Artificial Intelligence is fastest growing segment fueling the growth of Software Testing and QA Services Market
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| Software Testing and QA Services Market |
The global Software Testing and
QA Services Market is estimated to be valued at US$ 38.42 Bn in 2023 and is expected to exhibit a CAGR of 13.% over the forecast period
2023 to 2030, as highlighted in a new report published by Coherent Market
Insights.
Market Overview:
The software testing and QA
services market provides services that assess software, applications, or
products to ensure they meet desired quality standards before being released.
This includes services such as functional and non-functional testing, security
testing, API testing, test automation, etc. that help businesses deliver
quality software to users without defects and errors.
Market key trends:
One of the key trends in the
software testing and QA services market is the rise of artificial intelligence
and machine learning. The increasing integration of AI into testing processes
is enhancing testing capabilities. For instance, AI is helping automate various
testing functions such as test data preparation, test case generation, digital
assistance for manual testing, autonomous testing bots, self-healing
applications, and predictive analytics for testing. AI techniques such as
machine learning, deep learning and neural networks are being applied to
improve test effectiveness, efficiency and coverage. This is expected to
significantly boost the market growth over the forecast period.
Segment Analysis
The global software testing and
QA services market is segmented by service type, organization size, and
vertical. By service type, the market is segmented into application testing,
product testing, and others. The application testing segment dominated the
market in 2022 and is expected to continue its dominance over the forecast
period due to the rising need of enterprises to deliver enhanced digital
experiences to consumers and eliminate bugs and errors in applications before
launch.
Key Takeaways
The Global
Software Testing and QA Services Market Size is expected to witness
high growth, exhibiting a CAGR of 13% over the forecast period, due to increasing
digital transformation across industries.
Regional analysis
North America dominated the
market in 2022 and is expected to continue its dominance during the forecast
period owing to the strong presence of QA service providers and digitalization
across industries in the US and Canada. Asia Pacific is expected to be the
fastest growing region due to rising investments by tech companies in countries
such as India, China, and Japan.
Key players
Key players operating in the
software testing and QA services market are TCS, Wipro, Cognizant, Infosys,
IBM, Qualitest, CGI, Mindtree, Cygnet Infotech, Maveric Systems, QA Mentor,
A1QA, QA Source, QASource, Capgemini, Accenture, HCL Technologies, Atos, DXC
Technology, Tech Mahindra. TCS and Wipro capture a significant share of the
market due to their ability to provide end-to-end digital transformation
capabilities including software testing and QA services.
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