Software Testing Services Market Size to Grow by $ 34.49 bn through 2021-2025

The software testing services market is expected to grow by $ 34.49 bn, accelerating at a CAGR of almost 12% during the forecast period. Technavio’s research report traces the growth trajectory of the market and provides a detailed analysis of the prevalent market forces, trends, and drivers which are likely to impact the market in focus.


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Software Testing Services Market: Segmentation by Product

This report provides a detailed analysis of the market by Product (Application testing and Product testing), End-user (BFSITelecom and media, Manufacturing, Retail, and Others), and Geography (North America, Europe, APAC, and South America). This research report will provide insights into the current market share of each segment along with growth projections for the next five years. In addition, the report also offers a detailed impact analysis of various trends, drivers, and challenges which are likely to influence market growth during the forecast period. These insights are expected to equip clients with reliable information based upon which they can design a growth strategy for their business and area of operations.

Software Testing Services Market Size to Grow by Over $ 34 Billion through 2021-2025 | Forecast and Trend Analysis

Software Testing Services Market: Vendor Analysis

The market is fragmented. The growth of the players depends on several factors such as market conditions, government support, and industry development. To survive and succeed in such an intensely competitive market, players must distinguish their product and service offerings through clear and unique value propositions. 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. are some of the major market participants. To make the most of the opportunities, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their position in the slow-growing segments.

For more insights into this market: Download a Free Sample Report. Our custom reports provide market insights at the global and regional level along with a pipeline analysis of new product launches. It also provides a peek into the latest R&D along with an impact analysis of government regulations.

The software testing services market has the potential to grow by USD 34.49 billion during 2021-2025, and the market’s growth momentum will accelerate at a CAGR of 12.39%.

This software testing services market research report provides valuable insights on the post COVID-19 impact on the market, which will help companies evaluate their business approaches. Furthermore, this report extensively covers 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). The software testing services market report also offers information on several market vendors, including 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. among others. View Free Sample Report

Software Testing Services Market Size to Grow by Over $ 34 Billion through 2021-2025 | Forecast and Trend Analysis

Software Testing Services Market: Emerging Trends to Impact Market Growth

The availability of cloud-based software testing services is expected to drive the growth of the global software testing services market.  Cloud-based software testing refers to performing testing and measurement activities in a virtual environment by leveraging cloud technology. These services use a combination of various cloud computing models, such as infrastructure as a service (IaaS), platform as a service (PaaS), and SaaS.  With cloud-based testing services, companies can easily create a customer environment and find any abnormalities early in the software development lifecycle (SDLC).  Vendors are increasingly focusing on cloud-based testing services due to their benefits and high demand from small and medium enterprises (SMEs). Therefore, the growing adoption of cloud-based software testing services will drive the global software testing services market during the forecast period.

Software Testing Services Market: Vendor Analysis

Software Testing Services Market Size to Grow by Over $ 34 Billion through 2021-2025 | Forecast and Trend Analysis

The market is fragmented due to the presence of several players. The growth of the players depends on several factors such as market conditions, government support, and industry development. To survive and succeed in such an intensely competitive market, players must distinguish their product and service offerings through clear and unique value propositions. 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. are some of the major market participants. To make the most of the opportunities, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their position in the slow-growing segments.

Technavio offers custom research reports with detailed insights on the impact of COVID-19 at an industry level, a regional level, and subsequent supply chain operations. This customized report will help clients keep up with new product launches in direct & indirect COVID-19 related markets. It will also provide insights on upcoming developments along with pipeline analysis of vendor operations and the impact of government regulations.

Technavio suggests three forecast scenarios (optimistic, probable, and pessimistic) considering the impact of COVID-19 Download a Free Sample Report 

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