Test Automation Market To Show Significant Growth Of 14.7% CAGR Throughout The Forecast Period

According to a new market research report published by Brisk Insights “Test Automation Market (Test Type- Functional Testing, Configuration Testing, Web Services Testing, Acceptance Testing, Compatibility Testing, Integration Testing, Load Testing, Security Testing, Mobile Testing and Others (Migration Testing, Platform Testing, etc.)), Deployment Type (Cloud-based and On-premise) – Growth, Future Prospects and Competitive Analysis, 2019 - 2027”, the overall test automation market worldwide was valued at US$ 27.43 Bn in 2018 and is set to grow with a CAGR of 14.7% during the forecast period.

Market Insights

Proliferating growth of mobile application market and rising digital transformation worldwide are the key factors driving the test automation market. In 2018, the global mobile application market was valued at over US$ 100.0 Bn and is expected to grow at a CAGR of more than 12%. Increased need for quality assurance and software testing across organizations are also driving the market growth. Growing demand for cloud-based applications and mobile applications are also helping the market growth. Fast feedback, reduced business expenses, early defect detection and others are some of the benefits, expanding the test automation market. Rising investments for digitization in the emerging economies will also boost the market growth in years to come. On account of aforementioned factors, we presume that test automation market will show huge growth in years to come.

Based on test type, in 2018, the functional testing segment was the largest. The functional testing segment contributed to significant share in the global market revenue in the same year. Functional testing checks each & every aspect of the software and ensures that it works correctly. The segment was dominant owing to rising agile development practices for automation in the functional testing process. Proper functioning of all the functionalities, ensures safety & security, improved quality and others are some of the advantages of functional testing due to which the segment is growing. Thus, we predict that the functional testing software will show substantial growth during the forecast period.    

Based on the geography, in 2018, North America was dominant in the global test automation market. North America contributed to over 40% of the global revenue share in the same year. Need for adoption of one software for testing various software’s, growing adoption of QA with enterprises are the major reasons for North America dominance. The U.S. holds the highest share in the North America test automation market owing to matured industries and presence of major players such as IBM Corporation, Cognizant Technology Solutions Corporation. Europe follows North America in the test automation market owing to increased testing sector and growing digitization in the region. 

Some of the major companies profiled in the report include IBM Corporation, Wipro Ltd., Capgemini S.A., Cognizant Technology Solutions Corp, Infosys Ltd, Hewlett-Packard Company, Tata Consultancy Services, Hexaware Technologies, Wipro Ltd., Zensar Technologies, Qasymphony, Inc., SmartBear Inc., and Tricentis GmbH among others.

Browse the full report at https://www.briskinsights.com/report/test-automation-market

The Global Test Automation Market is Segmented into:

*Complete segmentation list is on report page