Global Outsourced Software Testing Services Market Analysis, Drivers, Restraints, Opportunities, Threats, Trends, Applications, and Growth Forecast: 2019–2028
Outsourced Software Testing Services Market: Overview
The Outsourced Software Testing Services Market was valued at $24 million in 2020 & is projected to reach $34 million by 2030. It is expected to grow at a 5% CAGR between 2021 and 2030.
Outsourced software testing services are a process of outsourcing the testing of software to a third-party company in order to check whether the software has been developed as per the client’s requirement or not.
A company hires another company or a specialized software testing team to ensure a better quality of software.
This hired company or a team is responsible for the planning, software testing, and other procedure, and all the process is done within the company premises.
It is an independent team of people who are not involved in the development of the software.
Outsourced Software Testing Services Market: Dynamics
Outsourced software testing services provide more efficiency in testing as this process includes hiring a team from agencies who provide their highly skilled software testing professionals to complete the task with high efficiency and less time.
This is a major factor expected to drive the growth of the global outsourced software testing services market.
In addition, the cost of these services is low as it does not require any types of tools and they are already armed with the equipment and other necessities which is another factor expected to drive demand for such services and in turn, drive the growth of the global outsourced software testing market.
Software testing is an intrinsic part before deployment of any software as well as testing experts will handle all the work related to software testing, so that an enterprise can focus on core development activities.
Furthermore, the rapidly growing IT sector and increasing need for the development of various software in various emerging countries lead to high demand for these types of services, and key players are focusing to enhance the quality of the software which will result in more demand for outsourced software testing services.
These factors are expected to drive the growth of the global outsourced software testing services market.
However, complex understanding, problems related to outsourcing, and the risk of leak of information are some factors that could hinder the growth of the global outsourced software testing services market.
Outsourced Software Testing Services Market: Segment Analysis
Among the end-use industry segments, the IT and telecommunication segment is expected to account for the largest revenue share in the global outsourced software testing market.
Continuously development of new applications and high adoption of these services by IT and telecommunication services in order to provide customer satisfaction by accomplishing the requirements of customers are factors expected to drive the growth of this segment.
Outsourced Software Testing Services Market: Region Analysis
The North American market is expected to account for the highest revenue share in the global outsourced software testing services market.
Huge-IT and telecommunication industry, availability of highly skilled persons in this region, and the presence of well-established outsourcing companies are major factors expected to drive the growth of the target market in North America.
Outsourced Software Testing Services Segmentation:
Segmentation by Type:
- Functional Testing
- Non-Functional Testing
- Automation Testing
- Agile Testing
Segmentation by End-use Industry:
Segmentation by Region:
- North America
- Latin America
- Asia Pacific
- Middle East & Africa
Attribute Report Details Market Size Ask For Market Size Growth Rate Ask For Growth Rate Key Companies Ask For Companies Report Coverage Revenue analysis, Competitive landscape, Key company analysis, Market Trends, Key segments, Distribution Channel, Market Dynamics, COVID-19 Impact Analysis and more… Historical Data Period 2015-2020 Base Year 2022 Forecast Period 2022-2031 Region Scope North America, Europe, Asia-Pacific, South America, Middle East & Africa Country Scope United States, Canada and Mexico, Germany, France, UK, Russia and Italy, China, Japan, Korea, India and Southeast Asia, Brazil, Argentina, Colombia etc.Saudi Arabia, UAE, Egypt, Nigeria and South Africa Revenue in US$ Mn
- Capgemini SE
- Cognizant Technology Solutions
- IBM Corporation
- Infosys ltd.
- Tata Consultancy Services Limited
- Wipro Limited
- Atos SE
- Cigniti Technologies ltd.
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