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North America Cloud Testing Market Size, Share & Trends Analysis Report By Component (Tools / Platforms and Services ), By Vertical, By Country and Growth Forecast, 2024 - 2031

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    Report

  • 121 Pages
  • April 2024
  • Marqual IT Solutions Pvt. Ltd (KBV Research)
  • ID: 5955240
The North America Cloud Testing Market would witness market growth of 12.7% CAGR during the forecast period (2024-2031).

The US market dominated the North America Cloud Testing Market by Country in 2023, and would continue to be a dominant market till 2031; thereby, achieving a market value of $7,259.7 million by 2031. The Canada market is experiencing a CAGR of 15.2% during (2024 - 2031). Additionally, The Mexico market would exhibit a CAGR of 14.2% during (2024 - 2031).



Cloud testing's applications span a wide spectrum, encompassing various facets of software development and quality assurance. One of the primary use cases is functional testing, which involves validating applications' behavior against specified requirements. Cloud-based testing platforms offer scalable infrastructure and on-demand resources for executing automated tests across different configurations, browsers, and devices, thereby ensuring comprehensive test coverage and faster feedback loops.

Moreover, performance testing is another critical area where this testing excels. With cloud-based load testing tools, organizations can simulate thousands or even millions of concurrent users accessing their applications from diverse locations. By leveraging the elastic scalability of cloud resources, testers can accurately assess the performance, scalability, and responsiveness of cloud-based applications under various conditions, helping identify and mitigate performance bottlenecks before deployment.

Testing solutions provide BFSI organizations with scalable and flexible testing infrastructure, allowing them to dynamically provision resources based on demand and adapt to fluctuating workloads. As the BFSI sector in Canada experiences growth and digital transformation, this testing enables organizations to scale testing efforts rapidly to accommodate evolving requirements, new product launches, and regulatory changes without the need for significant upfront investments in infrastructure. As per the data published in 2023 by the International Trade Administration, Canada’s banking industry contributed 3.6% (or US$55 billion) to Canada’s GDP. Thus, the rising BFSI sector in North America can assist in the growth of the regional market.

Based on Component, the market is segmented into Tools / Platforms (Functional Testing Tools, Performance/Load Testing Tools, GUI Testing Tools, API Testing Tools, Service Virtualization Tools, and Others) and Services (Professional and Managed). Based on Vertical, the market is segmented into Retail & Ecommerce, Telecom & IT, Media & Entertainment, Healthcare & Lifesciences, BFSI, Transportation, and Others. Based on countries, the market is segmented into U.S., Mexico, Canada, and Rest of North America.

List of Key Companies Profiled

  • IBM Corporation
  • Oracle Corporation
  • Broadcom, Inc. (CA Technologies, Inc.)
  • Open Text Corporation
  • Cognizant Technology Solutions Corporation
  • Capgemini SE
  • Cavisson Systems Inc.
  • Tricentis
  • Akamai Technologies, Inc.
  • Cygnet Digital

Market Report Segmentation

By Component
  • Tools / Platforms
  • Functional Testing Tools
  • Performance/Load Testing Tools
  • GUI Testing Tools
  • API Testing Tools
  • Service Virtualization Tools
  • Others
  • Services
  • Professional
  • Managed
By Vertical
  • Retail & Ecommerce
  • Telecom & IT
  • Media & Entertainment
  • Healthcare & Lifesciences
  • BFSI
  • Transportation
  • Others
By Country
  • US
  • Canada
  • Mexico
  • Rest of North America

