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Software Quality Assurance MarketThe software quality assurance market 2020 is likely to witness a rise in investments. The software is designed to test the performance of different services and solutions. Market Research Future (MRFR)’s observation unveils that the global software quality assurance market is prognosticated to strike 9.6% CAGR across the forecast period. In the report, it has also been shed light on that the valuation of the market is presumed to reach USD 14.01 Bn by the end of 2025.
The availability of a comprehensive set of tests for different verticals is likely to impact the growth pattern of the software quality assurance market positively. Increasing investments across industry domains to enhance performance and efficiency is expected to drive the growth of the software quality assurance market in the foreseeable future. The vendors also provide for experts to identify the deviations and provide solutions. These factors are supposed to accelerate revenue generation for the players in the software quality assurance market on the global front.
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Increasing dependency on digitization is poised to motivate investments in the software quality assurance market. It is poised to encourage the growth trajectory of the market by pushing demand for timely tests. Also, the rising volumes of data being generated, in conjunction with increasing installation of data centers, are assumed to drive the growth of the software quality assurance market. Rising popularity of cloud computing is projected to drive the proliferation of the software quality assurance market in the upcoming years. However, problems related to data security are prognosticated to impact the market adversely.
Drivers and Restraints
This rising demand to reduce the total cost of production by enhancing quality is the influential factor accountable for the growth of the market over the review period. The increasing demand for software quality assurance across industry verticals is expected to offer profitable opportunities to the key market players in the global market. Along with this, the adoption of innovative technologies such as analytics for quality assurance is another opportunity for the vendors in the market. Additionally, the issues related to data security in cloud-based deployments are poised to be a restraint for the growth of the market.
Segmental Analysis
The global crowdsourced testing market has been segmented on the basis of type, platform, organization size, vertical, and region.
Based on type, the crowdsourced testing market has been segmented into functional testing, security testing, usability testing, localization testing, and others. Functionality testing has the largest market share followed by usability testing in 2018, and it is expected to maintain large market share in the forecast period.
By platform, the crowdsourced testing market has been segmented into web-based, mobile-based, and others. Web- based or website-based platform accounted for the largest market share in 2018, and it is expected to register substantial growth in the forecast period.
Based on organization size, crowdsourced testing has been divided into small- & medium-sized enterprises and large enterprises. The large enterprises segment accounted for the larger market share in 2018. However, the SMEs segment is expected to register the higher CAGR in the forecast period (2019–2025).
Based on vertical, the crowdsourced testing market has been segmented into BFSI, retail & consumer goods, IT & telecommunication, media & entertainment, healthcare & life sciences, and others. Retail & consumer good is expected to register the highest CAGR during the forecast period
Regional Analysis
The global software quality assurance market is projected to register a CAGR of 9.6% during the forecast period from 2019 to 2025 to reach USD 14.01 billion by the end of the forecast. The geographic analysis of the market has been conducted for North America, Europe, Asia-Pacific, the Middle East & Africa, and South America.
North America is expected to be the dominating region in terms of the adoption of software quality assurance services and solutions. For the purpose of analysis, the North American market has been segmented into the US, Canada, and Mexico. The growth of this market can be attributed to the high need for software quality assurance solutions in the manufacturing, telecommunications and IT, and healthcare verticals. The US is the leading country-level market, while Mexico is projected to be the fastest-growing during the forecast period.
The European software quality assurance market has been divided into the UK, Germany, France, and the rest of Europe. In terms of market size, Europe is expected to be the second-largest region. The growing demand for enterprises to reduce the total cost of production by improving quality is driving the market growth in Europe. The UK is projected to be the leading country-level market, while Germany expected to register the highest growth over the review period.
The market in the Middle East & Africa and South America, the market is still in the nascent stage and is expected to grow steadily in the near future.
Competitive Analysis
The prominent players operating in the crowdsourced testing market are Global App Testing, test IO Inc., Applause App Quality, Inc., Crowdsprint, Testbirds GmbH, QualiTest Group, qainfotech.com, Rainforest, Digivante, Synack.com, Infosys Limited, Bugcrowd, Planit Testing, Flatworld Solutions Pvt. Ltd, and Crowdsourced Testing SpA.
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