About Bug Tracking Software
The global bug tracking software is expected to grow at a significant double-digit growth rate of 13.3 percent during the forecast period, according to the AMA study. Bug tracking software is a tool which keeps track of reported software bugs during the development of any software. Growing demand for error-free software development in less time to deliver the products & solutions to customers and rising investments for software testing & developments are some of the major factors aiding into the growth of the global bug tracking software market.
Attributes | Details |
---|
Study Period | 2018-2030 |
Base Year | 2023 |
High Growth Market | Asia Pacific |
Unit | Value (USD Million) |
CAGR | 13.3% |
The vendors in this market are focusing on developing new solutions in order to remove vulnerabilities from the bug tracking software and increase the capability of bug tracing in the software or platform. For instance, in November 2019, Nulab announced that it has added a new feature to its Backlog platform named Kanban Board on the app which will allow the company to reach a larger customer base in the project management software industry. Analyst at AMA Research estimates that United States Players will contribute the maximum growth to Global Bug Tracking Software market throughout the forecasted period. Established and emerging Players should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
Airbrake (United States), Atlassian (Australia), Axosoft, LLC (United States), Bugsnag Inc. (United States), Countersoft (United States), Fog Creek Software (United States), Inflectra Corporation (United States), International Business Machines Corporation (United States), JetBrains s.r.o. (Czech Republic), Nulab (Japan), SmartBear Software (Australia) and Bugcrowd (United States) are some of the key players that are part of study coverage. Additionally, the Players which are also part of the research coverage are Raygun (United States) and Zoho Corporation (United States).
Segmentation Overview
AMA Research has segmented the market of Global Bug Tracking Software market by , Application (Backlog Management, Issue Tracking, Task Management, Workflow Management, Filtering, Release Management and Ticket Management) and Region.
On the basis of geography, the market of Bug Tracking Software has been segmented into 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). North America region held largest market share in the year 2023. Europe, on the other hand, stood as the second largest market due to the presence of key companies in the region and high technological advancement. If we see Market by Enterprise Size, the sub-segment i.e. Small & Medium Enterprises will boost the Bug Tracking Software market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Platform, the sub-segment i.e. Desktop {Windows, iOS} will boost the Bug Tracking Software market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Industry Verticals, the sub-segment i.e. BFSI will boost the Bug Tracking Software market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Deployment, the sub-segment i.e. On-Premise will boost the Bug Tracking Software market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
Growing Automation in Software Development
Market Growth Drivers:
Growing Demand for Error-Free Software Development in Lesser Time to Cater to the Client's Requirements of Software Developers and Rising Investments in the Software Industry for Testing & Development
Challenges:
Challenges in Submitting Issue Requests in Bug Tracking Software
Restraints:
Vulnerabilities in Bug Tracking Software Can Lead to Security Leaks
Opportunities:
Rising Mobile Platform Penetration Across the World for Software Development will Create Huge Opportunities
Market Leaders and their expansionary development strategies
In August 2020, Bugcrowd, announced the launch of Bugcrowd M&A Assessment (Mergers and Acquisitions), a pre-packaged bundle of security tests that combine remotely-deployed penetration testing with the advanced asset discovery, alerting, attribution, prioritization, and management capabilities of the Bugcrowd platform. Organizations can initiate these tests in 72 hours or less—record time for the industry—and access results in real-time, expediting an evidence-based evaluation of a merger target’s cybersecurity posture.
In April 2020, -SmartBear, a leading provider of software development and quality tools, announced it has entered into a definitive agreement to acquire application stability management pioneer, Bugsnag. Bugsnag’s best-in-class, full-stack stability and error monitoring technology is leveraged by industry leaders like Airbnb, Slack, Lyft, and more than 6,000 organizations that prioritize application stability and health in order to continuously deliver high-quality software.
Key Target Audience
Manufacturing, Provider, Supplier and Others
About Approach
To evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have a better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with the purpose to understand the companies positioning regarding the market value, volume, and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply a number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders, etc., and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, the analyst team keeps preparing a set of questionnaires, and after getting the appointee list; the target audience is then tapped and segregated with various mediums and channels that are feasible for making connections that including email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey, etc.