The pure-play software testing services market share growth by the BFSI segment will be significant during the forecast period. The BFSI sector is increasingly becoming an aggressive digital marketer through mobile channels, and this trend will continue during the forecast period. The need for enabling customer access to financial services through mobile devices and the continuous engagement of customers drive the consumption of software testing tools in the BFSI sector.
The “Pure Play Software Testing Services Market by End-user (BFSI, IT, Telecom, Retail, and Others) and Geography (North America, Europe, APAC, South America, and MEA) – Forecast and Analysis 2022-2026” report has been added to Technavio’s offering. The potential growth difference for the pure play software testing services market between 2021 and 2026 is USD 6.05 billion. To get the exact yearly growth variance and the Y-O-Y growth rate, Buy the Full Report Market Segmentation:
- By End-user
o BFSI
o IT
o Telecom
o Retail
o Other
- By Geography
o North America
o Europe
o APAC
o South America
o Middle East and Africa
41% of the market’s growth will originate from North America during the forecast period. The US is the key market for pure-play software testing services in North America. The early adoption of SMAC technologies will facilitate the pure play software testing services market growth in North America over the forecast period.
View our FREE PDF Sample Report for additional insights into the contribution of all the segments and regional opportunities in the report.Key Market Dynamics:
- Market Driver – One of the key factors driving the global pure-play software testing services industry growth is the evolution of software testing labs. Companies are focusing on product development and R&D to develop high-quality products. Software testing is performed throughout the product development stage and constitutes as much as 50% of the product development costs. In addition, the process of outsourcing testing elements to software testing vendors enables organizations to save on costly resources or manage with the limited resources available. A testing process is bound by service-level agreements between the testing service providers and the organization that sets acceptable quality standards. Such factors will propel the market growth in the forecast period.
- Market Challenges – One of the key challenges to the global pure-play software testing services industry growth is the growing concern about data privacy and information security. The testing service is becoming a more complex process due to the increase in the number of guidelines and IT security regulations and policies. Threats from hackers and security breaches in cloud-based services are on the rise. Therefore, vendors should ensure that the testing of cloud infrastructure for SaaS, IaaS, and PaaS has been carried out as per the latest IT security guidelines. The different models of cloud computing services should be tested effectively to prevent the sharing of data with unauthorized systems or persons. Thus, the rising cybersecurity concerns will restrict the growth of the market in focus during the forecast period.
Technavio’s library includes over 17,000+ reports covering more than 2,000 emerging technologies. Subscribe to our “Basic Plan“ at Just USD 5000 and get lifetime access to our Technavio Insights. Some Companies Mentioned
- Cigniti Technologies Ltd.
- DXC Technology Co.
- Expleo Group SAS
- imbus AG
- Inspearit
- Planit Test Management Solutions Pty. Ltd.
- QA InfoTech
- QualiTest Ltd.
- Trigent Software Inc.
- ZenQ
To gain access to more vendor profiles with their key offerings available with Technavio, Download the Sample Report
Related Reports:
Software Testing services market by Product, Geography, and End-user – Forecast and Analysis 2021-2025: The software testing services market share is expected to increase by USD 55.76 billion from 2020 to 2025.
