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Report Overview
2023
Base Year
2018-2023
Historical Year
2024-2032
Forecast Year
Global Testing as a Service Market Size
The global testing as a service market is projected to grow at a CAGR of 11.2% between 2024 and 2032. The major drivers of the market include reduced operational costs and increasing technological innovations due to rising research and development activities.
Testing as a Service Market Outlook
- There was a noted increase in global cybersecurity vulnerabilities, with the total number tracked in 2022 rising to 23,964 from 21,518 in 2021.
- As per industry reports, 80% of organisations plan to increase their spending on information security in 2024, driving market’s growth.
- Cybersecurity Ventures predicts cybercrime will cost USD 10.5 trillion annually by 2025, which mandates the need for better software supply chain security.
Testing as a Service Market Report Snapshots
Testing as a Service Market Size
Testing as a Service Market Growth
Testing as a Service Market Trends
Testing as a Service Market Share
Testing as a Service Companies
Testing as a Service Market Regional Analysis
*While we strive to always give you current and accurate information, the numbers depicted on the website are indicative and may differ from the actual numbers in the main report. At Expert Market Research, we aim to bring you the latest insights and trends in the market. Using our analyses and forecasts, stakeholders can understand the market dynamics, navigate challenges, and capitalize on opportunities to make data-driven strategic decisions.*
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Key Questions Answered in the Report
The testing as a software market value is expected to grow at a CAGR of 11.2% between 2024 and 2032.
The increasing complexity of software development, the adoption of agile and DevOps methodologies, and the need for robust security measures are all contributing to the growth of the market.
Key trends aiding market expansion include the rising adoption of the services for automation testing in different sectors, rise of emerging technologies such as IoT, AI, and big data, and growing awareness about the various benefits offered by testing as a service.
Regions considered in the market are North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.
The various enterprise sizes include small and medium size enterprises (SMEs) and large enterprises.
The advantages of testing as a service include hosting of the entire infrastructure on cloud, eliminating the investment required for setting up of servers, and reduced capital costs.
The significant types include functionality testing, usability testing, performance testing, and compatibility testing, among others.
Key players in the market are Accenture plc, Capgemini SE, Cognizant Technology Solutions Corporation, IBM Corporation, Atos SE, DXC Technology Company, Infosys Technologies Limited, TATA Consultancy Services Limited, Wipro Limited, Oracle Corporation, Qualitest Group, and Aspire Systems Private Limited, among others.
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