What is Outsourced Software Testing Services Market?
Outsourced software testing services is a technique of re-appropriating the testing of an item to an untouchable association to check whether the item has been made by the client's need or not. An association enrolls another association or a particular programming testing gathering in order to ensure the better idea of programming. This enlisted organization or a group is accountable for arranging programming testing and another technique, and all the system is done inside the association premises. According to the research in the year 2011 worldwide survey has been conducted by Sogeti found that 59% of interviewed organizations conduct between 11% and 50% of their tests manually, while only 23% use automated solutions for over half of their tests.
The market study is being classified by Type (Functional Testing, Non-Functional Testing, Automation Testing and Agile Testing), by Application (BFSI, IT & Telecommunication, Retail, Telecom and IT, Manufacturing, Logistics and Transportation, Energy and Utilities, Media and Entertainment and Others) and major geographies with country level break-up.
Wipro Limited (India), Cognizant Technology Solutions (United States), Capgemini SE (France), Tata Consultancy Services (India), Accenture (Ireland), Infosys Ltd. (India), IBM Corporation (United States), Cigniti Technologies Ltd. (India), Amdocs (United States), ScienceSoft Inc (United States) and QASource (United States) are some of the key players profiled in the study.
The vendors are majorly focusing on providing innovative services & solutions to their customers in order to remain competitive in the market. Research Analyst at AMA predicts that United States Players will contribute to the maximum growth of Global Outsourced Software Testing Services market throughout the predicted period.
Segment Analysis
Analyst at AMA have segmented the market study of Global Outsourced Software Testing Services market by Type, Application and Region.
On the basis of geography, the market of Outsourced Software Testing Services 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). Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Market Drivers
- Growing demand for cost-effective operations and the need to standardize software deployment among organizations is one of the major driving factors of growth
- Continuous Development in the IT Sector
Market Trend
- The emergence of digital technologies such as artificial intelligence (AI) and others
Restraints
- High Implementation Cost and another availablity of substitute techniques of testing
Opportunities
- Mounting IT sectors and Growing need for the development of software in emerging countries is booming the growth opportunities
Challenges
- Lack of Skilled Professionals
Regulations regarding the temporary shutting down of operations of different industries have impacted the market in FY 2020
Key Target Audience
New Entrants/Investors, Analysts and Strategic Business Planners, Outsourced Software Testing Services, Venture Capitalists and Private Equity Firms, Government Regulatory and Research Organizations and End-Use Industry