Software Testing Services Market Forecast to 2028 - COVID-19 Impact and Global Analysis By Component (Application Testing, Product Testing); Industry Vertical (BFSI, IT and Telecom, Manufacturing, Healthcare, Retail, Airlines, Others) and Geography

Report Code: TIPRE00009723 | No. of Pages: 150 | Category: Technology, Media and Telecommunications | Status: Upcoming

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MARKET OVERVIEW

Software testing is a process to verify whether the actual software is matching the expected requirements of client or not along with ensuring that the software is free from all the defects. It consists of execution of software components with the help of automated or manual tools for evaluating one or more properties of interest. Such software testing helps the organizations to ensure that their software is reliable, safe, and user friendly. Software testing services market is expected to grow significantly in upcoming years.

MARKET SCOPE

The "Global Software Testing Services Market Analysis to 2028" is a specialized and in-depth study of the technology, media and telecommunication industry with a special focus on the global market trend analysis. The report aims to provide an overview of the software testing services market with detailed market segmentation by component, industry vertical and geography. The report provides key statistics on the market status of the leading software testing services market players and offers key trends and opportunities in the market.
MARKET SEGMENTATION

  •   Based on component, the global software testing services market is segmented into application testing and product testing.
  •   On the basis of industry vertical, the market is segmented into BFSI, IT and telecom, manufacturing, healthcare, retail, airlines and others.

MARKET DYNAMICS
Drivers:

  •   Increasing use of mobile applications for various purposes.
  •   Growing adoption of machine learning and artificial intelligence in software testing.
  •   Growing digitalization in sectors like manufacturing, banking and retail.

Restraints

  •   Scarcity of skilled professionals.

REGIONAL FRAMEWORK

The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides an overview and forecast of the global market based on various segments. It also provides market size and forecast estimates from the year 2019 to 2028 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), the Middle East and Africa (MEA), and South America. The software testing services market by each region is later sub-segmented by respective countries and segments. The report covers the analysis and forecast of 18 countries globally along with the current trend and opportunities prevailing in the region.

The report analyzes factors affecting the market from both demand and supply side and further evaluates market dynamics affecting the market during the forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA, and South America after evaluating political, economic, social and technological factors affecting the software testing services market in these regions.

IMPACT OF COVID-19 ON SOFTWARE TESTING SERVICES MARKET
COVID-19 first began in Wuhan (China) during December 2019 and since then it has spread at a fast pace across the globe. The US, India, Brazil, Russia, France, the UK, Turkey, Italy, and Spain are some of the worst affected countries in terms confirmed cases and reported deaths. The COVID-19 has been affecting economies and industries in various countries due to lockdowns, travel bans, and business shutdowns. Due to travel ban, employees are not able to move to office regularly, hence company has given work from to many of its employees. This requires efficient software which will facilitate smooth working from home. With respect to this scenario, software testing has increased. But due to economic crisis, many small and large enterprises are closed and there are no new start-ups coming up. This has hindered the growth of the software testing services market.



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MARKET PLAYERS


The report covers key developments in the software testing services market as organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals and others such as patents and events. Inorganic growth strategies activities witnessed in the market were acquisitions, and partnership & collaborations. These activities have paved way for the expansion of business and customer base of market players. The market payers from software testing services market are anticipated to lucrative growth opportunities in the future with the rising demand for software testing services in the global market.

The report also includes the profiles of key companies along with their SWOT analysis and market strategies in the software testing services market. In addition, the report focuses on leading industry players with information such as company profiles, components, and services offered, financial information of the last 3 years, the key development in the past five years.

  •   Accenture plc
  •   Atos SE
  •   Capgemini SE
  •   Capita plc
  •   Cognizant Technology Solutions Corp
  •   DXC Technology Company
  •   HCL Technologies Limited
  •   IBM Corporation
  •   Tata Consultancy Services Limited
  •   Wipro Limited


The Insight Partner’s dedicated research and analysis team consist of experienced professionals with advanced statistical expertise and offer various customization options in the existing study.


