Cloud Testing Market Research Report - Forecast to 2027

Global Cloud Testing Market Research Report, by Component (Services & Platform), by Deployment (Private, Public, and Hybrid), by Platform (Load Testing, Service Virtualization, Data Test Management, API Virtualization), and by End-users - Forecast till 2027

ID: MRFR/ICT/4325-HCR | February 2021 | Region: Global | 100 pages         

Cloud Testing Market

Cloud Testing Market is Predicted to Reach US$ 9428.9 Million by 2027 Registering a CAGR of 7.3%

Segmentation

By Component Testing tools/platforms Services
By Testing Tool/Platform Functional testing tools Performance/load testing tools Graphical User Interface (GUI) testing tools Application Programming Interface (API) testing tools Service virtualization tools Cross-browser testing tools
By Service Professional services Managed services Cloud Testing Market By Vertical Retail and eCommerce IT and telecom

Key Players

  • IBM (US)
  • Capgemini (France)
  • Oracle (US)
  • Xamarin (US)
  • Cognizant (US)
  • CA Technologies (US)
  • Cigniti (India)
  • Micro Focus (UK)
  • Tricentis (Austria)
  • Cygnet Infotech (India)

Drivers

  • The rising technology also tracks and analyzes the competitive developments
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Cloud Testing Market Overview


The cloud testing market revenue is likely to grow and expand and hence, reach a good market value during the ongoing forecast period of 2017-2023. The industry experts and business chiefs suggest that the global market is likely to expand at a global CAGR rate of 13% by the end of the forecast period in 2023. During the historic forecast period that had ended in 2017, the cloud testing market has witnessed a final market sum of USD 5.55 billion. The market is expecting to grow and attain a final market sum of USD 11.76 billion.


The rapid adoption of machine learning (ML) in various sectors is also fueling the demand for the cloud testing market and global solutions. ML is being used in the banking sector to model real-time transactions, and ML, along with AI technology, can help in predicting the prevalent fraudulent transactions and discuss the associated risks. The global market organizations that are ready to dive into this digital domain will experiment with high impacting scenarios developed by ML in the coming years, as a part of the ongoing forecast period. The global cloud testing market trends suggest that the testing solution providers should be able to understand the evolving trends in the testing domain and stay competitive in the market. There is a prediction that they may constantly need to develop scenarios for testing that can validate all the possible outcomes.


Cloud Testing Market COVID 19 Analysis


Since the presence of the Covid pandemic, there has been a lot of changes in the manner that both the market groups and individuals carried on with their lives, in the way the corporate world capacities, followed by the way, the global businesses and market units capacity and oblige the requirements of the separate crowd. The rising interest of the global target audience is declined as the medical care specialist organizations and clinical staff like specialists and attendants are being redirected to treat individuals who have been determined to have Covid sickness and related fatalities. Additionally, the arrival of the novel coronavirus pandemic has pushed individuals to achieve significant changes in their method of essential living and adjust their inclinations towards better means.


The imposition of permanent and temporary lockdown burden and severe useful limitations are functioning as the pace of inspiration is diminishing and the experts are returning to serve their insight in their subject matter. Likewise, the availability and functioning of the prominent players of the market are expanding their interest in the innovative work offices to administrations that will help in giving a superior goal to the rising requirements of the main interest group during the ongoing forecast period that will be ending in 2023.


Cloud Testing Market Dynamics



  • Drivers


The global cloud testing market report profiles the key players and comprehensively analyzes their core competencies. The rising technology also tracks and analyzes the competitive developments, such as mergers and acquisitions, new product developments, and Research and Development (R&D) activities, in the global cloud testing market premises that have been accounted for the period.



  • Restraints


However, the cloud testing market analysis shows that the market is likely to witness the emergence of some restraints that might hamper the market from growing as per the predictions for the ongoing forecast period ending in 2023. The market is understanding that factors like the high cost of processes and implementation are likely to restraint the market from growing as per the predictions. Also, there is a low degree of awareness that is further, causing growth and expansion issues for the global cloud testing market. 



  • Technology Analysis


The cloud testing market offers more of a high-level overview and in-depth details and specifications on more specific aspects of an individual alongside the ability to indicate current and potential trends and requirements of the global market. The market is witnessing ever-increasing population trends that are adopting the sedentary lifestyle and rising urbanization which are propelling the bone density market demand. Enhanced economic scenarios are fueling the market, thereby boosting the healthcare expenditures followed by facilitating rapid access to excellent technology and developments amongst the global locations.


Cloud Testing Market Study Objectives



  • The cloud testing market aims to investigate the past patterns of the market tasks followed by the effect of the Covid flare-up on the working of the market. Further, the report helps to understand the features that will lead the way of the players towards monstrous worldwide extension and talk about the potential downsides and limitations that will deliver obstacles for the market in transit of its development.

  • The global market report aims to concentrate on the rising necessities of the interest group that is spread across the worldwide scale which further, leads to the market patterns for the ongoing forecast period. Further, the report has a target to concentrate on the worldwide market trends that have been bifurcated and the assets accessible that will assist the global market with developing per the figures anticipated by the business experts for the period.

