According to a recent study done by FMI, the automation testing market is expected to reach US$ 93.6 Billion by 2032, up from US$ 24.7 Billion in 2022, expanding at a high CAGR of 14.3%. Growth in the demand for automation of the testing process and solutions for seamless customer experience and rising usage of AI-enabled cutting-edge technologies for software testing environments are expected to propel the market growth during the forecast period.
The major factor that is expected to propel the growth of the automation testing market during the forecast period includes the rapid adoption for advanced technologies. Other major factors such as the growth in the demand for automation of the testing process and solutions for seamless customer experience and rising usage of AI-enabled cutting-edge technologies for software testing environments are expected to propel the market growth over the analysis period.
In addition, the integration of machine learning and artificial intelligence in the cloud-based automation testing tools is easing the tool usage significantly which is also set to assist the market growth.
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Key Takeaways from the Market Study
- Global automation testing market to be valued at US$ 24.7 Billion by 2022-end
- The US to account for the highest value share of US$ 32.5 Billion of global market demand for automation testing market in 2032
- From 2015 to 2021, automation testing demand expanded at a CAGR of 23.8%
- By Component, the testing type category constitutes the bulk of automation testing market with a CAGR of 13.9%.
“Rise in the adoption of artificial intelligence and machine learning in automation testing is an essential factor that is expected to accelerate the market growth,” remarks an FMI analyst.
Competitive Landscape
Players in the global automation testing market focus on expanding their global reach through various strategies, such as; partnerships, collaborations, and partnerships. The players are also making a significant investment in R&D to add innovations to their products which would help them in strengthening their position in the global market. Some of the recent developments among the key players are:
- In July 2021, Sauce Labs acquired Backtrace, which is well known for offering error monitoring solutions.
- In May 2021, SmartBear started a strategic partnership with QBS Software. The main aim of this partnership is to increase the efficient delivery of enterprise software solutions to more than 240,000 organizations throughout the EMEA region
- In March 2021, Tricentis acquired Neotys, which is a performance testing company. This NeoLoad will be added to the Tricentis portfolio, giving customers an enterprise-grade performance testing solution.
- In October 2021, Tricentis launched Tricentis Tosca, powered by Vision AI, an advanced AI-based test design and automation technology that allows organizations to address the needs of the increasing popularity of cloud-native and enterprise application platforms.
By Key Players
- IBM Corporation
- Micro Focus International plc.
- Capgemini SE
- Tricentis USA Corp
- SmartBear Software Inc.
- Parasoft Corporation
- Cigniti Technologies Limited
- Keysight Technologies Inc
- Invensis Technologies Pvt Ltd
- Sauce Labs Inc.
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Know More About What the Automation Testing Market Report Covers
Future Market Insights offers an unbiased analysis of the global Automation Testing Market, providing historical data for 2015-2021 and forecast statistics from 2022 to 2032. To understand opportunities in the Automation Testing Market, the market is segmented on the basis of component, endpoint interface, organization size, and vertical across five major regions.
Key Segments Covered in the Automation Testing Industry Report
Automation Testing by Component:
- Automation Testing Type
- Static Automation Testing
- Dynamic Automation Testing
- Automation Testing Services
- Automation Advisory and Consulting Services
- Automation Planning and Development
- Automation Support and Maintenance
- Automation Documentation and Training
- Automation Implementation
- Managed Automation Services
- Other Automation Services
Automation Testing by Endpoint Interface:
- Mobile Automation Testing
- Web Automation Testing
- Desktop Automation Testing
- Embedded Software Automation Testing
Automation Testing by Organization Size:
- Automation Testing for Small and Medium-Sized Enterprises
- Automation Testing for Large Enterprises
Automation Testing by Vertical:
- Automation Testing for Banking, Financial Services, and Insurance
- Automation Testing for Automotive
- Automation Testing for Defense and Aerospace
- Automation Testing for Healthcare and Lifesciences
- Automation Testing for Retail
- Automation Testing for Telecom and IT
- Automation Testing for Manufacturing
- Automation Testing for Logistics and Transportation
- Automation Testing for Energy and Utilities
- Automation Testing for Media and Entertainment
- Automation Testing for Other Verticals
Automation Testing by Region:
- North America Automation Testing Market
- Latin America Automation Testing Market
- Europe Automation Testing Market
- Asia Pacific Automation Testing Market
- Middle East and Africa Automation Testing Market
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