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Application Testing Services Market by Service Type, Testing Type, Delivery Model, Organization Size, Vertical And Region - Global Forecast to 2022

Application Testing Services Market: Global Forecast until 2022

  • October 2017
  • 127 pages
  • ID: 5169659
In this report:
The large enterprises segment in North America is estimated to be USD ##.## billion in 2017 and is projected to reach USD ##.## billion by 2022, at a CAGR of ##.##% during the forecast period.
The large enterprises segment of the application testing services market is expected to grow from USD ##.## billion in 2017 to USD ##.## billion by 2022, at a CAGR of ##.##% between 2017 and 2022.

Summary

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Digital transformation of businesses is predicted to push the rise of the application testing services market

The application testing services market is forecasted to grow from ~$26.6B in 2017 to ~$50.1B by 2022, at a compound annual growth rate of 13.50 percent during the forecast period. Factors influencing the increase of the application testing services market are the digital transformation of businesses and rised adoption of automation testing processes in different industries

Established on service type, the professional services segment is estimated to result the application testing services market in 2017

Established on service type, the professional services segment is estimated to result the application testing services market in 2017. This increase can be connected to the increased adoption of professional application testing services that contain planning, designing, consulting, and training, in firms global

Established on delivery model, the offshore segment is estimated to result the application testing services market in 2017

Established on delivery model, the offshore segment is estimated to result the application testing services market in 2017. In offshore application testing, software developers utilize different testing instruments to detect errors, improve the quality of applications, and reduce business risks for clients. The increase of the offshore segment is mainly influenced by the increased adoption of offshore delivery model in companies to minimize costs combined with testing processes

Based on vertical, the BFSI segment is estimated to result the application testing services market in 2017

Based on vertical, the BFSI segment is estimated to result the application testing services market in 2017. The increased adoption of application testing services in the BFSI industry can be accredited to the benefits of application testing services that contain mitigating risks combined with data breach and ensuring that banking activities are executed in a safe manner

The application testing services market in the Asia Pacific area is forecast to grow at the highest CAGR (Compound annual growth rate) during the outlook period

Established on area, the application testing services market has been divided into north america, EU, Asia-Pac, the Middle East area & African continent, and Latin America area. The application testing services market in the Asia Pacific area is expected to grow at the highest compound annual growth rate (CAGR) between 2017 and 2022. The high adoption rate of digital technologies, especially in Australia, India (IN), China (CN), Japan (JP), and Singapore (SG), has made Asia Pacific a lucrative market for application testing services.

Comprehensive interviews were managed with Chief Executive Officers, marketing directors, innovative products and technology directors, and executives from top organizations operating in the application testing services market. The breakdown of primary participants is listed below.

- By Company Type: Tier 1: 40.0 percent, Tier 2: 40.0 percent, and 1/3 3: 20.0 percent

- By Designation: C Level: 40.0 percent, Director Level: 20.0 percent, and Others: 40.0 percent

- By area: North america (NA): 30.0 percent, Europe: 30.0 percent, Asia Pacific: 20.0 percent, and RoW: 20.0 percent

Segment Research

The application testing services market has been split on the basis of service type, testing type, delivery model, organization size, vertical, and area. Established on service type, the application testing services market has been categorized into managed services and professional services. Established on testing type, the application testing services market has been categorized into functionality testing, usability testing, performance testing, compatibility testing, security testing, compliance testing, automation testing, and others (localization testing, mobile application testing, and crowdsourced testing).

Established on delivery model, the application testing services market has been split into onshore, offshore, nearshore, and onsite. Established on organization size, the application testing services market has been divided into small & medium enterprises and big enterprises. Based on vertical, the application testing services market has been broken down into telecom & IT, Banking, Financial services and Insurance (BFSI), healthcare & life sciences, government & public market, media & entertainment, manufacturing, retail, energy & utilities, logistics & transportation, and others (education, aerospace & defense, and automotive). Moreover, established on area, the application testing services market has been categorized into North America continent, Europe (EU), Asia Pacific (APAC), Latin America area, and the Middle East (ME) & African continent.

Main highlights

The market research will facilitate industry top players and new sector entrants in the application testing services market by providing them the closest approximations of revenues of the sector and its sub-segments. This industry report will also assist partners distinguish the competitor overview, gain insights to better option their businesses, and implement suitable go-to-market approaches. It will further help partners comprehend the pulse of the sector and offer them with info on main market drivers, market restraints, opportunities, and alternatives.

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