According to a report by Future Market Insights (FMI), the global market for codeless testing is anticipated to reach a value of more than US$1.5 billion in 2021, growing at a CAGR of more than 15% from 2021 to 2031. The need for codeless testing tools and services is likely to be driven by the requirement for agile software development and DevOps approaches.
The market will grow as a result of technological developments in the QA testing industry and the newest trends introducing IT field services. Cost optimization is currently among the top goals for businesses worldwide. As a result, software companies think their company should adopt cutting-edge IT practices. Additionally, the emergence of novel technologies has brought about the most recent advancements in software testing, delivery, and design.
Businesses and industries that are pioneering in business analytics and cloud-based solutions are increasingly focusing on digital transformation. The market for codeless testing is anticipated to increase significantly throughout the projected period as a result of this trend in technological progress.
Software testing and quality assurance will be impacted by changes in software testing techniques. Business spending on software testing has increased, especially in sectors like transportation, energy, and utilities. Unexplored prospects in the market for codeless testing include geographic expansion in developing nations and widespread adoption of model-based automation testing software.
Additionally, there is a growth in demand for codeless testing solutions as a result of the quick technical improvements in the IT and telecom sectors. Modern technologies are now crucial for boosting economic competitiveness.
Key Takeaways: Codeless Testing Market
- Codeless testing tools solutions are expected to exhibit growth at a high rate of over 20%, CAGR between 2021 and 2031 owing to the adoption of automated testing solutions in SMEs.
- Small and medium enterprises (SMEs) are likely to exhibit increasing demand for codeless testing at a strong CAGR of above 21% over the assessment period.
- The market in India is expected to progress at a noteworthy CAGR of more than 25% through 2031, driven by the adoption of cloud-based solutions.
- The U.S. will account for over 84% of the North American market, supported by the presence of key market players in the country.
- In the U.K., codeless testing sales are expected to increase at a CAGR of close to 16% over the next ten years, driven by applications in the research sector.
COVID-19 Impact Analysis on Codeless Testing Market
The COVID-19 pandemic has sped up the growth of the codeless testing business, which has been made possible by applications in online banking, e-commerce, and mobile applications for healthcare, entertainment, and other purposes to improve customer experience and speed up delivery times.
Due to the pandemic’s acceleration of the work-from-home trend, codeless testing solutions have seen significant development opportunities in several remote software applications while preserving IT infrastructure.
Additionally, the government-imposed nationwide lockdown has led many businesses to adapt digital and internet platforms into their business models to preserve continuity in services. So, from 2019 to 2021, the market for codeless testing is anticipated to expand by 10% to 13% YoY.
More Valuable Insights on Codeless Testing Market
The codeless testing market report from FMI is divided into five main categories: solution (codeless testing tools and services – testing & QA services, consulting services, integration & implementation, and support & maintenance), application (API testing, mobile app, desktop app, and web app), enterprise size (SMEs and large enterprises), industry (IT & telecom, BFSI, retail, healthcare, government, education, manufacturing, travel & hospitality, media & entertainment), and geography.