What is the global market size of Pure Play Software Testing Services Market?

Pure Play Software Testing Services Market size was valued at USD 1.5 billion in 2021 and is poised to grow from USD 1.71 billion in 2022 to USD 5.46 billion by 2030, growing at a CAGR of 13.8% in the forecast period (2023-2030).

Global Pure Play Software Testing Services Market

Pure Play Software Testing Services Market Size, Share, Growth Analysis, By Deployment Type(Cloud based, On premise), By Enterprise Size(Small & Medium Enterprises, Large Enterprises), By Industry(Banking, Financial Services & Insurance (BFSI), Information Technology, Telecommunication), By Region - Industry Forecast 2024-2031

Report ID: SQSG45B2020 | Region: Global | Published Date: April, 2024
Pages: 165 | Tables: 91 | Figures: 76

Pure Play Software Testing Services Market Regional Insights

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.

Pure Play Software Testing Services Market Report Snapshots

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Pure Play Software Testing Services Market size was valued at USD 1.5 billion in 2019 and is poised to grow from USD 1.71 billion in 2023 to USD 5.46 billion by 2031, growing at a CAGR of 13.8% in the forecast period (2024-2031).

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. 'Accenture plc', 'Capgemini SE', 'Wipro Limited', 'Infosys Limited', 'Cognizant Technology Solutions Corporation', 'Tata Consultancy Services Limited', 'HCL Technologies Limited', 'IBM Corporation', 'Tech Mahindra Limited', 'DXC Technology Co. ', 'UST Inc.', 'EPAM Systems, Inc.', 'Synechron Inc.', 'SQS Software Quality Systems AG (a subsidiary of Expleo Group)', 'Qualitest Group', '2i Testing', 'Testronic Laboratories', 'ScienceSoft USA Corporation', 'Mindtree Limited', 'NTT DATA Corporation'

Increasing developments in the software testing labs: To create high-quality products, businesses are concentrating on product development and R and D. Up to 50% of the expenditures of developing a product are spent on software testing, which is done throughout the process. Additionally, enterprises can work with the scarce resources they have available or save money by outsourcing testing components to software testing contractors. Service-level agreements between testing service providers and the organization that establishes acceptable quality standards bind a testing procedure. These elements will fuel market expansion during the anticipated period.

One of the main pure play software testing services industry trends that is anticipated to have a favorable impact on the sector in the coming years is the need for cost reduction and quicker time to market. The only testing method that provided real-time feedback on product development, perceptions of product quality, and the capacity to find faults or defects throughout the testing lifecycle was crowdsourced testing, which quickly gained popularity. It offers a wide range of possibilities for testing various apps and enables greater freedom in terms of time, work location, and income. Due to the widespread use of mobile devices to access the Internet and the rising levels of public awareness raised by technical web blogs and websites, crowdsourced testing is widely used today.

Based on the region, the North American region currently dominates the 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 market for pure play software testing.

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Pure Play Software Testing Services Market Regional Insights

Pure Play Software Testing Services Market Report Snapshots

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