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TABLE OF CONTENTS

1. INTRODUCTION
1.1. SCOPE OF THE STUDY
1.2. THE INSIGHT PARTNERS RESEARCH REPORT GUIDANCE
1.3. MARKET SEGMENTATION
1.3.1 Software Testing Services Market - By Component
1.3.2 Software Testing Services Market - By Industry Vertical
1.3.3 Software Testing Services Market - By Region
1.3.3.1 By Country

2. KEY TAKEAWAYS

3. RESEARCH METHODOLOGY

4. SOFTWARE TESTING SERVICES MARKET LANDSCAPE
4.1. OVERVIEW
4.2. PORTER’S FIVE FORCES ANALYSIS
4.2.1 Bargaining Power of Buyers
4.2.1 Bargaining Power of Suppliers
4.2.1 Threat of Substitute
4.2.1 Threat of New Entrants
4.2.1 Competitive Rivalry
4.3. ECOSYSTEM ANALYSIS
4.4. EXPERT OPINIONS

5. SOFTWARE TESTING SERVICES MARKET - KEY MARKET DYNAMICS
5.1. KEY MARKET DRIVERS
5.2. KEY MARKET RESTRAINTS
5.3. KEY MARKET OPPORTUNITIES
5.4. FUTURE TRENDS
5.5. IMPACT ANALYSIS OF DRIVERS AND RESTRAINTS

6. SOFTWARE TESTING SERVICES MARKET - GLOBAL MARKET ANALYSIS
6.1. SOFTWARE TESTING SERVICES - GLOBAL MARKET OVERVIEW
6.2. SOFTWARE TESTING SERVICES - GLOBAL MARKET AND FORECAST TO 2027
6.3. MARKET POSITIONING/MARKET SHARE

7. SOFTWARE TESTING SERVICES MARKET - REVENUE AND FORECASTS TO 2027 - COMPONENT
7.1. OVERVIEW
7.2. COMPONENT MARKET FORECASTS AND ANALYSIS
7.3. APPLICATION TESTING
7.3.1. Overview
7.3.2. Application Testing Market Forecast and Analysis
7.4. PRODUCT TESTING
7.4.1. Overview
7.4.2. Product Testing Market Forecast and Analysis
8. SOFTWARE TESTING SERVICES MARKET - REVENUE AND FORECASTS TO 2027 - INDUSTRY VERTICAL
8.1. OVERVIEW
8.2. INDUSTRY VERTICAL MARKET FORECASTS AND ANALYSIS
8.3. BFSI
8.3.1. Overview
8.3.2. BFSI Market Forecast and Analysis
8.4. IT AND TELECOM
8.4.1. Overview
8.4.2. IT and Telecom Market Forecast and Analysis
8.5. MANUFACTURING
8.5.1. Overview
8.5.2. Manufacturing Market Forecast and Analysis
8.6. HEALTHCARE
8.6.1. Overview
8.6.2. Healthcare Market Forecast and Analysis
8.7. RETAIL
8.7.1. Overview
8.7.2. Retail Market Forecast and Analysis
8.8. AIRLINES
8.8.1. Overview
8.8.2. Airlines Market Forecast and Analysis
8.9. OTHERS
8.9.1. Overview
8.9.2. Others Market Forecast and Analysis

