“Testing Software Global Market Report 2023 ” from The Business Research Company provides strategists, marketers and senior management with the critical information they need to assess the market.
This report focuses on testing software 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.
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Where is the largest and fastest growing market for testing software? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? “The testing software market global report ” from The Business Research Company 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 Testing
- 2) By Component: Application Testing; Services
- 3) By End-User: BFSI; IT And Telecom; Life Sciences and Healthcare; Manufacturing; Energy and Utilities; Retail; Consumer Goods; Logistics; Other End Users
- Companies Mentioned: Tata Consultancy Services Limited; Cognizant Technology Solutions; Capgemini SE; IBM Corporation; Wipro Limited
- Countries: Australia; Brazil; China; France; Germany; India; Indonesia; Japan; Russia; South Korea; UK; USA
- 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 segmentations: 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.
Executive Summary
Major players in the testing software market are: Tata Consultancy Services Limited, Cognizant Technology Solutions, Capgemini SE, IBM Corporation, Wipro Limited, Infosys Limited, Atos SE, Accenture LLP, Cigniti Technologies Limited, Qualitest Group, Tech Mahindra Ltd., Amdocs LLP, HCL Technologies Limited, DXC Technology Company, Hexaware Technologies Limited, and Gallop Solutions Pvt Ltd.
The global testing software market is expected to grow from $48.77 billion in 2022 to $52.79 billion in 2023 at a compound annual growth rate (CAGR) of 8.2%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The testing software market is expected to grow to $70.69 billion in 2027 at a CAGR of 7.6%.
The testing software market includes revenues earned by entities by providing testing services such as functional testing and non- functional 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.
Testing software refers to the process of confirming and validating whether software or an application is bug-free and satisfies the technical standards established by its design and development. These are software applications used to find errors, bugs, or missing requirements in the software.
North America was the largest region in the testing software market in 2022. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the testing software market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.
The main types of testing software market are system integrator and pure play software testing. System integrator are used to carry out to confirm how a software system's module interactions work together. System integrator refers to a sort of software testing used in a combined hardware and software environment to examine how the entire system functions. The different types of components include application testing and services that are used by BFSI, IT and telecom, life sciences and healthcare, manufacturing, energy and utilities, retail, consumer goods, logistics, others.
The surging adoption of smart consumer products is expected to propel the growth of the testing software market going forward. Smart consumer products refer to devices that are connected to the internet, developed for consumers, and can exchange data about themselves, their surroundings, and their users. Automation of software testing is a crucial component of the foundation for smart product online activities. It's a crucial area that takes a lot of attention from individuals in software testing roles online. For instance, according to Earthweb, a US-based online media company, in 2021, 258.54 million smart homes were there globally in the US, of which 23% of broadband households have three or more smart home appliances. Therefore, the surging adoption of smart consumer products is driving the growth of the testing software market.
Technological innovations are a key trend gaining popularity in the testing software market. Major players in the market are creating technologically innovative products to sustain their position in the market. For instance, in October 2020, Applications Software Technology, a US-based systems integrator company, announced the release of version 3.0 of the Autonomous Cloud Tester tool. The unique feature enables organizations to speed up their release, patch, and upgrade test cycles for the entire range of Cloud Applications and cloud-based software. It reduces patch testing time by up to 85%, and broadens the range of customer application footprints that will profit from the service. Organizations can play and pause test results and watch automated processes in action owing to testing execution results that are automatically output in MP4 video format.
In February 2021, Qualitest, an Israel-based quality assurance company, acquired QA Infotech for an undisclosed amount. Through this acquisition, Qaulitest aims to expand its current automation testing capabilities, roughly tripling its ability to provide client support via offshore delivery. QA Infotech is an Indian-based company operating in the testing software market.
The countries covered in the testing software market report are: Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.
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.
The testing software report is one of a series of new reports from The Business Research Company that provides testing software statistics, including testing software industry global market size, regional shares, competitors with a testing software share, detailed testing software segments, market trends and opportunities, and any further data you may need to thrive in the testing software industry. This testing software market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.
