Cloud Testing Tool Market - Forecast(2024 - 2030)
Cloud Testing Tool Market?Overview
Cloud Testing Tool?Market size?is estimated to reach $19.85 billion by 2027 at a CAGR 13.5% during the forecast period 2022-2027.?Globally, the?increasing adoption of cloud computing in various industries such as Healthcare, BFSI and Retail & E-commerce?is set to drive the Cloud Testing Tool market.?With the growing popularity of Cloud Computing, organizations are adopting cloud testing tools such as?multi-layer testing; service-level-agreements-based?testing, large scale simulation and on-demand test environment to address the unique issues of cloud infrastructure. Cloud testing tools are used as testing as a service solution in organizations to free space for servers. The increasing adoption of enterprise-grade Performance-Testing-as-a-Service with machine-learning powered Optimization provides fast and accurate services is the other factor that influences the market growth. Such factors are analyzed to drive the market?during the forecast period 2022-2027.
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Report Coverage
The report based on: “Cloud Testing Tool Market?Forecast (2022-2027)”,?by IndustryARC, covers an in-depth analysis of the following segments of the?Cloud Testing Tool Market Industry Outlook.
By Tool Type:?Stress Testing, Load & Performance Testing, Functional Testing,? Compatibility Testing, Browser Performance Testing, Latency testing, Others. By Test Type:?Cloud Oriented Testing, Web Application Testing, Cloud based Application Testing. By Application:?Small Enterprises &Medium Enterprises, Large Enterprises. By End-User:?IT & Telecom, Heathcare, Retail & E-Commerce, BFSI, Government, Others. By Geography:?North America (USA, Canada and Mexico); Europe (U.K., Germany, Italy, France & Rest of Europe); APAC (China, Japan, South Korea, India & Rest of APAC); South America (Brazil, Argentina & Rest of South America); RoW (Middle East & Africa).
Key Takeaways
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Cloud Testing Tool Market;Segment Analysis-By Application
Based on applications, the Cloud Testing Tool Market is segmented into small enterprises & medium-sized enterprises and large enterprises. Large enterprises are analyzed to hold highest share and grow at the highest CAGR of 14.85% during the forecast period 2022-2027, owing to increasing adoption of cloud computing?to accommodate workers who were forced to work remotely. Moreover,?investment in cloud infrastructure by large enterprises increases during the pandemic period, influencing the market growth. For instance, According to a report?from Nutanix Inc, a leader in private cloud, hybrid, and multi-cloud computing, 63 per cent of India’s enterprises increased its investments in hybrid cloud infrastructure in 2020 to mitigate the impact of Covid19 on business operations. Large-scale enterprises are adopting cloud testing tools to accelerate their development and testing process. Such investments influence the market growth.
Cloud Testing Tool Market;Segment Analysis-By End-User
Based on end-user’s segmentation, Retail & E-Commerce held the highest?Cloud Testing Tool?Market?share of around 35.69%?in the?Cloud Testing Tool Market?in 2021 and is estimated to grow at the highest rate during the forecast period. With the?arising Omni-Channel online shopping trends, it has become necessary for retail &e-commerce sites to manage their sites without fail. Retail & E-commerce businesses is totally dependent on mobile apps, software apps as well as unified integrated systems. In Retail &?E-commerce, cloud testing tools?guarantee software quality, reliability, system assurance and the finest performance and capacity utilization.Testing tools also helps to check the digital applications, web services as well as APIs that operate in their websites by observing their performance continuously. Such benefits accelerate the adoption of cloud testing tools in retail & e-commerce sector.
