The software testing market size has grown strongly in recent years. It will grow from $48.17 billion in 2023 to $52.45 billion in 2024 at a compound annual growth rate (CAGR) of 8.8%. The growth observed during the historic period can be attributed to several factors, including accelerated software development lifecycles, a focus on product innovations, a surge in online transactions and purchases, the adoption of continuous integration practices, and the necessity for automated testing tools to streamline testing processes.
The software testing market size is expected to see strong growth in the next few years. It will grow to $74.8 billion in 2028 at a compound annual growth rate (CAGR) of 9.2%. The forecasted growth is fueled by increased mobile app usage, driving continuous updates for user experience. Companies are expanding into mobile testing, with organizations investing more in software development for safety and data security. The BFSI segment is expanding software testing due to rising online transactions. Major trends include cloud computing adoption for efficiency, technological advancements such as AI, and faster delivery of quality software.
The ongoing adoption of cloud computing is poised to drive significant growth in the software testing market in the coming years. Cloud computing adoption is on the rise due to its cost-effectiveness, scalability, accessibility, innovation opportunities, reliability, security, and environmental sustainability. Software testing in cloud computing ensures that applications meet quality standards, perform reliably, and deliver seamless user experiences in dynamic and distributed cloud environments. For example, as per the State of DevOps Study conducted by Google Cloud Platform's DevOps Research and Assessment (DORA) team in January 2023, the utilization of multiple public clouds increased from 21% to 26% in 2022, with hybrid cloud usage intensifying from 25% to 42.5%. Furthermore, the proportion of users employing the public cloud, encompassing multiple clouds, surged from 56% in 2021 to 76%. Thus, the continuous adoption of cloud computing is fueling the growth of the software testing market.
Leading companies in the software testing market are prioritizing the introduction of technologically advanced solutions, such as AI-powered software testing tools, to gain a competitive advantage. AI-powered testing tools automate the generation of test cases by analyzing requirements, code, and historical data. For instance, Cyient, a global technology solutions company based in India, introduced CyFAST in June 2022 - an AI-driven framework for automated system and software testing. CyFAST facilitates end-to-end test automation across various platforms, including web, mobile, desktop, and embedded applications and hardware devices, offering comprehensive test project management solutions. This cutting-edge platform leverages cognitive intelligence for enhanced test orchestration, risk-based testing, and regulatory compliance documentation, enabling effective testing of complex systems and software.
In February 2022, Tricentis, a software testing company based in Austria, acquired Testim, with the aim of integrating their respective capabilities and leveraging cutting-edge technology from their portfolios. This acquisition is intended to enable the creation of premium software quality assurance solutions by integrating products and services from both companies. Testim, headquartered in Israel, specializes in delivering commercial end-to-end software testing solutions, enhancing Tricentis's offerings and market presence in the software testing domain.
Major companies operating in the software testing market are Accenture PLC, International Business Machines Corporation (IBM), Fujitsu Limited, Tata Consultancy Services Limited (TCS), Capgemini SE, Cognizant Technology Solutions Corporation, Infosys Limited, HCL Technologies Limited, Atos SE, Wipro Limited, CGI Inc., Tech Mahindra Limited, Sopra Steria Group, Micro Focus International plc, UST Global Inc., Neusoft Corporation, Hexaware Technologies Limited, Cyient Limited, QualiTest Group, Tricentis AG, L&T Technology Services Limited, Cigniti Technologies Limited, Astegic Inc., Serengeti.
North America was the largest region in the software testing market in 2023. Asia Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the software testing market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
The countries covered in the software testing market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.
Software testing is the systematic process of evaluating and verifying that a software application or system meets specified requirements and operates correctly. This involves executing the software under controlled conditions to identify defects or bugs and ensure it behaves as expected. The objective is to assess the quality, functionality, and performance of the software product before its release to end-users.
The main types of software testing include system integrator testing and pureplay software testing. Pureplay software testing focuses primarily on testing software to ensure its quality, reliability, and functionality. It encompasses various components such as application testing and services, serving industries including information technology (IT) and telecommunications, banking, financial services, and insurance (BFSI), manufacturing, retail, healthcare, transportation and logistics, the government and public sector, consumer electronics, and media.
The software testing market research report is one of a series of new reports that provides software testing market statistics, including the software testing industry global market size, regional shares, competitors with software testing market share, detailed software testing market segments, market trends, and opportunities, and any further data you may need to thrive in the software testing industry. This software testing market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenarios of the industry.
The software testing market includes revenues earned by entities by offering services such as compatibility testing, automation testing, mobile testing, regression testing, and localization testing. The market value includes the value of related goods sold by the service provider or included within the service offering. Only goods and services traded between entities or sold to end consumers are included.
The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).
The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.
This product will be delivered within 3-5 business days.
The software testing market size is expected to see strong growth in the next few years. It will grow to $74.8 billion in 2028 at a compound annual growth rate (CAGR) of 9.2%. The forecasted growth is fueled by increased mobile app usage, driving continuous updates for user experience. Companies are expanding into mobile testing, with organizations investing more in software development for safety and data security. The BFSI segment is expanding software testing due to rising online transactions. Major trends include cloud computing adoption for efficiency, technological advancements such as AI, and faster delivery of quality software.
