What is Software Testing Services Market?
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.
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) are some of the key players profiled in the study.
The vendors in this market are majorly focusing on developing innovative products and solutions in order to cater to the market's demands to remain competitive in the global market. According to the recent global industry crisis due to outbreak of COVID-19 is expected to be one of the major challenges for the vendors of this market as the production and markets of different industries have been shut down for an ambiguous period of time. Research Analyst at AMA predicts that United States, India Players will contribute to the maximum growth of Global Software Testing Services market throughout the predicted period.
Segment Analysis
Analyst at AMA have segmented the market study of Global Software Testing Services market by Type, Application and Region.
On the basis of geography, the market of 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 Number of Software Development Owing to Increasing Adoption of Software Based Devices
- Rising Digitisation in Emerging Economies
Market Trend
- Implementation of Artificial Intelligence (AI) & Machine Learning in Software Testing
- Increasing Demand for Automation
Restraints
Opportunities
- Opportunities in the Asia Pacific Region
Challenges
- Short-term Challenges due to Reduced Operations Across Different Industries & Economic Crisis caused by COVID-19 Pandemic Across the World
Stringent Government Regulations Regarding the Shutting Down of Operations Across Different Industries is Impacting the Software Testing Market Negatively