Software Testing - Global Strategic Business Report

Global Software Testing Market to Reach $59.5 Billion by 2030

The global market for Software Testing estimated at US$40.9 Billion in the year 2022, is projected to reach a revised size of US$59.5 Billion by 2030, growing at a CAGR of 4.8% over the analysis period 2022-2030. Application Testing, one of the segments analyzed in the report, is projected to record 4.6% CAGR and reach US$36.3 Billion by the end of the analysis period. Taking into account the ongoing post pandemic recovery, growth in the Services segment is readjusted to a revised 5% CAGR for the next 8-year period.

The U.S. Market is Estimated at $12.1 Billion, While China is Forecast to Grow at 4.5% CAGR

The Software Testing market in the U.S. is estimated at US$12.1 Billion in the year 2022. China, the world's second largest economy, is forecast to reach a projected market size of US$10.5 Billion by the year 2030 trailing a CAGR of 4.5% over the analysis period 2022 to 2030. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 4.1% and 3.9% respectively over the 2022-2030 period. Within Europe, Germany is forecast to grow at approximately 3.5% CAGR.

Select Competitors (Total 258 Featured) -

• Accenture
• Atos Medical Inc.
• Capgemini SE
• Cigniti Technologies Ltd.
• Deloitte Consulting LLP
• DXC Technology
• Gallop Solutions
• IBM Corporation
• Infosys Ltd.
• NTT DATA Corporation
• Sopra Steria Group
• Tech Mahindra Ltd.
• UST Global
• Wipro Ltd.

What's New?

• Special coverage on Russia-Ukraine war; global inflation; easing of zero-Covid policy in China and its `bumpy` reopening; supply chain disruptions, global trade tensions; and risk of recession.
• Global competitiveness and key competitor percentage market shares
• Market presence across multiple geographies - Strong/Active/Niche/Trivial
• Online interactive peer-to-peer collaborative bespoke updates
• Access to digital archives and Research Platform
• Complimentary updates for one year