Rising Mobile Application Market to Boost the Growth of Test Automation Market

The test automation market worldwide is anticipated to grow with a CAGR of 14.7% during the forecast period from 2023 to 2030, starting from US$ 40.70 Bn in 2021. Increased mobile application market and rising DevOps methodology worldwide are the major reasons for the market growth. Growing digitization globally will also boost the test automation market demand in years to come. Growing use of mobile applications worldwide and rapid technological advancements are also helping the market growth. Rising cloud-based applications are helping the market growth. Accordingly, we predict that the market will grow tremendously throughout the forecast period.

Functional Testing to show Substantial Growth

In 2021, the functional testing segment has its dominance in the market. Functional testing ensures that the system must perform according to its expectations. Functional testing has its dominance due to inclination towards adoption of agile development process. Rising cloud-based applications market will also boost the functional testing segment. Functional testing has various benefits such as security & safety, defect-free product, reduced risks and others due to which the segment will substantial growth in years to come. Robot framework, ranorex, katalon studio, selenium, unified functional testing and others are some of the functional testing tools.

Asia Pacific will be the Fastest Growing Region

North America governs the test automation market in 2021. The aforementioned region contributed to more than 1/3rd of the world revenue in the same year. Established industries, growing need of QA and presence of maximum number of players are major factors for the dominance of the region. On the other hand, Asia Pacific region will grow with the highest growth rate on account of growing mobile application market, rising digitization and growing investments for rapid technology adoption. Presence of existing testing tools and professional testing resources are some of the other factors for fastest growth of the Asia Pacific fastest growth.

Some of the prominent players operating in the test automation market IBM Corporation, Wipro Ltd., Capgemini S.A., Cognizant Technology Solutions Corp, Infosys Ltd, Hewlett-Packard Company, Tata Consultancy Services, Hexaware Technologies, Wipro Ltd., Zensar Technologies, Qasymphony, Inc., SmartBear Inc., and Tricentis GmbH among others.

Historical & Forecast Period

This study report represents analysis of each segment from 2022 to 2032 considering 2023 as the base year. Compounded Annual Growth Rate (CAGR) for each of the respective segments estimated for the forecast period of 2024 to 2032.

The current report comprises of quantitative market estimations for each micro market for every geographical region and qualitative market analysis such as micro and macro environment analysis, market trends, competitive intelligence, segment analysis, porters five force model, top winning strategies, top investment markets, emerging trends and technological analysis, case studies, strategic conclusions and recommendations and other key market insights.

Research Methodology

The complete research study was conducted in three phases, namely: secondary research, primary research, and expert panel review. key data point that enables the estimation of Test Automation market are as follows:

• Research and development budgets of manufacturers and government spending
• Revenues of key companies in the market segment
• Number of end users and consumption volume, price and value.
• Geographical revenues generate by countries considered in the report
• Micro and macro environment factors that are currently influencing the Test Automation market and their expected impact during the forecast period.

Market forecast was performed through proprietary software that analyzes various qualitative and quantitative factors. Growth rate and CAGR were estimated through intensive secondary and primary research. Data triangulation across various data points provides accuracy across various analyzed market segments in the report. Application of both top down and bottom-up approach for validation of market estimation assures logical, methodical and mathematical consistency of the quantitative data.

Key questions answered in this report

• What are the key micro and macro environmental factors that are impacting the growth of Test Automation market?
• What are the key investment pockets with respect to product segments and geographies currently and during the forecast period?
• Estimated forecast and market projections up to 2032.
• Which segment accounts for the fastest CAGR during the forecast period?
• Which market segment holds a larger market share and why?
• Are low and middle-income economies investing in the Test Automation market?
• Which is the largest regional market for Test Automation market?
• What are the market trends and dynamics in emerging markets such as Asia Pacific, Latin America, and Middle East & Africa?
• Which are the key trends driving Test Automation market growth?
• Who are the key competitors and what are their key strategies to enhance their market presence in the Test Automation market worldwide?