Global Application Testing Services Market to Amount to USD 50.14 Bn by 2022, Predicts M&M in Its In-Demand Report Available at MarketPublishers.com16 Nov 2017 • by Natalie Aster
LONDON – The worldwide market for application testing services is set to rise from the value of USD 26.59 billion in the current year to amount to USD 50.14 billion by late 2022, exhibiting healthy growth at a 13.5% CAGR in the coming 5 years.
The major factors that are likely to spur growth in the application testing services market in the near future include continued digital transformation of business and rising adoption of automation testing process in different industries.
Basing on service types, the professional services sector is anticipated to dominate the world’s application testing services market during 2017-2021. This is attributed primarily to enhancing adoption of professional application testing services (designing, planning, consulting and training) in enterprises globally.
Basing on delivery models, the overall market is poised to be led by the offshore sector owing to expanding adoption of offshore delivery model in enterprises in order to cut costs associated with testing processes.
Amid all regions, APAC is the most rapidly-growing market for application testing services; this regional market is likely to maintain robust growth pace through 2021.
The in-demand research publication “Application Testing Services Market by Service Type, Testing Type, Delivery Model, Organization Size, Vertical, and Region - Global Forecast to 2022” created by MarketsandMarkets (M&M) offers a comprehensive analysis of the world’s application testing services market, covers the historical background and the current scenario of the market as well as outlines future growth prospects and risks of this market. Besides, this research study includes an insightful overview of the market dynamics and points out the major market growth influencing forces. This report also highlights the prominent trends, examines the competitive environment, profiles the top players and provides valuable strategic recommendations. In addition, this study contains a future outlook for the application testing services market with detailed forecasts through 2022.
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