Stress Testing Market by Product and Geography – Forecast and Analysis 2022-2026: The stress testing market share is expected to increase by USD 3.59 billion from 2021 to 2026
| Pure Play Software Testing Services Market Scope | |
| Report Coverage | Details |
| Page number | 120 |
| Base year | 2021 |
| Forecast period | 2022-2026 |
| Growth momentum & CAGR | Accelerate at a CAGR of 15% |
| Market growth 2022-2026 | USD 6.05 billion |
| Market structure | Fragmented |
| YoY growth (%) | 13.37 |
| Regional analysis | North America, Europe, APAC, South America, and MEA |
| Performing market contribution | North America at 41% |
| Key consumer countries | US, India, China, UK, and Germany |
| Competitive landscape | Leading companies, competitive strategies, consumer engagement scope |
| Companies profiled | Cigniti Technologies Ltd., DXC Technology Co., Expleo Group SAS, imbus AG, Inspearit, Planit Test Management Solutions Pty. Ltd., QA InfoTech, QualiTest Ltd., Trigent Software Inc., and ZenQ. |
| Market Dynamics | Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and future consumer dynamics, and market condition analysis for the forecast period. |
| Customization purview | If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized. |
Table of Contents:
1 Executive Summary
- 1.1 Market Overview
- Exhibit 01: Executive Summary – Chart on Market Overview
- Exhibit 02: Executive Summary – Data Table on Market Overview
- Exhibit 03: Executive Summary – Chart on Global Market Characteristics
- Exhibit 04: Executive Summary – Chart on Market by Geography
- Exhibit 05: Executive Summary – Chart on Market Segmentation by End-user
- Exhibit 06: Executive Summary – Chart on Incremental Growth
- Exhibit 07: Executive Summary – Data Table on Incremental Growth
- Exhibit 08: Executive Summary – Chart on Vendor Market Positioning
2 Market Landscape
- 2.1 Market ecosystem
- Exhibit 09: Parent market
- Exhibit 10: Market Characteristics
3 Market Sizing
- 3.1 Market Definition
- Exhibit 11: Offerings of vendors included in the market definition
- 3.2 Market segment analysis
- Exhibit 12: Market segments
- 3.3 Market size 2021
- 3.4 Market outlook: Forecast for 2021-2026
- Exhibit 13: Chart on Global – Market size and forecast 2021-2026 ($ million)
- Exhibit 14: Data Table on Global – Market size and forecast 2021-2026 ($ million)
- Exhibit 15: Chart on Global Market: Year-over-year growth 2021-2026 (%)
- Exhibit 16: Data Table on Global Market: Year-over-year growth 2021-2026 (%)
4 Five Forces Analysis
- 4.1 Five forces summary
- Exhibit 17: Five forces analysis – Comparison between 2021 and 2026
- 4.2 Bargaining power of buyers
- Exhibit 18: Chart on Bargaining power of buyers – Impact of key factors 2021 and 2026
- 4.3 Bargaining power of suppliers
- Exhibit 19: Bargaining power of suppliers – Impact of key factors in 2021 and 2026
- 4.4 Threat of new entrants
- Exhibit 20: Threat of new entrants – Impact of key factors in 2021 and 2026
- 4.5 Threat of substitutes
- Exhibit 21: Threat of substitutes – Impact of key factors in 2021 and 2026
- 4.6 Threat of rivalry
- Exhibit 22: Threat of rivalry – Impact of key factors in 2021 and 2026
- 4.7 Market condition
- Exhibit 23: Chart on Market condition – Five forces 2021 and 2026
5 Market Segmentation by End-user
- 5.1 Market segments
- Exhibit 24: Chart on End-user – Market share 2021-2026 (%)
- Exhibit 25: Data Table on End-user – Market share 2021-2026 (%)
- 5.2 Comparison by End-user
- Exhibit 26: Chart on Comparison by End-user
- Exhibit 27: Data Table on Comparison by End-user
- 5.3 BFSI – Market size and forecast 2021-2026
- Exhibit 28: Chart on BFSI – Market size and forecast 2021-2026 ($ million)
- Exhibit 29: Data Table on BFSI – Market size and forecast 2021-2026 ($ million)
- Exhibit 30: Chart on BFSI – Year-over-year growth 2021-2026 (%)
- Exhibit 31: Data Table on BFSI – Year-over-year growth 2021-2026 (%)
- 5.4 IT – Market size and forecast 2021-2026
- Exhibit 32: Chart on IT – Market size and forecast 2021-2026 ($ million)