  • The report aims to further, study the worldwide market situation dependent on the pooled endeavors delivered by the key market players as the new improvements attempted by them during the ongoing forecast period ending in 2028.


Cloud Testing Market Segment Overview


The cloud testing market functions in the form of the following market segments during the ongoing forecast period that ends in 2023 in the global market premises:


Based on the Market Component



  • Testing tools/platforms

  • Services


Based on the Testing Tool/Platform



  • Functional testing tools

  • Performance/load testing tools

  • Graphical User Interface (GUI) testing tools

  • Application Programming Interface (API) testing tools

  • Service virtualization tools

  • Cross-browser testing tools


Based on the Market Service



  • Professional services

  • Managed services

  • Cloud Testing Market By Vertical

  • Retail and eCommerce

  • IT and telecom

  • Banking, Financial Services, and Insurance (BFSI)

  • Media and entertainment

  • Transportation

  • Others (education, healthcare, and sports and leisure)


Based on the Geographical Region



  • North America

  • Europe

  • MEA

  • APAC

  • Latin America


Cloud Testing Market Regional Analysis


The global cloud testing market has been segmented based on regions. There are four major regions namely North America, Europe, Asia Pacific (APAC), Middle East and Africa (MEA), and Latin America that help to provide a region-specific analysis in the report. The North American regional market is expected to have the largest market share and is projected to dominate the market during the forecast period ending in 2028. There has been an increase in the adoption of cloud computing solutions among various verticals, such as IT and telecom, BFSI, and retail and eCommerce, the cloud testing market is also set to grow at a rapid pace in well-established economies, such as the United States (US) and Canada, as a part of North America. Due to this, global companies are willing to increase their funding and investment in the North American region. Most of the cloud testing solutions and service vendors have an eminent presence in the North American region, and therefore, the prevalent competition is stiff among the major market players.


Cloud Testing Market Competitive Landscape


The cloud testing market share is rising because of the splendid performance of the following players of the market followed by the developments of the period that are mentioned as follows:



  • IBM (US)

  • Capgemini (France)

  • Oracle (US)

  • Xamarin (US)

  • Cognizant (US)

  • CA Technologies (US)

  • Cigniti (India)

  • Micro Focus (UK)

  • Tricentis (Austria)

  • Cygnet Infotech (India)

  • Cavisson Systems (US)

  • SmartBear Software (US)

  • SOASTA (US)


Cloud Testing Market Recent Developments



  • The testing tools/platforms component of the global could testing market is expected to grow at a higher CAGR during the forecast period. This is because the tools/platforms assist organizations in easily carrying out the testing process on the cloud.

  • The retail and eCommerce vertical of the cloud testing market is expected to have the largest market share, whereas the BFSI vertical is projected to grow at the highest CAGR during the forecast period of 2017-2023.

  • Technology is known to have assisted retail and eCommerce businesses in offering seamless and efficient services to their customers. The rising prevalence of the gap between online and offline retail is driving the recent boom of technological innovations in customer analytics in brick-and-mortar retail stores.


Intended Audience



  • Cloud testing solution providers

  • Cloud testing service providers

  • IT solution providers

  • Cloud service providers

  • Network solution providers

  • System integrators

  • Independent service providers


Cloud Testing Market Report Overview


The cloud testing market report discusses the possible market dynamics like the drivers and restraints that have both positives and negatives to the market amid the ongoing forecast period of 2017-2023. The market report discusses the impact of the pandemic outbreak followed by the trends that will lead the global market towards expansion. The report covers the basis of the global market segmentation followed by the developments of the industry and the prominent market players for the forecast period.



Report Scope:
Report Attribute/Metric Details
  Market Size   USD 9428.9 Million
  CAGR   7.3%
  Base Year   2020
  Forecast Period   2021-2027
  Historical Data   2019
  Forecast Units   Value (USD Billion)
  Report Coverage   Revenue Forecast, Competitive Landscape, Growth Factors, and Trends
  Segments Covered   Component, Platform
  Geographies Covered   North America, Europe, Asia-Pacific
  Key Vendors   IBM (US) Capgemini (France) Oracle (US) Xamarin (US) Cognizant (US) CA Technologies (US) Cigniti (India) Micro Focus (UK) Tricentis (Austria) Cygnet Infotech (India)
  Key Market Opportunities   
  Key Market Drivers   The rising technology also tracks and analyzes the competitive developments


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Frequently Asked Questions (FAQ) :

The market value by 2023 is estimated to be roughly USD 11 billion.

The global market is anticipated to grow at a rate of 13% during the assessment period.

Tricentis(Austria), Infostrech Technologies (U.S.), A four technologies (India), Xoriant Corporation (U.S.), CA Technologies (U.S.), Invensis (India), Microfocus (U.K.), Akamai Technologies (U.S.), Capgemini (France), IBM Corporation (U.S.), Microsoft Corporation (U.S.), Smartbear Software (U.S.), Cigniti (India), Damco Group (Testingxperts) (U.S.), Cavisson System (U.S.), Oracle Corporation (U.S.), Cognizant (U.S.), are the noteworthy players in the global market.

The component-based market segments include platform and services.

Increasing adoption of cloud-based services across enterprises and the rising number of IT & telecom service providers make India, Japan, South Korea and China the leading countries in the APAC market.