Increasing Demand For Mobile Based Applications For Transactions, Gaming, Entrainment, And Others Has Driven The Software Testing Market Growth: Cognitive Market Research

Software Testing Market Overview 

Product Overview and Scope of Software Testing 

Software testing is the process of evaluating and verifying whether a software product or application satisfies the specified requirement or not. It is a very crucial part of the software development lifecycle and significant to ensure that software has fulfilled the needs of the users and is free of defects. There are various types of software testing including stress testing, acceptance testing, integration testing, performance testing, usability testing, and functional testing each one has its specific characteristics which help to identify the needs of users, identify the performance, and recognize the defects.

By following the software testing procedure various companies and organizations can increase the quality of their software and decrease the risk of defects being released in the production. Software testing helps to prevent bugs from being released into production. This method is very cost-effective because it reduces the cost of the bugs because after the software is released, bugs require a higher cost to remove them. Moreover, debugging is the main testing method at the time and remained so for the next two decades. Therefore, in the 1980s, development teams looked beyond isolating and fixing software bugs to testing applications in real-world settings. It fixes the stage for a broader view of testing, which encompassed a quality assurance process that is part of the software development life cycle. Software testing also helps to improve software reliability and high-quality applications. It helps to decrease the development cost by identifying and fixing bugs early in the development process. It is beneficial to enhance the performance of the software by identifying and fixing bottlenecks and various performance issues. 

Rising demand for mobile-based applications for entertainment, transaction, gaming, and other purposes is the major factor responsible for the market growth. It assists to recognize errors in the development process which can be fixed before launching in-app. Moreover, nowadays increasing digitalization in various countries also supports the growth of the market. Surging in the adoption of an agile development environment for quality testing and assurance also benefits the demand of the market. Additionally, the adoption of new technological solutions in several sectors such as IT & telecom, BFSI, healthcare, consumer electronics, and others will propel significant opportunities for the software testing services market growth. Due to the high demand from various end-use industries such as the banking, and telecommunication sector, healthcare is expected to grow in the future years. Furthermore, the availability of cloud-based testing services and various technological modernization will affect the software testing services market in the upcoming years. Moreover, the surging use of machine learning as well as artificial intelligence will proliferate the market growth during the forecast period

Software Testing Market – Global Industry Analysis

Market Drivers

• Increasing Demand for mobile-based applications for transactions, gaming, entrainment, and others has driven the software testing market growth

In recent years, the sharing economy has changed the way individuals share and conduct transactions in digital areas. The recent technological advancements have enabled transactions to take place on demand, to be precisely measurable in time and thus more scalable, and to be dynamically matched through an online platform. Advanced digital platforms and devices, such as smartphones and high-speed internet, have increased connectivity.

Therefore, the goal of software testing is to find errors and bugs along with completing the missing requirements. There is a high chance that the final code has errors. Therefore, software testing plays an important role to find errors and they can be identified early and fixed before the software product is delivered. 

Digital platforms coupled with the emergence of new applications provide users with easy access to information about available resources and services. By using different apps, individuals can quickly find and compare options, making it convenient to rent or share assets. The availability of detailed listings, photos, reviews, and ratings helps users make informed decisions. On the other hand, while using these apps, especially payment transactions, there is a high risk of data theft and cyber-attacks. Software testing also provides data security and people can do payment transactions more securely.

Moreover, the increasing adoption of smartphones is supporting the growth of the software testing market. Smartphones provide individuals with constant access to sharing economy platforms, enabling on-the-go booking, real-time communication with service providers, and instant updates. The convenience and mobility offered by smartphones have significantly expanded the reach and usage of online services. According to the source GSMA Intelligence, smartphones accounted for 68% of total mobile connections in 2020, compared to 64% in 2019 and 47% in 2016 across the world. Thus, the increasing usage of smartphones globally led to adopt the digital platforms, which has increased the need for software testing in recent years.

• Growing digitalization in developing economies will proliferate the market growth Chapter

Global Software Testing Revenue by Regions (2018-2023)

Global Software Testing Revenue and Market Share (%) by regions (2018-2023)

Global software testing market was valued at USD 41.23 billion in 2022 and is expected to grow at a CAGR XX% over the forecast period, from 2023 to 2030.