9. SOFTWARE TESTING SERVICES MARKET REVENUE AND FORECASTS TO 2027 - GEOGRAPHICAL ANALYSIS
9.1. NORTH AMERICA
9.1.1 North America Software Testing Services Market Overview
9.1.2 North America Software Testing Services Market Forecasts and Analysis
9.1.3 North America Software Testing Services Market Forecasts and Analysis - By Component
9.1.4 North America Software Testing Services Market Forecasts and Analysis - By Industry Vertical
9.1.5 North America Software Testing Services Market Forecasts and Analysis - By Countries
9.1.5.1 United States Software Testing Services Market
9.1.5.1.1 United States Software Testing Services Market by Component
9.1.5.1.2 United States Software Testing Services Market by Industry Vertical
9.1.5.2 Canada Software Testing Services Market
9.1.5.2.1 Canada Software Testing Services Market by Component
9.1.5.2.2 Canada Software Testing Services Market by Industry Vertical
9.1.5.3 Mexico Software Testing Services Market
9.1.5.3.1 Mexico Software Testing Services Market by Component
9.1.5.3.2 Mexico Software Testing Services Market by Industry Vertical
9.2. EUROPE
9.2.1 Europe Software Testing Services Market Overview
9.2.2 Europe Software Testing Services Market Forecasts and Analysis
9.2.3 Europe Software Testing Services Market Forecasts and Analysis - By Component
9.2.4 Europe Software Testing Services Market Forecasts and Analysis - By Industry Vertical
9.2.5 Europe Software Testing Services Market Forecasts and Analysis - By Countries
9.2.5.1 Germany Software Testing Services Market
9.2.5.1.1 Germany Software Testing Services Market by Component
9.2.5.1.2 Germany Software Testing Services Market by Industry Vertical
9.2.5.2 France Software Testing Services Market
9.2.5.2.1 France Software Testing Services Market by Component
9.2.5.2.2 France Software Testing Services Market by Industry Vertical
9.2.5.3 Italy Software Testing Services Market
9.2.5.3.1 Italy Software Testing Services Market by Component
9.2.5.3.2 Italy Software Testing Services Market by Industry Vertical
9.2.5.4 United Kingdom Software Testing Services Market
9.2.5.4.1 United Kingdom Software Testing Services Market by Component
9.2.5.4.2 United Kingdom Software Testing Services Market by Industry Vertical
9.2.5.5 Russia Software Testing Services Market
9.2.5.5.1 Russia Software Testing Services Market by Component
9.2.5.5.2 Russia Software Testing Services Market by Industry Vertical
9.2.5.6 Rest of Europe Software Testing Services Market
9.2.5.6.1 Rest of Europe Software Testing Services Market by Component
9.2.5.6.2 Rest of Europe Software Testing Services Market by Industry Vertical
9.3. ASIA-PACIFIC
9.3.1 Asia-Pacific Software Testing Services Market Overview
9.3.2 Asia-Pacific Software Testing Services Market Forecasts and Analysis
9.3.3 Asia-Pacific Software Testing Services Market Forecasts and Analysis - By Component
9.3.4 Asia-Pacific Software Testing Services Market Forecasts and Analysis - By Industry Vertical
9.3.5 Asia-Pacific Software Testing Services Market Forecasts and Analysis - By Countries
9.3.5.1 Australia Software Testing Services Market
9.3.5.1.1 Australia Software Testing Services Market by Component
9.3.5.1.2 Australia Software Testing Services Market by Industry Vertical
9.3.5.2 China Software Testing Services Market
9.3.5.2.1 China Software Testing Services Market by Component
9.3.5.2.2 China Software Testing Services Market by Industry Vertical
9.3.5.3 India Software Testing Services Market
9.3.5.3.1 India Software Testing Services Market by Component
9.3.5.3.2 India Software Testing Services Market by Industry Vertical
9.3.5.4 Japan Software Testing Services Market
9.3.5.4.1 Japan Software Testing Services Market by Component
9.3.5.4.2 Japan Software Testing Services Market by Industry Vertical
9.3.5.5 South Korea Software Testing Services Market
9.3.5.5.1 South Korea Software Testing Services Market by Component
9.3.5.5.2 South Korea Software Testing Services Market by Industry Vertical
9.3.5.6 Rest of Asia-Pacific Software Testing Services Market
9.3.5.6.1 Rest of Asia-Pacific Software Testing Services Market by Component
9.3.5.6.2 Rest of Asia-Pacific Software Testing Services Market by Industry Vertical
9.4. MIDDLE EAST AND AFRICA
9.4.1 Middle East and Africa Software Testing Services Market Overview
9.4.2 Middle East and Africa Software Testing Services Market Forecasts and Analysis
9.4.3 Middle East and Africa Software Testing Services Market Forecasts and Analysis - By Component
9.4.4 Middle East and Africa Software Testing Services Market Forecasts and Analysis - By Industry Vertical
9.4.5 Middle East and Africa Software Testing Services Market Forecasts and Analysis - By Countries
9.4.5.1 South Africa Software Testing Services Market
9.4.5.1.1 South Africa Software Testing Services Market by Component
9.4.5.1.2 South Africa Software Testing Services Market by Industry Vertical
9.4.5.2 Saudi Arabia Software Testing Services Market
9.4.5.2.1 Saudi Arabia Software Testing Services Market by Component
9.4.5.2.2 Saudi Arabia Software Testing Services Market by Industry Vertical
9.4.5.3 U.A.E Software Testing Services Market
9.4.5.3.1 U.A.E Software Testing Services Market by Component
9.4.5.3.2 U.A.E Software Testing Services Market by Industry Vertical
9.4.5.4 Rest of Middle East and Africa Software Testing Services Market
9.4.5.4.1 Rest of Middle East and Africa Software Testing Services Market by Component
9.4.5.4.2 Rest of Middle East and Africa Software Testing Services Market by Industry Vertical
9.5. SOUTH AND CENTRAL AMERICA
9.5.1 South and Central America Software Testing Services Market Overview
9.5.2 South and Central America Software Testing Services Market Forecasts and Analysis
9.5.3 South and Central America Software Testing Services Market Forecasts and Analysis - By Component
9.5.4 South and Central America Software Testing Services Market Forecasts and Analysis - By Industry Vertical
9.5.5 South and Central America Software Testing Services Market Forecasts and Analysis - By Countries
9.5.5.1 Brazil Software Testing Services Market
9.5.5.1.1 Brazil Software Testing Services Market by Component
9.5.5.1.2 Brazil Software Testing Services Market by Industry Vertical
9.5.5.2 Argentina Software Testing Services Market
9.5.5.2.1 Argentina Software Testing Services Market by Component
9.5.5.2.2 Argentina Software Testing Services Market by Industry Vertical
9.5.5.3 Rest of South and Central America Software Testing Services Market
9.5.5.3.1 Rest of South and Central America Software Testing Services Market by Component
9.5.5.3.2 Rest of South and Central America Software Testing Services Market by Industry Vertical

