USD 1.5 billion
Global 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)) - Industry Forecast 2024-2031
Report ID:
SQSG45B2020 |
Region:
Global |
Published Date: April, 2024
Pages:
165
|
Tables:
91 |
Figures:
76
Global Pure Play Software Testing Services Market Insights
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 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.
US Pure Play Software Testing Services Market is poised to grow at a sustainable CAGR for the next forecast year.
Market snapshot - 2024-2031
Global Market Size
Largest Segment
Large Enterprises
Fastest Growth
Large Enterprises
Growth Rate
13.8% CAGR
Global Pure Play Software Testing Services Market 2022-2028 ($ Bn)
Country Share for North America Region- 2021 (%)
Global Pure Play Software Testing Services Market Size By Enterprise Size 2022-2028 ($ Bn)
Global Pure Play Software Testing Services Market Size By Enterprise Size 2022-2028 (%)
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Global Pure Play Software Testing Services Market Segmental Analysis
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.
Pure Play Software Testing Services Market 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.
Global Pure Play Software Testing Services Market By Enterprise Size, 2021 (%), 2023 (%)
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Global 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.
Global Pure Play Software Testing Services Market By Geography, 2022-2028, 2024-2031
- Largest
- Fastest
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Global Pure Play Software Testing Services Market Dynamics
Pure Play Software Testing Services Market Drivers
- 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.
Pure Play Software Testing Services Market Restraints
- Data Privacy Mishaps and Hacking to Hinder Market Growth: The growing worry about data privacy and security of information is one of the main factors limiting the expansion of the worldwide pure play software testing services sector. The growing amount of standards, IT security rules, and policies is making the testing procedure more difficult. Hacker threats and security lapses in cloud-based services are becoming more frequent. Vendors should confirm that the SaaS, IaaS, and PaaS cloud infrastructure testing was done in accordance with the most recent IT security standards. Effective testing of the various cloud computing service models is necessary to avoid the transmission of information with unapproved systems or individuals. Thus, during the projection period, the focus market's expansion would be constrained by the growing cybersecurity concerns.
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Global Pure Play Software Testing Services Market Competitive Landscape
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.
Pure Play Software Testing Services Market Top Players Company Profiles
- 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 Global 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
Pure Play Software Testing Services Market Recent Developments
- In October 2022, D-Wave launched its first AWS Marketplace, a novel digital catalog that includes listings of software from numerous independent vendors of software to simplify finding, testing, buying, and deploying software for AWS.
Global Pure Play Software Testing Services Key Market Trends
Efficient and Hassle-Free Solutions to Drive Pure Play Software Testing Services Market Growth
- 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.
Global Pure Play Software Testing Services Market SkyQuest Analysis
SkyQuest’s ABIRAW (Advanced Business Intelligence, Research & Analysis Wing) is our Business Information Services team that Collects, Collates, Co-relates and Analyzes the Data collected by means of Primary Exploratory Research backed by the robust Secondary Desk research.
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.
