Market Highlights: The global software testing services market is expected to grow at a healthy pace during the forecast period, according to the AMA study. Increasing digitisation across emerging economies and growing software development owing to increasing adoption of software based technologies are expected to be some of the major factors aiding into the growth for the market. However, the market is expected to witness decline in the growth during FY 2020 but it is again expected to rise with a healthy pace after the COVID-19 pandemic is over. The market study is being classified by Type (On-Premise, Cloud Based and Web Based), by Application (System Testing, Unit Testing, Integration Testing, Smoke Testing, Regression Testing, Performance Testing, Security Testnig and Others) and major geographies with country level break-up that includes South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico).
Key Players: The prominent players in the Software Testing Services are Accenture (Ireland), Amdocs (United States), Atos (France), Capgemini SE (France), Cognizant Technology Solutions Corp. (United States), DXC Technology (United States), HCL Technologies Ltd. (India), IBM (United States), Infosys Ltd. (India), Tata Consultancy Services Ltd. (India) and Wipro Ltd (India).
Key Questions Answered in the Report What will the Software Testing Services Market size and the growth rate be in Future? What are the key factors driving the Software Testing Services Market? What are the key market trends and macro-economic impacting the growth of the Software Testing Services Market? What are the challenges to market growth? Who are the key vendors in the Software Testing Services Market? What are the market opportunities and threats faced by the vendors in the Software Testing Services Market? Trending factors influencing the market shares of the Players. What are the key outcomes of the five forces analysis of the Software Testing Services Market?
Research Methodology: The top-down and bottom-up approaches are used to estimate and validate the size of the Global Software Testing Services market. In order to reach an exhaustive list of functional and relevant players various industry classification standards are closely followed such as NAICS, ICB, SIC to penetrate deep in important geographies by players and a thorough validation test is conducted to reach most relevant players for survey in Software Testing Services market. In order to make priority list sorting is done based on revenue generated based on latest reporting with the help of paid databases such as Factiva, Bloomberg etc. Finally the questionnaire is set and specifically designed to address all the necessities for primary data collection after getting prior appointment. This helps us to gather the data for the players revenue, operating cycle and expense, profit along with product or service growth etc. Almost 70-80% of data is collected through primary medium and further validation is done through various secondary sources that includes Regulators, World Bank, Association, Company Website, SEC filings, OTC BB, Annual reports, press releases etc.