USD 17.7 billion
Report ID:
SQMIG45B2104 |
Region:
Global |
Published Date: September, 2024
Pages:
197
|Tables:
63
|Figures:
77
Automation Testing Market size was valued at USD 20.57 billion in 2022 and is poised to grow from USD 23.9 billion in 2023 to USD 79.44 billion by 2031, growing at a CAGR of 16.2% during the forecast period (2024-2031).
The automation testing market is witnessing major growth impacted by the rising demand for efficient development processes of software and the growing need for quicker time-to-market. The top factors driving the growth of the automation testing market include increased adoption of agile techniques, growing complexity of software applications, and the integration of machine learning and AI in testing technologies. However, the market is hampered by the growing intricacy of implementation and the lack of trained professionals. Cost of training and tools are significant, which may restrict the smaller and medium organizations to adopt them. Yet, the market is anticipated to flourish over the estimated period owing to increasing integration of ML and AI and rising demand for continuous testing.
Global Market Size
USD 17.7 billion
Largest Segment
On-Premises
Fastest Growth
On-Premises
Growth Rate
16.2% CAGR
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Global Automation Testing Market is segmented by Offering, Testing Type, Service, Dynamic Testing, Endpoint Interface, Vertical, and Region. Based on Offering, the market is segmented into Testing types, Services. Based on Testing Type, the market is segmented into Static Testing, Dynamic Testing. Based on Service, the market is segmented into Advisory and Consulting Services, Documentation & Training Services, Support and Maintenance Services, Planning and Development, Implementation Services, Managed Services, Other Services. Based on Dynamic Testing, the market is segmented Functional Testing, Non-Functional Testing (Security Testing, Performance Testing), Compatibility Testing, Compliance Testing, Usability Testing, Others. Based on Endpoint Interface, the market is segmented into Mobile, Web, Desktop, Embedded Software. Based on Vertical, the market is segmented into BFSI, Automotive, Aerospace & Defense, Healthcare & Life Sciences, Retail, IT & ITes, Telecom, Manufacturing, Transportation and Logistics, Energy & Utilities, Media & Entertainment, Other Verticals. Based on region, the market is segmented into North America, Europe, Asia Pacific, Latin America and Middle East & and Africa.
Analysis by Offering
Based on offering, the automation testing market is categorized into testing types and services. The service segment held a notable share of the market in the previous years and is expected to lead over the forecast period as well owing to improved customization and expertise and fast implementation. Service providers are increasingly offering tailored automation solutions that satisfy certain business requirements. This confirms optimal alignment with client needs and enhances better customer experience. Moreover, outsourcing these services enables businesses to adopt testing processes more smoothly, which reduces time-to-market for software-associated products. Offering better flexible engagement models also helps service providers to scale their services, thus impacting the segment’s growth.
On the other hand, the testing type segment is projected to grow considerably over the forecast period owing to numerous testing needs, emphasis on quality assurance, and growing complexity of applications. Businesses need diverse types of testing to confirm exhaustive quality assurance, which fuels the demand for expert automation testing technologies. Automation testing identifies performance issues beforehand and offers better user satisfaction and high-quality software. Also, the growing complexity of applications is increasing the demand for automation to handle efficient testing in diverse components, thus impacting the segment’s growth.
Analysis by Vertical
Based on vertical, the market is segmented into BFSI, automotive, aerospace & defense, healthcare & life sciences, retail, IT & ITes, telecom, manufacturing, transportation & logistics, energy & utilities, media & entertainment, and other verticals. The BFSI segment held a notable market share in the previous years and is expected to continue dominance over the forecast period as well owing to mounting transaction volumes, security concerns, and complex systems. BFSI industry needs automated testing on a large scale due to the growing number of transactions being processed daily. Automation testing helps them lower errors and downtime, improve performance and system reliability. Automation testing also helps them identify suspected theft or attacks and offers protection against cyberattacks.
