Market Overview
The global application testing services market is expected to grow at the CAGR rate of 11% for 2017 and 2023 with the accumulated market value of 11%. The application support service offer supports for quality control and quality assurance as well as providing testing services. Some of the leading key players of the market are Wipro Limited (India), HCL Technologies Limited (India), Cognizant (U.S.), Tata Consultancy Services Limited (India), Xoriant Corporations (U.S.). All these popular market players play a significant role in leading the global application testing services market in a positive directions and keep making innovative approaches to further advance the market sphere. This application testing services can help with increasing a company’s productivity through test automation service, faster time-to-market, optimizing IT spends, and others. Such application support service brings guaranteed return on investments.
There are many driving factors associated with the growth of application testing service market such as big data, cloud, mobility, and others. In testing, implementation of big data helps with verifying large volumes of data. Similarly cloud support service helps with picking the right testing tools, or any specific testing technique applicable for hybrid environment. As the software testing solutions has advanced under the wings of technological revolution, it assists market players to enhance the quality and reliability of their service, which can effectively support organizations in achieving their goals timely.
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Market Segmentation
The global application testing services market is segregated into various market segments that includes service type, testing type, delivery model, organization size, and vertical. Then the service type segment is further classified into professional services, managed services, and others.
On the basis of testing type, the market is again segmented into compatibility testing, compliance testing, functionality testing, security testing, automation testing, performance testing, usability testing and others.
According to the delivery model market segmentation, it is again classified into onsite, onshore, offshore, nearshore, and others.
On the basis of organization size, the market is segmented into small, medium, and large enterprises.
The vertical market segment is again bifurcated into telecom & IT, media & entertainment, BFSI, manufacturing, healthcare, retail, government and others.
Regional Analysis
The regional segmentation of the application testing services market comprises of North America, Europe, Asia Pacific, and the rest of the worlds. As per this market study report North America is one of the leading regions in the world as it currently has the largest share in the global market. The major growth factor of this regional market is the extensive use of media & entertainment, retail, healthcare, manufacturing, government, and others.
It is expected that the European region with achieve rapid growth forecast period in application testing services market. Similarly, Asia-Pacific region is getting fame as an emerging potentially successful market for application testing services. Thus, it is expected that Asia-Pacific will acquire highest CAGR in the upcoming years.
Industry News
In February 2017, Wipro Limited declared that the company has progressed 85% in test automation and 73% in testing of web applications across industries implementing the evolving technology according to their recent studies.
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