Application Testing Services Market Research Report- Global Forecast to 2027

Global Application Testing Services Market, by service type (control components, sensing components, display & optoelectronic components), by testing type (smart watches key electronic components, wrist wear key electronic components, smart glasses key electronic components), by delivery model – Forecast till 2027

ID: MRFR/ICT/3224-HCR | October 2022 | Region: Global | 100 Pages         

Application Testing Services Market

Application Testing Services Market is projected to be worth USD 48 Billion by 2027, registering a CAGR of 11% during the forecast period (2020 - 2030)

Segmentation

By Service type Control Components Sensing Components Display & Optoelectronic Components
By Testing type Smart Watches Key Electronic Components Wrist Wear Key Electronic Components Smart Glasses Key Electronic Components
By Vertical Telecom & It Bfsi Media & Entertainment Manufacturing Retail Healthcare

Key Players

  • Wipro Limited (India)
  • Cognizant (U.S.)
  • Xoriant Corporation (U.S.)
  • HCL Technologies Limited (India)
  • Tata Consultancy Services Limited (India)
  • Accenture PLC (Ireland)
  • Capgemini SE (France)
  • International Business Machines Corporation (U.S.)
  • Infosys Limited (India)
  • RapidValue Solutions (U.S.)

Drivers

  • Growing demand for cloud computing and big data is driving the global application testing services market growth.
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Application Testing Services Market Synopsis:


The companies’ such as Wipro Limited (India), Cognizant (U.S.), Xoriant Corporation (U.S.), HCL Technologies Limited (India), Tata Consultancy Services Limited (India), are the leading providers of application testing services in the market. In 2016, Wipro Limited has been positioned as a leader for application testing services by Gartner Magic. It supports quality control and quality assurance. The companies are providing end to end quality assurance and testing services.

The factors that drive the market growth of application testing service are big data, cloud, mobility and others. The big data helps in verification of the large volumes of data as well as in testing. The cloud supporting in picking the right testing tools, techniques for testing in a hybrid environment. The application testing services can increase
productivity through test automation service, optimizing IT spends, faster time-to-market and others.  These services also leverages reusable assets and ensure returns on investment. The improved software testing solutions, benefit by enhancing the quality and reliability, and supports organizations to achieve their target on time.


The global application testing services market is bifurcated on the basis of service type,
testing type, delivery model, organization size, vertical and region. The service type is further segmented into professional services, managed services and others. The testing type is segmented into compatibility testing, security testing, functionality testing, automation testing, usability testing, performance testing, compliance testing and others. The delivery model is segmented into onsite, onshore, offshore, nearshore and others. The market is segmented into Small, medium and large enterprises according to organization size. The verticals are segmented into telecom & IT, BFSI, media & entertainment, manufacturing, retail, healthcare, government and others. The regional segmentation includes North America, Europe, Asia Pacific and the rest of the world.


North America is one of the leading regions across the world in terms of market share in application testing services
market as they are widely used in media & entertainment, manufacturing, retail, healthcare, government and others. The application testing services market in the European region is expected to witness rapid growth in the forthcoming period. Whereas, Asia-Pacific countries like China, Japan and India is an emerging market for application testing services market and expected to be the highest CAGR in the coming years.


The
application testing services market is expected to grow at USD ~48 Billion by 2023, at ~11% of CAGR between 2017 and 2023.


Global Application Testing Services Market:Application Testing Services Market

Application Testing Services Market Segments:
The global application testing services market has been segmented on the basis of service type, testing type, application and region


Global Application Testing Services
Market, By Service Type:


  • Professional Services

  • Managed Services


Global Application Testing Services Market, By Testing Type:

  • Compatibility Testing

  • Security Testing

  • Functionality Testing

  • Automation Testing

  • Usability Testing

  • Performance Testing

  • Compliance Testing

  • Others


Global Application Testing Services Market, By Delivery Model:

  • Onsite

  • Onshore

  • Offshore

  • Nearshore


Global Application Testing Services Market, By Organization Size:

  • Small & Medium Enterprises

  • Large Enterprises


Global Application Testing Services Market, By Vertical:

  • Telecom & IT

  • BFSI

  • Media & Entertainment

  • Manufacturing

  • Retail

  • Healthcare

  • Government

  • Others 


Global Application Testing Services Market, By Regions:

  • North America

  • Europe

  • Asia Pacific

  • Rest Of The World


Application Testing Services Market Key Players:
The prominent players in the global application testing services market are – Wipro Limited (India), Cognizant (U.S.), Xoriant Corporation (U.S.), HCL Technologies Limited (India), Tata Consultancy Services Limited (India), Accenture PLC (Ireland), Capgemini SE (France), International Business Machines Corporation (U.S.), Infosys Limited (India), RapidValue Solutions (U.S.) and among others.

Intended Audiences:

  • Application testing services

  • Application testing services providers

  • Professional service providers

  • Research and development companies

  • Market research and consulting firms

  • Solution providers

  • Technology standards organizations

  • Technology investors

  • System Integrator



Report Scope:

Report Attribute/Metric Details
  Market Size   USD 48 Billion (2027)
  CAGR   12% (2017-2027)
  Base Year   2019
  Forecast Period   2020-2027
  Historical Data   2018
  Forecast Units   Value (USD Billion)
  Report Coverage   Revenue Forecast, Competitive Landscape, Growth Factors, and Trends
  Segments Covered   by service type, by testing type
  Geographies Covered   North America, Europe, Asia-Pacific, and Rest of the World (RoW)
  Key Vendors   Wipro Limited (India), Cognizant (U.S.), Xoriant Corporation (U.S.), HCL Technologies Limited (India), Tata Consultancy Services Limited (India), Accenture PLC (Ireland), Capgemini SE (France), International Business Machines Corporation (U.S.), Infosys Limited (India), RapidValue Solutions (U.S.)
  Key Market Opportunities   The big data helps in verification of the large volumes of data as well as in testing.
  Key Market Drivers   Growing demand for cloud computing and big data is driving the global application testing services market growth.


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Frequently Asked Questions (FAQ) :

The global application testing services market is predicted to grow at an 11% CAGR between 2020- 2027.

The global application testing services market is predicted to reach USD 48 billion by 2027.

North America will lead the global application testing services market.

Growing demand for cloud computing and big data is driving the global application testing services market growth.

Key contenders profiled in the global application testing services market include Wipro Limited (India), Cognizant (U.S), Xoriant Corporation (U.S), HCL Technologies Limited (India), Tata Consultancy Services Limited (India), Accenture PLC (Ireland), Capgemini SE (France), International Business Machines Corporation (U.S), Infosys Limited (India), RapidValue Solutions (U.S) and among others.