10. INDUSTRY LANDSCAPE
10.1. MERGERS AND ACQUISITIONS
10.2. AGREEMENTS, COLLABORATIONS AND JOIN VENTURES
10.3. NEW PRODUCT LAUNCHES
10.4. EXPANSIONS AND OTHER STRATEGIC DEVELOPMENTS

11. SOFTWARE TESTING SERVICES MARKET, KEY COMPANY PROFILES
11.1. ACCENTURE PLC
11.1.1. Key Facts
11.1.2. Business Description
11.1.3. Products and Services
11.1.4. Financial Overview
11.1.5. SWOT Analysis
11.1.6. Key Developments
11.2. ATOS SE
11.2.1. Key Facts
11.2.2. Business Description
11.2.3. Products and Services
11.2.4. Financial Overview
11.2.5. SWOT Analysis
11.2.6. Key Developments
11.3. CAPGEMINI SE
11.3.1. Key Facts
11.3.2. Business Description
11.3.3. Products and Services
11.3.4. Financial Overview
11.3.5. SWOT Analysis
11.3.6. Key Developments
11.4. CAPITA PLC
11.4.1. Key Facts
11.4.2. Business Description
11.4.3. Products and Services
11.4.4. Financial Overview
11.4.5. SWOT Analysis
11.4.6. Key Developments
11.5. COGNIZANT TECHNOLOGY SOLUTIONS CORP
11.5.1. Key Facts
11.5.2. Business Description
11.5.3. Products and Services
11.5.4. Financial Overview
11.5.5. SWOT Analysis
11.5.6. Key Developments
11.6. DXC TECHNOLOGY COMPANY
11.6.1. Key Facts
11.6.2. Business Description
11.6.3. Products and Services
11.6.4. Financial Overview
11.6.5. SWOT Analysis
11.6.6. Key Developments
11.7. HCL TECHNOLOGIES LIMITED
11.7.1. Key Facts
11.7.2. Business Description
11.7.3. Products and Services
11.7.4. Financial Overview
11.7.5. SWOT Analysis
11.7.6. Key Developments
11.8. IBM CORPORATION
11.8.1. Key Facts
11.8.2. Business Description
11.8.3. Products and Services
11.8.4. Financial Overview
11.8.5. SWOT Analysis
11.8.6. Key Developments
11.9. TATA CONSULTANCY SERVICES LIMITED
11.9.1. Key Facts
11.9.2. Business Description
11.9.3. Products and Services
11.9.4. Financial Overview
11.9.5. SWOT Analysis
11.9.6. Key Developments
11.10. WIPRO LIMITED
11.10.1. Key Facts
11.10.2. Business Description
11.10.3. Products and Services
11.10.4. Financial Overview
11.10.5. SWOT Analysis
11.10.6. Key Developments

12. APPENDIX
12.1. ABOUT THE INSIGHT PARTNERS
12.2. GLOSSARY OF TERMS
The List of Companies

1. Accenture plc
2. Atos SE
3. Capgemini SE
4. Capita plc
5. Cognizant Technology Solutions Corp
6. DXC Technology Company
7. HCL Technologies Limited
8. IBM Corporation
9. Tata Consultancy Services Limited
10. Wipro Limited
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