"The Report Global
Software Testing Market 2017-2021 provides information on pricing,
market analysis, shares, forecast, and company profiles for key
industry participants. - MarketResearchReports.biz"
The
global software testing market is poised to exhibit a strong CAGR of
14% from 2017 to 2021, according to a report recently added to the
growing repository of MarketResearchReports.biz. Titled “Global
Software Testing Market 2017-2021”,
the study highlights the current scenario in the market and its
future trajectory. It answers some of the pertinent questions related
to the software testing market, such as what is the current and
projected size of the market, what are the major challenges and
trends that are likely to impact the market, and what are the
outcomes of the five forces analysis.
The
report states that one of the most prominent factors boosting the
uptake of software testing services is the surge in test automation
services and agile testing services. Companies have been adopting
these services to improve the quality of cloud infrastructure and to
put into practice newer methodologies for software testing services.
The market is also fueled by the rising pressure on software
providers to offer business as well as product value.
Technology-wise,
the market is bifurcated into product testing and application
testing. The latter is not only the largest segment but is also
poised to register the highest CAGR over the course of the forecast
period. Application testing may include a range of services: mobile
application testing, new offers testing, security testing, and
functional as well as non-functional testing. In addition to this,
the segment is fueled by the increasing demand for enterprise
mobility.
In
terms of end use, software testing services are in demand in sectors
such as telecom, media, banking, financial services, and insurance
(BFSI), IT, and retail. The BFSI sector accounts for the leading
share owing to the rising need to help customers access financial
services on the go.
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By
way of geography, the worldwide market for software testing is
segmented into Asia Pacific, Europe, the Middle East, and Africa, and
the Americas. Currently, the Americas hold the largest share and this
regional segment is slated to continue its dominance over the global
market throughout the forecast period. Within the Americas, the
banking and telecom industries are the main end users of software
testing services, which can be attributed to growing consumerization
of location-based applications and data services. The soaring
adoption of and demand for cloud services is also sure to boost
software testing market in the Americas.
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http://www.marketresearchreports.biz/pressrelease/4269
The
most prominent players in the global software testing market are
Capgemini, Wipro, IBM, and Accenture. These players together dominate
the overall market, rendering its vendor landscape a highly
consolidated nature. These few established companies have been
joining forces with smaller vendors so as to improve their ongoing
innovations and enhance their software testing offerings. The
aforementioned players also enjoy a strong hold over most regional
markets. Other major companies operating in the software testing
market are Atos, UST Global, Steria, Gallop Solutions, CSC, Cigniti
Technologies, Tech Mahindra, Deloitte, NTT DATA, and Infosys.
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