Bug tracking software enables to detect bugs in software projects, resolve them, and ensure to have contingency & preventive measures with the purpose of not repeating the detected bugs in the future projects. It allows individuals or groups of developers to keep a track of unresolved bugs in the product effectively and maintain a database of problem reports. Apart from tracking bugs, it can submit & review patches, enable communication with members, and manage quality assurance. Depending on the tool being used, the testing team can tie bugs to changed code, tests, or other data that will permit traceability or analysis on bug trends.
Factors such as surge in need for bug-free software development in shortest turnaround time (TAT), increase in spending on software testing process, and surge in adoption of automated testing environment among organizations drive the growth of the global bug tracking software market. Furthermore, rise in adoption of cloud-based project management software fuels the growth of the bug tracking software market. However, presence of free & open-source bug tracking software hampers the market growth. On the contrary, integration of advanced technologies such as machine learning and artificial intelligence for bug tracking in software development process is anticipated to offer remunerative opportunities for market expansion.
The global bug tracking software market is segmented by deployment, organization size, industry vertical, and region. Based on deployment type, it is bifurcated into on-premise and cloud. According to organization size, it is classified into small enterprises, medium sized enterprises, and large enterprises. On the basis of industry vertical, it is fragmented into BFSI, telecommunications, manufacturing, information technology, retail, and others. Region wise, it is analyzed across North America, Europe, Asia-Pacific, and LAMEA.
The report analyzes the profiles of key players operating in the market. These include Airbrake, Atlassian (JIRA), Axosoft, Bugsnag Inc., IBM, Inflectra Corporation, JetBrains, Nulab (backlog), Raygun, and Zoho Corporation.
KEY BENEFITS FOR STAKEHOLDERS
KEY MARKET SEGMENTS
BY DEPLOYMENT
BY ORGANIZATION SIZE
BY INDUSTRY VERTICAL
BY REGION
o Canada
o Germany
o France
o Rest of Europe
o India
o Japan
o Rest of Asia-Pacific
o Middle East
o Africa
KEY MARKET PLAYERS
Factors such as surge in need for bug-free software development in shortest turnaround time (TAT), increase in spending on software testing process, and surge in adoption of automated testing environment among organizations drive the growth of the global bug tracking software market. Furthermore, rise in adoption of cloud-based project management software fuels the growth of the bug tracking software market. However, presence of free & open-source bug tracking software hampers the market growth. On the contrary, integration of advanced technologies such as machine learning and artificial intelligence for bug tracking in software development process is anticipated to offer remunerative opportunities for market expansion.
The global bug tracking software market is segmented by deployment, organization size, industry vertical, and region. Based on deployment type, it is bifurcated into on-premise and cloud. According to organization size, it is classified into small enterprises, medium sized enterprises, and large enterprises. On the basis of industry vertical, it is fragmented into BFSI, telecommunications, manufacturing, information technology, retail, and others. Region wise, it is analyzed across North America, Europe, Asia-Pacific, and LAMEA.
The report analyzes the profiles of key players operating in the market. These include Airbrake, Atlassian (JIRA), Axosoft, Bugsnag Inc., IBM, Inflectra Corporation, JetBrains, Nulab (backlog), Raygun, and Zoho Corporation.
KEY BENEFITS FOR STAKEHOLDERS
- The study presents an in-depth analysis of the market along with the current & future trends to elucidate imminent investment pockets.
- Information about the key drivers, restraints, and opportunities and their impact analysis on the market is provided in this study.
- Porter’s five forces analysis illustrates the potency of buyers and suppliers operating in the industry.
- The quantitative analysis of the market from 2018 to 2026 is provided to determine the market potential.
KEY MARKET SEGMENTS
BY DEPLOYMENT
- On-premise
- Cloud
BY ORGANIZATION SIZE
- Small Enterprises
- Medium-sized Enterprises
- Large Enterprises
BY INDUSTRY VERTICAL
- BFSI
- Telecommunications
- Manufacturing
- Information Technology
- Retail
- Others
BY REGION
- North America
o Canada
- Europe
o Germany
o France
o Rest of Europe
- Asia-Pacific
o India
o Japan
o Rest of Asia-Pacific
- LAMEA
o Middle East
o Africa
KEY MARKET PLAYERS
- Airbrake
- Atlassian (JIRA)
- Axosoft, Bugsnag Inc.
- Bugsnag Inc.
