Software Quality Assurance and Testing Service Market size will grow at a CAGR of 8.5% from 2023-2030: Cognitive Market Research

Software Quality Assurance and Testing Service Market size will grow at a CAGR of 8.5% from 2023-2030: Cognitive Market Research

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.

To know more about The Software Quality Assurance and Testing Service Market statistics click here

How are the Key Drivers Affecting the Software Quality Assurance and testing Service Market?

  • Product Innovation by Key Players to Provide Viable Market Output

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

  • Security Breaches Due to Internal Vulnerabilities to Hinder Market Growth

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.

  • Security Testing
  • Usability Testing
  • Functional Testing
  • Localization Testing
  • Compatibility Testing
  • Others

Application

  • SaaS Testing
  • Web Application Testing
  • Mobile Application Testing
  • Desktop Application Testing
  • Others

Get free sample pages of the latest published Software Quality Assurance & Testing Service Market Report

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:

  • September 2022: pCloudy declared a strategic partnership with VALTES Co., Ltd, an effective software testing business in Japan, to extend its horizons in Japan. This collaboration will allow pCloudy to extend its influence in Japan and other countries. pCloudy and AnyTest will collaborate to create app testing more comfortable with a cloud-based app testing platform.
  • May 2020: Sauce Labs Inc. launched a failure analysis solution that leverages cutting-edge technologies such as ML to showcase users' pass/fail data to record a set of common reasons behind the collapse of the test. This solution allows developers and quality assurance managers to access insightful information to enhance test quality.
  • May 2018 - Qualitest acquired the Testing Services Division of Orasi Software, an Atlanta-based software reseller and professional services company. The acquisition will particularly enhance QualiTest's presence in the U.S., especially in the Southeast and Midwest, and bring a strong consumer portfolio, including prominent Tier 1 Multinational Corporations.

Software Quality Assurance & Testing Service Regional Analysis:

  • The North American Software Quality Assurance & Testing Service market holds the Largest Share of Global Market

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.

  • The United States Software Quality Assurance & Testing Service Expected to Expand at the Fastest Rate in North America

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.

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 Increasing Adoption of Software Quality Assurance and Testing Service Among SMEs And Large Businesses in the Asia Pacific Region Drives the Market Over the Forecast Period

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.

Frequently Asked Questions (FAQs)

What is the market size for the software quality assurance & testing service market 2022?

  • The global market size for the software quality assurance & testing service market in 2022 was XX USD billion.

What is the growth rate for the software quality assurance & testing service market during the forecast period?

  • The global market is expected to expand with a CAGR of 8.5% during the forecast period.

Which is the leading region of the market for software quality assurance & testing services?

  • North America had the largest global software quality assurance & testing service market revenue share in 2022.

Which is projected to be the fastest-growing region in the coming years?

  • Asia Pacific to witness the fastest growth in the global software quality assurance & testing service market over the coming years.

Which country is leading in the software quality assurance & testing service market 2022?

  • United States had the largest global software quality assurance & testing service market revenue share in North America.

What are the key drivers for the expansion of the software quality assurance & testing service market?

  • The main drivers of the growth of the software quality assurance & testing service market are the increased adoption rate of new technological solutions, increasing consumption of mobile-based applications, rising adoption of DevOps methodology and increasing digitalization in emerging economies.

Which is the major software quality assurance & testing service market segment by type?

  • The security testing segment had the largest share in the global market by component.

Which is the major segment in the software quality assurance & testing service market by application?

  • In 2022, the mobile application testing segment had a major share in the global software quality assurance & testing service market in terms of service.

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Cognitive Market Research has evolved as one leading market research and consulting firm and it provides services across multiple domains. Cognitive Market Research gathers and analyzes data about customers, competitors, distributors, and other market actors and forces operational across the value chain. As a market research company, we follow a complete process of gathering information about the target market and end-use industries to verify the complete journey of the product or service in the global market. It helps our readers understand the demand and viability of their product/service and how it might perform in the real world and helps them to build business strategies accordingly.

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