Software Testing Market Size, Share, Growth, And Industry Analysis By Type (Operational Testing, Automated Tests, Performance Testing, Security Testing, And Other Services) By Application (BFSI, Media, Telecommunications, Government And Institutes, And Others) Regional Forecast To 2031

Updated On: 08 April 2024

Software Testing Market Report Overview

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The global software testing market size was USD 87.4256 billion in 2021. As per our research, the market is expected to reach USD 658.03 billion in 2031, exhibiting a CAGR of 21.71% during the forecast period. 

The global COVID-19 pandemic has been unprecedented and staggering, with software testing market experiencing higher-than-anticipated demand across all regions compared to pre-pandemic levels. The sudden rise in CAGR is attributable to the market's growth and demand returning to pre-pandemic levels once the pandemic is over. 

A software testing program is used to find any flaws, mistakes, or other shortcomings of software prior to its release. Multiple iterations of the program are run during the test to ensure no problems in the code. An upcoming piece of software can be tested to improve its functionality and user interface for any business or technical application across all sectors. Any software is subjected to testing, which also contributes to verifying and validating a software's source codes to ensure that it functions without error for end users.

The growth of test automation services and the software-testing market's capacity drive the market to produce the best results consistently. The market for software testing has become increasingly popular due to the global increase in urbanization. It is anticipated that the market will continue to expand in popularity throughout the years to come due to the increasing use of mobile cell phones and the apps they enable. The increased adoption of the DevOps approach and the expanding use of software testing for machine learning and artificial intelligence are other factors fueling the expansion of the market for software testing.

COVID-19 Impact: The Market Saw Growth Due To Rise In COVID-19 Stats Applications

The majority of the markets saw negative effects during the pandemic as a result of the lockdown regulations put in place to avoid COVID-19. Due to industry closures, a shortage of raw materials and manpower during the pandemic, and a decline in manufacturing, markets experienced a decline. However, the rise of mobile applications that provide real-time COVID-19 statistics caused the software-testing market to expand during the COVID-19 pandemic, in contrast to most other markets. Many developers began creating applications that specialized in giving vital information on statistics and information related to COVID-19 during the first part of the pandemic, which fueled the software testing market growth.

Latest Trends

"Crowdsourced Testing Could Augment Market Progress"

Crowdsource testing is one of the trends in the software-testing market that is expanding the fastest. Crowdsource testing makes use of temporary workers based all over the world to provide testing services. Usually performed at the end of the software development process, crowdsourced testing involves checking the programs for faults and defects. Many advantages, including inexpensive pricing based on output, software testing in real-time, scalability, and device and geographic coverage, can be obtained through crowdsource testing. A further factor that may contribute to the software testing market's prospective growth is the application of machine learning and artificial intelligence in this field.

Software Testing Market Segmentation

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• By Type Analysis

According to type, the market can be segmented into operational testing, automated tests, performance testing, security testing, and other services. Operational testing is predicted to dominate the market by type during the 2021-2031 market years.

• By Application Analysis

Based on application, the market can be divided into BFSI, media, telecommunications, government and institutes, and others. Among these BFSI segment is anticipated to lead the market by application during the forecast period.

Driving Factors

"Rising Utilization Of Mobile Applications Push Product Demand"

Today, smartphones have become a necessary component of everyone's existence, and the mobile applications they include have also influenced numerous elements of our lives and consequently made numerous tasks easier. Numerous applications are generating revenue for a wide range of organizations, which sparked the creation of diverse software and, as a result, the growth of the market for software testing both now and in the future.

"Increase Of Automation Tests Proliferate Market Success"

The increased success of the market of software testing results from testing services and agile test automation. Agile automation testing is carried out to guarantee the quality, apply new techniques for enhancing testing services, and improve the quality of cloud-based infrastructure for software testing. Agile automation testing promotes the industry's success by effectively raising software quality.

Restraining Factors

"Market Progression Impedes Due To Scarcity Of Professional Testers"

Due to the of a lack of qualified software testing specialists, the market for software testing may eventually see a slowdown. A high degree of certification and experience are expected from the testers due to the intricacy of the tests. Furthermore, some software testing technologies call for testing by subject-matter experts. However, the adoption of digitization in transportation and logistics has a high demand for cost-effective solutions, which directly affects the improvement of applications and software used in the technologies, and this, in turn, will raise the demand for software testing and the shortage of experts in the industry could limit the market growth.

Software Testing Market Regional Insights

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"North America Dominates Market Due To Rising Acclimation Of Smart Products"

Out of all the other regions, the North American region commands most of the software testing market share. The consumers' purchase of smart items for their residences, workplaces, and vehicles puts the region on top. Smart appliances have overtaken the North American market, including TVs, laptops, gaming consoles, and many other items, fast driving up market sales.

The second-highest market share belongs to Europe, which is listed as the following region. Europe now holds one of the top market positions due to the rise in demand for software used in the automotive and transportation industries. The quickly expanding market for electrified vehicles is also outfitted with a wide range of software for easy user interaction. The European market for software testing is experiencing a huge boost to success due to the fast-growing electric automobile market.

Key Industry Players

"Key Players Focus on Partnerships to Gain a Competitive Advantage "

Prominent market players are making collaborative efforts by partnering with other companies to stay ahead of the competition. Many companies are also investing in new product launches to expand their product portfolio. Mergers and acquisitions are also among the key strategies used by players to expand their product portfolios.

List of Market Players Profiled

• Performance Lab (Singapore)
• Kualitatem Inc. (U.S.)
• Oxagile (U.S.)
• Zensar (India)
• QArea Company (U.S.)
• IBM (U.S.)
• DeviQA (Poland)
• Hexaware (India)
• Wipro (India)
• SQS Group (United Kingdom)
• QualiTest Group (United Kingdom)
• QualityLogic (U.S.)
• TCS (India)
• LogiGear (U.S.)
• Infosys (India)
• Capgemini (France)
• BRISA (India)
• Cognizant (U.S.)
• QASource (U.S.)
• QA Mentor (U.S.)
• Sogeti (France)
• QATestLab (Cyprus)
• TestFort (U.S.)
• TestMatick (U.S.)
• HP (U.S.)
• TestingXperts (Damco Group) (Canada)

Report Coverage

This research profiles a report with extensive studies that take into description the firms that exist in the market affecting the forecasting period. With detailed studies done, it also offers a comprehensive analysis by inspecting the factors such as segmentation, opportunities, industrial developments, trends, growth, size, share, and restraints. This analysis is subject to alteration if the key players and probable analysis of market dynamics change.