Software testing and QA services help ensure the quality, performance, and security of software and applications. They identify bugs, vulnerabilities, and other issues to optimize functionality. With the growing complexity of software, manual testing is inefficient and automation has become essential. Automation speeds up the testing process, allowing for more rounds of testing in less time. It minimizes human errors and improves consistency.
The global Software Testing and QA Services Market is estimated to be valued at US$ 44.26 Bn in 2024 and is expected to exhibit a CAGR of 5.2% over the forecast period 2024 to 2031, as highlighted in a new report published by Coherent Market Insights.
Market key trends:
One of the major trends in the software testing and QA services market is the rising adoption of test automation. Automation can significantly boost testing efficiency by reducing time spent on repetitive tasks. It allows tests to be run continuously as part of the development process. This leads to bugs being detected much earlier when they are cheaper to fix. Many organizations are increasingly automating functional and non-functional testing processes using open source and commercial testing tools. The growing complexity of applications is also driving greater use of artificial intelligence in test automation. AI can help streamline test case development and maintenance while improving test accuracy and coverage. These factors are expected to propel the automation trend in software testing over the coming years.
Segment Analysis
The global software testing and QA services market is dominated by the IT consulting and outsourcing services segment. This is due to the increasing adoption of offshore QA services and outsourcing model by various software developers and industries. Growing need to reduce costs and access advanced testing techniques and expertise is driving the growth of this segment.
Key Takeaways
The Global Software Testing And QA Services Market Size is estimated to be valued at US$ 44.26 Bn in 2024 and is expected to exhibit a CAGR of 5.2% over the forecast period 2024 to 2031.
Regional analysis
Asia Pacific region is expected to witness the fastest growth in the software testing and QA services market during the forecast period. Countries like India, China, Japan, etc. are increasingly adopting QA services. Growing IT industry and presence of leading players in the region are some factors promoting the market growth.
Key players
Key players operating in the software testing and QA services market are Thermo Fisher Scientific, Merck KGaA, Danaher Corporation, Agilent Technologies, PerkinElmer, GE Healthcare, Promega Corporation, Genetec, Bio-Rad Laboratories, and Abcam. Thermo Fisher Scientific and Danaher Corporation are the dominating players owing to their diverse product portfolio and global presence.
Get More Insights Here
https://www.newswirestats.com/software-testing-and-qa-services-market-analysis-size-share-growth-outlook-2023/
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