The global Software Testing and QA Services Market is estimated to be valued at
US$38.42 billion in 2023 and is expected to exhibit a CAGR of 13% over the forecast period 2023 to 2030, as highlighted
in a new report published by Coherent Market Insights.
Market Overview:
The software testing and quality assurance (QA) services market involves
processes and activities intended to validate and verify that a software
program or application is suitable for operational use. This includes assessing
the quality, functionality, reliability and many other attributes of a software
component. Software testing ensures that applications function as per defined
business requirements and are fit for purpose prior to release. The demand for
software testing and QA services is driven by the rising need for outsourcing
software development and testing projects to third-party software testing
companies. This enables organizations to reduce capital expenditure and focus
on their core business activities. Software testing and QA services help
companies launch reliable software within given timelines and budgets.
Market key trends:
One of the key trends in the Software
Testing And QA Services Market is the rising adoption of automation
testing. Automation testing utilizes specialized testing tools and technologies
to automate some or all software testing workflows and scripts. This helps
reduce dependency on manual testing and the time required for testing.
Automation testing delivers faster testing cycles, improved test coverage,
consistent results and reduced costs for software testing projects. With
increased code changes and shorter release cycles, automation testing allows
companies to meet evolving customer needs in a timely manner. This is expected
to drive increased demand for software testing automation services over the
forecast period.
Porter’s Analysis
Threat of new entrants: The threat of new entrants is low in the software
testing and QA services market as it requires significant investments and
expertise to enter this market.
Bargaining power of buyers: The bargaining power of buyers is high in this
market as there are many players providing similar services. Buyers can
negotiate on price and effort.
Bargaining power of suppliers: The bargaining power of suppliers is low as
there are many available tech talents and resources in the market to support
various testing requirements of clients.
Threat of new substitutes: The threat of new substitutes is moderate as
emerging technologies like AI, automation can disrupt some traditional testing
approaches but will also create new opportunities.
Competitive rivalry: The competitive rivalry is high among existing players to
acquire more clients and market share.
Key Takeaways
The global software testing and QA services market is expected to witness high
growth, exhibiting CAGR of 13% over
the forecast period 2023 to 2030, due to increasing demand for quality
software. The market was valued at US$
38.42 billion in 2023.
North America dominates the global market currently due to presence of major IT
companies and rapid technology adoption in the region. Asia Pacific is expected
to witness highest growth during the forecast period supported by growing IT
outsourcing to countries like India, increasing digitalization and presence of
testing companies in the region.
Key players operating in the software testing and QA services market are TCS,
Wipro, Cognizant, Infosys, IBM, Qualitest, CGI, Mindtree, Cygnet Infotech,
Maveric Systems, QA Mentor, A1QA, QA Source, QASource, Capgemini, Accenture,
HCL Technologies, Atos, DXC Technology, Tech Mahindra. Major players are
focusing on strategic partnerships to enhance their service offerings and
expand global presence.
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