Software testing is the method of running numerous programs or application to recognize bugs or flaws in the software and help it in becoming fault-free solution to fulfill user needs. Software testing is a comprehensive procedure to confirm and authenticate the software program or code and assist in building competent software, to fulfill business and technical needs.
The key factor contributing to the growth of the global software testing market include the increasing need for cost-effective and efficient methods to identify software flaws within IT establishments. In addition, companies are implementing agile testing services to improve the quality of infrastructure & cloud services and also to build better software solution with nominal error rate. Further, the rising digitalization across banking, retail, and manufacturing segments is expected to surge the need for high-performance software applications to deliver supreme user interactivity making work more efficient and productive. Moreover, the escalating espousal of web applications, software, and mobile applications has stimulated key merchants to spend in integrating technologies like ML and AI to offer high-quality applications and software. All these factors are expected to boost market growth during the forecast period.
The global software testing market can be bifurcated based on component, application, and region. By component, the market is classified into services and application testing. The services segment is further sub-divided into managed and professional. The application testing segment is further sub-divided into non-functional (security testing, usability testing, performance testing, and other) and functional (unit testing, system testing, smoke testing, integration testing, regression testing, and others). By application, the market is categorized into BFSI, IT & telecom, retail, manufacturing, transportation & logistics, healthcare, and government.
Regionally, the software testing market is projected to be dominated by North America during the forecast period. this regional expansion can be accredited to the increasing implementation of the software in numerous sectors like manufacturing, healthcare, and others. In addition, the rising preference for software automation is also anticipated to boost the regional market growth. Likewise, Europe is also projected to hold the second-biggest share in the market in terms of revenue on account of the rise in need for cloud-based testing services that is expected to fuel the software testing market in the years to come.
The key players participating actively within the global software testing market consist of TCS, Amdocs, Atos, Accenture, Wipro, Infosys, HCL Tech, IBM, Cognizant, and Capgemini, among others. These market players are concentrating on tactical merger & acquisitions to reinforce their foot within the market. To cite, Accenture, in June 2019, has declared the procurement of Deja vu Security to improve its status in testing enterprises software and network development services.