Home Press Releases Test Automation Market Projected to Gain $52.7 billion by 2027

Test Automation Market Projected to Gain $52.7 billion by 2027

by Press Room


(EMAILWIRE.COM, January 31, 2024 ) According to a research report “Test Automation Market by Component (Testing Types (Static Testing and Dynamic Testing) and Services), Endpoint Interface (Mobile, Web, Desktop, and Embedded Software), Organization Size, Vertical and Region – Global Forecast to 2027″ published by MarketsandMarkets, the automation testing market is expected to grow from USD 24.7 billion in 2022 to USD 52.7 billion by 2027, at a CAGR of 16.4% during the forecast period. The demand for secure software and firmware updates increased during pandemic, which has increased the need for testing software’s regularly, in turn boosting the need for automation testing services.

Browse 504 market data Tables and 50 Figures spread through 367 Pages and in-depth TOC on “Automation Testing Market – Global Forecast to 2027”

Download PDF Brochure : https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=113583451

By component, services are estimated to account for the largest market share in 2022

The advisory and consultancy services contribute to the improvement of automated testing infrastructure and tools across the product delivery life cycle. Services for automation testing are primarily provided to organisations, end users, and developers. Managed services assist businesses in delegating the duty of upkeep and foresight of processes and tasks needed to enhance operations and cut costs.

By vertical, retail is expected to register the fastest growth rate during the forecast period.

Advanced automation technologies used in this vertical provide real-time advertising and marketing and analytics-based decisions. The retail vertical has completely transformed compared to others in terms of mobile testing due to the increase in the production of smartphones and the development of in-house experts for mobile technology.

Asia Pacific is likely to emerge as the fastest-growing market during the forecast period

Asia Pacific is anticipated to have highest CAGR for the forecasted period. Significant development prospects exist for automated testing suppliers in developed nations including Australia, Japan, Singapore, China, New Zealand, and Hong Kong in the region. The growth of the automation testing market in this region is primarily being driven by rising government initiatives, expanding demands for quick computing, virtualized environments, analytics, security, digitalization, and high-volume networking, as well as rising overall internet speed and responsiveness.

Market Players

The major vendors covered in the automation testing market include Accenture (Ireland), AFour Technologies (US), Applitools (US), Astegic (US), Broadcom (US), Capgemini (France), Cigniti Technologies (India), Codoid (India), Cygnet Infotech (India), IBM (US), Invensis (India), Keysight Technologies (US), Micro Focus (UK), Microsoft (US), Mobisoft Infotech (US), Parasoft (US), Apexon (US), QA Mentor (US), QA Source (US), QualityKiosk Technologies (India), Ranorex (Austria), Sauce Labs (US), Smartbear Software (US), Thinksys (US), Tricentis (US), Worksoft (US), QT Company (Finland).

About MarketsandMarkets™

MarketsandMarkets™ is a blue ocean alternative in growth consulting and program management, leveraging a man-machine offering to drive supernormal growth for progressive organizations in the B2B space. We have the widest lens on emerging technologies, making us proficient in co-creating supernormal growth for clients.

The B2B economy is witnessing the emergence of $25 trillion of new revenue streams that are substituting existing revenue streams in this decade alone. We work with clients on growth programs, helping them monetize this $25 trillion opportunity through our service lines – TAM Expansion, Go-to-Market (GTM) Strategy to Execution, Market Share Gain, Account Enablement, and Thought Leadership Marketing.

Built on the ’GIVE Growth’ principle, we work with several Forbes Global 2000 B2B companies – helping them stay relevant in a disruptive ecosystem. Our insights and strategies are molded by our industry experts, cutting-edge AI-powered Market Intelligence Cloud, and years of research. The KnowledgeStore™ (our Market Intelligence Cloud) integrates our research, facilitates an analysis of interconnections through a set of applications, helping clients look at the entire ecosystem and understand the revenue shifts happening in their industry.

To find out more, visit www.MarketsandMarkets™.com or follow us on Twitter, LinkedIn and Facebook.

Contact:
Mr. Aashish Mehra
MarketsandMarkets™ INC.
630 Dundee Road
Suite 430
Northbrook, IL 60062
USA : 1-888-600-6441
sales@marketsandmarkets.com



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