SOFTWARE TESTING MARKET REPORT OVERVIEW 

The global software testing market size was USD 87 billion in 2024 & the market is expected to reach USD 512 billion in 2033, exhibiting a CAGR of 21.71% during the forecast period.

A software testing program is used to find any flaws, mistakes, or other shortcomings of software prior to its release. Multiple iterations of the program are run during the test to ensure no problems in the code. An upcoming piece of software can be tested to improve its functionality and user interface for any business or technical application across all sectors. Any software is subjected to testing, which also contributes to verifying and validating a software's source codes to ensure that it functions without error for end users. The growth of test automation services and the software-testing market's capacity drive the market to produce the best results consistently. The market for software testing has become increasingly popular due to the global increase in urbanization. It is anticipated that the market will continue to expand in popularity throughout the years to come due to the increasing use of mobile cell phones and the apps they enable. The increased adoption of the DevOps approach and the expanding use of software testing for machine learning and artificial intelligence are other factors fueling the expansion of the market for software testing.

COVID-19 Impact: The Market Saw Growth Due To Rise In COVID-19 Stats Applications

Because of the lockdown measures implemented to prevent COVID-19, most markets saw adverse consequences during the epidemic. Markets declined as a result of manufacturing declines, industry closures, and a pandemic-related shortage of labor and raw resources. In contrast to most other markets, the software-testing market grew during the COVID-19 pandemic due to the popularity of mobile applications that offer real-time COVID-19 statistics. During the early stages of the pandemic, numerous developers started developing applications that focused on providing essential information on COVID-19 data and information, which drove the expansion of the software testing market.

LATEST TRENDS

Crowdsourced Testing Could Augment Market Progress

Crowdsource testing is one of the trends in the software-testing market that is expanding the fastest. Crowdsource testing makes use of temporary workers based all over the world to provide testing services. Usually performed at the end of the software development process, crowdsourced testing involves checking the programs for faults and defects. Many advantages, including inexpensive pricing based on output, software testing in real-time, scalability, and device and geographic coverage, can be obtained through crowdsource testing. A further factor that may contribute to the software testing market's prospective growth is the application of machine learning and artificial intelligence in this field.

SOFTWARE TESTING MARKET SEGMENTATION

By Type Analysis

According to type, the market can be segmented into operational testing, automated tests, performance testing, security testing, and other services. Operational testing is predicted to dominate the market by type during the 2024-2032 market years.

By Application Analysis

Based on application, the market can be divided into BFSI, media, telecommunications, government and institutes, and others. Among these BFSI segment is anticipated to lead the market by application during the forecast period.

DRIVING FACTORS

Rising Utilization Of Mobile Applications Push Product Demand

Today, smartphones have become a necessary component of everyone's existence, and the mobile applications they include have also influenced numerous elements of our lives and consequently made numerous tasks easier. Numerous applications are generating revenue for a wide range of organizations, which sparked the creation of diverse software and, as a result, the growth of the market for software testing both now and in the future.

Increase Of Automation Tests Proliferate Market Success

The increased success of the market of software testing results from testing services and agile test automation. Agile automation testing is carried out to guarantee the quality, apply new techniques for enhancing testing services, and improve the quality of cloud-based infrastructure for software testing. Agile automation testing promotes the industry's success by effectively raising software quality.

RESTRAINING FACTORS

Market Progression Impedes Due To Scarcity Of Professional Testers

Due to the of a lack of qualified software testing specialists, the market for software testing may eventually see a slowdown. A high degree of certification and experience are expected from the testers due to the intricacy of the tests. Furthermore, some software testing technologies call for testing by subject-matter experts. However, the adoption of digitization in transportation and logistics has a high demand for cost-effective solutions, which directly affects the improvement of applications and software used in the technologies, and this, in turn, will raise the demand for software testing and the shortage of experts in the industry could limit the market growth.

SOFTWARE TESTING MARKET REGIONAL INSIGHTS

North America Dominates Market Due To Rising Acclimation Of Smart Products

Out of all the other regions, the North American region commands most of the software testing market share. The consumers' purchase of smart items for their residences, workplaces, and vehicles puts the region on top. Smart appliances have overtaken the North American market, including TVs, laptops, gaming consoles, and many other items, fast driving up market sales.

The second-highest market share belongs to Europe, which is listed as the following region. Europe now holds one of the top market positions due to the rise in demand for software used in the automotive and transportation industries. The quickly expanding market for electrified vehicles is also outfitted with a wide range of software for easy user interaction. The European market for software testing is experiencing a huge boost to success due to the fast-growing electric automobile market.

Key Industry Players

Key Players Focus on Partnerships to Gain a Competitive Advantage

Prominent market players are making collaborative efforts by partnering with other companies to stay ahead of the competition. Many companies are also investing in new product launches to expand their product portfolio. Mergers and acquisitions are also among the key strategies used by players to expand their product portfolios.

List of Top Software Testing Companies

• Performance Lab (Singapore)
• Kualitatem Inc. (U.S.)
• Oxagile (U.S.)
• Zensar (India)
• QArea Company (U.S.)
• IBM (U.S.)
• DeviQA (Poland)
• Hexaware (India)
• Wipro (India)
• SQS Group (United Kingdom)
• QualiTest Group (United Kingdom)
• QualityLogic (U.S.)
• TCS (India)
• LogiGear (U.S.)
• Infosys (India)
• Capgemini (France)
• BRISA (India)
• Cognizant (U.S.)
• QASource (U.S.)
• QA Mentor (U.S.)
• Sogeti (France)
• QATestLab (Cyprus)
• TestFort (U.S.)
• TestMatick (U.S.)
• HP (U.S.)
• TestingXperts (Damco Group) (Canada)

Report Coverage

This research profiles a report with extensive studies that take into description the firms that exist in the market affecting the forecasting period. With detailed studies done, it also offers a comprehensive analysis by inspecting the factors such as segmentation, opportunities, industrial developments, trends, growth, size, share, and restraints. This analysis is subject to alteration if the key players and probable analysis of market dynamics change.