Test Automation Market Size, Market Share, Application Analysis, Regional Outlook, Growth Trends, Key Players, Competitive Strategies and Forecasts, 2021 to 2029

Rising Mobile Application Market to Boost the Growth of Test Automation Market

The test automation market worldwide is anticipated to grow with a CAGR of 14.7% during the forecast period from 2021 to 2029, starting from US$ 35.49 Bn in 2020. Increased mobile application market and rising DevOps methodology worldwide are the major reasons for the market growth. Growing digitization globally will also boost the test automation market demand in years to come. Growing use of mobile applications worldwide and rapid technological advancements are also helping the market growth. Rising cloud-based applications are helping the market growth. Accordingly, we predict that the market will grow tremendously throughout the forecast period.

Functional Testing to show Substantial Growth

In 2020, the functional testing segment has its dominance in the market. Functional testing ensures that the system must perform according to its expectations. Functional testing has its dominance due to inclination towards adoption of agile development process. Rising cloud-based applications market will also boost the functional testing segment. Functional testing has various benefits such as security & safety, defect-free product, reduced risks and others due to which the segment will substantial growth in years to come. Robot framework, ranorex, katalon studio, selenium, unified functional testing and others are some of the functional testing tools.

Asia Pacific will be the Fastest Growing Region

North America governs the test automation market in 2020. The aforementioned region contributed to more than 1/3rd of the world revenue in the same year. Established industries, growing need of QA and presence of maximum number of players are major factors for the dominance of the region. On the other hand, Asia Pacific region will grow with the highest growth rate on account of growing mobile application market, rising digitization and growing investments for rapid technology adoption. Presence of existing testing tools and professional testing resources are some of the other factors for fastest growth of the Asia Pacific fastest growth.

Some of the prominent players operating in the test automation market IBM Corporation, Wipro Ltd., Capgemini S.A., Cognizant Technology Solutions Corp, Infosys Ltd, Hewlett-Packard Company, Tata Consultancy Services, Hexaware Technologies, Wipro Ltd., Zensar Technologies, Qasymphony, Inc., SmartBear Inc., and Tricentis GmbH among others.

Historical & Forecast Period

This research report presents the analysis of each segment from 2019 to 2029 considering 2020 as the base year for the research. Compounded Annual Growth Rate (CAGR) for each respective segments calculated for the forecast period from 2021 to 2029.

Key questions answered in this report

• What was the market size of test automation in 2020 and forecast up to 2029?
• Which is the largest regional market for test automation?
• What are the major trends followed in overall test automation across different regions?
• Who are the key test automation companies leading the market?
• What are the key strategies adopted by the leading test automation companies in market?

Unique data points of this report

• Recent trends across different regions in terms of adoption of test automation across various applications
• Notable developments going on in test automation market
• Attractive investment proposition for segments as well as geography
• Comparative scenario for all the segments for years 2020 (actual) and 2029 (forecast)

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