The ongoing adoption of cloud computing is poised to drive significant growth in the software testing market in the coming years. Cloud computing adoption is on the rise due to its cost-effectiveness, scalability, accessibility, innovation opportunities, reliability, security, and environmental sustainability. Software testing in cloud computing ensures that applications meet quality standards, perform reliably, and deliver seamless user experiences in dynamic and distributed cloud environments. For example, as per the State of DevOps Study conducted by Google Cloud Platform's DevOps Research and Assessment (DORA) team in January 2023, the utilization of multiple public clouds increased from 21% to 26% in 2022, with hybrid cloud usage intensifying from 25% to 42.5%. Furthermore, the proportion of users employing the public cloud, encompassing multiple clouds, surged from 56% in 2021 to 76%. Thus, the continuous adoption of cloud computing is fueling the growth of the software testing market.
Leading companies in the software testing market are prioritizing the introduction of technologically advanced solutions, such as AI-powered software testing tools, to gain a competitive advantage. AI-powered testing tools automate the generation of test cases by analyzing requirements, code, and historical data. For instance, Cyient, a global technology solutions company based in India, introduced CyFAST in June 2022 - an AI-driven framework for automated system and software testing. CyFAST facilitates end-to-end test automation across various platforms, including web, mobile, desktop, and embedded applications and hardware devices, offering comprehensive test project management solutions. This cutting-edge platform leverages cognitive intelligence for enhanced test orchestration, risk-based testing, and regulatory compliance documentation, enabling effective testing of complex systems and software.
In February 2022, Tricentis, a software testing company based in Austria, acquired Testim, with the aim of integrating their respective capabilities and leveraging cutting-edge technology from their portfolios. This acquisition is intended to enable the creation of premium software quality assurance solutions by integrating products and services from both companies. Testim, headquartered in Israel, specializes in delivering commercial end-to-end software testing solutions, enhancing Tricentis's offerings and market presence in the software testing domain.
Major companies operating in the software testing market are Accenture PLC, International Business Machines Corporation (IBM), Fujitsu Limited, Tata Consultancy Services Limited (TCS), Capgemini SE, Cognizant Technology Solutions Corporation, Infosys Limited, HCL Technologies Limited, Atos SE, Wipro Limited, CGI Inc., Tech Mahindra Limited, Sopra Steria Group, Micro Focus International plc, UST Global Inc., Neusoft Corporation, Hexaware Technologies Limited, Cyient Limited, QualiTest Group, Tricentis AG, L&T Technology Services Limited, Cigniti Technologies Limited, Astegic Inc., Serengeti.
North America was the largest region in the software testing market in 2023. Asia Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the software testing market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
The countries covered in the software testing market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.
Software testing is the systematic process of evaluating and verifying that a software application or system meets specified requirements and operates correctly. This involves executing the software under controlled conditions to identify defects or bugs and ensure it behaves as expected. The objective is to assess the quality, functionality, and performance of the software product before its release to end-users.
The main types of software testing include system integrator testing and pureplay software testing. Pureplay software testing focuses primarily on testing software to ensure its quality, reliability, and functionality. It encompasses various components such as application testing and services, serving industries including information technology (IT) and telecommunications, banking, financial services, and insurance (BFSI), manufacturing, retail, healthcare, transportation and logistics, the government and public sector, consumer electronics, and media.
The software testing market research report is one of a series of new reports that provides software testing market statistics, including the software testing industry global market size, regional shares, competitors with software testing market share, detailed software testing market segments, market trends, and opportunities, and any further data you may need to thrive in the software testing industry. This software testing market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenarios of the industry.
The software testing market includes revenues earned by entities by offering services such as compatibility testing, automation testing, mobile testing, regression testing, and localization testing. The market value includes the value of related goods sold by the service provider or included within the service offering. Only goods and services traded between entities or sold to end consumers are included.
The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).
The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.
This product will be delivered within 3-5 business days.
Table of Contents
1. Executive Summary2. Software Testing Market Characteristics3. Software Testing Market Trends and Strategies32. Global Software Testing Market Competitive Benchmarking33. Global Software Testing Market Competitive Dashboard34. Key Mergers and Acquisitions in the Software Testing Market
4. Software Testing Market - Macro Economic Scenario
5. Global Software Testing Market Size and Growth
6. Software Testing Market Segmentation
7. Software Testing Market Regional and Country Analysis
8. Asia-Pacific Software Testing Market
9. China Software Testing Market
10. India Software Testing Market
11. Japan Software Testing Market
12. Australia Software Testing Market
13. Indonesia Software Testing Market
14. South Korea Software Testing Market
15. Western Europe Software Testing Market
16. UK Software Testing Market
17. Germany Software Testing Market
18. France Software Testing Market
19. Italy Software Testing Market
20. Spain Software Testing Market
21. Eastern Europe Software Testing Market
22. Russia Software Testing Market
23. North America Software Testing Market
24. USA Software Testing Market
25. Canada Software Testing Market
26. South America Software Testing Market
27. Brazil Software Testing Market
28. Middle East Software Testing Market
29. Africa Software Testing Market
30. Software Testing Market Competitive Landscape and Company Profiles
31. Software Testing Market Other Major and Innovative Companies
35. Software Testing Market Future Outlook and Potential Analysis
36. Appendix
Executive Summary
Software Testing Global Market Report 2024 provides strategists, marketers and senior management with the critical information they need to assess the market.This report focuses on software testing market which is experiencing strong growth. The report gives a guide to the trends which will be shaping the market over the next ten years and beyond.
