing a series of change in service offerings, business innovation, and engagement models. Companies are expanding their service portfolios from traditional functional testing to specialized testing following the popularity of SMAC technologies among enterprises.

Security, mobile, Big Data, cloud, service-oriented architecture (SOA), SAP/Oracle, enterprise resource planning, and performance monitoring testing are the key focus areas for companies that build specialized testing teams. These technologies have become a value creator and feature differentiator for end products. The rise in test-driven developments has encouraged vendors to offer position testing as a stand-alone service that helps companies to create distinct value propositions at low costs.

Further, the report states that carrying out labor-intensive processes will be a challenge for the market.

Key vendors:

• Accenture
• Capgemini
• IBM
• TCS
• Tech Mahindra
• 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 product

PART 07: Geographical segmentation

PART 08: Market drivers

PART 09: Impact of drivers

PART 10: Market challenges

PART 11: Impact of drivers and challenges

PART 12: Market trends

PART 13: Vendor landscape

PART 14: Key vendor analysis

PART 15: Appendix

For more information about this report visit http://www.researchandmarkets.com/research/7xlh95/global_outsourced

Related Topics: Consulting and Outsourcing , Software Testing

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