Global Software Testing Services Market 2016-2020

2015-12-16
Price :
Published : Dec-2015
No. of Pages : 62

The research analyst predicts the global software testing services market to grow at a CAGR of close to 11% during the forecast period. One of the key drivers for the growth of the market is the growing popularity of crowdsourced testing. Crowdsourcing is a collective effort from people working in different locations on a single online project. Crowdsourced testing has gained immense popularity over the years because it is the only testing process that offers real-time feedback on product development, provide insights about the quality of the product, and helps tester detect bugs and defects over the software testing life cycle.

Industry-specific testing services offerings is another significant trend that is envisaged to propel the growth of the software testing services market during the forecast period. Recent developments have driven companies to align testing services into vertical specializations, which has gained popularity over the years. For instance, Infosys, one of the key players in the global software development market, offers testing services through various specialized practices, such as healthcare, insurance, and retail validation and testing practice.

Product segmentation and analysis of the software testing services market

  • Application testing services
  • Product testing services

At present, the application testing services segment dominates the software testing services market, with a market share of over 88%. The growth of this segment is projected to continue over the next five years due to an increase in application verticalization specific to a concentrated user base. The growing consumerization of IT has encouraged companies to develop versatile applications to strengthen their presence and engage customers.

Segmentation by end-users and analysis of the software testing services market

  • BFSI
  • Financial services
  • Media
  • Telecommunications
  • Others

In 2015, the financial services sector led the market with more than 34% of the total market share. Almost all the financial application development and maintenance requires a high degree of testing services throughout the software development lifecycle. Intense competition among global leaders and the shift to specialized services are pushing financial institutions to seek for enterprise-grade testing services.

Competitive landscape and key vendors

The presence of a large number of providers has driven the software testing services market to grow tremendously over the years. Companies are forging partnerships with niche players to improve their software tool packages and enhance ongoing innovations. The market in North America is dominated by IBM, Accenture, and Cognizant, whereas Capgemini, TCS, Wipro, and Infosys hold strong positions in EMEA and APAC.

The top vendors in the market are -

  • Accenture
  • Capgemini
  • IBM
  • Wipro

Other prominent vendors in the market include Atos, Cigniti, Cognizant, CSC, Deloitte, Gallop Solutions, Hexaware, HP, Infosys, NTT Data, QualiTest Group, SQS, Steria, TCS, Tech Mahindra, and UST Global.

Key questions answered in the report include

  • What will the market size and the growth rate be in 2020?
  • What are the key factors driving the global software testing services market?
  • What are the key market trends impacting the growth of the global software testing services market?
  • What are the challenges to market growth?
  • Who are the key vendors in this market space?
  • What are the market opportunities and threats faced by the vendors in the global software testing services market?
  • Trending factors influencing the market shares of the Americas, APAC, and EMEA.
  • What are the key outcomes of the five forces analysis of the global software testing services market?
Filed in: Information Technology, Software and Services
Publisher : Technavio
More Reports
Title Price Buy Now

Global Project Portfolio Management Software Market 2017-2021

About Project Portfolio Management Software PPM software enables the monitoring of project performance based on the allocation of resources within a time frame and budgetary limits while managing the risks involved. The software also helps to examine the risk-reward ratio of each project, duration of the project, and the expected outcomes. Project Portfolio Management (PPM) is the consolidated and synchronized management of the methods, processes, and tools that are used by project managers and stakeholders. It helps in planning, executing, managing, controlling, and analyzing current and proposed projects in line with the organization's strategic objectives. The analysts forecast global project portfolio management software market to grow at a CAGR of 12.34% during the period 2017-202......
$3500

Global Sports Software Market 2017-2021

About Sports Software Sports software is used to capture data about competitions and matches happening across leagues, clubs, sports associations, and sports academies. The software enables coaches to plan, measure, and analyze the player's performance, thereby helping in collaboration among players within the team. The market encompasses features of sports software such as game scheduling, competition management, team management, access to member database, online payment processing, communication tools, and online registration. The analysts forecast global sports software market to grow at a CAGR of 13.43% during the period 2017-2021. Covered in this report This report covers the present scenario and the growth prospects of the global sports software market for 2017-2021. To cal......
$3500

Global Legal Process Outsourcing Services Market 2017-2021

About Legal Process Outsourcing Services LPO is the process of procuring legal services from an external provider. The cost of legal proceedings is increasing at a progressive pace. The outsourcing of these services is of strategic importance for law and corporate firms to reduce their expenditure on legal matters. LPO offers access to legal expertise from different countries and builds their core competencies. It helps clients increase their operational efficiency, reduce time-to-market cycles, obtain access to fresh talent, and equip organizations with an economical cost structure. The analysts forecast global legal process outsourcing services market to grow at a CAGR of 28.67% during the period 2017-2021. Covered in this report This report covers the present scenario and the ......
$3500