Reasons to Purchase:
- Gain a truly global perspective with the most comprehensive report available on this market covering 50+ geographies.
- Understand how the market has been affected by the COVID-19 and how it is responding as the impact of the virus abates.
- Assess the Russia - Ukraine war’s impact on agriculture, energy and mineral commodity supply and its direct and indirect impact on the market.
- Measure the impact of high global inflation on market growth.
- Create regional and country strategies on the basis of local data and analysis.
- Identify growth segments for investment.
- Outperform competitors using forecast data and the drivers and trends shaping the market.
- Understand customers based on the latest market shares.
- Benchmark performance against key competitors.
- Suitable for supporting your internal and external presentations with reliable high quality data and analysis
- Report will be updated with the latest data and delivered to you along with an Excel data sheet for easy data extraction and analysis.
- All data from the report will also be delivered in an excel dashboard format.
Description
Where is the largest and fastest growing market for software testing ? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? The software testing market global report answers all these questions and many more.The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market’s historic and forecast market growth by geography.
- The market characteristics section of the report defines and explains the market.
- The market size section gives the market size ($b) covering both the historic growth of the market, and forecasting its development.
- The forecasts are made after considering the major factors currently impacting the market. These include:
- The impact of sanctions, supply chain disruptions, and altered demand for goods and services due to the Russian Ukraine war, impacting various macro-economic factors and parameters in the Eastern European region and its subsequent effect on global markets.
- The impact of higher inflation in many countries and the resulting spike in interest rates.
- The continued but declining impact of COVID-19 on supply chains and consumption patterns.
- Market segmentations break down the market into sub markets.
- The regional and country breakdowns section gives an analysis of the market in each geography and the size of the market by geography and compares their historic and forecast growth. It covers the growth trajectory of COVID-19 for all regions, key developed countries and major emerging markets.
- The competitive landscape chapter gives a description of the competitive nature of the market, market shares, and a description of the leading companies. Key financial deals which have shaped the market in recent years are identified.
- The trends and strategies section analyses the shape of the market as it emerges from the crisis and suggests how companies can grow as the market recovers.
Scope
Markets Covered:
1) By Type: System Integrator; Pureplay Software Testing2) By Component: Application Testing; Services
3) By Application: IT and Telecom; BFSI; Manufacturing; Retail; Healthcare; Transportation And Logistics; Government And Public Sector; Consumer Electronics; Media.
Key Companies Mentioned: Accenture PLC; International Business Machines Corporation (IBM); Fujitsu Limited; Tata Consultancy Services Limited (TCS); Capgemini SE
Countries: Australia; Brazil; China; France; Germany; India; Indonesia; Japan; Russia; South Korea; UK; USA; Canada; Italy; Spain
Regions: Asia-Pacific; Western Europe; Eastern Europe; North America; South America; Middle East; Africa
Time Series: Five years historic and ten years forecast.
Data: Ratios of market size and growth to related markets, GDP proportions, expenditure per capita.
Data Segmentation: Country and regional historic and forecast data, market share of competitors, market segments.
Sourcing and Referencing: Data and analysis throughout the report is sourced using end notes.
Delivery Format: PDF, Word and Excel Data Dashboard.
Companies Mentioned
- Accenture PLC
- International Business Machines Corporation (IBM)
- Fujitsu Limited
- Tata Consultancy Services Limited (TCS)
- Capgemini SE
- Cognizant Technology Solutions Corporation
- Infosys Limited
- HCL Technologies Limited
- Atos SE
- Wipro Limited
- CGI Inc.
- Tech Mahindra Limited
- Sopra Steria Group
- Micro Focus International plc
- UST Global Inc.
- Neusoft Corporation
- Hexaware Technologies Limited
- Cyient Limited
- QualiTest Group
- Tricentis AG
- L&T Technology Services Limited
- Cigniti Technologies Limited
- Astegic Inc.
- Serengeti
Methodology
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Table Information
| Report Attribute | Details |
|---|---|
| No. of Pages | 175 |
| Published | May 2024 |
| Forecast Period | 2024 - 2028 |
| Estimated Market Value ( USD | $ 52.45 Billion |
| Forecasted Market Value ( USD | $ 74.8 Billion |
| Compound Annual Growth Rate | 9.2% |
| Regions Covered | Global |
| No. of Companies Mentioned | 24 |