Table of Contents
1. Executive Summary
2. Testing Software Market Characteristics
3. Testing Software Market Trends And Strategies
4. Testing Software Market - Macro Economic Scenario
- 4.1. COVID-19 Impact On Testing Software Market
- 4.2. Ukraine-Russia War Impact On Testing Software Market
- 4.3. Impact Of High Inflation On Testing Software Market
5. Testing Software Market Size And Growth
- 5.1. Global Testing Software Historic Market, 2017-2022, $ Billion
- 5.1.1. Drivers Of The Market
- 5.1.2. Restraints On The Market
- 5.2. Global Testing Software Forecast Market, 2022-2027F, 2032F, $ Billion
- 5.2.1. Drivers Of The Market
- 5.2.2. Restraints On the Market
6. Testing Software Market Segmentation
- 6.1. Global Testing Software Market, Segmentation By Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- System Integrator
- Pureplay Software Testing
- 6.2. Global Testing Software Market, Segmentation By Component, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- Application Testing
- Services
- 6.3. Global Testing Software Market, Segmentation By End-User, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- BFSI
- IT And Telecom
- Life Sciences and Healthcare
- Manufacturing
- Energy and Utilities
- Retail
- Consumer Goods
- Logistics
- Other End Users
7. Testing Software Market Regional And Country Analysis
- 7.1. Global Testing Software Market, Split By Region, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- 7.2. Global Testing Software Market, Split By Country, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
8. Asia-Pacific Testing Software Market
- 8.1. Asia-Pacific Testing Software Market Overview
- Region Information, Impact Of COVID-19, Market Information, Background Information, Government Initiatives, Regulations, Regulatory Bodies, Major Associations, Taxes Levied, Corporate Tax Structure, Investments, Major Companies
- 8.2. Asia-Pacific Testing Software Market, Segmentation By Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- 8.3. Asia-Pacific Testing Software Market, Segmentation By End-User, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
9. China Testing Software Market
- 9.1. China Testing Software Market Overview
- 9.2. China Testing Software Market, Segmentation By Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F,$ Billion
- 9.3. China Testing Software Market, Segmentation By End-User, Historic and Forecast, 2017-2022, 2022-2027F, 2032F,$ Billion
10. India Testing Software Market
- 10.1. India Testing Software Market, Segmentation By Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- 10.2. India Testing Software Market, Segmentation By End-User, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
11. Japan Testing Software Market
- 11.1. Japan Testing Software Market, Segmentation By Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- 11.2. Japan Testing Software Market, Segmentation By End-User, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
12. Australia Testing Software Market
- 12.1. Australia Testing Software Market, Segmentation By Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- 12.2. Australia Testing Software Market, Segmentation By End-User, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
13. Indonesia Testing Software Market
- 13.1. Indonesia Testing Software Market, Segmentation By Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- 13.2. Indonesia Testing Software Market, Segmentation By End-User, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
14. South Korea Testing Software Market
- 14.1. South Korea Testing Software Market, Segmentation By Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- 14.2. South Korea Testing Software Market, Segmentation By End-User, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
15. Western Europe Testing Software Market
- 15.1. Western Europe Testing Software Market Overview
- 15.2. Western Europe Testing Software Market, Segmentation By Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- 15.3. Western Europe Testing Software Market, Segmentation By End-User, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
16. UK Testing Software Market
- 16.1. UK Testing Software Market, Segmentation By Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- 16.2. UK Testing Software Market, Segmentation By End-User, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
17. Germany Testing Software Market
- 17.1. Germany Testing Software Market, Segmentation By Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- 17.2. Germany Testing Software Market, Segmentation By End-User, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
18. France Testing Software Market
- 18.4. France Testing Software Market, Segmentation By Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- 18.5. France Testing Software Market, Segmentation By End-User, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
19. Eastern Europe Testing Software Market
- 19.1. Eastern Europe Testing Software Market Overview
- 19.2. Eastern Europe Testing Software Market, Segmentation By Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- 19.3. Eastern Europe Testing Software Market, Segmentation By End-User, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
20. Russia Testing Software Market
- 20.1. Russia Testing Software Market, Segmentation By Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- 20.2. Russia Testing Software Market, Segmentation By End-User, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
21. North America Testing Software Market
- 21.1. North America Testing Software Market Overview
- 21.2. North America Testing Software Market, Segmentation By Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- 21.3. North America Testing Software Market, Segmentation By End-User, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
22. USA Testing Software Market
- 22.1. USA Testing Software Market Overview
- 22.2. USA Testing Software Market, Segmentation By Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- 22.3. USA Testing Software Market, Segmentation By End-User, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
23. South America Testing Software Market
- 23.1. South America Testing Software Market Overview
- 23.2. South America Testing Software Market, Segmentation By Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- 23.3. South America Testing Software Market, Segmentation By End-User, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
24. Brazil Testing Software Market
- 24.1. Brazil Testing Software Market, Segmentation By Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- 24.2. Brazil Testing Software Market, Segmentation By End-User, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
25. Middle East Testing Software Market
- 25.1. Middle East Testing Software Market Overview
- 25.2. Middle East Testing Software Market, Segmentation By Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- 25.3. Middle East Testing Software Market, Segmentation By End-User, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
26. Africa Testing Software Market
- 26.1. Africa Testing Software Market Overview
- 26.2. Africa Testing Software Market, Segmentation By Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- 26.3. Africa Testing Software Market, Segmentation By End-User, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
27. Testing Software Market Competitive Landscape And Company Profiles
- 27.1. Testing Software Market Competitive Landscape
- 27.2. Testing Software Market Company Profiles
- 27.2.1. Tata Consultancy Services Limited
- 27.2.1.1. Overview
- 27.2.1.2. Products and Services
- 27.2.1.3. Strategy
- 27.2.1.4. Financial Performance
- 27.2.2. Cognizant Technology Solutions
- 27.2.2.1. Overview
- 27.2.2.2. Products and Services
- 27.2.2.3. Strategy
- 27.2.2.4. Financial Performance
- 27.2.3. Capgemini SE
- 27.2.3.1. Overview
- 27.2.3.2. Products and Services
- 27.2.3.3. Strategy
- 27.2.3.4. Financial Performance
- 27.2.4. IBM Corporation
- 27.2.4.1. Overview
- 27.2.4.2. Products and Services
- 27.2.4.3. Strategy
- 27.2.4.4. Financial Performance
- 27.2.5. Wipro Limited
- 27.2.5.1. Overview
- 27.2.5.2. Products and Services
- 27.2.5.3. Strategy
- 27.2.5.4. Financial Performance
28. Key Mergers And Acquisitions In The Testing Software Market
29. Testing Software Market Future Outlook and Potential Analysis
30. Appendix
- 30.1. Abbreviations
- 30.2. Currencies
- 30.3. Historic And Forecast Inflation Rates
- 30.4. Research Inquiries
- 30.5. The Business Research Company
- 30.6. Copyright And Disclaimer