Title: Software Testing Market 2023-2032; Growth Forecast & Industry Share Report
1Software Testing Market 2023-2032 Growth
Forecast Industry Share Report
2- Global Software Testing Market is slated to
observe considerable gains through 2032, owing to
the surging focus of government authorities and
OEMs on autonomous driving technology. The
growing development of autonomous vehicles has
increased the focus of software testing service
providers on developing advanced computing
chipsets and high-end software equipped with
automation technologies for the vehicle's
superior performance. - Based on components, the software testing
industry from the services segment is expected to
grow at a substantial CAGR from 2023 to 2032,
owing to the growing focus of companies on
enhancing their professional services. Citing an
instance, in January 2022, NTT DATA Business
Solutions, a leading IT service management firm,
inked a deal with Tricentis, an Austrian software
firm, to offer the benefits of advanced test
automation services to its clients. The new deal
makes NTT DATA Business Solutions Nordic a
re-seller and implementation partner of the
Tricentis platform.
3- Based on type, the software testing industry from
the pureplay software testing segment is slated
to record a valuation of more than USD 30 billion
by 2032, on account of the growing demand for
customized software testing services. Pureplay
software testing involves developing products to
cater to a specific industry and marketing them
over the Internet for clients. Moreover, it
minimizes the company's expenses and offers great
flexibility by tailoring the solutions to the
client's needs. - In terms of application, the software testing
industry from the healthcare segment is
anticipated to accrue lucrative gains through
2032, owing to growing consumer preference for
digital health services such as wearable medical
devices, electronic health records, and others.
As per IBEF, the medical device industry in the
country is expected to reach USD 50 billion by
2025. For wearable medical devices, software
testing helps assess reliability, user
experience, and safety.
4Europe software testing market is poised to grow
at a considerable CAGR from 2023 to 2032, owing
to the surging adoption of electric vehicles. As
per the International Energy Agency, in 2021,
electric cars made up 17 of the region's
automobile sales. Moreover, software testing is
heavily employed in electric vehicles for the
diagnosis of EV batteries, circuitries, and
thermal systems for the rectification of
unexpected issues before the manufacturing phase.
- Infosys Limited, LT Technology Services Limited,
Micro Focus International plc, HCL Technologies
Limited, International Business Machines (IBM)
Corp., and Accenture
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