Automation Testing Market Grows at a CAGR of 19.2% | Key player Accenture, Capgemini, Microsoft, Tricentis, Smartbear
“Accenture (Ireland), AFour Technologies (US), Applitools (US), Astegic (US), Broadcom (US), Capgemini (France), Cigniti Technologies (India), Codoid (India) , Cygnet Infotech (India), froglogic (Germany), IBM (US), Infostrecth (US), Invensis (India), Keysight Technologies (US), Micro Focus (UK), Microsoft (US USA), Mobisoft Infotech (USA), Parasoft (USA), ProdPerfect (USA), QA Mentor (USA), QA Source (USA) »
Automation Testing Market by Component (Test Types (Static Testing and Dynamic Testing) and Services), Endpoint Interface (Mobile, Web, Desktop, and Embedded Software), Organization Size, Vertical, and Region – Global Forecast to 2026
MarketsandMarkets forecasts the global automation testing market size to grow from USD 20.7 billion in 2021 to reach USD 49.9 billion by 2026, at a compound annual growth rate (CAGR) of 19.2% during the forecast period. The automation test market increasingly needs insightful approaches to increase the use of scalable and adaptable delivery models.
Implementation Services Segment is Expected to Grow at the Highest CAGR Over the Forecast Period
Implementation services make it easy to integrate automation into existing software testing infrastructure. Interoperability issues are a major concern in deploying platforms with automation test solutions. Therefore, integrating the solutions with various hardware components and testing the operation of the entire system is of utmost importance for the successful execution of automation test solutions. These services bring together multiple communication standards, various services, and device and data management tools to create automation test solutions for organizations. Additionally, these services begin by collecting customer requirements, then deploy, integrate, test, and deploy the solutions. These services allow organizations to integrate their operational and business environment to ultimately provide a seamless testing experience.
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The Mobile Endpoint Interface segment is expected to grow at a higher CAGR during the forecast period
Mobile automation testing is an important segment in this rapidly changing world. When the development team gets familiar, they can work quickly and there is no possibility of existing features changing. Even with the best manual testing processes and the best test engineers, it is considered that no company can set up and afford the mobile application testing framework. Repeating the tests manually is costly and time consuming, whereas in the case of test automation, time and money are saved as the tests performed are spontaneous according to the framework
The major vendors covered in the Automation Testing market are Accenture (Ireland), AFour Technologies (US), Applitools (US), Astegic (US), Broadcom (US), Capgemini (France ), Cigniti Technologies (India), Codoid (India). ), Cygnet Infotech (India), froglogic (Germany), IBM (US), Infostrecth (US), Invensis (India), Keysight Technologies (US), Micro Focus (UK), Microsoft ( USA), Mobisoft Infotech (USA), Parasoft (USA), ProdPerfect (USA), QA Mentor (USA), QA Source (USA), QualityKiosk Technologies (India), Ranorex (Austria), Sauce Labs (US), Smartbear Software (US), Testim.io (US), Thinksys (US), Tricentis (US), Worksoft (US). These players have adopted various growth strategies, such as partnerships, business expansions, mergers and acquisitions, agreements and collaborations, new product launches to expand their presence in the digital banking platform market. Partnerships and new product launches were the most adopted strategies by major players from 2018 to 2021, helping them innovate their offerings and expand their customer base.
IBM is a leading provider of cloud platforms and cognitive solutions to customers in 170 countries around the world. As of December 2020, IBM and all of its subsidiaries had 345,900 employees. It offers services in five business segments: Cognitive Solutions, Technology Services, Cloud Platforms, Global Business Services (GBS), Systems and Global Finance. IBM offers products and solutions in various areas such as industries, artificial intelligence, automation, blockchain, business operations, cloud computing, data and analytics, IT infrastructure, security and the supply chain. IBM caters to various verticals, including automotive, telecommunications, financial services, healthcare, aerospace and defense, insurance, life sciences and retail. It nurtures an ecosystem of global business partners operating in over 170 countries. IBM Research is one of the largest industrial research organizations in the world, with 12 laboratories on 6 continents spanning the Americas, Europe, MEA and APAC.
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Accenture is a global professional services company that provides capabilities in areas such as digital, cloud and security. Accenture combines experience and specialized skills in more than 40 industries. They offer strategy and advisory, interactive, technological and operational services, powered by the world’s largest network of advanced technologies and intelligent operations centers. The company has 624,000 employees who deliver on the promise of technology and human ingenuity, serving customers in more than 200 countries.
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