New York, NY -- (SBWire) -- 03/30/2019 --The Automation Testing market is expected to grow from USD 8 billion in 2018 to USD 60.4 billion by 2026, at a CAGR of 33.4% during the forecast period. The transformation of testing in digital testing, the rise of DevOps methodology, and increasing usage of mobile phones and advanced technologies are some of the driving factors of the market. Organizations now need to get their products and services given or taken within a short time frame, giving an advantage to automation testing. Some other factors contributing to the growth of automation testing market are the technology advancements giving rise to technology automation testing and the need for quality assurance and testing.
The issues faced by enterprises are data protection, security concerns as well as the high initial investments in setting up the appropriate testing environment, which may restrain the growth of the automation testing market.
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The major players covered in this report are: Parasoft (US), CA Technologies (US), Microsoft (US), Tricentis (Austria), IBM (US), Capgemini (France), SmartBear Software (US), Cigniti Technologies (India), Ranorex (Austria), Micro Focus (UK), and TestPlant (UK)
Understanding the market size
The size of the Automation Testing market is viewed in terms of the Share of Market, Total Available Market as well as Served Available Market. Not only does the study present the combined revenue for a particular market but also the market size for a specific geographic region. Analysis of percentage or the size of the Total Available Market based on the type of product, technology, regional constraints and others form an important part of the Automation Testing report.
Automation Testing Market by Testing type (Revenue, USD Million; 2018-2026)
- Functional Testing
- Non-Functional Testing
- Application Programming Interface Testing
- Security Testing
- Performance Testing
- Compatibility Testing
- Compliance Testing
- Usability Testing
Automation Testing Market by Service (Revenue, USD Million; 2018-2026)
- Advisory and Consulting Services
- Planning and Development Services
- Support and Maintenance Services
- Documentation and Training Services
- Implementation Services
- Managed Services
- Others
Automation Testing Market by Industry vertical (Revenue, USD Million; 2018-2026)
- Banking, Financial Services, and Insurance
- Retail
- Automotive
- Defense and Aerospace
- Healthcare and Life Sciences
- Telecom and IT
- Manufacturing
- Logistics and Transportation
- Energy and Utilities
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Knowing the trends influencing the industry performance
Stakeholders, marketing executives and business owners planning to refer a market research report can use this study to design their offerings and understand how competitors attract their potential customers and manage their supply and distribution channels. When tracking the trends researchers have made a conscious effort to analyze and interpret the consumer behaviour. Besides, the research helps product owners to understand the changes in culture, target market as well as brands so they can draw the attention of the potential customers more effectively.
Our trend analysts look for the crucial connection between consumer trends, behaviour and values, to provide context for the sectors, demographics and global themes that matter to you.
Further key findings from the report suggest:
- Types of testing segment the Automation Testing market into functional and non-functional testing. Non-functional testing dominates the segment, with an approximate market share of USD 4.48 Billion in the base year, since it examines the system's performance under load, its security, and disaster recovery procedures. Nonfunctional testing further looks into the system's Security testing, Performance testing, Compatibility testing, Compliance testing, and Usability testing.
- The automation testing market is segmented by service into advisory & consulting services, planning & development services, support & maintenance services, documentation & training services, implementation services, managed services, and others. The implementation services are expected to witness the highest growth, at a CAGR of 36.9%, during the forecast period, due to its executing automation testing, as they help in implementing new versions of automation testing tools as well as integrate them with the traditional testing tools.
- The Automation Testing Market is segmented by endpoint interface into Mobile, Web, and Desktop. Mobile segment is expected to grow with the highest CAGR of 33.7%, during the forecast period, since it is adapted and used adversely. The growth in the Android, iOS, Windows, hybrid and other such markets are the driving factors for this segment.
- The Automation Testing market is segmented by organization size into large and small & medium-sized enterprises. Large and medium-sized mostly adopt the automation test, small-sized enterprises may find it a little unaffordable, thus lowering the market of automation testing in the small-sized enterprise segment.
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Table Of Content:
Chapter 11. Company Profiles
11.1. IBM
11.1.1. Company Overview
11.1.2. Financial Performance
11.1.2.1. Revenue
11.1.2.2. Price
11.1.2.3. Gross Margin
11.1.3. Type Benchmarking
11.1.4. Strategic Initiatives
11.2. CA Technologies
11.3. Micro Focus
11.4. Capgemini
11.5. Microsoft
11.6. Tricentis
11.7. Smartbear
11.8. Parasoft
11.9. Cigniti Technologies
11.10. Ranorex
11.11. Testplant
Continue...
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Automation Testing Market Report 2018-2026 by Key Players: Parasoft, Microsoft, IBM, Capgemini, Ranorex
A closer look at the overall Automation Testing business scenario presented through self-explanatory charts, tables, and graphics images add greater value to the study.