Software Quality Assurance and Testing Service Market size will grow at a CAGR of 8.5% from 2023-2030: Cognitive Market Research
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Introduction of Software Quality Assurance and Testing Service Market
Technological innovations are a major trend gaining popularity in the software quality assurance and testing service market. Key players in the market are creating technologically advanced services to sustain their place in the market.
For instance, in October 2020, Applications Software Technology declared the release of version 3.0 of the Autonomous Cloud Tester tool. The new feature allows organizations to speed up their patch, release, and upgrade test cycles for the whole range of Cloud Applications and cloud-based software. It decreases patch testing time by up to 85% and broadens the range of consumer application footprints that will profit from the service. Firms can play and pause test results and watch automated processes in action due to testing execution results that are automatically output in MP4 video format.
Key Insights from Software Quality Assurance and Testing Service Market Report
The Global Software Quality Assurance and Testing Service market size will increase at a compound annual growth rate (CAGR) of 8.5% from 2023 to 2030.
How are the Key Drivers Affecting the Software Quality Assurance and testing Service Market?
Growing demand for mobile-based applications for entertainment, transactions, gaming, and other purposes has expanded the requirement for ongoing application updates for a seamless utilizer experience. In this consideration, testing the software of mobile applications allows for optimizing the performance, functionality, and appearance of apps across numerous devices. It also allows for identifying bugs in the development process, which can be fixed before establishing an app. Some of the leading players operating in the software quality assurance & testing service market include L&T Technology Services Limited, Infosys Limited, Micro Focus International plc, International Business Machines (IBM) Corp., HCL Technologies Limited, and Accenture. Many of these companies are emphasizing product creation to outperform their competitors.
For instance, in June 2022, Cyient launched an AI-Powered Framework for Software Testing to accelerate end-to-end test automation. The platform allows end-to-end test automation across web, desktop, mobile, and embedded application and hardware devices, delivering a comprehensive environment for managing testing projects.
The Factors Restraining the Growth of the Software Quality Assurance & Testing Service Market
Internal vulnerabilities such as careless workers, employees recruited by other competitors for corrupting firm data, disgruntled employees, and employees who deliberately utilize data for personal gain. Cybercriminals accomplish their financially motivated goals by utilizing attacks such as email phishing, SQL injection, and man-in-the-middle (MiTM) attacks over these internal actors.
According to Verizon, 48% of malicious email attachments are office files, 34% of data breaches concern internal actors, such as workers, and 94% of malware is delivered by emails.
Impact of COVID–19 on the Software Quality Assurance & Testing Service Market
The COVID–19 pandemic accelerated digital transformation efforts as businesses needed to quickly adapt to remote work, online services, and e-commerce. This led to expanded demand for software development and, subsequently, quality assurance and testing services to ensure the quality and reliability of these digital solutions. Several companies growing in the market were coming forward with strategic steps to help society during COVID-19.
For instance, in April 2020, Automation Anywhere. Inc, a significant participant in Robotic Process Automation (RPA), launched its Bot Security, which they claim is the industry's first security program to set the standard for securing software bots that enable business continuity.
Software Quality Assurance & Testing Service Market Market Analysis
By Type, Security Testing Segment Dominating the Software Quality Assurance & Testing Service Market
According to Cognitive Market Research, security testing holds the major market revenue due to technological innovations and extensively increasing cybercrime worldwide; thus, to overcome security-related crimes, it requires higher secure endpoint security. Such essential elements may enhance the growth of the security testing market over the forecast period. In addition, the government's supportive policies for cybersecurity may also positively impact the global market for software quality assurance and testing services.
Functional testing is the second-most service, as functional testing is an important segment of the software quality assurance and testing service process, focusing on verifying that a software application's functions and features perform as intended. This type of testing ensures that the software meets the specified requirements and behaves correctly. Many businesses were increasingly adopting functional testing tools and frameworks to accelerate testing processes, improve efficiency, and achieve quicker feedback on software quality.
Application
Top Companies Market Share in Software Quality Assurance & Testing Service Industry:
a1qa , 高知特 Cognizant , Lighthouse Technologies Ltd. , Performance Lab , QA Consultants , MasterControl , SAP , Payment Software Company - PSC , Aras Corporation , Arena by PTC , 欧特克 , 达索系统 , 西门子 , 甲骨文 , Parasoft , 微软 , 惠普企业服务 , IQMS ., MetricStream , Pilgrim Quality Solutions , uniPoint Software Inc. , Digital Dream Forge, Sparta Systems, , Sparta Systems Inc., CoreValue
Software Quality Assurance & Testing Service Industry News:
Software Quality Assurance & Testing Service Regional Analysis:
According to Cognitive Market Research, North America dominated the software quality assurance and testing service market in 2022 and accounted for a major share of around 35% of the market revenue due to the constant technological improvements in the region with a high number of early adopters for the technology and the existence of major market participants. Moreover, Factors such as the deployment of enormous scales of smart devices, including smart television, smartphones, and smart automobiles and the advancement in the adoption of IoT and AI-based technologies improved demand for cloud-based security testing, which will eventually drive the demand for software quality assurance & testing service market, across the region.
According to Cognitive Market Research, due to the high adoption of advanced technologies, rising cyberattacks, and the rising number of interconnected devices in the region. Moreover, with the growing demand for mobile applications, several companies are emphasizing expanding their footprint in the mobile testing space, likely to supplement software testing market growth.
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For instance, in October 2022, Keysight Technologies, Inc., a U.S.-based electronics firm, launched Al-driven testing by expanding its Nemo Device Application Test Suite to optimize the experience on 5G smartphones.
The region's strong economy and increasing adoption of software quality assurance and testing services among SMEs and large businesses due to the extensively growing cyber threats.
For instance, the report issued by The Cyber Security Agency of Singapore (CSA) has flagged an increase in cyber threats, such as online scams and ransomware, during 2020. CSA's SingCERT (Singapore Computer Emergency Response Team) endured more than 9,000 cases last year, corresponding to about 8,500 cases reported in 2019 and 4,977 cases in 2018, respectively. These major factors are anticipated to propel the market's growth over the forecast period.
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