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Supported by Remarkable Growth in Asia Pacific, Global Test Automation Market to Reach US$85.84 bn by 2024

Article Description

Every software development requires rigorous testing to prove its desired outcome and fix defects, if any. Testing software products in a manual manner is exceptionally time-consuming and restricted in many ways. Therefore, several software engineers and companies opt for test automation, which is the best possible way to make the task effective. Owing to this reason, the software industry relies heavily on test automation market. Test automation uses special software for conducting various tests pertaining to software functions. These results are then compared to the expected output to arrive at a certain degree of accuracy and precision in the software.

Global Test Automation Market to Surge at CAGR of 23.6% from 2016 to 2024

Presently, the global test automation market is witnessing a boom as several enterprises are spending on strengthening their IT infrastructure by improving the quality of software testing and bringing in quality assurance solutions. The ongoing trend of cloud-based and mobile applications is also likely to have a positive impact on the global test automation market. According to research analysts, the global test automation market was worth at US$12.91 bn in 2015 and is expected to surge at a CAGR of 23.6% from 2016 to 2024 to reach US$85.84 bn by 2024.

Browse Full Global Test Automation Market Report with TOC :

Functional Testing Emerges as Clear Leader in Overall Market

The global test automation market is segmented on the basis of type into compatibility testing, functional testing, configuration testing, acceptance testing, web services testing, integration testing, load testing, security testing, network testing, mobile testing, migration testing, usability testing, platform testing, and QA process design. Currently, functional testing is leading the overall market. Analysts predict that this segment will contribute massively to the global market due to ongoing agile development practices for topnotch automation in the functional testing processes.

North America to Remain Dominant in Global Testing Automation Market

Geographically, the global test automation market is segmented into Asia Pacific, North America, Europe, and Rest of the World. As of 2015, North America led the overall test automation market with a share of 44%. According to research analysts, the test automation market in North America is expected to dominate the global market between 2016 and 2024 as the need for quality assurance increases in budding as well as established organizations. The pace of the test automation market is expected to pick up as a growing number of transformation projects are being undertaken to reduce time-to-market and increase returns on investment (ROI). Meanwhile, Asia Pacific is also anticipated to surge at a CAGR of 26.2% in the aforementioned forecast period. This significant growth will be attributable to the burgeoning investments in internal professional testing tools, resources, and external outsourced resources.

Despite the strong market drivers, the global test automation market faces the tough challenge of high costs of operations that need massive investments. The growth of this market is also being hampered by the exceptionally high time it takes to set up an appropriate test lab. Some of the important players operating in the test automation market are IBM Corporation, Wipro Ltd., Capgemini S.A., Cognizant Technology Solutions Corp, Infosys Ltd, Hewlett-Packard Company, Tata Consultancy Services, Zensar Technologies, and Hexaware Technologies.