Cloud Testing Tool Market;Segment Analysis-By Geography
North America held the highest Cloud Testing Market?share of around 35%?in the global Cloud Testing Tool?Market?in 2021 and is further set to grow at a highest rate during the forecast period 2022-2027, owing to the adoption of cloud computing across many verticals such as Healthcare, BFSI and Retail & E-Commerce.?The presence of major cloud testing tool vendors such as IBM Corporation& Oracle Corporation and availability of expertise in cloud technology?are the factors that can influence?the growth of the market in this?region. Moreover, the growing trend of BYOD policy is also influencing the use of cloud testing tool solutions in the region.?According to a survey conducted by Cisco Systems Inc in 2020, IT sector witnessed an increase of around 44.5% in BYOD policy adoption in the past three years in USA. Furthermore, with the rising number of mobile workers in workplaces, there has been an?increasing volume of data generation, which?is anticipated to boost the cloud computing adoption, thus indirectly influencing the growth of the Cloud Testing Tool Market. Furthermore,?Canada has turned out to be a lucrative ground for setting up cloud computing server hub in North America and is significant in promoting market growth. In November 2021, Amazon Web Services decided to invest $4.3 Billion by 2037 to set up second Canadian cloud-computing server hub in the?Calgary area. The new hub will support the rising number of AWS cloud computing customers in Western Canada. Such developments positively impact the growth of the market.
Cloud Testing Tool Market Drivers
Growing adoption of cloud computing among organizations is considered to be a factor that can drive the market forward.
Increasing adoption of Cloud computing across organizations and cooperates to?increase business efficiency?is one of the major factors that can influence the growth of the market during the forecast period 2022-2027. To provide a seamless cloud service, the cloud must be tested before it comes into offering services which increases the demand for cloud testing tool among organizations.?Cloud computing offers better collaborative workforce and data storage system. It also lowers the operating cost of the organizations, thus accelerating the demand for Cloud Computing during the forecast period.?Cloud computing also utilizes remote servers for storing, managing and processing important data. Increasing volume of data generation and evolution of new technologies such as big data, AI, and Machine Learning (ML) are the factors that trigger the growth of the cloud computing globally which in turn influences the Cloud Testing Tool?Market. In September 2021, Salesforce announced Health Cloud 2.0. It is a connected platform that is designed to?empower businesses and governments by delivering better health and safety for their employees, customers, and communities. Such developments positively impact the growth of the market.
Growing 5G network leads to Investment in cloud business infrastructure is one of the factors that can drive the market forward during the forecast period.
The 5G network is set to bring enormous change to cloud computing and transform the communication and network industry by offering ultra fast data transmission that is 100 times faster than 4G networks, which in turn increases the demand for cloud testing tool. Moreover rise in the adoption of 5G across several industries is analyzed to lead to demand for more cloud services for data storage. 5G is set to accelerate cloud business investment through its extensive applications ranging from?healthcare applications to autonomous vehicles to mobile apps. The combination of cloud and 5G connections has been accessed to increase the storage capacity, flexibility and functionality of industries. These revolutions will attract several investment opportunities for cloud business.?5G technology is set to enable access to virtual machines via smart phones due to larger computing and machine-to-machine communication. Cloud service providers will provide more options to mobile users as well as hotspots will be faster, thus enabling remote workers to get access to cloud services even when there is lack of internet connectivity. In January 2021, IBM Corporation launched IBM Cloud Pak for network operation which is? AI powered Telco cloud platform that allows automation of network operation so that CSPs can alter their networks to zero touch operation and offer 5G VRAN service.?Such developments influence the growth of the market.
Cloud Testing Tool Market;Challenges
Data Security issues
Though?cloud testing tools have lot of advantages but bandwidth and security issues becomes a prime concern for every organizations which acts?as a major challenge restraining the growth of Cloud testing tool Market. Cloud based software depends on 3rd?party to process data and store information. This can act as a barrier in usage of cloud testing tools as data becomes more vulnerable in clouds. Bandwidths issue is another factor that hampers the growth of the market. As cloud resources are divided among many organizations, there is a fluctuation in demand for bandwidth.?Consistent internet connection can’t be maintained if there is not enough bandwidth to sustain testing.?Owing to the above mentioned factors, use of cloud testing tool will be significantly impacted, thus hampering its market growth.
Cloud Testing Toolnbsp;Market Landscape
Partnership, Acquisitions,Collaboration, technology launches and R&D activities are key strategies adopted by players in the?Cloud Testing Tool Market.?The?Cloud Testing Tool Market?top 10 companies includes
Cloud Testing Tool Market Developments
Relevant Report Titles
Report Code: ESR 0695
Report Code: ITR 0258?
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