DUBLIN, December 30, 2021– (COMMERCIAL THREAD)–The Automation Testing Market by Component (Test Types (Static Testing & Dynamic Testing) & Services), Endpoint Interface (Mobile, Web, Desktop & Embedded Software), Organization Size, Vertical & Region – global forecasts until 2026 “ the report was added to ResearchAndMarkets.com offer.
The global automation testing market is expected to grow from $ 20.7 billion in 2021 to $ 49.9 billion by 2026, at a CAGR of 19.2% during the forecast period.
By component, the services to register larger market share during the forecast period
In the automation testing market by component, the service segment is expected to register a larger market share during the forecast period. The services are offered in seven types: consulting and consulting, planning and development, support and maintenance, documentation and training, implementation, management and other services. Other services include ROI analysis, framework, service virtualization, and assessment services.
These services improve the SDLC of enterprises. Consulting and advisory services help improve tools and automated test infrastructure throughout the product delivery lifecycle. Automation testing services are widely offered to developers, end users, and organizations. Managed services help companies outsource the responsibility of maintaining and anticipating the need for processes and functions to improve operations and reduce expenses.
By Dynamic Testing, Functional Testing Segment Will Grow At Highest CAGR During Forecast Period
In the automation testing market by Dynamic Testing, the functional testing segment is expected to grow at a higher CAGR during the forecast period. Functional tests are run to verify that all software functionality meets functional specifications, and they are performed by running functional test cases. Functional tests provide input data, verify results, and compare actual and expected results. The main goal of functional testing is to make sure that a system is performing as expected by validating the results. Functional testing is a type of black box test.
There are mainly two techniques used to perform functionality testing, namely, requirements-based and business scenario-based. In requirements-based testing, all functional requirements are considered as a basis for conducting the tests. While in testing based on business scenarios, information about how the system will be viewed from a business process perspective is taken into account when performing the tests.
By Verticals, BFSI Segment Will Hold Largest Market Size During Forecast Period
By Verticals, BFSI is expected to have the largest market size. BFSI is the banking, financial services and insurance industry. It represents an important part of the global economy comprising all banking, insurance and non-banking financial institutions. The latter is known as NBFC. The BFSI industry broadly refers to financial service companies such as brokerage and asset management. Digital transformation efforts in the vertical are particularly focused on improvising the customer experience, which can be further supported by automating QA and testing.
Several organizations are experimenting with analytics, AI, and ML to optimize the automation of quality assurance and testing activities. The need to automate redundant tasks and give control to end customers is expected to drive the market over the next few years. The emphasis is on rapid automation, automatic decision making, data security, instant scalability. Recent trends in robotic process automation (RPA), AI, and ML, as well as their use in software testing, are driving the demand for automation testing.
By region, Asia-Pacific is expected to grow at the highest CAGR during the forecast period
Asia-Pacific is expected to grow at the highest CAGR in the global automation testing market during the forecast period. APAC is the most promising region as it has major economies, such as Australia, Japan, Singapore, China, New Zealand and Hong Kong, which offer significant growth opportunities for test providers. automation. This region includes large economies like India and China which has a very large clientele.
Governments are taking initiatives for the rapid adoption of new technologies such as AI and ML, automation, IoT, mobile and web applications, cloud-based services and other technologies. Due to the adoption of the remote work culture by organizations, there is an ever increasing need for cloud-based solutions and IoT devices to minimize the effect of the ongoing COVID-19 pandemic, which is expected to drive the growth of the automation testing market. In the region. Growing government initiatives, increasing demands for fast compute, virtualized environments, analytics, security, scanning and high-volume networking, as well as the overall speed and responsiveness of the Internet are the Major factors driving the growth of automation testing market in this region.
For more information on this report, visit https://www.researchandmarkets.com/r/hidx3t
See the source version on businesswire.com: https://www.businesswire.com/news/home/20211230005207/en/
Laura Wood, Senior Press Director
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