Table of Contents

Chapter 1. Market Scope & Methodology
1.1 Market Definition
1.2 Objectives
1.3 Market Scope
1.4 Segmentation
1.4.1 North America Cloud Testing Market, by Component
1.4.2 North America Cloud Testing Market, by Vertical
1.4.3 North America Cloud Testing Market, by Country
1.5 Methodology for the research
Chapter 2. Market at a Glance
2.1 Key Highlights
Chapter 3. Market Overview
3.1 Introduction
3.1.1 Overview
3.1.1.1 Market Composition and Scenario
3.2 Key Factors Impacting the Market
3.2.1 Market Drivers
3.2.2 Market Restraints
3.2.3 Market Opportunities
3.2.4 Market Challenges
Chapter 4. Competition Analysis - Global
4.1 Cardinal Matrix
4.2 Recent Industry Wide Strategic Developments
4.2.1 Partnerships, Collaborations and Agreements
4.2.2 Product Launches and Product Expansions
4.2.3 Acquisition and Mergers
4.3 Market Share Analysis, 2023
4.4 Top Winning Strategies
4.4.1 Key Leading Strategies: Percentage Distribution (2019-2023)
4.4.2 Key Strategic Move: (Mergers & Acquisition: 2021, Apr - 2023, Nov) Leading Players
4.5 Porter Five Forces Analysis
Chapter 5. North America Cloud Testing Market by Component
5.1 North America Tools / Platforms Market by Region
5.2 North America Cloud Testing Market by Tools / Platforms Type
5.2.1 North America Functional Testing Tools Market by Country
5.2.2 North America Performance/Load Testing Tools Market by Country
5.2.3 North America GUI Testing Tools Market by Country
5.2.4 North America API Testing Tools Market by Country
5.2.5 North America Service Virtualization Tools Market by Country
5.2.6 North America Others Market by Country
5.3 North America Services Market by Region
5.4 North America Cloud Testing Market by Services Type
5.4.1 North America Professional Market by Country
5.4.2 North America Managed Market by Country
Chapter 6. North America Cloud Testing Market by Vertical
6.1 North America Retail & Ecommerce Market by Country
6.2 North America Telecom & IT Market by Country
6.3 North America Media & Entertainment Market by Country
6.4 North America Healthcare & Lifesciences Market by Country
6.5 North America BFSI Market by Country
6.6 North America Transportation Market by Country
6.7 North America Others Market by Country
Chapter 7. North America Cloud Testing Market by Country
7.1 US Cloud Testing Market
7.1.1 US Cloud Testing Market by Component
7.1.1.1 US Cloud Testing Market by Tools / Platforms Type
7.1.1.2 US Cloud Testing Market by Services Type
7.1.2 US Cloud Testing Market by Vertical
7.2 Canada Cloud Testing Market
7.2.1 Canada Cloud Testing Market by Component
7.2.1.1 Canada Cloud Testing Market by Tools / Platforms Type
7.2.1.2 Canada Cloud Testing Market by Services Type
7.2.2 Canada Cloud Testing Market by Vertical
7.3 Mexico Cloud Testing Market
7.3.1 Mexico Cloud Testing Market by Component
7.3.1.1 Mexico Cloud Testing Market by Tools / Platforms Type
7.3.1.2 Mexico Cloud Testing Market by Services Type
7.3.2 Mexico Cloud Testing Market by Vertical
7.4 Rest of North America Cloud Testing Market
7.4.1 Rest of North America Cloud Testing Market by Component
7.4.1.1 Rest of North America Cloud Testing Market by Tools / Platforms Type
7.4.1.2 Rest of North America Cloud Testing Market by Services Type
7.4.2 Rest of North America Cloud Testing Market by Vertical
Chapter 8. Company Profiles
8.1 Cygnet Digital
8.1.1 Company Overview
8.1.2 Recent strategies and developments:
8.1.2.1 Acquisition and Mergers:
8.2 IBM Corporation
8.2.1 Company Overview
8.2.2 Financial Analysis
8.2.3 Regional & Segmental Analysis
8.2.4 Research & Development Expenses
8.2.5 Recent strategies and developments:
8.2.5.1 Acquisition and Mergers:
8.2.6 SWOT Analysis
8.3 Oracle Corporation
8.3.1 Company Overview
8.3.2 Financial Analysis
8.3.3 Segmental and Regional Analysis
8.3.4 Research & Development Expense
8.3.5 Recent strategies and developments:
8.3.5.1 Partnerships, Collaborations, and Agreements:
8.3.6 SWOT Analysis
8.4 Broadcom, Inc. (CA Technologies, Inc.)
8.4.1 Company Overview
8.4.2 Financial Analysis
8.4.3 Segmental and Regional Analysis
8.4.4 Research & Development Expense
8.4.5 Recent strategies and developments:
8.4.5.1 Acquisition and Mergers:
8.4.6 SWOT Analysis
8.5 Open Text Corporation
8.5.1 Company Overview
8.5.2 Financial Analysis
8.5.3 Segmental and Regional Analysis
8.5.4 Research & Development Expenses
8.5.5 Recent strategies and developments:
8.5.5.1 Acquisition and Mergers:
8.5.6 SWOT Analysis
8.6 Cognizant Technology Solutions Corporation
8.6.1 Company overview
8.6.2 Financial Analysis
8.6.3 Segmental and Regional Analysis
8.6.4 SWOT Analysis
8.7 Capgemini SE
8.7.1 Company Overview
8.7.2 Financial Analysis
8.7.3 Regional Analysis
8.7.4 Recent strategies and developments:
8.7.4.1 Partnerships, Collaborations, and Agreements:
8.7.5 SWOT Analysis
8.8 Cavisson Systems Inc.
8.8.1 Company Overview
8.9 Tricentis
8.9.1 Company Overview
8.9.2 Recent strategies and developments:
8.9.2.1 Product Launches and Product Expansions:
8.9.2.2 Acquisition and Mergers:
8.10. Akamai Technologies, Inc.
8.10.1 Company Overview
8.10.2 Financial Analysis
8.10.3 Research & Development Expense
8.10.4 Recent strategies and developments:
8.10.4.1 Acquisition and Mergers:
8.10.5 SWOT Analysis

Companies Mentioned

  • IBM Corporation
  • Oracle Corporation
  • Broadcom, Inc. (CA Technologies, Inc.)
  • Open Text Corporation
  • Cognizant Technology Solutions Corporation
  • Capgemini SE
  • Cavisson Systems Inc.
  • Tricentis
  • Akamai Technologies, Inc.
  • Cygnet Digital

Methodology

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