On the other hand, the healthcare & life sciences segment will hold a notable market share in the forthcoming years owing to strict regulatory compliance, growing complexity of systems, and data privacy and security. The healthcare sector is highly regulated, demanding all-inclusive testing to comply with FDA guidelines and HIPAA standards. This majorly drives the need for automated testing compliance. Medical applications mostly integrated diverse systems that need reliable testing for smooth interoperability and functionality. Also, the growing need to maintain privacy and safeguard patient data is demanding effective automation testing to ensure compliance and detect suspects.
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Geographically, North America dominated the market in 2023 and is expected to lead over the forecast period owing to technological advancements, growing demand for quality assurance, and increasing adoption of DevOps and Agile. North America is a leading center for several startups and prominent technology companies in automation testing methodologies and tools. The region also puts a key emphasis on offering superior quality software products, resulting in constant testing, thus driving investments in more improved testing solutions. Wide adoption of DevOps and Agile practices majorly demand automation tools. The leading players profiled in the region include Selenium, Cypress, Tricentis, Micro Focus, SmartBear, Katalon, and more.
Asia-Pacific is the fastest-growing region in the global automation testing market due to rising demand for quality assurance, growth of several technology startups, and diverse industry needs. Since a greater number of businesses are moving online, it becomes important to ensure quality software, which impacts the need for reliable testing solutions. The increasing number of startups in Asia-Pacific is nurturing modernization in testing methodologies and tools. Moreover, industries like healthcare, e-commerce, and BFSI are progressing speedily, needing strong automation testing to aid their growth.
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Drivers
Growing Complexity of Software Applications
Resource Optimization and Cost-Efficiency
Restraints
Maintenance Overhead May Negatively Impact Market Growth
Restricted Scope of Automation
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The global automation testing market is a highly competitive global market driven by many international competitors. Prominent corporations with cutting-edge AI and ML technology are Google, IBM, Microsoft, and NVIDIA. To support a wide range of applications across industries, these industry experts concentrate on creating cutting-edge algorithms, scalable platforms, and reliable infrastructure. Rapid advances in technology, strategic alliances, and large expenditures on research and development define the competitive environment.
Top Player’s Company Profiles
Recent Developments
SkyQuest’s ABIRAW (Advanced Business Intelligence, Research & Analysis Wing) is our Business Information Services team that Collects, Collates, Co-relates and Analyses the Data collected by means of Primary Exploratory Research backed by the robust Secondary Desk research.
According to our analyses, the global automation testing market is experiencing significant growth and is expected to continue its upward trajectory in the coming years. The automation testing market has been witnessing steady growth due to the increasing adoption of automation in software testing processes. Several factors are driving the growth of the automation testing market. These include the increasing complexity of software applications, the need for faster release cycles and continuous integration/delivery, cost and time efficiency offered by automation testing, demand for comprehensive test coverage and accuracy, and the rise of agile and DevOps practices. As organizations across industries prioritize digital transformation, the demand for automation testing solutions is expected to surge, presenting significant opportunities for market players.
Report Metric | Details |
---|---|
Market size value in 2022 | USD 20.57 billion |
Market size value in 2031 | USD 79.44 billion |
Growth Rate | 16.2% |
Base year | 2023 |
Forecast period | 2024-2031 |
Forecast Unit (Value) | USD Billion |
Segments covered |
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Regions covered | North America (US, Canada), Europe (Germany, France, United Kingdom, Italy, Spain, Rest of Europe), Asia Pacific (China, India, Japan, Rest of Asia-Pacific), Latin America (Brazil, Rest of Latin America), Middle East & Africa (South Africa, GCC Countries, Rest of MEA) |
Companies covered |
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Executive Summary
Market overview
Parent Market Analysis
Market overview
Market size
KEY MARKET INSIGHTS
COVID IMPACT
MARKET DYNAMICS & OUTLOOK
Market Size by Region
KEY COMPANY PROFILES
For the Automation Testing Market, our research methodology involved a mixture of primary and secondary data sources. Key steps involved in the research process are listed below:
1. Information Procurement: This stage involved the procurement of Market data or related information via primary and secondary sources. The various secondary sources used included various company websites, annual reports, trade databases, and paid databases such as Hoover's, Bloomberg Business, Factiva, and Avention. Our team did 45 primary interactions Globally which included several stakeholders such as manufacturers, customers, key opinion leaders, etc. Overall, information procurement was one of the most extensive stages in our research process.
