by The software testing and QA services market is estimated to be valued at US$ 38.42 billion 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:
Software testing involves validating and verifying that software programs and applications perform as expected. It helps identify software bugs, vulnerabilities, and ensures the software adheres to its design and requirements specifications. With the growing complexities in software, testing has become an integral part of the development lifecycle to deliver high quality and reliable software. Services offered include functionality, security, performance, compatibility, and usability testing among others.
Market Dynamics:
The software testing and QA services market is expected to witness significant growth over the forecast period owing to growing adoption of agile methodologies among organizations and expanding digital transformation initiatives globally. Agile methodologies focus on more flexible and iterative development processes that encourage continuous testing. As a result, companies are increasingly relying on testing services to deliver projects on time and ensure high quality of outputs. Furthermore, digital transformation is prompting organizations across industries to adopt new technologies and develop more sophisticated software and applications. This is augmenting the demand for rigorous testing and validation services to eliminate bugs and security vulnerabilities. Growing use of autonomous testing tools and services driven by artificial intelligence is also fueling market growth by enabling rapid, scalable and cost-effective testing procedures. However, lack of skilled testing professionals presents a key challenge for wider adoption of testing services.
Segment Analysis
The global software testing and QA services market is dominated by the web applications testing segment. This is because web applications have become ubiquitous in the last decade with an increasing number of companies developing web and mobile applications. As web applications involve a complex interfacing of front-end and back-end components, they are more prone to bugs and defects. Therefore, dedicated testing is required to ensure a smooth functioning of web applications.
PEST Analysis
Political: The industry is positively impacted by regulations around data privacy and protection which has increased compliance testing requirements for companies handling sensitive customer data.
Economic: The sustained economic growth in major markets has increased IT budgets for quality assurance. As digital transformation becomes a priority, more is being spent on testing.
Social: Greater digital adoption and preference for mobile-first apps has boosted demand for application testing services from companies. Customers expect a bug-free experience on various platforms.
Technological: Emerging technologies like AI/ML, IoT, blockchain, AR/VR require novel testing approaches and methodologies. This encourages innovation in test automation and results in higher spending on testing services.
Key Takeaways
The global software testing and QA services market is expected to witness high growth, exhibiting a CAGR of 13% over the forecast period, due to increasing digital transformation initiatives by companies.
The North American region dominates the market due to early adoption of agile and DevOps practices and a large number of software vendors based in the US and Canada. Continuous spending on new capabilities and upgrade of legacy systems also drives demand from this region.
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. These players are focusing on strategic partnerships and acquisitions to expand their service capabilities and global delivery footprint. Introduction of automated testing, AI-based solutions also help them differentiate in the competitive landscape.
*Note:
1. Source: Coherent Market Insights, Public sources, Desk research
2. We have leveraged AI tools to mine information and compile it
