The Application Testing Services Market is projected to grow from USD 26.59 billion in 2017 to USD 50.14 billion by 2022, at a CAGR of 13.5% during the forecast period. Key factors propelling the growth of the application testing services market include the digital transformation of businesses and increased adoption of automation testing services in various industries.
The scope of this report covers the segmentation of the application testing services market based on service type, testing type, delivery model, organization size, vertical, and region. Application testing services are a collection of verification and validation services that support quality control and quality assurance of applications. The demand for application testing services is increasing at a rapid pace due to the transformation in business models and software development processes to attain agility, which, in turn, has propelled the need for quality assurance and quality testing. Other factors influencing the growth of the application testing services market are the adoption of agile and DevOps testing methodologies for seamless running of applications.
Based on service type, the managed services segment of the application testing services market is projected to grow at the highest CAGR from 2017 to 2022. The growth of the managed services segment can be attributed to the advantages of managed testing services in improving business operations and reducing unnecessary expenses and overheads.
Based on testing type, the automation testing segment of the application testing services market is expected to grow at the highest CAGR during the forecast period. The growth of the automation testing type segment can be attributed to the ability of automation testing to enhance robustness and consistency of applications, minimize risks, and reduce manual testing effort.
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Based on region, the application testing services market in Asia Pacific is projected to grow at the highest CAGR during the forecast period. The high adoption rate of digital technologies, especially in Australia, India, China, Japan, and Singapore, has made Asia Pacific a lucrative market for application testing services.
Major companies such as Wipro (India), Cognizant (US), TCS (India), Accenture (Ireland), Capgemini (France), IBM (US), and Infosys (India) offer application testing services to cater to the requirements of end-use industries in the market. These players have adopted key growth strategies such collaborations and partnerships to strengthen their product portfolios and enhance their position in the application testing services market.