Cloud Testing Market Sales will Increase at 12.8% CAGR between 2021 and 2028
The global cloud testing market size is expected to reach USD 21.67 Billion in 2028 and register a steady CAGR over the forecast period, according to latest analysis by Emergen Research. Global cloud testing market revenue growth is driven by key factors such as rising application of cloud computing technologies, steady digital transformation trend, and increasing need to test the security and scalability of cloud infrastructure. Cloud testing solutions are also known as cloud-based testing solutions. These are a form of software testing that monitors physical as well as virtual components that include storage, web application, network performance, security, scalability, and reliability.
Cloud testing can be divided into four main categories based on the user’s requirements such as testing the entire cloud, testing elements within a cloud, testing across clouds, and SaaS testing. Testing the entire cloud involves testing based on specific features of the cloud infrastructure. Retail and e-commerce segment accounted for largest revenue share in the global market in 2020. Rising need for frequent security monitoring, load, and performance testing of web based applications are some major factors driving revenue growth of this segment.
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Some Key Highlights From the Report
In March 2021, Tricentis acquired Neotys. This acquisition will help Tricentis to accelerate digital transformation of enterprises with the help of automated software testing.
Testing platforms and tools segment is expected to register a 13.6% CAGR throughout the forecast period. This can be attributed to rising need for functional testing and performance testing in IT and telecom sectors.
Asia Pacific is expected to register the fastest revenue CAGR throughout the forecast period. Development of retail, IT and telecom industry, rising investment in cloud network infrastructure, and growing adoption of cloud computing solutions are some key factors propelling revenue growth of the market in this region.
Target Audience of the Global Cloud Testing Market Report:
Key Market Players
Investors
Venture capitalists
Small- and medium-sized and large enterprises
Third-party knowledge providers
Value-Added Resellers (VARs)
Global market producers, distributors, traders, and suppliers
Research organizations, consulting companies, and various alliances interested in this sector
Government bodies, independent regulatory authorities, and policymakers
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Competitive Terrain:
The Global Cloud Testing Market is highly consolidated due to the presence of a large number of companies across this industry. The report discusses the current market standing of these companies, their past performances, demand and supply graph, production and consumption patterns, sales network, distribution channels, and growth opportunities in the market at length. The report scrutinizes the strategic approach of key market players towards expanding their product offerings and fortifying their market foothold.
Some major companies operating in the global market report include IBM, Oracle, CA Technologies, Micro Focus, SmartBear Software, SOASTA, Xamarin, Cygnet Infotech, Cavisson Systems, and Cigniti Technologies Limited.
Regional Analysis:
This section of the report offers valuable insights into the geographical segmentation of the Cloud Testing market, alongside estimating the current and future market valuations based on the demand-supply dynamics and pricing structure of the leading regional segments. Furthermore, the growth prospects of each segment and sub-segment have been meticulously described in the report.
The report classifies the global Cloud Testing market into various regions, including:
North America (U.S., Canada)
Latin America (Chile, Brazil, Argentina, Rest of Latin America)
Europe (U.K., Italy, Germany, France, Rest of EU)
Asia Pacific (India, Japan, China, South Korea, Australia, Rest of APAC)
Middle East & Africa (Saudi Arabia, the U.A.E., South Africa, Rest of MEA)
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Segmental Analysis
The global Cloud Testing market is broadly segmented on the basis of different product types, application range, end-use industries, key regions, and an intensely competitive landscape. This section of the report is solely targeted at readers looking to select the most appropriate and lucrative segments of the Cloud Testing sector in a strategic manner. The segmental analysis also helps companies interested in this sector make optimal business decisions and achieve their desired goals.
Emergen Research has segmented the global cloud testing market based on component, organization size, and end-use, and region:
Component Outlook (Revenue, USD Billion; 2018–2028)
- Testing Platforms and Tools
- Functional Testing Tools
- Performance or Load Testing Tools
- GUI Testing Tools
- API Testing Tools
- Service Virtualization Tools
- Cross Browser Testing Tools
- Services
- Professional Services
- Managed Services
Organization Size Outlook (Revenue, USD Billion; 2018–2028)
- Small and Medium Enterprises
- Large Enterprises
End-Use Outlook (Revenue, USD Billion; 2018–2028)
- Retail and E-Commerce
- Transportation
- IT and Telecom
- BFSI
- Media and Entertainment
- Others
Key Questions Addressed in the Report:
Who are the leading players in the Cloud Testing industry?
Which region is expected to dominate the market in the coming years?
What are the key applications of Cloud Testing?
Which segment is expected to garner traction during the coming years?
What are the key strategies adopted by leading players in the market?
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At Emergen Research, we believe in advancing with technology. We are growing market research and strategy consulting company with an exhaustive knowledge base of cutting-edge and potentially market-disrupting technologies that are predicted to become more prevalent in the coming decade.
