Press release
Test Automation Market to grow at 15.34% of CAGR making it 81.93 Billion USD Industry by 2023
Test Automation Market Report
The Test Automation Market was worth USD 22.67 billion in the year of 2014 and is expected to reach USD 81.93 billion by the end of 2023 while registering itself at a compound annual growth rate CAGR of 15.34% during the forecast period. The test automation market is anticipated to witness huge development because of the expanding pattern of digital transformation globally. Expanding interest in IT sector builds the demand of test automation. The key driving component for test automation market is the advantages offered by these apparatuses like time and cost devouring, convenient to test for multi lingual destinations, no need of human intercession, upgrade the speed of test execution. Additionally, test automation enhances the advancement procedure of a software product which builds the implementation of testing device in IT industry. Implementation of cloud solutions from organization is probably going to boost the development in the following years.
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Type Outlook and Trend Analysis
On the basis of test types, global test automation market is divided into compatibility testing, configuration testing, functional testing, web services testing, acceptance testing, mobile testing, integration testing, load testing, security testing, usability testing, migration testing, platform testing, network testing and QA process design. Functional testing ruled the test automation market in 2016 and is anticipated to develop amid estimate period. It represented around 24 percent share of the aggregate market on the basis of income. Functional testing is associated with the testing between the application on one side and rest of the framework. Enhanced properties and techniques for useful testing of .NET, Java and web applications require the functional testing tools which simultaneously builds the demand of test automation market.
Regional Outlook and Trend Analysis
North America is anticipated to remain the market pioneer over the estimate time frame, and recorded USD 6.80 billion in 2016 on the basis of income and is anticipated to encounter significant development in the upcoming years. The fast deployment of versatile applications and Software as a Service SaaS on cloud is one of the significant factor behind the development of the test automation market in North America. Quickly developing IT industry in rising economies of Japan, China, and India is foreseen to drive the test automation market in Asia Pacific.
Competitive Insights
The leading players in the market are Cognizant Corporation, IBM, Hewlett-Packard, Capgemini, Tata Consultancy Services and Infosys. The major players in the market are profiled in detail in view of qualities, for example, company portfolio, business strategies, financial overview, recent developments, and share of the overall industry.
The Test Automation Market is segmented as follows-
By Test Type:
Configuration Testing
Web Services Testing
Compatibility Testing
Usability Testing
Functional Testing
QA Process Design
Security Testing
Acceptance Testing
Platform Testing
Mobile Testing
Migration Testing
Integration Testing
Load Testing
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By Region
North America
U.S
Canada
Mexico
Europe
Germany
France
UK
Italy
Spain
Rest of Europe
Asia-Pacific
Japan
China
Australia
India
South Korea
Rest of Asia Pacific
Rest of the World
Brazil
South Africa
Saudi Arabia
United Arab Emirates
Others
Some of the key questions answered by the report are:
What was the market size in 2014 and forecast from 2015 to 2023?
What will be the industry market growth from 2015 to 2023?
What are the major drivers, restraints, opportunities, challenges, and industry trends and their impact on the market forecast?
What are the major segments leading the market growth and why?
Which are the leading players in the market and what are the major strategies adopted by them to sustain the market competition?
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