Application Testing Services Market - Forecasts from 2018 to 2023
The application testing services market was valued at US$XX.XX billion in 2017 and is expected to grow at a CAGR of XX.XX% over the forecast period to reach a total market size of US$XX.XX billion by 2023. The growth of this market is majorly attributed to rapid growth of communication and technology industry across all major regions around the globe. Continuous digitization of business processes across industries is fueling the development of software applications. This is driving with it the demand for application testing. Significantly high costs that go into testing phase have been increasing the demand for cost-effective alternatives, thus increasing the demand for application testing services. Presence of a good number of vendors offering these services to customers across all major regions is increasing their adoption, thus boosting the growth of the market. Furthermore, increasing traction of agile and devops methodologies will continue to support the growth of this market over the projected period.
This research study examines the current market trends related to the demand, supply, and sales, in addition to the recent developments. Major drivers, restraints, and opportunities have been covered to provide an exhaustive picture of the market. The analysis presents in-depth information regarding the development, trends, and industry policies and regulations implemented in each of the geographical regions. Further, the overall regulatory framework of the market has been exhaustively covered to offer stakeholders a better understanding of the key factors affecting the overall market environment.
Identification of key industry players in the industry and their revenue contribution to the overall business or relevant segment aligned to the study has been covered as a part of competitive intelligence done through extensive secondary research. Various studies and data published by industry associations, analyst reports, investor presentations, press releases and journals among others have been taken into consideration while conducting the secondary research. Both bottom-up and top down approaches have been utilized to determine the market size of the overall market and key segments. The values obtained are correlated with the primary inputs of the key stakeholders in the application testing services value chain. Last step involves complete market engineering which includes analysing the data from different sources and existing proprietary datasets while using various data triangulation methods for market breakdown and forecasting.
Market intelligence is presented in the form of analysis, charts, and graphics to help the clients in gaining faster and efficient understanding of the application testing services market.
Major industry players profiled as part of the report are Wipro, Cognizant, TCS, Accenture, Capgemini, IBM, Infosys, DXC Technology, Deloitte, QualiTest, Tech Mahindra and SQS.
The application testing services market is segmented by type, enterprise size, end-user industry and geography.
Enterprise Application Testing
Web Application Testing
Desktop Application Testing
Mobile Application Testing
By Enterprise Size
By End-User Industry
Communication and Technology
Media & Entertainment
Transportation and Logistics
Middle East and Africa
Key Questions answered by the report
What is the application testing services market size from 2018 to 2023?
How are the major drivers and restraints affecting the application testing services market and the opportunities which exist for the key vendors?
Which segment and region will drive or lead the market growth and why?
A comprehensive analysis of competitive landscape and key market participants behaviour
Key strategies being adopted by vendors, with in-depth analysis of their impact on competition and market growth.