Continuous Testing Market was around US$ 1.29 Bn in 2019 and is expected to grow at a CAGR of around XX % in the forecast period of 2019-2027.
The report includes the analysis of impact of COVID-19 lock-down on the revenue of market leaders, followers, and disrupters. Since lock down was implemented differently in different regions and countries, impact of same is also different by regions and segments. The report has covered the current short term and long term impact on the market, same will help decision makers to prepare the outline for short term and long term strategies for companies by region.
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Continuous Testing is the process of executing automated tests as a part of the software delivery pipeline for obtaining feedback on the business risks associated with a software release candidate as quickly as possible. The evolution and growth of test automation can be attributed to addressing the increased complexity and pace of modern application development as well as delivery.
The rise in the need for continuous and timely delivery of software has been a major growth driver for the continuous testing market. In addition to this, organizations across various industry verticals are looking towards digital transformation for enhancing business operations along with the DevOps going mainstream are a few other major factors that are driving the growth of the continuous testing market. Moreover, enterprises consider continuous testing important, as it helps to minimize business risks associated with software assets as well. However, traditional approaches still act a key restraint for the continuous testing market growth.
The Banking, Financial Services, and Insurance (BFSI) companies have to deal with critical credit management, and fraud detection management among others in its everyday financial operations. BFSI organizations are working on providing customer friendly digital solutions and software platforms, for serving customers in a better way. The BFSI industry has been a major contributor, in the continuous testing market.
The continuous testing market is segmented by service, organization size, deployment type, interface type, industry, and region. The adoption of smart devices, IoT, cloud, and mobile technologies has altogether transformed organizations across various industry verticals. With the help of these technologies, organizations work on streamlining their business flows and operations making the cloud-based deployment to monitor one of the fastest growing. The rapid adoption of the mobile technology and the proliferation of smartphone users have increased the demand for mobile-based software and applications as well helping continuous testing market growth.
North America is estimated to hold the largest market size in 2018. The region has a high concentration of retail and consumer goods, healthcare, BFSI, and transportation companies that largely contribute to the market.
The objective of the report is to present a comprehensive analysis of Continuous Testing Market including all the stakeholders of the industry. The past and current status of the industry with forecasted market size and trends are presented in the report with the analysis of complicated data in simple language. The report covers all aspects of the industry with a dedicated study of key players that includes market leaders, followers and new entrants by region. PORTER, SVOR, PESTEL analysis with the potential impact of micro-economic factors by region on the market are presented in the report. External as well as internal factors that are supposed to affect the business positively or negatively have been analyzed, which will give a clear futuristic view of the industry to the decision-makers. The report also helps in understanding Continuous Testing Market dynamics, structure by analyzing the market segments and project the Continuous Testing Market size. Clear representation of competitive analysis of key players By Type, Price, Financial position, Product portfolio, Growth strategies, and regional presence in the Continuous Testing Market make the report investor’s guide.
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Continuous testing Market, By Service
• Professional Services
• Managed Services
Continuous testing Market, By Organization Size
• Large Enterprise
• SMEs
Continuous testing Market, By Deployment Type
• Cloud
• On-premises
Continuous testing Market, By Interface Type
• Web
• Desktop
• Mobile
Continuous testing Market, By Industry
• Banking, Financial Services, and Insurance
• Media and Entertainment
• Government
• Transportation and Logistics
• Healthcare
• Retail and Consumer Goods
• Telecom and IT
• Energy and Utilities
• Manufacturing
• Others
Continuous testing Market, By Geography
• North America
• Europe
• Asia-Pacific
• Middle East & Africa
• Latin America
Key Players operating in the Continuous Testing Market:
• Mindtree
• EPAM Systems
• HCL Technologies
• Atos
• Tech Mahindra
• Tricentis
• Larsen and Toubro Infotech
• CA Technologies
• IBM
• Capgemini
• Spirent Communications
• Micro Focus
• Syntel
• Cognizant
• QualiTest
• Testplant
• Vector Software
• QA Mentor
• SmartBear Software
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