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Software Testing Services Market: Driver
The growing demand for mobile testing is expected to boost the growth of the global software testing services market during the forecast period. Mobile applications have become an indispensable part of most business entities. They serve many purposes, such as easy interaction with customers, promotion of new products and services, and enhancing customer satisfaction. Mobile testing has evolved to ensure the quality of an enterprise's products or services. It comprises the redressal of mobile woes and enables the enterprise to test for and prevent any type of failure in the program. Mobile testing involves install/uninstall testing, screen orientation testing, gesture testing, device compatibility testing, connectivity testing, and UI/UX testing.
Software Testing Services Market: Trend
The growing momentum of crowdsourced testing is a major trend supporting the software testing services market share growth. Crowdsourced testing is one of the emerging trends in the software testing space. It refers to the testing services offered by a dispersed community of temporary workers across the world. It offers a significant testing method for the verification of applications in the later stages of software development. Crowdsourced testing offers many benefits, such as scalability, speed, output-based pricing, device coverage, geography coverage, and real-time testing of software. The popularity of crowdsourced testing has been increasing continuously due to its benefits. During the forecast period, crowdsourced testing will gain more traction, and it is expected that other leading software testing service providers may enter this field through inorganic developments.
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Software Testing Services Market: Segmentation Analysis
The software testing services market segmentation by product (application testing and product testing), end-user (BFSI, telecom and media, manufacturing, retail, and others), and geography (North America, Europe, APAC, and South America).
- Revenue Generating Segment -The software testing services market share growth by the BFSI segment will be significant for revenue generation. The rapid transformation in terms of updates in legacy IT infrastructure to implement new and advanced technologies that cater to consumers' needs is one of the key factors that will drive the growth of the segment in the market.
- Regional Analysis - 42% of the market's growth will originate from North America during the forecast period. US and Canada are the key markets for software testing services in North America. Market growth in this region will be slower than the growth of the market in the South American and APAC regions. The increasing demand for software development and applications will facilitate the software testing services market growth in North America over the forecast period.
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What our reports offer:
- Market share assessments for the regional and country-level segments
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- Covers market data for 2020, 2021, till 2025
- Market trends (drivers, opportunities, threats, challenges, investment opportunities, and recommendations)
- Strategic recommendations in key business segments based on the market estimations
- Competitive landscaping mapping the key common trends
- Company profiling with detailed strategies, financials, and recent developments
- Supply chain trends mapping the latest technological advancements
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Software Testing Services Market 2021-2025: Key Highlights
- CAGR of the market during the forecast period 2021-2025
- Detailed information on factors that will assist in software testing services market growth during the next five years
- Estimation of the software testing services market size and its contribution to the parent market
- Predictions on upcoming trends and changes in consumer behavior
- The growth of the software testing services market
- Analysis of the market's competitive landscape and detailed information on vendors
- Comprehensive details of factors that will challenge the growth of the software testing services market, vendors
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Software Testing Services Market Scope |
Report Coverage |
Details |
Page number |
120 |
Base year |
2020 |
Forecast period |
2021-2025 |
Growth momentum & CAGR |
Accelerate at a CAGR of 12% |
Market growth 2021-2025 |
USD 34.49 billion |
Market structure |
Fragmented |
YoY growth (%) |
11.92 |
Performing market contribution |
North America at 42% |
Competitive landscape |
Leading companies, competitive strategies, consumer engagement scope |
Companies profiled |
Accenture Plc, Atos SE, Capgemini SE, Cognizant Technology Solutions Corp., DXC Technology Co., HCL Technologies Ltd., International Business Machines Corp., Infosys Ltd., Tata Consultancy Services Ltd., and Wipro Ltd. |
Market Dynamics |
Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and future consumer dynamics, market condition analysis for the forecast period, |
Customization purview |
If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized. |
Table of Content
1. Executive Summary
2. Market Landscape
2.1 Market ecosystem
Exhibit 01: Parent market
Exhibit 02: Market Characteristics
2.3 Value chain analysis
3. Market Sizing
3.1 Market definition
Exhibit 03: Product / Service portfolio of key vendors included in the market definition
3.2 Market segment analysis
Exhibit 04: Market segments
3.3 Market size 2019
3.4 Market outlook: Forecast for 2019 - 2024
Exhibit 05: Global - Market size and forecast 2019 - 2024 ($ billion)
Exhibit 06: Global market: Year-over-year growth 2019 - 2024 (%)
4. Five Forces Analysis
4.1 Five Forces Summary
Exhibit 07: Five forces analysis 2019 & 2024
4.2 Bargaining power of buyers
4.3 Bargaining power of suppliers
4.4 Threat of new entrants
4.5 Threat of substitutes
4.6 Threat of rivalry
4.7 Market condition
Market condition - Five forces 2020
5. Market Segmentation by Product
The segments covered in this chapter are:
- Application testing
- Product Testing
Here Application testing has the maximum growth while product testing has the lowest growth.