Global Smart Home M2M Market 2017-2021

About Smart Home M2M A smart home comprises of an internal network, home automation, and intelligent control. It is equipped with advanced and automated digital devices, home appliances, and equipment that are interconnected to each other. This facilitates sophisticated monitoring and control over the building's functions. Smart home devices perform three major actions — remote status checks, remote information, and remote control — to implement any action from a remote location. The analysts forecast global smart home M2M market to grow at a CAGR of 32.22% during the period 2017-2021. Covered in this report This report covers the present scenario and the growth prospects of the global smart home M2M market for 2017-2021. To calculate the market size, the report considers the r......
$3500

Global Data Center Construction Market 2017-2021

About Data Center Construction A data center is a centralized storehouse — physical or virtual — for remote storage, and processing of data and information. Data centers constitute the backbone of essential business operations. There is a significant growth in the enterprise application worldwide because of the use of advanced technologies to gain competitive advantage. Enterprises are focusing on the construction of green data centers to reduce power consumption and protect the environment. The construction of a data center includes design, architecture, installation of electrical and mechanical systems, as well as general construction services. Data center certifications have gained importance, especially for colocation and managed hosting service providers. They use these certificati......
$3500

Global Anti-Money Laundering Software Market 2017-2021

About Anti Money Laundering Software Money laundering is a process by which criminals convert illegally obtained profit into seemingly legitimate funds. They hide the source of such profits and try to prove that they are from a legitimate source. Money laundering is a worldwide issue. The reason for criminals to launder their illegal funds is that they can later use this money in the markets without any hindrance and without the fear of it being tracked. Laundering prevents the funds from being confiscated by the police. In money laundering, once the funds are deposited in a foreign bank, they can be moved through accounts of shell corporations that exist mainly for laundering purposes. The high volume of wire transfers daily makes it difficult for law enforcement agencies to trace these ......
$3500

Global Audio and Video Editing Software Market 2017-2021

About Audio and Video Editing Software The demand for proprietary software and free professional software, such as Lightworks, is high in the market. The increased use of video content in social media has accelerated the demand for audio and video editing software. In addition, online video editing software is becoming a viable solution for editing and managing video content. Animoto and WeVideo are some of the prominent players in this industry. Acquisitions of smaller companies take place on a regular basis. For instance, Pinnacle Systems was acquired by Avid in 2005. Corel, a Canadian software company, acquired Pinnacle Systems from Avid in 2012. The analysts forecast global audio and video editing software market to grow at a CAGR of 10.31% during the period 2017-2021. Covered i......
$3500

Global Outdoor Advertising Market 2017-2021

About Outdoor Advertising Outdoor advertising is a mass market medium used to broadcast messages for branding and support campaigns. The expenses of outdoor advertising are split between traditional physical and digital. Traditional physical outdoor media include billboards, street furniture, transit displays, and commercial displays. Digital outdoor media include media that are connected to the network such as smart billboards. The analysts forecast global outdoor advertising market to grow at a CAGR of 4.51% during the period 2017-2021. Covered in this report This report covers the present scenario and the growth prospects of the global outdoor advertising market for 2017-2021. To calculate the market size, the report explains the market with a detailed forecast of its revenue.......
$3500

Global Consumer Billing Management Software Market 2017-2021

About Consumer Billing Management Software CBM software assists in the payment process for recurring bills. It is designed for organizations which have many customers, high data volumes, and various business processes. This software helps end-users securely manage customer account information such as bills, statements, and other data. This software enables end-users to realize their business operations efficiently. It helps consumers with highly personalized online account information and self-service capabilities across multiple channels such as PDF, web, hand-held devices, interactive voice response (IVR), and e-mail. The analysts forecast global consumer billing management software market to grow at a CAGR of 6.61% during the period 2017-2021. Covered in this report This repor......
$3500

Global Session Initiation Protocol Trunking Market 2017-2021

About Session Initiation Protocol Trunking Session Initiation Protocol (SIP) trunking is an Internet-based service that permits Voice over Internet Protocol (VoIP) users to stay connected in local and long-distance calls to and from endpoints in the traditional phone network. The analysts forecast global session initiation protocol trunking market to grow at a CAGR of 18.23% during the period 2017-2021. Covered in this report This report covers the present scenario and the growth prospects of the global session initiation protocol trunking market for 2017-2021. To calculate the market size, the report considers the revenue obtained from the sales, deployment, and maintenance of SIP trunking used for enterprise applications. The report segments the market revenue based on end-user......
$3500