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Global Software Testing Services Market, Forecast to 2024
Diversification of Business Models and the Rise of Intelligent Test Automation are Set to Double the Market Size Over the Forecast Period
22-May-2019
Global
Market Research
K311-01-00-00-00
TM00587-GL-MR_23201
$4,950.00
Special Price $3,712.50 save 25 %
This Frost & Sullivan research service analyzes the global software testing services market in detail for the period covering 2015 to 2024, with 2018 as the base year. It examines testing services offered to clients across a number of end-user verticals and provides a competitive analysis of the global market participants, including their market shares. Regional analyses are provided for North America, Europe, Middle East and Africa (EMEA), Asia-Pacific (APAC), and Latin America (LATAM). This study also includes a dedicated chapter on the Indian market. This research examines key growth drivers, restraints, and end-user verticals in each region, and provides forecasts for each end-user vertical. It also highlights future growth opportunities and the strategic imperatives that need to be undertaken by market participants in order to capitalize on these growth opportunities. Further, it also includes a CEO's 360 degree perspective.
Research Highlights
In this research service, Frost & Sullivan's analysts examine the combination of application testing and product testing services offered to clients in the following end-user verticals:
- Banking, Financial Services, and Insurance (BFSI)
- IT and Telecom
- Lifesciences and Healthcare
- Manufacturing
- Energy and Utilities
- Retail, consumer goods, and logistics
- Others (public sector, transport, travel and hospitality, e-learning, and gaming)
The global software testing services market has been consistently posting double-digit growth and will continue to do so over the forecast period, as end-user demand for specialized testing services continues to rise. While the appeal of traditional testing services is on the decline, the rapid pace of technological advancement and evolving business needs necessitate the use of specialized testing services, especially against the backdrop of digital transformation that is evident across a number of end-user verticals. The evolution of traditional business models to pay-as-you-use business models enhances the appeal of testing services to end users, particularly those with sporadic or seasonal testing needs. With flexibility in pricing, and end-to-end customization offered by testing vendors, a new wave of growth in the software testing services market is evident. Within the ambit of application testing, security testing is another service that is growing by leaps and bounds. With strong double-digit growth expected owing to the shift left philosophy adopted by testing vendors and end users alike, these services are no longer viewed as a premium offering and are considered essential aspects in the software development lifecycle. With artificial intelligence (AI)-based solutions poised to capture the market owing to their ability to use predictive analytics to reduce testing times and efforts, the software testing services market is expected to more than double in size over the forecast period.
Key Findings
Market Engineering Measurements
Executive Summary—CEO’s Perspective
Market Overview—Market Definitions
Market Overview—Market Definitions (continued)
Market Overview—Geographic Scope
Market Overview—Research Scope
Market Overview—Key Questions this Study will Answer
Market Segmentation
Market Segmentation (continued)
Market Drivers
Drivers Explained
Drivers Explained (continued)
Drivers Explained (continued)
Drivers Explained (continued)
Drivers Explained (continued)
Market Restraints
Restraints Explained
Restraints Explained (continued)
Restraints Explained (continued)
Market Engineering Measurements
Forecast Assumptions
Revenue Forecast
Revenue Forecast Discussion
Percent Revenue Forecast by Region
Revenue Forecast by Region
Revenue Forecast Discussion by Region
Revenue Forecast Discussion by Region (continued)
Percent Revenue Forecast by End-user Vertical
Revenue Forecast by End-user Vertical
Revenue Forecast Discussion by End-user Vertical
Market Share
Market Share Analysis
Competitive Environment
Top Competitors
Top Competitors (continued)
Competitor Growth Analysis
Competitive Factors and Assessment
Key Competitive Differentiators
Popular Business Models
