USD 1.60 billion
Report ID:
SQMIG20Q2008 |
Region:
Global |
Published Date: April, 2024
Pages:
202
|Tables:
59
|Figures:
75
Global Crowdsourced Testing Market size was valued at USD 1.60 billion in 2022 and is poised to grow from USD 1.75 billion in 2023 to USD 3.59 billion by 2031, growing at a CAGR of 9.40% during the forecast period (2024-2031).
The global crowdsourced testing market is experiencing significant growth and evolving as organizations seek efficient and cost-effective solutions to ensure the quality and reliability of their software applications. The crowdsourced testing market is witnessing robust growth due to factors such as the increasing demand for high-quality software, the rise of agile and devops methodologies, and the need for faster time-to-market.
The market size is expanding, with more organizations recognizing the benefits of crowdsourced testing and adopting it as a preferred testing approach. The market is witnessing significant growth in emerging regions, such as Asia-Pacific and Latin America, driven by the expanding IT and software development sectors, increased outsourcing activities, and a growing pool of skilled testers.
US Crowdsourced Testing Market is poised to grow at a sustainable CAGR for the next forecast year.
These regions offer cost advantages and access to diverse testing perspectives, making them attractive destinations for crowdsourced testing services. Overall, the global crowdsourced testing market is witnessing strong growth, driven by the need for agile and scalable testing solutions, advancements in technology, and the increasing emphasis on quality assurance in software development. The market is expected to continue its upward trajectory as organizations prioritize efficient testing practices and the delivery of high-quality software products.
Global Market Size
USD 1.60 billion
Largest Segment
security testing
Fastest Growth
security testing
Growth Rate
9.40% CAGR
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The Global crowdsourced testing market is segmented by type, platform, and region. Based on type, the market can be segmented into functional testing and security testing. Based on platform, the market is segmented into Web-based crowdsourced testing platforms and cloud-based crowdsourced testing platforms. Based on region, the market is segmented into North America, Europe, Asia Pacific, Middle East and Africa, and Latin America.
Crowdsourced Testing Market Analysis by Type
By type, the market can be segmented into functional testing and security testing. Functional testing is one of the dominant sub-segments in the crowdsourced testing market. It involves evaluating the functionality and performance of software applications, ensuring that they meet the intended requirements and perform as expected. Functional testing covers various aspects, such as validating input/output, verifying data processing, and testing different features and functionalities of the application. It is crucial for ensuring the overall quality and reliability of software products.
Security testing is witnessing significant growth in the crowdsourced testing market. With the increasing frequency and sophistication of cyber threats, organizations are placing greater emphasis on identifying vulnerabilities and strengthening the security of their software applications. Crowdsourced security testing involves leveraging a global community of ethical hackers and security professionals to detect and report vulnerabilities, conduct penetration testing, and provide recommendations for improving application security. The growth in the sub-segment can be attributed to the rising concerns around data breaches, privacy, and the need for robust security measures in the digital landscape. Organizations are increasingly relying on Crowdsourced Security Testing to bolster their security defences and protect their applications from potential threats.
Crowdsourced Testing Market Analysis by Platform
By platform, the market can be segmented into web-based crowdsourced testing platforms and cloud-based crowdsourced testing platforms. Web-based crowdsourced testing platforms are the dominant sub-segment in the crowdsourced testing market. These platforms offer web-based interfaces that allow organizations to interact with a community of testers, create test scenarios, define test requirements, and communicate with testers throughout the testing process. Web-based platforms provide convenient access to Crowdsourced Testing services and enable efficient project management, making them a popular choice among organizations.
Cloud-based crowdsourced testing platforms are experiencing rapid growth in the market. These platforms leverage cloud infrastructure to provide scalable and flexible crowdsourced testing solutions. Testers can access testing projects and execute test cases remotely, while organizations can benefit from the scalability and on-demand resources offered by the cloud. Cloud-based platforms eliminate the need for significant infrastructure investments, allowing organizations to quickly set up testing environments, engage with a large pool of testers, and manage testing projects efficiently. The fast-paced growth of cloud-based Crowdsourced Testing platforms is driven by the increasing demand for agility, scalability, and cost-effectiveness in testing processes.
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One dominant region in the global crowdsourced testing market is North America. The region is home to several key players in the market and has a mature and well-established crowdsourced testing ecosystem. The dominance of North America can be attributed to factors such as technological advancements, a strong presence of software development companies, and a higher adoption rate of innovative testing approaches. The region has a large pool of skilled testers and a robust infrastructure to support Crowdsourced Testing initiatives. Additionally, North America is a hub for technology innovation and digital transformation, which drives the demand for reliable and efficient software testing solutions.
On the other hand, one of the fastest-growing regions in the global crowdsourced testing market is Asia-Pacific. The region is experiencing significant growth due to the increasing adoption of digital technologies, the rise of software development companies, and the growing demand for high-quality software products. Countries such as India, China, and Southeast Asian nations are witnessing a surge in outsourcing activities, making them attractive destinations for crowdsourced testing services. The expanding IT and software sectors in the Asia-Pacific region, coupled with a large pool of skilled testers, lower labour costs, and the availability of advanced testing platforms, are contributing to the rapid growth of crowdsourced testing in this region.
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Crowdsourced Testing Market Drivers
Cost-Effectiveness
Crowdsourced Testing Market Restraints
Quality Control And Consistency
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The global crowdsourced testing market is highly competitive, with several key players vying for market share. The competitive landscape is characterized by a mix of established companies and emerging startups offering crowdsourced testing services. The competition in the market is driving companies to differentiate themselves by offering specialized testing services, enhancing testing platforms, and expanding their global tester communities.
Crowdsourced Testing Market Top Player’s Company Profiles
Crowdsourced Testing Market 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 robust Secondary Desk research.
The global Crowdsourced Testing market is a dynamic and rapidly growing sector within the software testing industry. Crowdsourced Testing involves harnessing the power of a global pool of testers to perform various testing activities, including functional testing, usability testing, security testing, and more. The market is driven by several factors, including cost-effectiveness, scalability, access to diverse testing perspectives, faster time-to-market, and real-world testing environments. Organizations can leverage crowdsourced testing to optimize their testing budgets, quickly scale testing efforts, gain valuable insights from diverse testers, and expedite the software development lifecycle. However, the market also faces challenges, such as ensuring quality control and consistency, addressing security and confidentiality concerns, managing communication and coordination complexities, and maintaining control over testing resources. Overall, the global crowdsourced testing market is poised for continued growth, driven by the increasing demand for comprehensive testing solutions, the adoption of Agile and DevOps methodologies, the emphasis on security testing, and the advancements in AI and automation technologies.
Report Metric | Details |
---|---|
Market size value in 2022 | USD 1.60 billion |
Market size value in 2031 | USD 3.59 billion |
Growth Rate | 9.40% |
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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Customization scope | Free report customization with purchase. Customization includes:-
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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 Crowdsourced 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 Crowdsourced 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 Crowdsourced Testing Market:
Product Analysis: Product matrix, which offers a detailed comparison of the product portfolio of companies.
Regional Analysis: Further analysis of the Crowdsourced 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.
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Report ID: SQMIG20Q2008
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