USD 1.50 billion
Report ID: SQSG45B2020 | Region: Global | Published Date: November, 2022 | Pages: 165
Global Pure Play Software Testing Services Market was valued to be USD 1.50 billion in 2021, and it is expected to reach USD 8.01 billion by 2028 at a CAGR of 15% over the forecast period (2022-2028).
The market for pure play software testing services is expected to grow in coming years as it provides solutions for businesses to test the quality and performance of their apps. It is known to provide a wide variety of features such as regression, compatibility, security testing, usability, and performance by combining automated and manual software methods. Its ability to save cost, reduce development time.
Players in the market are offering novel solutions and technologies to corporate clients to mitigate operation costs. Companies are providing managed testing services, project-based testing, risk-based testing, managed crowd testing, and other international services along with pure play software testing services. Service providers provide testing services for a variety of technologies, including ERP, CRM, SAP, IoT, API, cloud computing, and HRIS. Due to their extensive software testing experience, highly skilled and professional testing teams, and accessibility to cutting-edge testing tools, service providers are preferred by the majority of software development organizations. The service providers give greater adaptability and transparency when testing services while maintaining service continuity. Major sectors are seeing an increase in the need for pure play software testing services as a result of businesses using outsourced software QA and testing providers to speed up and execute the product's go-to-market process.
Global Market Size
USD 1.50 billion
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The Global Pure Play Software Testing Services Market is segmented based on deployment type, enterprise size, industry, and region. Based on Deployment Type, it is categorized into Cloud based and On premise. Based on Enterprise size, it is categorized into Small & Medium Enterprises and Large Enterprises. Based on Industry, it is categorized into Banking, Financial Services & Insurance (BFSI), Information Technology, Telecommunication, Retail & Ecommerce, and Others. Based on region, it is categorized into North America, Europe, Asia Pacific, The Middle East and Africa, and Latin America.
Analysis by Enterprise Size
On the basis of enterprise size, the large enterprise segment is expected to lead the global pure play software testing services market over the forecast period. This is due to the numerous advantages that these services provide, including their affordability, adaptability, scalability, and quicker time to market. To cut their testing expenses, large corporations are also implementing cloud-based testing services.
On the other hand, small and medium-sized businesses, or SMEs, are essential to every economy. SMEs are increasingly hiring pure-play software testing service providers to handle their testing needs. This is so that SMEs can enhance their software testing procedures with the help of these suppliers' affordable, specialized solutions. Additionally, SMEs can benefit from using pure-play software testing services to save time and money that would otherwise be used to train their internal workforce. This is due to the fact that these providers have the knowledge and experience essential to spot flaws in software products and provide fixes.
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Based on the region, the North American region currently dominates the global pure play software testing services market. Due to a rise in the adoption of pure play software services by top IT businesses and other important industries, as well as the existence of significant independent software testing companies, North America owns a significant portion of the global market for pure play software testing.
The Asia Pacific pure play software testing market is anticipated to grow quickly during the forecast period as a result of major players expanding their investments to offer services throughout the area as well as the region's various sectors growing their use of outsourced services.
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The market for pure play software testing is moderately fragmented. Key market players are concentrating their efforts on the chances for expansion in fast-growing categories while retaining their positions in slow-growing areas. Businesses are adopting digitization of business operations and continuing the development of software products. Leading businesses and new startups are using outsourced services during the lockout to reduce operating costs for product development.
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According to the analysis, the global pure play software testing services market is currently led by countries in the North America region, due to a rise in the adoption of pure play software services by top IT businesses and other important industries in this region. Along with this, the large enterprise segment is projected to lead the market due to the numerous advantages that these services provide, including their affordability, adaptability, and scalability, over the forecast period.
|Market size value in 2021||USD 1.50 billion|
|Market size value in 2028||USD 8.01 billion|
|Forecast Unit (Value)||USD Billion|
|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)|
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Parent Market Analysis
KEY MARKET INSIGHTS
MARKET DYNAMICS & OUTLOOK
Market Size by Region
KEY COMPANY PROFILES
For the Global Pure Play Software Testing Services 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 Global Pure Play Software Testing Services 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.
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