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Cloud Testing Market by Component, Testing Tool/Platform, Service, Vertical And Region - Global Forecast to 2022

Cloud Testing Market: Global Forecast until 2022

  • February 2018
  • 142 pages
  • ID: 5312888
In this report:
The retail and eCommerce vertical has the largest market size and is expected to grow from USD ##.## million in 2017 to USD ##.## million in 2022, at a CAGR of ##.##% during the forecast period.
The retail and eCommerce vertical has the largest market size and is expected to grow from USD ##.## million in 2017 to USD ##.## million by 2022, at the CAGR of ##.##% during the forecast period.

Summary

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Rapid adoption of cloud, flexible and scalable delivery model, and reduced cost of ownership are forecast to steer the cloud testing market increase.

The cloud testing market is forecasted to grow from ~$5.6B in 2017 to ~$10.2B by 2022, at a Compound Annual Increase rate of ~13.0 percent during the forecast period. The market increase is influenced by the increased adoption of cloud technologies across both big and small enterprises. On the other hand, stringent government rules and regulations may restrain the increase of this market

Banking, Financial Services, and Insurance vertical is anticipated to grow at the highest compound annual growth rate (CAGR) during the estimate period.

The digitalization of businesses has revolutionized the application development and testing market space for several verticals. Banking applications and web services offer a broad spectrum of services to external businesses. These services can be in the form of information about the account types and details, Automated Teller Machine locations, branch locations, business banking credit score checks, and other business banking offerings, containing commercial banking Guaranteed Investment Certificates ; commercial mortgage; and interest, loan, and mortgage rates

Professional services segment is forecasted to have the larger market size during the outlook period.

Professional services consist of training, consulting, and support as well as policy and governance services for the related stakeholders. Cloud testing solutions need some involvement and guidance from technology support groups and service providers to keep the applications up-to-date, according to the changing market scenarios and demands

Asia Pacific (APAC) is anticipated to witness the top compound annual growth rate during the estimate period.

The APAC area is forecast to gain main traction in the cloud testing market during the outlook period. Asia-Pacific has few of the quickest-increasing economies and a favorable market for cloud testing vendors. The territory has the presence of various creditable sectors that are adopting cloud testing tools and services. In the APAC countries, including Australia, China (CN), and Japan (JP), companies are continuously adopting cloud testing solutions to benefit a challenging advantage over their players, by leveraging the cloud testing capabilities.

In the process of finding out and checking the market value for the different segments and sub-segments collected by secondary research, extensive primary audit sessions were managed with main people. The break-up of the profiles of the primary participants is presented below:

• By Organization : Tier 1 - 27.0 percent, Tier 2 - 31.0 percent, and Tier 3 - 42.0 percent

• By Description: C-suite - 35.0 percent, D-level - 40.0 percent, and Others - 25.0 percent

• By Area: North America continent - 42.0 percent, Europe (EU) - 34.0 percent, Asia-Pac - 24.0 percent

The cloud testing ecosystem comprises vendors including IBM (NYSE:IBM), Oracle Corporation (NYSE:ORCL), CA Technologies, Micro Focus, SmartBear Software, SOASTA, Xamarin, Cygnet Infotech, Cavisson Systems, Tricentis, Cigniti, Cognizant, and Capgemini.

Segment Research

The industry report includes detailed competitive review of these main actors in the cloud testing market, together with their company descriptions, recent evolutions, and key industries strategies. The research document breaks down the cloud testing market by component, testing tool/platform, service, vertical, and area.

Reasons to Buy the Report

The cloud testing market has been split on the basis of components, services (professional and managed), testing tools/platforms, verticals, and territories. The study will facilitate industry top players/new sector entrants in this industry in these ways:

1. The document breaks down the cloud testing market comprehensively and offers the best approximations of the revenue data for the global market and its sub-segments. The industry numbers are further split across different verticals and localities.

2. The analysis benefits partners comprehend the pulse of the sector and offers info on the main market drivers, market restraints, opportunities, and alternatives.

3. The market research assists partners in better understanding their challengers and gaining additional insights to enhance the position of their businesses. There is a separate division on the competitive landscape, which comprises the competitor ecosystem, and mergers and acquisitions. Also, the company profiles of 10 players offering services in this sector, have been provided. In this part, the market internals have been offered which can put the partners ahead of their players.

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