Cloud Testing Market Highlights:
The cloud testing market 2020 is supposed to witness an expansion of consumer base. It is a kind of a software testing services for cloud computing. The rising demand for cloud computing is projected to push the demand for testing services over the next couple of years. These tests could be run for the evaluation of security, performance, etc. The availability of a wide range of tests catering to different needs is expected to drive the growth of the cloud testing industry. In a report presented by Market Research Future (MRFR), the cloud testing market is projected to register 13% CAGR over the forecast period 2017 to 2023. In addition, the estimated cloud testing market size is poised to reach USD 11.76 Bn by 2023 end in terms of revenue.
The organizations are moving towards cloud computing in order to achieve a considerable degree of scalability. This, in turn, is assumed to have a positive impact on the growth pattern of the Cloud Testing Market. In addition, rising security threats have led to a rapid increase in the security investments. This, in turn, is poised to augment the demand for security testing services in the coming years, thus, augmenting market. The need for checking the optimum efficiency level of the resources are likely to drive the growth of the cloud testing market by increasing demand for performance testing. A rise in the adoption of these services is likely to be witnessed in medium scale organizations. It is poised to unleash developmental opportunities for the cloud testing market players. Technological developments are also projected to have a positive impact on the growth rate of the cloud testing market in the nearby future. On the other side, the constant need for a new environment infrastructure can restrain market growth.
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IBM Corporation (U.S.), CA Technologies (U.S.), Oracle Corporation (U.S.), Smartbear Software (U.S.), Akamai Technologies (U.S.), Microfocus (U.K.), Capgemini (France), Cavisson System (U.S.), Microsoft Corporation (U.S.), Tricentis(Austria), Cognizant (U.S.), Cigniti (India), Damco Group (Testingxperts) (U.S.), A four technologies (India) , Xoriant Corporation(U.S.), Infostrech Technologies (U.S.), and Invensis (India) hold key cloud testing market share.
- On the basis of platform, the cloud testing market has been segmented into services and platform. The sub-segments of the services platform are professional services and managed services. The professional services sub-segment has been further narrowed down to implementation services, consulting services, and training services.
- On the other hand, the sub-segments of the platform segment are load testing, service virtualization, application programming interface testing, stress testing, performance testing, capacity testing, and others.
- Based on deployment, the segments of the cloud testing market are public, private, and hybrid.
- On the basis of end-user, segmentation of the cloud testing market covers BFSI, Telecom & IT, energy & utilities, transportation & logistics, healthcare, media & entertainment, manufacturing, retail, and travel & hospitality.
The geographical evaluation of the global cloud testing market spans across the flowing regional segments – North America, Europe, Asia-Pacific, and the Rest of the World (RoW). These regional segments are narrowed down for a country-level study of the global market. Increasing number of cloud-based organizations in North America are poised to support its stand at the pole position over the forecast period.
Increasing demand for cloud-based services across industries is supposed to lead the augmentation of the cloud testing market in the region. Also, the rising trend of Bring Your Own Device (BYOD) is supposed to increase the use of cloud computing in the region, It is thus supposed to augment the cloud testing market in the near future.
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