- IBM
- Inflectra Corporation
- JetBrains
- Nulab (backlog)
- Raygun
- Zoho Corporation
Table of Contents
CHAPTER 1: INTRODUCTION
CHAPTER 2: EXECUTIVE SUMMARY
CHAPTER 3: MARKET LANDSCAPE
CHAPTER 4. BUG TRACKING SOFTWARE MARKET BY DEPLOYMENT
CHAPTER 5. BUG TRACKING SOFTWARE MARKET BY ORGANISATION SIZE
CHAPTER 6. BUG TRACKING SOFTWARE MARKET BY INDUSTRY VERTICALS
CHAPTER 7: BUG TRACKING SOFTWARE MARKET BY REGION
CHAPTER 8: COMPANY PROFILES
Executive Summary
According to the report, titled 'Bug Tracking Software Market by Deployment, Organization Size, and Industry Vertical: Global Opportunity Analysis and Industry Forecast, 2019-2026', the global bug tracking software market size was valued at $218.22 million in 2018, and is projected to reach $601.64 million by 2026, growing at a CAGR of 13.60% from 2019 to 2026.Rise in adoption of DevOps & testing automation, surge in need to deliver bug-free projects successfully, rise in investment for software testing, increase in adoption of cloud-based project management software are some of the key factors that accelerate the growth of the global bug tracking software market. In addition, benefits associated with bug tracking software, such as improving ROI by reducing cost of software development and early detection of bugs & understanding bug trends, are expected to fuel the market growth. However, availability of free bug tracking software is expected to hamper the global bug tracking software market growth.
Based on deployment, the cloud segment dominated the bug tracking software market share, in 2018, and is anticipated to maintain its dominance during the forecast period. This is attributed to increase in adoption of cloud technologies to achieve agility and cost savings in SMEs as well as large enterprises.
Based on end-user industry, the information technology sector accounted for the highest revenue in 2018 bug tracking software market. However, the retail segment is expected to grow at the highest CAGR during the forecast, period due to increase in trend of digitalization in the retail industry.
While doing the bug tracking software market analysis it has been observed that the market is witnessing the trend of implementing artificial intelligence technology in the bug tracking software. The inclusion of AI into the future project management is further anticipated to enhance the productivity in project outputs. For instance, AI-powered programming tool called DeepCode, from Zurich, assists developers for fixing bugs and optimizing code. It also helps in faster logging, tracking and fixing bugs.
Companies are realizing the benefits of having integrated bug tracker in the testing process. It brings significant software quality and cost saving in terms of money and time in the software development lifecycle. It assists developers in tracing specific failed test case and underlying requirement. Further, prioritizing and assigning bugs to understand tedious issues. This enables development team to save time spent for resolving smaller issues and focus more on high priority bugs. Use of bug tracking software also facilitates better communication through chat interfaces and email for solving new bugs and generating clear reports. One of the key advantages of it is this software enables the enterprise to manage resources efficiently and provide fast solutions. It also allows companies to maintain a record of the previous bugs by spotting the bugs in the formal testing stage and produce bug-free data in the production stage. Furthermore, a good bug tracking software results into enhancing customer satisfaction. Thus, resulting in spreading a positive word of mouth about this software.
Key Findings of the Bug Tracking Software Market:
By deployment, the cloud segment led the market in terms of revenue in 2018.
Based on organization size, the large enterprises segment accounted for the highest revenue in the bug tracking software market in 2018.
The small enterprises segment is projected to witness highest growth rate during the forecast period.
According to industry vertical, information technology segment generated the highest revenue for glitch tracking software market in 2018.
Region wise, North America led the market in terms of revenue in 2018.
Some of the key players operating in the bug tracking software industry include Airbrake, Atlassian (JIRA), Axosoft, Bugsnag Inc., IBM, Inflectra Corporation, JetBrains, Nulab (backlog), Raygun, and Zoho Corporation.
Methodology
The analyst offers exhaustive research and analysis based on a wide variety of factual inputs, which largely include interviews with industry participants, reliable statistics, and regional intelligence. The in-house industry experts play an instrumental role in designing analytic tools and models, tailored to the requirements of a particular industry segment. The primary research efforts include reaching out participants through mail, tele-conversations, referrals, professional networks, and face-to-face interactions.
They are also in professional corporate relations with various companies that allow them greater flexibility for reaching out to industry participants and commentators for interviews and discussions.
They also refer to a broad array of industry sources for their secondary research, which typically include; however, not limited to:
- Company SEC filings, annual reports, company websites, broker & financial reports, and investor presentations for competitive scenario and shape of the industry
- Scientific and technical writings for product information and related preemptions
- Regional government and statistical databases for macro analysis
- Authentic news articles and other related releases for market evaluation
- Internal and external proprietary databases, key market indicators, and relevant press releases for market estimates and forecast
Furthermore, the accuracy of the data will be analyzed and validated by conducting additional primaries with various industry experts and KOLs. They also provide robust post-sales support to clients.
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