Cloud Testing Market Size, Share & Industry Analysis, By Component (Testing tools, Services), By Platform/Tool (Security testing tools, Stress and recovery testing tools, Performance and load testing tools), By Service (Managed services, Professional services), By Enterprises Size (Small and medium Enterprise, Large Enterprise), By End User (Media and entertainment , BFSI, Healthcare, Transportation) And Regional Forecast, 2024-2032
KEY MARKET INSIGHTS
Cloud testing is used to access web applications for scalability, performance, reliability, and security. It has become important part of sectors such as BFSI, IT telecom, retail, and ecommerce. The rapid adoption of machine learning is boosting the growth of the market. Machine learning (ML) is being used in the banking sector to model real time transaction, ML and artificial intelligence (AI) can help track fraudulent transactions using testing solutions.
Adoption of cloud can provide a lot of advantages to IT companies helping them in saving cost on infrastructure and deployment. The increasing trends such as popularity of artificial intelligence, machine learning, mobile cloud computing, quantum computing, cloud testing are likely to drive the growth of market in near future
Key Market Driver -
• Increasing security breaches is the key driver for cloud testing market. • Rising adoption of cloud testing in industry include BFSI, IT and telecom, government and healthcare. • Rising usage of mobile application likely to drive market.
Key Market Restraint -
• Lack of expertise in operating the cloud testing solutions
Key Players Covered:
Major players operating in the market are International Business Machines (IBM), Oracle Corporation, CA Technologies, SOASTA Inc, Xamarin, Cavisson Systems, Capgemini Technology, Congizant Technology, Cigniti Technologies Ltd, Micro Focus International, SmartBear Software and Tricentis Tosca.
Regional Analysis:
As adoption of cloud testing solutions has increased rapidly in North America due to rising demand from various sectors a such as BFSI, IT telecom, retail and ecommerce, it is expected show positive growth in coming years. Further, established economies such as United States and Canada are widely adopting cloud testing tools for major industry. Most of the vendors are expected to invest in technological advanced solution in North America and Europe.
Asia Pacific is anticipated to be fastest growing market in cloud testing market as significant adoption of cloud testing services/solutions. Country like India anticipated to see a spike in cloud testing market as during COVID-19, as companies with cloud infrastructure enabled employee to work from home. A survey from IDC suggested that 64% of companies would witness the demand for cloud computing whereas 56% would use it in near future too. Further, sectors such as healthcare, education and government are looking forward to adopt cloud computing by increasing literacy to 75% by the end of 2020. This would eventually have built the market for cloud testing and will further help the growth of the market. In Middle east and Africa government are taking initiative for deployment of technologies for better workflow in industries and development of countries.
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Segmentation
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Key Industry Developments
- In September 2020 – Xamarin a cloud testing software is being added with a new tool called visual studio tool. Apps which are built on Xamarin are having easy user interface, API access and best performance.
- Ongoing
- 2023
- 2019-2022
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