Overview:
The application testing services have become quite necessary to support the proliferation of IT technology in every sphere of life. This takes the workflow of organizations to the optimum level. The global application testing services market is expected to bank on this benefit and achieve USD 48 billion with an 11% CAGR during the forecast period (2017-2023). Market Research Future (MRFR) predicted an easy integration for the market into several industries.
Among factors, integration of big data, big data analytics, mobility, cloud, and other applications are expected to inspire the application testing services market growth in the coming years. This plays a significant role in securing investment returns for organizations. Software testing services are gaining traction as their work increases the reliability of an organization. These factors can influence remarkably the growth of the application testing services market during the forecast period.
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Segmentation:
MRFR’s analysis, to take a good look at the global application testing services market, segmented it by service type, testing type, delivery model, organization size, and vertical. This segmentation is further backed by volume-wise and value-wise data.
Based on the service type, the application testing services market can be segmented into managed services and professional services.
Based on the testing type, the application testing services market encompasses compatibility testing, functionality testing, security testing, usability testing, automation testing, compliance testing, performance testing, and others. Recent inclusions of automation across sectors triggered rapid growth for the automation testing segment.
Based on the delivery model, the application testing services market comprises onsite, onshore, offshore, and nearshore. The onshore segment has substantial market penetration.
Based on the organization size, the application testing services market includes small & medium enterprises (SME) and large enterprises. The growth of the SME segment in developing countries is significant as it is also improving the market size of the global application testing services market
Based on the verticals, the application testing services market includes healthcare, BFSI, telecom & IT, retail, manufacturing, media & entertainment, government, and others. The telecom & IT segment is gaining much from such technological advancement,
Competitive Landscape:
Several companies have engaged themselves in the strategic development of the global Application Testing Services Market. These companies have been profiled by MRFR and their latest updates would help in understanding the progress route of the market. These companies are Wipro Limited (India), HCL Technologies Limited (India), Cognizant (U.S.), Xoriant Corporation (U.S.), Accenture PLC (Ireland), Tata Consultancy Services Limited (India), International Business Machines Corporation (U.S.), Capgemini SE (France), RapidValue Solutions (U.S.), Infosys Limited (India), and others.
Regional Analysis:
Europe, Asia Pacific (APAC), North America and the Rest-of-the-World (RoW) are the four major regions in which the global application testing services market has been segmented. The geographical analysis reveals demographic challenges and probable factors that could help in overcoming present scenario.
North America is leading the charge as the robust infrastructure in the region is sufficiently backing up the industrial clusters. At the same time, the regional market has been blessed with the presence of the U.S. where high investment in research & development, is ensuring constant upgradation in technology. Europe’s growth is quite similar to that of North America and is backed by the presence of several global heads.
The APAC market is also expected to contribute substantially owing to the presence of several emerging economies such as China, Japan, India, and other market titans. Increasing profits from business have triggered the intake of such market. Consumer awareness is also playing vital in taking the market forward. The region is also benefitting much from the cost-effective labor and easy access to raw materials. Burgeoning industries are also integrating the system to ensure a smooth growth for the market in the region.
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LIST OF TABLES
TABLE 1 APPLICATION TESTING SERVICES MARKET, BY SERVICE TYPE
TABLE 2 APPLICATION TESTING SERVICES MARKET, BY TESTING TYPE
TABLE 3 APPLICATION TESTING SERVICES MARKET, BY DELIVERY MODEL
TABLE 4 APPLICATION TESTING SERVICES MARKET, BY ORGANIZATION SIZE
TABLE 5 APPLICATION TESTING SERVICES MARKET, BY END USER
Continued……
LIST OF FIGURES
FIGURE 1 RESEARCH SERVICE TYPE
FIGURE 2 APPLICATION TESTING SERVICES MARKET, BY SERVICE TYPE (%)
FIGURE 3 APPLICATION TESTING SERVICES MARKET, BY TESTING TYPE (%)
FIGURE 4 APPLICATION TESTING SERVICES MARKET, BY DELIVERY MODEL (%)
FIGURE 5 APPLICATION TESTING SERVICES MARKET, BY ORGANIZATION SIZE (%)
Continued…….
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