What is Stress Testing Service Market?
Stress testing is a sort of software testing that checks a software application's stability and reliability. Stress testing is used to assess software's robustness and error-handling skills under excessive load conditions, as well as to ensure that it does not crash in critical scenarios. It even goes beyond regular operating parameters to assess how software performs in difficult circumstances.
The market study is being classified by Type (Product or Application stress testing, Server-client or distribute Stress Testing, Analytical Stress Testing, Systematic Stress Testing and Transactional Stress Testing) and major geographies with country level break-up.
IBM (United States), Tata Consultancy Services (TCS) (India), Accenture (Ireland), Capgemini (France), Broadcom (United States), Cognizant (United States), SAS Institute Inc. (United States), Sun Technologies (United States), Moody's Analytics, Inc. (United States) and qualitestgroup (United Kingdom) are some of the key players profiled in the study. Additionally, the Players which are also part of the research are Performance Lab (United States), TestMatick LTD (United States) and Abstracta (United States).
The companies are exploring the market by adopting mergers & acquisitions, expansions, investments, new service launches and collaborations as their preferred strategies. The players are exploring new geographies through expansions and acquisitions to avail a competitive advantage through combined synergies. Research Analyst at AMA predicts that United States Players will contribute to the maximum growth of Global Stress Testing Service market throughout the predicted period.
Segment Analysis
Analyst at AMA have segmented the market study of Global Stress Testing Service market by Type, Application and Region.
On the basis of geography, the market of Stress Testing Service has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, 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
- Increasing Adoption Of Mobile Devices And Applications Is Fuels The Growth Of The Market
Market Trend
- Rising The Demand For Artificial Intelligence Based Stress Testing
Restraints
- Lack Of Skilled Professionals
Opportunities
- Growing The Concern Of Security Such As Outsourced Testing And Services And Complications Leads The Demand Of Services
Challenges
- High Cost Associated With Stress Testing Service
On 19 January 2021, Cognizant has entered into an agreement to acquire Magenic Technologies, Inc., a privately-held custom software development services. The acquisition will expand Cognizant's software product engineering footprint, adding 475 employees in the U.S. across seven locations and more than 350 employees in Manila, Philippines. Upon completion of the acquisition, Magenic associates will become part of Cognizant Softvision, connecting Magenic's expertise with Cognizant's global software development capabilities. and On 4 November 2019, Broadcom Inc. a global technology leader that designs, develops and supplies semiconductor and infrastructure software solutions, announced that it has completed its acquisition of the Enterprise Security business of Symantec Corporation
Key Target Audience
Stress Testing Service Provider, New Entrants and Investors, Venture Capitalists, Government Bodies, Corporate Entities, Government and Private Research Organizations and Others