5.1 Market segments
Exhibit 14: Product - Market share 2019-2024 (%)
5.2 Comparison by Product
Exhibit 15: Comparison by Product
5.3 Application testing - Market size and forecast 2019-2024
Exhibit 16: Application testing - Market size and forecast 2019-2024 ($ billion)
Exhibit 17: Application testing - Year-over-year growth 2019-2024 (%)
5.4 Product testing - Market size and forecast 2019-2024
Exhibit 18: Product testing - Market size and forecast 2019-2024 ($ billion)
Exhibit 19: Product testing - Year-over-year growth 2019-2024 (%)
Market opportunity by Type
Exhibit 20: Market opportunity by Product
6. Market Segmentation by End-user
6.1 Market segments
Exhibit 21: End-user - Market share 2019-2024 (%)
The segments covered in this chapter are:
- BFSI
- Telecom & Media
- Manufacturing
- Others
- Retail
Here BFSI has the maximum growth while product manufacturing, retail, telecom and media and others has the lowest growth.
6.2 Comparison by End-user
Exhibit 22: Comparison by End-user
6.3 BFSI - Market size and forecast 2019-2024
Exhibit 23: BFSI - Market size and forecast 2019-2024 ($ billion)
Exhibit 24: BFSI - Year-over-year growth 2019-2024 (%)
6.4 Telecom and media - Market size and forecast 2019-2024
Exhibit 25: Telecom and media - Market size and forecast 2019-2024 ($ billion)
Exhibit 26: Telecom and media - Year-over-year growth 2019-2024 (%)
6.5 Manufacturing - Market size and forecast 2019-2024
Exhibit 27: Manufacturing - Market size and forecast 2019-2024 ($ billion)
Exhibit 28: Manufacturing - Year-over-year growth 2019-2024 (%)
6.6 Retail - Market size and forecast 2019-2024
Exhibit 29: Retail - Market size and forecast 2019-2024 ($ billion)
Exhibit 30: Retail - Year-over-year growth 2019-2024 (%)
6.7 Others - Market size and forecast 2019-2024
Exhibit 31: Others - Market size and forecast 2019-2024 ($ billion)
Exhibit 32: Others - Year-over-year growth 2019-2024 (%)
6.8 Market opportunity by End-user
Exhibit 33: Market opportunity by End-user
7. Customer landscape
Technavio's customer landscape matrix comparing Drivers or price sensitivity, Adoption lifecycle, importance in customer price basket, Adoption rate and Key purchase criteria
Exhibit 34: Customer landscape
8. Geographic Landscape
The regions covered in the report are:
- North America
- Europe
- APAC
- South America
- MEA
North America was the largest region of the market in 2019
8.1 Geographic segmentation
Exhibit 35: Market share by geography 2019-2024 (%)
8.2 Geographic comparison
Exhibit 36: Geographic comparison
8.3 North America - Market size and forecast 2019-2024
Exhibit 37: North America - Market size and forecast 2019-2024 ($ billion)
Exhibit 38: North America - Year-over-year growth 2019-2024 (%)
8.4 Europe - Market size and forecast 2019-2024
Exhibit 39: Europe - Market size and forecast 2019-2024 ($ billion)
Exhibit 40: Europe - Year-over-year growth 2019-2024 (%)
8.5 APAC - Market size and forecast 2019-2024
Exhibit 41: APAC - Market size and forecast 2019-2024 ($ billion)
Exhibit 42: APAC - Year-over-year growth 2019-2024 (%)
8.6 South America - Market size and forecast 2019-2024
Exhibit 43: South America - Market size and forecast 2019-2024 ($ billion)
Exhibit 44: South America - Year-over-year growth 2019-2024 (%)
8.7 MEA - Market size and forecast 2019-2024
Exhibit 45: MEA - Market size and forecast 2019-2024 ($ billion)
Exhibit 46: MEA - Year-over-year growth 2019-2024 (%)
8.8 Key leading countries
Exhibit 47: Key leading countries
8.9 Market opportunity by geography
Exhibit 48: Market opportunity by geography ($ billion)
9. Drivers, Challenges, and Trends
9.1 Market drivers
9.1.1 Increasing adoption of mobile testing
9.1.2 Availability of cloud-based software testing services
9.1.3 Rise in test automation services
9.2 Market challenges
