Rapid digital transformation across various sectors is a major factor boosting revenue growth of the global cloud testing market
According to the most recent report by Emergen Research, the size of the worldwide cloud testing market is anticipated to reach USD 21.67 billion in 2028 and exhibit a consistent CAGR throughout the projected period. The increased use of cloud computing technologies, the ongoing digital transformation trend, and the growing demand for testing the security and scalability of cloud infrastructure are some of the major drivers driving the global cloud testing market revenue growth.
The demand for cloud testing is increasing as a result of the ability of cloud-sourcing technology to conduct quality assurance (QA) and bug eradication in software testing activities. The cloud testing market is expanding favorably as a result of the introduction and expanding acceptance of DevOps and the cloud, as well as other effective and automated services. DevOps and cloud environments can create testing and configuration environments that are highly scalable, diverse, and complex. This enables vendors to efficiently push code through all types of tests without worrying about server configurations, deployment problems, or bottlenecks, allowing the business to concentrate on product innovation and improvement.
The demand for these testing solutions is also being fueled by the expanding use of machine learning (ML) across numerous industries. Machine learning is being utilized in the banking sector to simulate real-time transactions, and when integrated with AI, it can more accurately identify fraudulent transactions. Organizations that are prepared to enter this digital space will experiment with high-impacting scenarios generated by ML during the predicted period. To be competitive in the market, providers of testing solutions may need to regularly create testing scenarios that can validate all imaginable results. They must be able to recognize shifting trends in the testing industry.
Additionally, a lot of international organizations swiftly embraced the cloud to increase their competitiveness, streamline operations, and save money. Cloud testing is therefore now necessary to confirm the system’s functionality and business requirements. Cloud testing engineers also need to have a thorough awareness of various testing methods and technological advancements. Due to the global spread of COVID-19, businesses have suffered greatly. The market has benefited from the actions taken by some industry participants to fight the crisis.
Key Highlights From the Report
Neotys was purchased by Tricentis in March 2021. Tricentis will be able to use the funds from this acquisition to use automated software testing to speed up the digital transformation of businesses.
During the projected period, the testing platforms and tools segment is anticipated to grow at a 13.6% CAGR. This is due to a growing need for functional testing and performance testing in the telecom and IT industries.
Over the course of the projected period, Asia Pacific is anticipated to have the quickest revenue CAGR. Growing investment in cloud network infrastructure increased acceptance of cloud computing solutions, and the development of the retail, IT, and telecom industries are some of the major drivers of the market’s revenue growth in this area.
Key players in the market include IBM, Oracle, CA Technologies, Micro Focus, SmartBear Software, SOASTA, Xamarin, Cygnet Infotech, Cavisson Systems, and Cigniti Technologies Limited.
Emergen Research has segmented the global cloud testing market based on component, organization size, end-use, and region:
Component Outlook (Revenue, USD Billion; 2018–2028)
- Testing Platforms and Tools
- Functional Testing Tools
- Performance or Load Testing Tools
- GUI Testing Tools
- API Testing Tools
- Service Virtualization Tools
- Cross Browser Testing Tools
- Professional Services
- Managed Services
Organization Size Outlook (Revenue, USD Billion; 2018–2028)
- Small and Medium Enterprises
- Large Enterprises
End-Use Outlook (Revenue, USD Billion; 2018–2028)
- Retail and E-Commerce
- IT and Telecom
- Media and Entertainment
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