Global Test Automation Market to Reach US$85.8 bn by 2024

ALBANY, USA, 2018-Apr-19 — /EPR Network/ —Market Research Reports Search Engine (MRRSE) has recently announced the addition of a new study on the global market for test automation. The research report, titled “Global Test Automation Market – Industry Analysis, Size, Share, Growth, Trends and Forecast 2016 – 2024”.The study states that the worldwide market for test automation stood at US$12.9 bn in 2015. Experts estimate this market to rise at an impressive CAGR of 23.60% from 2016 to 2024 and reach a value of US$85.8 bn by the end of the forecast period.

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According to the research report, the increased IT spending by organizations on software testing and quality assurance has boosted the global test automation market significantly since the last few years. The trend is likely to remain the same in the coming years. Apart from this, the rising uptake of cloud and mobile-based applications is likely to add to the growth of this market over the forecast period.

The report analyzes the global test automation market on the basis of the type of test automation systems and the regional distribution of the market. Based on type, the market is classified into configuration testing, functional testing, acceptance testing, web services testing, load testing, integration testing, mobile testing, network testing, compatibility testing, security testing, platform testing, migration testing, usability testing, and QA process design. The functional testing segment dominated the global market in 2015 with a share of 23.2%.

Regionally, the worldwide test automation market has been segmented into Asia Pacific, Latin America, North America, Europe, and the Middle East and Africa. In 2015, North America led this market with a share of approximately 44% in terms of revenue. Analysts expect the regional market to remain dominant during the forecast period on account of the increasing demand for quality assurance in organizations operational in this region.

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Asia Pacific, on the other hand, is projected to register the fastest CAGR of 26.2% during the forecast period. The increasing investment in internal professional testing resources, external outsourced resources, and existing tools is expected to drive the Asia Pacific test automation market in the coming years, notes the study.

Wipro Ltd., Hewlett-Packard Co., Tata Consultancy Services, Infosys Ltd., IBM Corp., Capgemini S.A., Zensar Technologies, Hexaware Technologies, and Cognizant Technology Solutions Corp. are the major participants in the global test automation market, states the research study.

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