Cloud Testing Market Highlights:
The Cloud Testing Market will touch USD
11 billion at a 13% CAGR between 2017- 2023, as per the Market Research Future
(MRFR) analysis. Cloud-based testing, simply put, is to monitor, test, measure,
and control activities in infrastructure and environment that are cloud-based
by expanding the cloud solutions and technologies.
Various factors are
propelling the marketing cloud’s sales. As per the MRFR report, such factors
include the growing adoption of cloud technology across different industries,
flexibility and scalability offered by Cloud Testing Market, reduced cost of
ownership, surging digitalization, increasing use of mobile and web
applications across the world, a surge in e-commerce companies, and rise in
online retailers.
On the contrary, the need
for new environment infrastructure to develop the project, high investments to
establish the testing environment, changing consumer demands, currency
fluctuations, and the current COVID-19 outbreak may deter the marketing cloud
production growth.
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Major Key Players:
Key contenders profiled in
the global cloud testing market report include Invensis (India), Infostrech
Technologies (U.S.), A four technologies (India), Xoriant Corporation (U.S.),
Damco Group (Testingxperts) (U.S.), Cognizant (U.S.), Cigniti (India),
Tricentis(Austria), Cavisson System (U.S.), Microsoft Corporation (U.S.),
Capgemini (France), Akamai Technologies (U.S.), Microfocus (U.K.), Smartbear
Software (U.S.), CA Technologies (U.S.), Oracle Corporation (U.S.), and IBM
Corporation (U.S.).
Market Segmentation:
The Market Research Future
Report highlights an inclusive segmental analysis of the global cloud testing
market based on end user, deployment, and component.
By component, the global
cloud testing market is segmented into platform and services. The services
segment is again segmented into managed services and professional services. The
professional services is again segmented into training services, implementation
services, and consulting services. The platform services is again segmented
into performance testing, capacity testing, stress testing, service
virtualization, application programming interface testing, load testing, and
others. Of these, the platform segment will lead the market over the forecast
period.
By deployment, the global
cloud testing market is segmented into hybrid, public, and private.
By end user, the global
cloud testing market is segmented into travel and hospitality, transportation
and logistics, retail, media and entertainment, manufacturing, healthcare,
telecom and IT, energy and utilities, and BFSI. Of these, the retail segment
will dominate the market over the forecast period.
Regional Analysis:
By region, the global cloud
testing market covers the market opportunities, performance scalability, and
recent trends across Europe, North America, the Asia Pacific (APAC), & the
Rest of the World (RoW). Among these, North America will dominate the market
over the forecast period. Rise in the number of cloud-based organizations that
need frequent testing and maintenance services, heavy investments in R&D of
advanced testing tools and technologies, presence of many cloud testing vendors,
technological advances, commercialization of different IoT based services and
products, the advent of BYOD policies, and rising collaborative efforts between
industry players to develop innovative and new solutions are adding to the
global cloud testing market growth in the region.
In Europe, the global cloud
testing market is predicted to hold the second-largest share over the forecast
period. The growing adoption of BYOD by large enterprises and SMEs is adding to
the global cloud testing market growth in the region. Germany, France, and the
UK have the utmost share in the market.
In the APAC region, the
global cloud testing market is predicted to grow at a fast pace over the
forecast period. Growing adoption of cloud-based services in IT and telecom
sectors, an increase in different e-commerce platforms, rising adoption by SMEs
to reduce capital expenditure, and supportive government initiatives are adding
to the global cloud testing market growth in the region.
In the RoW, the global
cloud testing market is predicted to have sound growth over the forecast
period.
Table of Contents
1 Executive Summary
2 Scope of the Report
2.1 Market Definition
2.2 Scope of the Study
2.2.1 Research objectives
2.2.2 Assumptions & Limitations
2.3 Markets Structure
3 Market Research Methodology
3.1 Research Process
3.2 Secondary Research
3.3 Primary Research
3.4 Forecast Model
Continued…
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