The Business Research Company’s Testing Software Global Market Report 2023 is the most detailed report available on the market, including broad forecast periods and multiple geographies. The report covers the historic period – 2010-2021, and the forecast period – 2023-2032. The Testing Software Global Market Report 2023 evaluates testing software market size, growth rate, drivers, trends, and major companies.
The report provides
a global perspective by covering 60 geographies and focusing on major economies
in each region – Asia-Pacific, Western Europe, Eastern Europe, North America,
South America, Middle East, Africa.
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And Tables):
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The global testing
software market size is expected to grow from $48.77 billion in 2022 to $52.79
billion in 2023 at a compound annual growth rate (CAGR) of 8.2%. The
Russia-Ukraine war disrupted the chances of global economic recovery from the
COVID-19 pandemic, at least in the short term. The war between these two
countries has led to economic sanctions on multiple countries, a surge in
commodity prices, and supply chain disruptions, causing inflation across goods
and services and affecting many markets across the globe. The market size of
the testing software is expected to grow to $70.69 billion in 2027 at a CAGR of
7.6%.
The surging
adoption of smart consumer products is expected to propel the growth of the
testing software market going forward. Smart consumer products refer to devices
that are connected to the internet, developed for consumers, and can exchange
data about themselves, their surroundings, and their users. Automation of
software testing is a crucial component of the foundation for smart product
online activities. It's a crucial area that takes a lot of attention from
individuals in software testing roles online. For instance, according to
Earthweb, a US-based online media company, in 2021, 258.54 million smart homes
were there globally in the US, of which 23% of broadband households have three
or more smart home appliances. Therefore, the surging adoption of smart
consumer products is driving the growth of the testing software market.
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Report:
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The testing
software market segments in the report are:
1) By Type:
System Integrator, Pureplay Software Testing
2) By Component:
Application Testing, Services
3) By End-User:
BFSI, IT And Telecom, Life Sciences and Healthcare, Manufacturing, Energy and
Utilities, Retail, Consumer Goods, Logistics, Other End Users
The table of contents in TBRC’s testing software market report includes:
1. Executive Summary
2. Testing Software Market Characteristics
3. Testing Software Market Trends And Strategies
4. Testing Software Market - Macro Economic Scenario
5. Testing Software Market Size And Growth
.
26. Africa
Testing Software Market
28. Key Mergers And Acquisitions In The Testing Software Market
29. Testing Software Market Future Outlook and Potential Analysis
30. Appendix
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