Friday, May 10, 2024

Global Continuous Testing Market Report 2024: Market Size, CAGR, Lucrative Segments And Top Regions

Overview and Scope

Continuous testing refers to incorporating automated tests at various stages of the software development life cycle to provide continuous feedback, ensuring quality and efficiency in the development process. It involves running automated tests every time new code is integrated, from early stages like integration testing to later stages such as system testing, regression testing, and user acceptance testing.

Sizing and Forecast
The continuous testing market size has grown rapidly in recent years. It will grow from $2.59 billion in 2023 to $3.05 billion in 2024 at a compound annual growth rate (CAGR) of 17.7%.  The growth in the historic period can be attributed to the increasing need for reducing costs of defects and improving tests, increasing demand for timely delivery and digital transformations, accelerated release cycles, and increased automation.

The continuous testing market size is expected to see rapid growth in the next few years. It will grow to $5.90 billion in 2028 at a compound annual growth rate (CAGR) of 17.9%.  The growth in the forecast period can be attributed to the adoption of agile and DevOps, the increasing need for continuous and timely delivery, increasing demand for IoT-enabled devices, the complexity of software applications, and quality assurance (QA) optimization. Major trends in the forecast period include a shift-left approach, test automation, shift-right testing, security testing, shift to cloud-based testing solutions.

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Segmentation & Regional Insights
The continuous testing market covered in this report is segmented –
1) By Component Type: Software, Services
2) By Platform Type: Web, Desktop, Mobile
3) By Deployment Type: Cloud, On-Premises
4) By Organization Size: Small And Medium-Sized Enterprises (SMEs), Large Enterprises
5) By End-Use: Banking, Financial Services, And Insurance (BFSI), Retail And Consumer Goods, Transportation And Logistics, Healthcare, Manufacturing, Telecom And Information Technology, Energy And Utilities, Government, Media And Entertainment, Other End-Users

North America was the largest region in the continuous testing market in 2023. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the continuous testing market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.

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Major Driver Impacting Market Growth
The increasing demand for IoT devices is expected to propel the growth of the continuous testing market going forward. IoT (Internet of Things) devices refer to specialized computing hardware like sensors, actuators, or appliances that wirelessly connect to a network, enabling them to transmit data and interact over the Internet. The adoption of IoT (Internet of Things) devices is on the rise due to several key factors, including the proliferation of high-speed internet and wireless networks, the declining cost of hardware components, and the growing demand for smart devices. IoT devices can simulate various environmental factors like temperature, humidity, pressure, and motion to enable testers to validate the performance of their applications under different conditions. Test automation tools can interact with IoT devices to perform functional, performance, and compatibility testing across a wide range of devices and configurations. For instance, in August 2022, according to the report published by the Health Sector Cybersecurity Coordination Center (HC3), a US-based part of the Department of Health and Human Services (HHS) Cybersecurity Program, approximately 7 billion devices are connected through the Internet of Things (IoT) in 2022, and projections indicate substantial growth, with an estimated 20 billion additional devices expected to leverage this technology by the year 2025. Therefore, increasing demand for IoT devices is driving the growth of the continuous testing market.

Key Industry Players
Major companies operating in the continuous testing market are International Business Machine Corporation, Broadcom Inc., Capgemini SE, Cognizant Technology Solutions India Private Limited., HCL Technologies Limited, Atos SE, Tech Mahindra Limited, EPAM Systems Inc., Micro Focus International plc , Larsen and Toubro Infotech Limited, QualiTest Group, Mindtree Consulting Limited, Hexaware Technologies Limited, Vector Software Inc., Sauce Labs Inc., Spirent Communications plc, Parasoft Corporation, Tricentis India Pvt. Ltd., Applause Quality Inc., Cigniti Technologies Limited (Cigniti), NIIT Technologies Limited, QA Mentor, SmartBear Software LLC, Worksoft Inc., Appvance Inc., Kobiton Inc., LogiGear Corporation, Softcrylic LLC, PractiTest Ltd., Testplant Limited

The continuous testing market report table of contents includes:
1. Executive Summary

2. Continuous Testing Market Characteristics

3. Continuous Testing Market Trends And Strategies

4. Continuous Testing Market - Macro Economic Scenario

5. Global Continuous Testing Market Size and Growth
.
32. Global Continuous Testing Market Competitive Benchmarking

33. Global Continuous Testing Market Competitive Dashboard

34. Key Mergers And Acquisitions In The Continuous Testing Market

35. Continuous Testing Market Future Outlook and Potential Analysis

36. Appendix

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