9.2.1 Availability of open-source and free testing tools
9.2.2 Security concerns with regard to outsourced testing services
9.2.2 Security concerns with regard to outsourced testing services
Exhibit 49: Impact of drivers and challenges
9.3 Market trends
9.3.1 Growing momentum of crowdsourced testing
9.3.2 Use of AI and ML in software testing process
9.3.3 Increase in adoption of Agile testing
10. Vendor Landscape
10.1 Vendor landscape
10.2 Landscape disruption
Exhibit 50: Landscape disruption
Exhibit 51: Industry risks
11. Vendor Analysis
11.1 Vendors covered
Exhibit 52: Vendors covered
11.2 Market positioning of vendors
Exhibit 53: Market positioning of vendors
11.3 Accenture Plc
Exhibit 54: Accenture Plc - Overview
Exhibit 55: Accenture Plc - Business segments
exhibit 56: Accenture Plc - Key news
Exhibit 57: Accenture Plc - Key offerings
Exhibit 58: Accenture Plc - Segment focus
11.4 Atos SE
Exhibit 59: Atos SE - Overview
Exhibit 60: Atos SE - Business segments
Exhibit 61: Atom SE – Kew news
Exhibit 62: Atos SE - Key offerings
Exhibit 63: Atos SE - Segment focus
11.5 Capgemini SE
Exhibit 64: Capgemini SE - Overview
Exhibit 65: Capgemini SE - Business segments
Exhibit 66: Capgemini SE – Key news
Exhibit 67: Capgemini SE - Key offerings
Exhibit 68: Capgemini SE - Segment focus
11.6 Cognizant Technology Solutions Corp.
Exhibit 69: Cognizant Technology Solutions Corp. - Overview
Exhibit 70: Cognizant Technology Solutions Corp. - Business segments
Exhibit 70: Cognizant Technology Solutions Corp. - Business segments
Exhibit 72: Cognizant Technology Solutions Corp. - Key offerings
Exhibit 73: Cognizant Technology Solutions Corp. - Segment focus
11.7 DXC Technology Co.
Exhibit 74: DXC Technology Co. - Overview
Exhibit 75: DXC Technology Co. - Business segments
Exhibit 76: DXC Technology Co. – Key news
Exhibit 77: DXC Technology Co. - Key offerings
Exhibit 78: DXC Technology Co. - Segment focus
11.8 HCL Technologies Ltd.
Exhibit 79: HCL Technologies Ltd. - Overview
Exhibit 80: HCL Technologies Ltd. - Business segments
Exhibit 81: HCL Technologies Ltd. – Key news
Exhibit 82: HCL Technologies Ltd. - Key offerings
Exhibit 83: HCL Technologies Ltd. - Segment focus
11.9 International Business Machines Corp.
Exhibit 84: International Business Machines Corp. - Overview
Exhibit 85: International Business Machines Corp. - Business segments
Exhibit 86: International Business Machines Corp. – Key news
Exhibit 87: International Business Machines Corp. - Key offerings
Exhibit 88: International Business Machines Corp. - Segment focus
11.10 Infosys Ltd.
Exhibit 89: Infosys Ltd. - Overview
Exhibit 90: Infosys Ltd. - Business segments
Exhibit 90: Infosys Ltd. – Key news
Exhibit 90: Viasat Inc. - Key offerings
Exhibit 91: Viasat Inc. - Segment focus
Exhibit 92: Infosys Ltd. - Key offerings
Exhibit 93: Infosys Ltd. - Segment focus
11.11 Tata Consultancy Services Ltd.
Exhibit 94: Tata Consultancy Services Ltd. - Overview
Exhibit 95: Tata Consultancy Services Ltd. - Business segments
Exhibit 96: Tata Consultancy Services Ltd. – Key news
Exhibit 97: Tata Consultancy Services Ltd. - Key offerings
Exhibit 98: Tata Consultancy Services Ltd. - Segment focus
11.12 Wipro Ltd.
Exhibit 99: Wipro Ltd. - Overview
Exhibit 100: Wipro Ltd. - Business segments
Exhibit 101: Wipro Ltd. – Key news
Exhibit 102: Wipro Ltd. - Key offerings
Exhibit 103: Wipro Ltd. - Segment focus
12. Appendix
12.1 Scope of the report
12.1.1 Market definition
12.1.2 Objectives
12.1.3 Notes and caveats
12.2 Currency conversion rates for US$
Exhibit 104: Currency conversion rates for US$
12.3 Research Methodology
Exhibit 105: Research Methodology
Exhibit 106: Validation techniques employed for market sizing
Exhibit 107: Information sources
12.4 List of abbreviations
Exhibit 108: List of abbreviations
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