Application testing services market is projected to grow from $26.59 billion in 2017 to $50.14 billion by 2022, at a CAGR of 13.5% during the forecast period. Factors influencing the growth of the application testing services market are the digital transformation of businesses and increased adoption of automation testing processes in various industries.
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Key Target Audience Application Testing Service Providers, Quality Assurance and Testing Service Vendors, Mobile Application Testing Service Vendors, Desktop & Web Application Testing Service Vendors, Testing Consultants and Engineers.
Applications testing Services Market by Type
- Functionality Testing
- Usability Testing
- Performance Testing
- Compatibility Testing
- Security Testing
- Compliance Testing
- Automation Testing
Application testing services market ecosystem includes key players, such as Wipro (India), Cognizant (US), TCS (India), Accenture (Ireland), Capgemini (France), IBM (US), and Infosys (India).
Application testing services market has been segmented into onshore, offshore, near shore, and onsite. Based on organization size, the application testing services market has been segmented into small & medium enterprises and large enterprises.
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The application testing services market has been segmented into telecom & IT, BFSI, healthcare & life sciences, government & public sector, media & entertainment, manufacturing, retail, energy & utilities, logistics & transportation, and others (education, aerospace & defense, and automotive). Furthermore, based on region, the application testing services market has been classified into North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa.
In Application testing services market research the study based on delivery model, the offshore segment is estimated to lead the application testing services market in 2017. In offshore application testing, software developers utilize various testing instruments to detect errors, improve the quality of applications, and reduce business risks for clients.
The growth of the offshore segment is mainly driven by the increased adoption of offshore delivery model in enterprises to reduce costs associated with testing processes.
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Based on vertical, the BFSI segment is estimated to lead the application testing services market in 2017. The increased adoption of application testing services in the BFSI sector can be attributed to the benefits of application testing services that include mitigating risks associated with data breach and ensuring that banking activities are executed in a safe manner.
In-depth interviews were conducted with Chief Executive Officers (CEOs), marketing directors, innovation and technology directors, and executives from key organizations operating in the application testing services market.
The breakdown of primary participants is listed below.
- By Company Type: Tier 1:40%, Tier 2:40%, and Tier 3: 20%
- By Designation: C Level: 40%, Director Level:20%, and Others: 40%
- By Region: North America:30%, Europe: 30%,Asia Pacific: 20%, and RoW: 20%
Based on region, the application testing services market has been segmented into North America, Europe, Asia Pacific, the Middle East & Africa, and Latin America. The application testing services market in the Asia Pacific region is projected to grow at the highest CAGR from 2017 to 2022.
The high adoption rate of digital technologies, especially in Australia, India, China, Japan, and Singapore, has made Asia Pacific a lucrative market for application testing services.
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