Information Communications Media Technology Market News

Software testing services market forecasts to 2020 insights shared in detailed report

One of the key drivers for the growth of the market is the growing popularity of crowdsourced testing.

- Advertising -

Publisher's research analyst predicts the global software testing services market to grow at a CAGR of close to 11% during the forecast period. 

Crowdsourcing is a collective effort from people working in different locations on a single online project. Crowdsourced testing has gained immense popularity over the years because it is the only testing process that offers real-time feedback on product development, provide insights about the quality of the product, and helps tester detect bugs and defects over the software testing life cycle.

- Advertising -


Industry-specific testing services offerings is another significant trend that is envisaged to propel the growth of the software testing services market during the forecast period. Recent developments have driven companies to align testing services into vertical specializations, which has gained popularity over the years.

For instance, Infosys, one of the key players in the global software development market, offers testing services through various specialized practices, such as healthcare, insurance, and retail validation and testing practice.

For more information www.reportsweb.com/global-software…-market-2016-2020

Product segmentation and analysis of the software testing services market 
- Application testing services 
- Product testing services 

At present, the application testing services segment dominates the software testing services market, with a market share of over 88%. The growth of this segment is projected to continue over the next five years due to an increase in application verticalization specific to a concentrated user base.

The growing consumerization of IT has encouraged companies to develop versatile applications to strengthen their presence and engage customers.

Segmentation by end-users and analysis of the software testing services market 
- BFSI
- Financial services 
- Media 
- Telecommunications 
- Others 

In 2015, the financial services sector led the market with more than 34% of the total market share. Almost all the financial application development and maintenance requires a high degree of testing services throughout the software development lifecycle.

Intense competition among global leaders and the shift to specialized services are pushing financial institutions to seek for enterprise-grade testing services. 

Request Sample Copy www.reportsweb.com/inquiry&RW0001202239/sample

Competitive landscape and key vendors
The presence of a large number of providers has driven the software testing services market to grow tremendously over the years. Companies are forging partnerships with niche players to improve their software tool packages and enhance ongoing innovations.

The market in North America is dominated by IBM, Accenture, and Cognizant, whereas Capgemini, TCS, Wipro, and Infosys hold strong positions in EMEA and APAC.

The top vendors in the market are - 
- Accenture 
- Capgemini 
- IBM
- Wipro 

Other prominent vendors in the market include Atos, Cigniti, Cognizant, CSC, Deloitte, Gallop Solutions, Hexaware, HP, Infosys, NTT Data, QualiTest Group, SQS, Steria, TCS, Tech Mahindra, and UST Global.

Make an enquiry: www.reportsweb.com/inquiry&RW0001202239/buying

News From

ReportsWeb - Market Research ReportsReportsWeb
Category: Market Research Publishers and RetailersCompany profile: ReportsWeb is a one-stop shop for market research reports and solutions to various companies across the globe. We help our clients in their decision support system by helping them choose most relevant and cost-effective research papers and solutions from various publishers. The market research industry has changed in last decade. As the corporate focus has shifted to niche markets and emerging countries, some publishers have stepped in to fulfill these information needs. We have experienced and ...