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Asia Pacific Region Poised to Register a Whooping CAGR of 16.5% throughout the Period of Forecast, 2017-2025

Press release Description

Albany, New York, September 13, 2017: The test automation market is currently witnessing significant growth and is poised to expand across several regional markets across the globe in the coming years. Market Research Report Search Engine (MRRSE) has included the report titled “Test Automation Market - Global Industry Analysis, Share, Size, Trends, Growth, and Forecasts 2017 - 2025” in its research report repository which unmasks various factors which have a profound influence over the substantial growth that the market is seeing. Key trends, developments, drivers, opportunities as well as restraints are covered in this research report which impact the global test automation market in different ways. Additionally, based on past market scenario and present estimations, future assessment of the market is done which is included in the forecast chapter of the research report. The assessment period is till 2025 starting from 2017. In-depth analyses with a detailed market segmentation presents actionable insights to the reader of the report, with which informed decisions can be taken.

Global Test Automation Market: Dynamics

Global test automation market is impacted by many factors. The key players involved in this market have attempted many automation testing solutions and offerings and are investing money and time to enhance their offerings in order to reinforce their future positions in the market. Rising digital transformation has caused increased uptake of quality assurance and software testing across enterprises and in a way fuelling the growth of the global test automation market. Booming mobile applications in the communications, multimedia travel and productivity domain coupled with different cloud applications have acted as catalyst promoting growth of the global test automation market. Factors such as high operational costs and lengthy timeframes have acted as roadblocks to the growth of the global test automation market.

Global Test Automation Market: Segmental Highlights

The global test automation market is segmented by component (services, product and type), by deployment (public cloud, private cloud and on premise) and by geography (North America, Europe, Middle East and Africa, Asia Pacific and South America).

  • Services segment by component is expected to gain higher market share by hitting maximum growth rate and dominate the global test automation market. In the past also this segment accounted for higher market share as compared to the products segment
  • The functional testing sub segment by test automation tools by product generated high revenues in 2016 and this trend is expected to run in the coming years. This growth can be attributed towards the automation in the processes involved in functional testing
  • North America held high market share of about 46% by revenue in 2016 in the global test automation market. in the coming years, North America is expected to slate similar growth rate to reflect a high market share thus leading the global test automation market from regional standpoint
  • Europe and Asia Pacific regions are anticipated to follow North America, with respect to market share. The increasing sophistication of the QA and testing sector has driven the growth in Europe
  • Asia Pacific (APAC) region, shows less market share compared to North America and Europe, however, is anticipated to witness the highest growth rate throughout the period of forecast 2017-2025 and surpass all other regions to register the highest CAGR of 16.5% during the forecast period. Increased and continuous investments made in Asia Pacific in testing is one of the main reasons which has nitro boosted the growth of this region

Global Test Automation Market: Future Assessment

According to the research report on test automation market, the global market is anticipated to witness robust growth throughout the period of forecast. The global test automation market is expected to witness an exponential growth rate and reflect a CAGR of 15.4% to reach a value of around US$ 110 Bn by the end of 2025 from a value of about US$ 30 Bn.

Global Test Automation Market: Competition Landscape

Several key tier players within the test automation market have been profiled. The exhaustive research on test automation market includes key players such as Tricentis GmbH, SmartBear Inc., Qasymphony, Inc., Zensar Technologies, Wipro Ltd., Hexaware Technologies, Tata Consultancy Services, Hewlett-Packard Company, Cognizant Technology Solutions Corp., Infosys Ltd, Capgemini S.A., Wipro Ltd., and IBM Corporation.

Browse Full Global Test Automation Market Report with TOC  : http://www.mrrse.com/test-automation-market

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