Global Software Testing Service Market to Reach USD 34.49 Billion by 2024, Accenture Plc and Atos SE Emerge as Key Contributors

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Global Software Testing Service Market to Reach USD 34.49 Billion by 2024, Accenture Plc and Atos SE Emerge as Key Contributors to Growth | Technavio Business Wire LONDON — October 12, 2020 Technavio has been monitoring the global software testing service market and it is poised to grow by USD […]

  Global Software Testing Service Market to Reach USD 34.49 Billion by 2024,
  Accenture Plc and Atos SE Emerge as Key Contributors to Growth | Technavio

Business Wire

LONDON -- October 12, 2020

Technavio has been monitoring the global software testing service market and
it is poised to grow by USD 34.49 billion during 2020-2024, progressing at a
CAGR of over 12% during the forecast period. The report offers an up-to-date
analysis regarding the current market scenario, latest trends and drivers, and
the overall market environment.

This press release features multimedia. View the full release here:
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Technavio has announced its latest market research report titled Global
Software Testing Services Market 2020-2024 (Graphic: Business Wire)

Technavio has announced its latest market research report titled Global
Software Testing Services Market 2020-2024 (Graphic: Business Wire)

Although the COVID-19 pandemic continues to transform the growth of various
industries, the immediate impact of the outbreak is varied. While a few
industries will register a drop in demand, numerous others will continue to
remain unscathed and show promising growth opportunities. Technavio’s in-depth
research has all your needs covered as our research reports include all
foreseeable market scenarios, including pre- & post-COVID-19 analysis.
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Frequently Asked Questions-

  * What are the major trends in the market?

  * Growing popularity of crowdsourced testing is one of the major trends in
    the market.

  * At what rate is the market projected to grow?

  * Growing at a CAGR of over 12%, the incremental growth of the market is
    anticipated to be USD 34.49 billion.

  * Who are the top players in the market?

  * Accenture Plc, Atos SE, Capgemini SE, Cognizant Technology Solutions
    Corp., DXC Technology Co., HCL Technologies Ltd., International Business
    Machines Corp., Infosys Ltd., Tata Consultancy Services Ltd., and Wipro
    Ltd. are some of the major market participants.

  * What are the key market drivers and challenges?

  * Increasing adoption of mobile testing is one of the major factors driving
    the market. However, the availability of open-source and free testing
    tools restraints the market growth.

  * How big is the North America market?

  * The North America region will contribute 41% of market growth.

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The market is fragmented, and the degree of fragmentation will accelerate
during the forecast period. Accenture Plc, Atos SE, Capgemini SE, Cognizant
Technology Solutions Corp., DXC Technology Co., HCL Technologies Ltd.,
International Business Machines Corp., Infosys Ltd., Tata Consultancy Services
Ltd., and Wipro Ltd. are some of the major market participants. The increasing
adoption of mobile testing will offer immense growth opportunities. To make
most of the opportunities, market vendors should focus more on the growth
prospects in the fast-growing segments, while maintaining their positions in
the slow-growing segments.

Buy 1 Technavio report and get the second for 50% off. Buy 2 Technavio reports
                         and get the third for free.

                    View market snapshot before purchasing

Technavio's custom research reports offer detailed insights on the impact of
COVID-19 at an industry level, a regional level, and subsequent supply chain
operations. This customized report will also help clients keep up with new
product launches in direct & indirect COVID-19 related markets, upcoming
vaccines and pipeline analysis, and significant developments in vendor
operations and government regulations.

Global Softwares Testing Service Market 2020-2024: Segmentation

Global Softwares Testing Service Market is segmented as below:

  * Product

       * Application Testing
       * Product Testing

  * Geography

       * North America
       * Europe
       * APAC
       * South America
       * MEA

  * End-user

       * BFSI
       * Telecom and Media
       * Manufacturing
       * Retail
       * Others

To learn more about the global trends impacting the future of market research,
download a free sample:
https://www.technavio.com/talk-to-us?report=IRTNTR40590

Global Softwares Testing Service Market 2020-2024: Scope

Technavio presents a detailed picture of the market by the way of study,
synthesis, and summation of data from multiple sources. The global software
testing service market report covers the following areas:

  * Global Softwares Testing Service Market Size
  * Global Softwares Testing Service Market Trends
  * Global Softwares Testing Service Market Analysis

This study identifies the growing popularity of crowdsourced testing as one of
the prime reasons driving the global software testing service market growth
during the next few years.

