July 24, 2024
Software Testing and QA Services Market

The adoption of artificial Intelligence and automation is anticipated to open up the new avenue for Software Testing and QA Services Market

The Software Testing and QA Services Market is estimated to be valued at US$ 38.42 Bn 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 QA services involve testing of applications and software functionality to identify gaps, errors, vulnerabilities, and ensuring quality control. It involves testing of applications and solutions across various platforms such as web, mobile, desktop, and backend to ensure smooth performance, security and functionality. Large companies implement various software testing methods such as unit testing, integration testing, system testing, user acceptance testing etc. to test the quality and functionality of their software developed.

Market Dynamics:

The increasing adoption of digitization across industries is a major driver for the growth of the software testing and QA services market. Almost every sector is getting transformed digitally to enhance customer experience, streamline operations and gain competitive advantage. This has increased the development of various digital solutions such as mobile and web applications, cloud solutions, IoT platforms etc. which require rigorous quality control testing. Another key driver is the growing need for process automation. Many organizations are automating their core business processes using tools like RPA, workflow automation, API testing etc. This has accelerated the demand for testing services to ensure smooth process automation. Additionally, compliance with various quality standards and regulations has made quality control an important aspect of software development creating ongoing demand for software testing services.

Segment Analysis

The global software testing and QA services market comprises web-based, mobile, application testing and others. Web-based testing is the dominating segment owing to increasing number of businesses adopting website/web applications. With rapidly growing e-commerce industry, companies focus more on providing enhanced web-based service offerings which drives demand for web-based testing services.

PEST Analysis

Political: Growing regulations around data privacy and protection are prompting companies to ensure highest quality of software and services which boosts demand for testing and QA services.

Economic: Stable economic growth is encouraging businesses across industries to heavily invest in digital transformation initiatives which involves development of various software and applications requiring extensive testing.

Social: Rising internet and smartphone penetration has increased dependency on web and mobile applications. This has pushed organisations to offer error-free software for enhancing consumer experience and satisfaction.

Technological: Emerging technologies like AI, automation, IoT, etc. are complicating testing processes, necessitating advanced testing techniques and expertise. This creates opportunities for QA service providers to expand their AI/automation testing capabilities.

Key Takeaways

The Global Software Testing and QA Services Market Size is expected to witness high growth, exhibiting 13% CAGR over the forecast period, due to increasing adoption of digital transformation strategies by enterprises.

Regional analysis: North America dominates the global market owing to significant presence of QA service providers and major tech companies in the US and Canada that heavily rely on testing services. Asia Pacific exhibits fastest growth led by rapidly developing digital infrastructure and growing tech-based startups in India, China, Indonesia and other APAC countries.

Key players operating in the global software testing and QA services market include 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. TCS has established itself as the leader by virtue of extensive portfolio of QA and testing solutions catering to various industry verticals.

*Note:
1. Source: Coherent Market Insights, Public sources, Desk research
2. We have leveraged AI tools to mine information and compile it