Global Software Testing Market Segmentation Analysis

By Type

•    Test consulting and compliance
•    Quality assurance testing
•    Application and software testing
•    Risk and compliance testing covering
•    Others

By Component

•    Application testing
o    Functional Testing
o    Non-Functional testing
•    Services

By Application

•    IT & Telecom
•    BFSI
•    Manufacturing
•    Retail
•    Healthcare
•    Transportation & Logistics
•    Government & Public Sector
•    Consumer Electronics
•    Media
•    Others
 
On the basis of components, the global software testing market is segmented into application testing and services. In 2022, application testing held the largest market share in terms of revenue due to rising spending by enterprises on software development for data security and product safety. The increasing mobile-based application will augment the further growth of segment.

Global Software Testing Market, by Components

Source: Cognitive Market Research

On the other hand, the rise in enterprise cyber breaches is one of the prominent factors triggering the global software testing market trends in the services segment. Over recent years, cyber-attacks from ransomware and cybersecurity have been growing. Thereby, an increase in efforts to combat security threats will accelerate IT professional services procurement. Furthermore, the escalating deployment of cloud computing technology will also drive the use of these services to ensure accurate business intelligence, forecasting, and other business optimizations which will drive the market growth during the projected period

Market Players

•    QA Mentor Inc
•    Atos SE
•    A1QA Inc
•    ScienceSoft Corporation
•    TestMatick Ltd
•    DeviQA Solutions
•    QualityLogic Inc
•    TestingXperts
•    Expleo Group SAS
•    Hexaware Technologies Ltd
•    International Business Machines (IBM) Corp.
•    Kualitatem Inc
•    Oxagile LLC
•    QualiTest Group
•    Testfort Inc

Related Report

•    Global Outsourced Software Testing Services Market
•    Global Software Testing and QA Service Market
•    Global Medical Device Software Testing Services Market
•    Global Software Testing Tools Market
•    Global Automated Software Testing Market
•    Global Software Testing System Integration Market
•    Global Software Testing Services Market
•    Global Software Testing in Telecom Market
•    Global Aerospace Software Testing Market

Global Software Testing Manufacturers Profiles/Analysis

IBM Corporation

IBM Corporation Basic Information, Manufacturing Base, Sales Area, and Competitors

Business Segment/ Overview:

IBM Corporation is a U.S.-based company that offers computer hardware, middleware, and software, and provides hosting and consulting services in areas ranging from mainframe computers to nanotechnology. The company operates through four business segments including software, consulting, infrastructure, and financing. 
•    The software segment comprises two business areas as a hybrid platform & solutions and transaction processing
•    Its consulting segment provides industry expertise and capabilities in business transformation and technology implementation. Consulting designs and builds open, hybrid cloud architectures and optimizes key workflows and business processes with IBM and ecosystem partner technologies. Consulting comprises three business areas such as business transformation, technology consulting, and application operations. 
•    The infrastructure segment provides solutions for the hybrid cloud and is the foundation of the hybrid cloud stack. Infrastructure comprises two business areas including hybrid infrastructure and infrastructure support.
•    Financing facilitates IBM clients’ acquisition of information technology systems, software, and services through its financing solutions. The financing comprises the following two business areas such as client financing and commercial financing

Software Testing Product Types Specification

Business Strategy

IBM has a significant focus on strategic inorganic development through acquisition and mergers to strengthen its product portfolio. For instance, in July 2022, the company acquired Databand.ai to strengthen its software portfolio across data, AI, and automation to address the full spectrum of observability. IBM Corporation focuses on innovation and develops new innovative products and solutions. For instance, the company launched new AI-enabled solutions such as the IBM Environmental Intelligent Suite, to make its clients more sustainable over time. Additionally, it has launched a new IBM Z and cloud modernization center for the acceleration of the hybrid cloud. The company is involved in collaboration with various companies for the development of various solutions. Also, the company is investing a huge amount in research & development activity to develop new technologies and improve its existing ones, ensuring that the company stays in the vanguard of technological innovation that helps enterprises achieve their digital transformations.