Technavio suggests three forecast scenarios (optimistic, probable, and
pessimistic) considering the impact of COVID-19. Technavio’s in-depth research
has direct and indirect COVID-19 impacted market research reports.

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Global Softwares Testing Service Market 2020-2024: Key Highlights

  * CAGR of the market during the forecast period 2020-2024
  * Detailed information on factors that will assist global software testing
    service market growth during the next five years
  * Estimation of the global software testing service market size and its
    contribution to the parent market
  * Predictions on upcoming trends and changes in consumer behavior
  * The growth of the global software testing service market
  * Analysis of the market’s competitive landscape and detailed information on
    vendors
  * Comprehensive details of factors that will challenge the growth of global
    software testing service market vendors

Table of Contents:

Executive Summary

Market Landscape

  * Market ecosystem
  * Value chain analysis

Market Sizing

  * Market definition
  * Market segment analysis
  * Market size 2019
  * Market outlook: Forecast for 2019 - 2024

Five Forces Analysis

  * Five Forces Summary
  * Bargaining power of buyers
  * Bargaining power of suppliers
  * Threat of new entrants
  * Threat of substitutes
  * Threat of rivalry
  * Market condition

Market Segmentation by Product

  * Market segments
  * Comparison by Product
  * Application testing - Market size and forecast 2019-2024
  * Product testing - Market size and forecast 2019-2024
  * Market opportunity by Product

Market Segmentation by End-user

  * Market segments
  * Comparison by End-user
  * BFSI - Market size and forecast 2019-2024
  * Telecom and media - Market size and forecast 2019-2024
  * Manufacturing - Market size and forecast 2019-2024
  * Retail - Market size and forecast 2019-2024
  * Others - Market size and forecast 2019-2024
  * Market opportunity by End-user

Customer landscape

  * Overview

Geographic Landscape

  * Geographic segmentation
  * Geographic comparison
  * North America - Market size and forecast 2019-2024
  * Europe - Market size and forecast 2019-2024
  * APAC - Market size and forecast 2019-2024
  * South America - Market size and forecast 2019-2024
  * MEA - Market size and forecast 2019-2024
  * Key leading countries
  * Market opportunity by geography
  * Volume driver - Demand led growth
  * Market challenges
  * Market trends

Vendor Landscape

  * Vendor landscape
  * Landscape disruption

Vendor Analysis

  * Vendors covered
  * Market positioning of vendors
  * Accenture Plc
  * Atos SE
  * Capgemini SE
  * Cognizant Technology Solutions Corp.
  * DXC Technology Co.
  * HCL Technologies Ltd.
  * International Business Machines Corp.
  * Infosys Ltd.
  * Tata Consultancy Services Ltd.
  * Wipro Ltd.

Appendix

  * Scope of the report
  * Currency conversion rates for US$
  * Research methodology
  * List of abbreviations

     

About Us

Technavio is a leading global technology research and advisory company. Their
research and analysis focuses on emerging market trends and provides
actionable insights to help businesses identify market opportunities and
develop effective strategies to optimize their market positions. With over 500
specialized analysts, Technavio’s report library consists of more than 17,000
reports and counting, covering 800 technologies, spanning across 50 countries.
Their client base consists of enterprises of all sizes, including more than
100 Fortune 500 companies. This growing client base relies on Technavio’s
comprehensive coverage, extensive research, and actionable market insights to
identify opportunities in existing and potential markets and assess their
competitive positions within changing market scenarios.

View source version on businesswire.com:
https://www.businesswire.com/news/home/20201012005078/en/

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Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
Email: [email protected]
Website: www.technavio.com/
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