2. Information Analysis: This step involved triangulation of data through bottom-up and top-down approaches to estimate and validate the total size and future estimate of the Automation Testing Market.
3. Report Formulation: The final step entailed the placement of data points in appropriate Market spaces in an attempt to deduce viable conclusions.
4. Validation & Publishing: Validation is the most important step in the process. Validation & re-validation via an intricately designed process helped us finalize data points to be used for final calculations. The final Market estimates and forecasts were then aligned and sent to our panel of industry experts for validation of data. Once the validation was done the report was sent to our Quality Assurance team to ensure adherence to style guides, consistency & design.
Customization Options
With the given market data, our dedicated team of analysts can offer you the following customization options are available for the Automation Testing Market:
Product Analysis: Product matrix, which offers a detailed comparison of the product portfolio of companies.
Regional Analysis: Further analysis of the Automation Testing Market for additional countries.
Competitive Analysis: Detailed analysis and profiling of additional Market players & comparative analysis of competitive products.
Go to Market Strategy: Find the high-growth channels to invest your marketing efforts and increase your customer base.
Innovation Mapping: Identify racial solutions and innovation, connected to deep ecosystems of innovators, start-ups, academics, and strategic partners.
Category Intelligence: Customized intelligence that is relevant to their supply Markets will enable them to make smarter sourcing decisions and improve their category management.
Public Company Transcript Analysis: To improve the investment performance by generating new alpha and making better-informed decisions.
Social Media Listening: To analyze the conversations and trends happening not just around your brand, but around your industry as a whole, and use those insights to make better Marketing decisions.
Global Automation Testing Market size was valued at USD 24.1 billion in 2022 and is poised to grow from USD 28.2 billion in 2023 to USD 83.89 billion by 2031, growing at a CAGR of 14.6% during the forecast period (2024-2031).
These companies have established themselves as key players in the market, offering automation testing solutions that encompass various testing capabilities and support different industries and domains. They constantly innovate their offerings and expand their service portfolios to cater to evolving market demands. 'IBM ', 'Accenture ', 'OpenText Corporation ', 'Capgemini ', 'Microsoft ', 'Tricentis ', 'Cigniti Technologies ', 'Keysight Technologies ', 'Apexon ', 'Cygnet Digital ', 'QualityKiosk Technologies Pvt. Ltd. ', 'Invensis Technologies Pvt. Ltd. ', 'QASource Inc. ', 'Infosys Limited ', 'Tata Consultancy Services (TCS) ', 'Cognizant Technology Solutions ', 'Wipro Limited ', 'HCL Technologies ', 'Tech Mahindra ', 'Parasoft Corporation'
With the rapid advancement of technology, software applications have become more complex and sophisticated. Automation testing provides a systematic and efficient approach to ensure the quality and reliability of complex software systems. The need for comprehensive testing across various platforms, devices, and configurations drives the demand for automation testing solutions.
With advancements in artificial intelligence (AI) and machine learning (ML), automation testing is becoming more intelligent and adaptive. AI-powered testing tools can analyse application behaviour, learn from test results, and automatically generate test scripts. Intelligent test automation improves test coverage, identifies potential defects, and enhances overall testing efficiency.
The biggest portion of revenue came from North America. The region's market is being driven by the vast dispersion of technology vendors. In the US, demand is being driven by the rising popularity of smart consumer gadgets including smart TVs, home appliances, and laptops. Web applications, operating systems (OS), and software are all closely related with smart consumer electronics. The need for test automation services in the area will rise as use of these smart consumer devices spreads.
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Report ID: SQMIG45B2104
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