The global automation testing market is expected to register a CAGR of 14.3% by garnering a market value of US$ 93.6 Billion by the end of 2032.
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.
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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.
Key Takeaways from the Automation Testing Market Report:
- 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%.
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.
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.
Leading 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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Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 5000 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.
Automation Testing Industry Segmentation:
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
By Endpoint Interface:
- Mobile Automation Testing
- Web Automation Testing
- Desktop Automation Testing
- Embedded Software Automation Testing
By Organization Size:
- Automation Testing for Small and Medium-Sized Enterprises
- Automation Testing for Large Enterprises
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
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
About Future Market Insights (FMI):
Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 5000 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.
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