Market Snapshot:
Testing is a crucial component of ensuring that the product is functional and meets the quality and performance demands of customers. This testing done by the third-party is known as Testing as a Service (TaaS). The TaaS is rapidly gaining traction in the market as a cloud-based delivery model. It is mainly used to reduce the need for in-depth knowledge required for design delivery modes and helps organizations in achieving reduced testing cost. As per an estimation, approximately 10% of world testing services are outsourced to India through the traditional offshoring methods. This trend for outsourcing the testing services has driven global testing as a service (TaaS) market growth.
Segment Analysis
AMA Research have segmented the market of Global Testing as a Service (TaaS) market by Type, Application and Region. On the basis of Type, Functionality Testing are dominating the market in the year 2020 where as Performance Testing stood as second largest market share.
On the basis of geography, the market of Testing as a Service (TaaS) 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 2020. Europe on the other hand stood as second largest market due to the presence of key companies into the region and high technological advancement.
Market Trend
Growing Developments of Innovative Products
Market Drivers
Need To Reduce Operational Time And Cost By Enterprises and Improve Overall Quality Assurance Process And Delivery Framework
Opportunities
Demand to Improve Scalability and Better Time-to-Market, Increasing Software-as-a-Service (SaaS) And Cloud-Based Applications and Increase In Adoption Of Outsourced Testing Services
Restraints
- Lack Of Skilled Professionals
In addition to the aforementioned factor, Need To Reduce Operational Time And Cost By Enterprises
is expected to propel the growth of the market over the forecast period.
Competitive Landscape
The global testing as a Service (TaaS) market is largely competitive and consists of several providers who compete based on factors such as service quality, technology, and pricing. The intense competition, changing consumer spending patterns, demographic trends, and frequent changes in consumer preferences pose significant risk factors for the growth of service providers in the market.
The key Players profiled in the study are QualiTest (United States), Capgemini (France), IBM Corporation (United States), HCL Technologies Limited (India), Tata Consultancy Services (India), The Hewlett-Packard Company (United States), Wipro Limited (India), Accenture Plc (Ireland), Infosys Limited (India), Atos SE (France), Cognizant Technology Solutions Corp. (United States), SGS (Switzerland) and Infor (United States). A lot of United States and Asian players are profiled in the research study indicating a strong market dependence.