Evolution of Business Models
Evolution of Business Models (continued)
Pricing Model Approach for Service Packages
Growth Opportunity 1—Specialized Testing Services
Growth Opportunity 2—Application Security Testing
Growth Opportunity 3—Flexible Pricing Models
Growth Opportunity 4—Test Automation
Strategic Imperatives for Success and Growth
CEO’s 360 Degree Perspective
Key Findings
Revenue Forecast
Revenue Forecast Discussion
Percent Revenue Forecast by Segment
Revenue Forecast by Segment
Revenue Forecast Discussion by Segment
Market Share
Market Share Analysis
Market Shares by Segment
Market Share Analysis by Segment
Market Share Analysis by Segment (continued)
Market Share Analysis by Segment (continued)
Key Findings
Revenue Forecast
Revenue Forecast Discussion
Percent Revenue Forecast by End-user Vertical
Revenue Forecast by End-user Vertical
Revenue Forecast Discussion by End-user Vertical
Market Share
Market Share Analysis
Competitive Environment
Key Findings
Revenue Forecast
Revenue Forecast Discussion
Percent Revenue Forecast by End-user Vertical
Revenue Forecast by End-user Vertical
Revenue Forecast Discussion by End-user Vertical
Market Share
Market Share Analysis
Competitive Environment
Key Findings
Revenue Forecast
Revenue Forecast Discussion
Percent Revenue Forecast by End-user Vertical
Revenue Forecast by End-user Vertical
Revenue Forecast Discussion by End-user Industry
Market Share
Market Share Analysis
Competitive Environment
Key Findings
Revenue Forecast
Revenue Forecast Discussion
Percent Revenue Forecast by End-user Vertical
Revenue Forecast by End-user Vertical
Revenue Forecast Discussion by End-user Industry
Market Share
Market Share Analysis
Competitive Environment
Key Findings
Revenue Forecast
Revenue Forecast Discussion
Percent Revenue Forecast by End-user Vertical
Revenue Forecast by End-user Vertical
Revenue Forecast Discussion by End-user Vertical
Market Share
Market Share Analysis
Competitive Environment
The Last Word—3 Big Predictions
Legal Disclaimer
Market Engineering Methodology
Partial List of Companies Interviewed
List of Exhibits
List of Exhibits (continued)
List of Exhibits (continued)
List of Exhibits (continued)
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Research Highlights
In this research service, Frost & Sullivan's analysts examine the combination of application testing and product testing services offered to clients in the following end-user verticals:
- Banking, Financial Services, and Insurance (BFSI)
- IT and Telecom
- Lifesciences and Healthcare
- Manufacturing
- Energy and Utilities
- Retail, consumer goods, and logistics
- Others (public sector, transport, travel and hospitality, e-learning, and gaming)
The global software testing services market has been consistently posting double-digit growth and will continue to do so over the forecast period, as end-user demand for specialized testing services continues to rise. While the appeal of traditional testing services is on the decline, the rapid pace of technological advancement and evolving business needs necessitate the use of specialized testing services, especially against the backdrop of digital transformation that is evident across a number of end-user verticals. The evolution of traditional business models to pay-as-you-use business models enhances the appeal of testing services to end users, particularly those with sporadic or seasonal testing needs. With flexibility in pricing, and end-to-end customization offered by testing vendors, a new wave of growth in the software testing services market is evident. Within the ambit of application testing, security testing is another service that is growing by leaps and bounds. With strong double-digit growth expected owing to the shift left philosophy adopted by testing vendors and end users alike, these services are no longer viewed as a premium offering and are considered essential aspects in the software development lifecycle. With artificial intelligence (AI)-based solutions poised to capture the market owing to their ability to use predictive analytics to reduce testing times and efforts, the software testing services market is expected to more than double in size over the forecast period.
| Deliverable Type | Market Research |
|---|---|
| No Index | No |
| Podcast | No |
| Author | Varun Raman |
| Industries | Test and Measurement Instrumentation |
| WIP Number | K311-01-00-00-00 |
| Is Prebook | No |
| GPS Codes | 9404-A5,9594,9403,99FA |