COVID-19 Impacts: Pure Play Software Testing Services Market Will Accelerate at a CAGR of over 15% through 2020-2024 | Increasing Demand for Software Testing Services for Big Data Applications to Boost Growth | Technavio

Technavio has been monitoring the pure play software testing services market and it is poised to grow by USD 6.05 billion during 2020-2024, progressing at a CAGR of over 15% during the forecast period. The report offers an up-to-date analysis regarding the current market scenario, latest trends and drivers, and the overall market environment.

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Technavio has announced its latest market research report titled Global Pure Play Software Testing Services Market 2020-2024 (Graphic: Business Wire)

Technavio suggests three forecast scenarios (optimistic, probable, and pessimistic) considering the impact of COVID-19. Please Request Free Sample Report on COVID-19 Impact

Frequently Asked Questions-

• What was the value of the pure play software testing services market in 2019?

• Technavio says that the value of the market was at USD 5.86 billion in 2019 and is projected to reach USD 11.91 billion by 2024.

• At what rate is the market projected to grow during the forecast period 2020-2024?

• Growing at a CAGR of over 15%, the market growth will accelerate in the forecast period.

• What is the key factor driving the market?

• The need for cost reduction and faster time-to-market is a major growth factor for the market.

• Who are the top players in the market?

• Cigniti Technologies Ltd., DXC Technology Co., Expleo Group SAS, imbus AG, Inspearit, Planit Test Management Solutions Pty. Ltd., QA InfoTech, QualiTest Ltd., Trigent Software Inc., and ZenQ. are some of the major market participants.

• Which region is expected to hold the highest market share?

• North America

• What is the year-over-year growth rate of the global market?

• The year-over-year growth rate for 2020 is estimated at 13.37%.

The market is fragmented, and the degree of fragmentation will accelerate during the forecast period. Cigniti Technologies Ltd., DXC Technology Co., Expleo Group SAS, imbus AG, Inspearit, Planit Test Management Solutions Pty. Ltd., QA InfoTech, QualiTest Ltd., Trigent Software Inc., and ZenQ. are some of the major market participants. To make the most of the opportunities, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.

The increasing demand for software testing services for big data applications has been instrumental in driving the growth of the market.

Pure Play Software Testing Services Market 2020-2024: Segmentation

Pure Play Software Testing Services Market is segmented as below:

• End-user
  • BFSI
  • IT
  • Telecom
  • Retail
  • Others
• Geography
  • North America
  • Europe
  • APAC
  • South America
  • MEA

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Pure Play Software Testing Services Market 2020-2024: Scope

Technavio presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources. Our pure play software testing services market report covers the following areas:

• Pure Play Software Testing Services Market size
• Pure Play Software Testing Services Market trends
• Pure Play Software Testing Services Market analysis

This study identifies the need for cost reduction and faster time-to-market as one of the prime reasons driving the pure play software testing services market growth during the next few years.

Pure Play Software Testing Services Market 2020-2024: Vendor Analysis

We provide a detailed analysis of vendors operating in the pure play software testing services market, including some of the vendors such as Cigniti Technologies Ltd., DXC Technology Co., Expleo Group SAS, imbus AG, Inspearit, Planit Test Management Solutions Pty. Ltd., QA InfoTech, QualiTest Ltd., Trigent Software Inc., and ZenQ. Backed with competitive intelligence and benchmarking, our research reports on the pure play software testing services market are designed to provide entry support, customer profile and M&As as well as go-to-market strategy support.

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Pure Play Software Testing Services Market 2020-2024: Key Highlights

• CAGR of the market during the forecast period 2020-2024
• Detailed information on factors that will assist pure play software testing services market growth during the next five years
• Estimation of the pure play software testing services market size and its contribution to the parent market
• Predictions on upcoming trends and changes in consumer behavior
• The growth of the pure play software testing services market
• Analysis of the market’s competitive landscape and detailed information on vendors
• Comprehensive details of factors that will challenge the growth of pure play software testing services market vendors

Table of Contents:

Executive Summary

• Market Overview

Market Landscape

• Market ecosystem
• Value chain analysis

Market Sizing

• Market definition
• Market segment analysis
• Market size 2019
• Market outlook: Forecast for 2019 - 2024

Five Forces Analysis

• Five forces summary
• Bargaining power of buyers
• Bargaining power of suppliers
• Threat of new entrants
• Threat of substitutes
• Threat of rivalry
• Market condition

Market Segmentation by End-user

• Market segments
• Comparison by End-user
• BFSI - Market size and forecast 2019-2024
• IT - Market size and forecast 2019-2024
• Telecom - Market size and forecast 2019-2024
• Retail - Market size and forecast 2019-2024
• Others - Market size and forecast 2019-2024
• Market opportunity by End-user

Customer Landscape

• Overview

Geographic Landscape

• Geographic segmentation
• Geographic comparison
• North America - Market size and forecast 2019-2024
• Europe - Market size and forecast 2019-2024
• APAC - Market size and forecast 2019-2024
• South America - Market size and forecast 2019-2024
• MEA - Market size and forecast 2019-2024
• Key leading countries
• Market opportunity by geography

Market Drivers

Market Challenges

Market Trends

Vendor Landscape

• Overview
• Landscape disruption

Vendor Analysis

• Vendors covered
• Market positioning of vendors
• Cigniti Technologies Ltd.
• DXC Technology Co.
• Expleo Group SAS
• imbus AG
• Inspearit
• Planit Test Management Solutions Pty. Ltd.
• QA InfoTech
• QualiTest Ltd.
• Trigent Software Inc.
• ZenQ

Appendix

• Scope of the report
• Currency conversion rates for US$
• Research methodology
• List of abbreviations

About Us

Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavio’s report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

View source version on businesswire.com: https://www.businesswire.com/news/home/20200806005559/en/