North America segment holds the largest share in the global Software Testing and QA Services market

Software Testing and QA Services Market
Software Testing and QA Services market


Report Overview:

The global Software Testing and QA Services Market is estimated to be valued at US$ 38.42 Bn in 2023 and is expected to exhibit a CAGR of 13% over the forecast period 2023 to 2030, as highlighted in a new report published by Coherent Market Insights.

Market Overview:
The Software Testing and QA Services market involves providing assurance that software and IT systems function as expected and meet the needs of the client. Quality assurance plays a vital role in software development by ensuring quality products. With growing digitalization and adoption of technologies, the demand for software testing services is increasing.

Market key trends:
With the increasing complexity of software, the demand for advanced testing methodologies like Test Automation, Artificial Intelligence (AI) in testing, and crowdsourced cloud testing is growing. Test automation uses automation tools to validate software and helps reduce manual effort and errors. AI enhances the software testing process with features like self-healing tests, test case generation, anomaly detection, and predictive analysis. Cloud testing uses distributed testing on the cloud infrastructure to test software from different platforms simultaneously.

Segment Analysis
The global software testing and QA services market can be segmented based on service type, organization size, verticals and regions. Based on service type, the market is segmented into testing types (functional testing, non-functional testing, automation testing), application testing (web applications, mobile applications, cloud applications) and managed services. Automation testing is currently dominating the segment owing to faster testing and reduced costs.

Key Takeaways
The global software testing and QA services market is expected to witness high growth, exhibiting CAGR of 13% over the forecast period 2023 to 2030, due to increasing need for faster software delivery and reducing costs.

The US currently dominates the market with a share of over 35% in 2023 due to presence of major service providers. Asia Pacific is expected to grow at the fastest rate during the forecast period due to availability of technical expertise at lower costs in countries such as India, China and Philippines.

Key players operating in the software testing and QA services market are TCS, Wipro, Cognizant, Infosys, IBM, Qualitest, CGI, Mindtree, Cygnet Infotech, Maveric Systems, QA Mentor, A1QA, QA Source, QASource, Capgemini, Accenture, HCL Technologies, Atos, DXC Technology, Tech Mahindra. The market is highly fragmented with the top 5 players accounting for less than 25% share. TCS, Wipro and Cognizant are currently leading the market owing to their global delivery model and ability to provide end-to-end testing services.

Read More:

https://www.dailyprbulletin.com/software-testing-and-qa-services-market-connected-with-rising-demand-for-software-automation-outsourcing-services/

 

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