Automation Testing Market Size to Surpass USD 51.26 Billion by 2030, exhibiting a CAGR of 18.8%
As per the report by Fortune Business Insights, the global Automation Testing Market size is projected to reach USD 51.26 Billion by 2030, at a CAGR of 18.8% during the forecast period.
Automation Testing Market
Pune, India, Sept. 07, 2023 (GLOBE NEWSWIRE) — The global automation testing market size was valued at USD 13.50 billion in 2022 and is projected to reach USD 51.26 billion by 2030, exhibiting a CAGR of 12.4% during the forecast period. Fortune Business Insights™ provides this information in its research report, titled Automation Testing Market Forecast, 2023-2030.
Growing Professional Services Demand to Propel Services Segment Expansion. The rise is propelled by the surging adoption of advanced solutions such as DevOps and Agile. Cloud-based tools enable teams to access the tool from any device.
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Key Industry Development:
March 2023 – SmartBear announced its acquisition of Aspecto. The deal would offer developers the capability to identify and correct bugs at a rapid pace. This would be enabled through integration with SmartBear’s BugSnag, an industry-leading performance monitoring and error-tracking solution.
Key Takeaways
- Rising Demand for Digital Products and Services during COVID-19 Boosted the Market
- Increase in Agile and DevOps Practices in Software Development to Enhance the Market Growth
- By Component Analysis: Growing Adoption of Professional Services to Drive Market Growth
- Automation Testing Market Size in North America was USD 3.53 Billion in 2022
Discover the Leading Players Featured in the Report:
“Companies leading the Automation Testing Market are Accenture (Ireland), Microsoft (U.S.), Tricentis (Austria), SmartBear Software (U.S.), Ranorex (U.S.), Parasoft (India), Cigniti Technologies Limited (U.S.), Applitools (U.S.), Cygnet Infotech (India)”
Report Scope & Segmentation
| Report Coverage | Details |
| Forecast Period | 2023 to 2030 |
| Forecast Period 2023 to 2030 CAGR | 18.8% |
| 2030 Value Projection | USD 51.26 Billion |
| Base Year | 2022 |
| Automation Testing Market Size in 2022 | USD 13.50 Billion |
| Historical Data for | 2019 to 2021 |
| No. of Pages | 150 |
| Segments covered | Component, Testing Type, Interface, Vertical and Geography |
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Drivers and Restraints:
Market Value to Surge with Soaring Integration of Machine Learning and AI in Test Automation
One of the vital factors propelling the automation testing market growth is the increasing integration of machine learning and artificial intelligence in solutions. The technologies are gaining traction in the areas of functional, regression, automation, and performance testing.
However, the market expansion may be hampered by the lack of data security and concerns associated with data theft.
Segments
By Component
- Solution
- API Testing
- Performance Testing
- Test Management
- Code Quality
- Others
- Services
- Professional
- Managed
By Testing Type
- Static
- Dynamic
By Interface
- Desktop Testing
- Web Testing
- Mobile Testing
- Test Design
By Vertical
- BFSI
- IT & Telecom
- Manufacturing
- Retail
- Healthcare
- Government
- Others
By Region
- North America
- Europe
- Middle East & Africa
- Asia Pacific
Regional Insights:
North America to Ace the Market Due to Increasing Popularity of Cloud-based Testing
The North America automation testing market share is estimated to exhibit substantial expansion over the projected period. The region accounts for a dominating share in the market in 2022. The rise is propelled by the escalating popularity of cloud-based testing and the soaring adoption of DevOps and Agile methodologies.
The Asia Pacific market is set to depict appreciable expansion over the analysis period. The surge is driven by the increasing demand for mobile applications and increasing product deployment for ensuring defect-free applications.
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Competitive Landscape:
Key Companies Ink Collaborations to Strengthen Industry Footing
Prominent industry players are focused on entering collaborations, partnerships, and the launch of numerous products for strengthening their market footings. These steps are being undertaken for expanding their geographical footprints and increasing the reach of their products.
FAQ’s
How big is the Automation Testing Market?
Automation Testing Market size was USD 13.50 billion in 2022.
How fast is the Automation Testing Market growing?
The Automation Testing Market will exhibit a CAGR of 18.8% during the forecast period, 2022-2029
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