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Performance testing tools are used to optimize the performance of apps, APIs, websites etc. The main tasks of these tools is to find bugs and eliminate the performance bottlenecks by getting to know how the applications will perform under heavy load conditions. The performance of apps, websites etc. is expected to be optimum, as companies will lose the business customers to the competitors. This is the main reason for the adoption of such tools in the market.
There are commercial and open source performance testing tools available in the market. But the adoption of the open source tools has been increased drastically. It is anticipated that the performance testing tools are majorly adopted by e-commerce sector for ensuring optimum performance of their e-commerce website to attain larger profits.
It is expected that the stress testing tools to grow with a progressive CAGR in the forecast period. This is due to emergence of the AI based stress testing as it increases the depth and scope of the test results and increasing adoption of the mobile devices.
Key Market Driver -
• Rising need for optimizing the performance of apps, websites, APIs have increased the adoption of performance testing tools in the market
Key Market Restraint -
• Higher adoption of open source tools will hamper the adoption of commercial testing tools
Some of the key competin the performance testing tools market are Neotys, QA Mentor, Teclado Technologies, Sauce Labs Inc., MachNation, SmartBear Software, Etnetera a.s., Dotcom-Monitor, Inc, Micro Focus, Apache Software Foundation and others.
In January 2017, Itrinegy and Neotys partnered to offer network virtualization and load performance tools to enable operational testing. This partnership enhanced the accuracy of testing by including real-world actual network conditions in performance and load testing. The joint solution allows the organizations to mitigate development and remediation costs and boost time in the market. This solution allows customers to understand the operational risk and prioritize the remediation efforts in effective way.
In February 2017 QA Mentor - Testing Company and Teclado Technologies partnered This partnership will help offer services and expertise in South Africa. This partnership will allow greater product offerings and services across diverse markets. This partnership has assisted QA Mentor for promoting the testing best practices and methodologies, quality assurance and improve quality in expanding business in single country across the globe.
The key players are adopting the partnerships and acquisition strategies to supplement the market growth.
North America is expected to show major market revenue share in this market. North America has the presence of major performance testing tool providers in the. Additionally, the e-commerce sector is major adopter of performance testing tools in the market. Therefore, presence of e-commerce giants led by Amazon.com, Inc. and eBay Inc etc. lead to higher adoption of the performance testing tools in the market.
Asia Pacific is expected to show tremendous growth in the forecast period. A distinguishable trend is seen in the Chinese market that sectors such as retail, high tech, e-commerce and other multinational companies have become early adopters in the quality assurance (QA) and testing practices. Additionally, according to world quality report 2017-2018- it is expected that the overall share in IT budget for QA and Testing will be rise to an average of 33% within next 3 years. This will support growth in that region.
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