| Report Metric | Details |
|---|---|
| Market size value in 2023 | USD 1.5 billion |
| Market size value in 2031 | USD 5.46 billion |
| Growth Rate | 13.8% |
| Forecast period | 2024-2031 |
| Forecast Unit (Value) | USD Billion |
| Segments covered |
|
| 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 |
|
| Customization scope | Free report customization with purchase. Customization includes:-
|
| Historical Year | 2019 |
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Table Of Content
Executive Summary
Market overview
- Exhibit: Executive Summary – Chart on Market Overview
- Exhibit: Executive Summary – Data Table on Market Overview
- Exhibit: Executive Summary – Chart on Global Pure Play Software Testing Services Market Characteristics
- Exhibit: Executive Summary – Chart on Market by Geography
- Exhibit: Executive Summary – Chart on Market Segmentation
- Exhibit: Executive Summary – Chart on Incremental Growth
- Exhibit: Executive Summary – Data Table on Incremental Growth
- Exhibit: Executive Summary – Chart on Vendor Market Positioning
Parent Market Analysis
Market overview
Market size
- Market Dynamics
- Exhibit: Impact analysis of DROC, 2021
- Drivers
- Opportunities
- Restraints
- Challenges
- Exhibit: Impact analysis of DROC, 2021
- SWOT Analysis
KEY MARKET INSIGHTS
- Technology Analysis
- (Exhibit: Data Table: Name of technology and details)
- Pricing Analysis
- (Exhibit: Data Table: Name of technology and pricing details)
- Supply Chain Analysis
- (Exhibit: Detailed Supply Chain Presentation)
- Value Chain Analysis
- (Exhibit: Detailed Value Chain Presentation)
- Ecosystem Of the Market
- Exhibit: Parent Market Ecosystem Market Analysis
- Exhibit: Market Characteristics of Parent Market
- IP Analysis
- (Exhibit: Data Table: Name of product/technology, patents filed, inventor/company name, acquiring firm)
- Trade Analysis
- (Exhibit: Data Table: Import and Export data details)
- Startup Analysis
- (Exhibit: Data Table: Emerging startups details)
- Raw Material Analysis
- (Exhibit: Data Table: Mapping of key raw materials)
- Innovation Matrix
- (Exhibit: Positioning Matrix: Mapping of new and existing technologies)
- Pipeline product Analysis
- (Exhibit: Data Table: Name of companies and pipeline products, regional mapping)
- Macroeconomic Indicators
COVID IMPACT
- Introduction
- Impact On Economy—scenario Assessment
- Exhibit: Data on GDP - Year-over-year growth 2016-2022 (%)
- Revised Market Size
- Exhibit: Data Table on Global Pure Play Software Testing Services Market size and forecast 2021-2027 ($ million)
- Impact Of COVID On Key Segments
- Exhibit: Data Table on Segment Market size and forecast 2021-2027 ($ million)
- COVID Strategies By Company
- Exhibit: Analysis on key strategies adopted by companies
MARKET DYNAMICS & OUTLOOK
- Market Dynamics
- Exhibit: Impact analysis of DROC, 2021
- Drivers
- Opportunities
- Restraints
- Challenges
- Exhibit: Impact analysis of DROC, 2021
- Regulatory Landscape
- Exhibit: Data Table on regulation from different region
- SWOT Analysis
- Porters Analysis
- Competitive rivalry
- Exhibit: Competitive rivalry Impact of key factors, 2021
- Threat of substitute products
- Exhibit: Threat of Substitute Products Impact of key factors, 2021
- Bargaining power of buyers
- Exhibit: buyers bargaining power Impact of key factors, 2021
- Threat of new entrants
- Exhibit: Threat of new entrants Impact of key factors, 2021
- Bargaining power of suppliers
- Exhibit: Threat of suppliers bargaining power Impact of key factors, 2021
- Competitive rivalry
- Skyquest special insights on future disruptions
- Political Impact
- Economic impact
- Social Impact
- Technical Impact
- Environmental Impact
- Legal Impact
Market Size by Region
- Chart on Market share by geography 2021-2027 (%)
- Data Table on Market share by geography 2021-2027(%)
- North America
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- USA
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Canada
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Europe
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- Germany
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Spain
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- France
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- UK
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of Europe
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Asia Pacific
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- China
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- India
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Japan
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- South Korea
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of Asia Pacific
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Latin America
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- Brazil
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of South America
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Middle East & Africa (MEA)
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- GCC Countries
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- South Africa
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of MEA
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
KEY COMPANY PROFILES
- Competitive Landscape
- Total number of companies covered
- Exhibit: companies covered in the report, 2021
- Top companies market positioning
- Exhibit: company positioning matrix, 2021
- Top companies market Share
- Exhibit: Pie chart analysis on company market share, 2021(%)
- Total number of companies covered
Methodology
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.
Analyst Support
Customization Options
With the given market data, our dedicated team of analysts can offer you the following customization options are available for the Global Pure Play Software Testing Services Market:
Product Analysis: Product matrix, which offers a detailed comparison of the product portfolio of companies.
Regional Analysis: Further analysis of the Global Pure Play Software Testing Services 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 Pure Play Software Testing Services Market Report Snapshots
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