- Exhibit 33: Data Table on IT – Market size and forecast 2021-2026 ($ million)
- Exhibit 34: Chart on IT – Year-over-year growth 2021-2026 (%)
- Exhibit 35: Data Table on IT – Year-over-year growth 2021-2026 (%)
- 5.5 Telecom – Market size and forecast 2021-2026
- Exhibit 36: Chart on Telecom – Market size and forecast 2021-2026 ($ million)
- Exhibit 37: Data Table on Telecom – Market size and forecast 2021-2026 ($ million)
- Exhibit 38: Chart on Telecom – Year-over-year growth 2021-2026 (%)
- Exhibit 39: Data Table on Telecom – Year-over-year growth 2021-2026 (%)
- 5.6 Retail – Market size and forecast 2021-2026
- Exhibit 40: Chart on Retail – Market size and forecast 2021-2026 ($ million)
- Exhibit 41: Data Table on Retail – Market size and forecast 2021-2026 ($ million)
- Exhibit 42: Chart on Retail – Year-over-year growth 2021-2026 (%)
- Exhibit 43: Data Table on Retail – Year-over-year growth 2021-2026 (%)
- 5.7 Others – Market size and forecast 2021-2026
- Exhibit 44: Chart on Others – Market size and forecast 2021-2026 ($ million)
- Exhibit 45: Data Table on Others – Market size and forecast 2021-2026 ($ million)
- Exhibit 46: Chart on Others – Year-over-year growth 2021-2026 (%)
- Exhibit 47: Data Table on Others – Year-over-year growth 2021-2026 (%)
- 5.8 Market opportunity by End-user
- Exhibit 48: Market opportunity by End-user ($ million)
6 Customer Landscape
- 6.1 Customer landscape overview
- Exhibit 49: Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria
7 Geographic Landscape
- 7.1 Geographic segmentation
- Exhibit 50: Chart on Market share by geography 2021-2026 (%)
- Exhibit 51: Data Table on Market share by geography 2021-2026 (%)
- 7.2 Geographic comparison
- Exhibit 52: Chart on Geographic comparison
- Exhibit 53: Data Table on Geographic comparison
- 7.3 North America – Market size and forecast 2021-2026
- Exhibit 54: Chart on North America – Market size and forecast 2021-2026 ($ million)
- Exhibit 55: Data Table on North America – Market size and forecast 2021-2026 ($ million)
- Exhibit 56: Chart on North America – Year-over-year growth 2021-2026 (%)
- Exhibit 57: Data Table on North America – Year-over-year growth 2021-2026 (%)
- 7.4 Europe – Market size and forecast 2021-2026
- Exhibit 58: Chart on Europe – Market size and forecast 2021-2026 ($ million)
- Exhibit 59: Data Table on Europe – Market size and forecast 2021-2026 ($ million)
- Exhibit 60: Chart on Europe – Year-over-year growth 2021-2026 (%)
- Exhibit 61: Data Table on Europe – Year-over-year growth 2021-2026 (%)
- 7.5 APAC – Market size and forecast 2021-2026
- Exhibit 62: Chart on APAC – Market size and forecast 2021-2026 ($ million)
- Exhibit 63: Data Table on APAC – Market size and forecast 2021-2026 ($ million)
- Exhibit 64: Chart on APAC – Year-over-year growth 2021-2026 (%)
- Exhibit 65: Data Table on APAC – Year-over-year growth 2021-2026 (%)
- 7.6 South America – Market size and forecast 2021-2026
- Exhibit 66: Chart on South America – Market size and forecast 2021-2026 ($ million)
- Exhibit 67: Data Table on South America – Market size and forecast 2021-2026 ($ million)
- Exhibit 68: Chart on South America – Year-over-year growth 2021-2026 (%)
- Exhibit 69: Data Table on South America – Year-over-year growth 2021-2026 (%)
- 7.7 Middle East and Africa – Market size and forecast 2021-2026
- Exhibit 70: Chart on Middle East and Africa – Market size and forecast 2021-2026 ($ million)
- Exhibit 71: Data Table on Middle East and Africa – Market size and forecast 2021-2026 ($ million)
- Exhibit 72: Chart on Middle East and Africa – Year-over-year growth 2021-2026 (%)
- Exhibit 73: Data Table on Middle East and Africa – Year-over-year growth 2021-2026 (%)
- 7.8 US – Market size and forecast 2021-2026
- Exhibit 74: Chart on US – Market size and forecast 2021-2026 ($ million)
- Exhibit 75: Data Table on US – Market size and forecast 2021-2026 ($ million)
- Exhibit 76: Chart on US – Year-over-year growth 2021-2026 (%)
- Exhibit 77: Data Table on US – Year-over-year growth 2021-2026 (%)
- 7.9 India – Market size and forecast 2021-2026
- Exhibit 78: Chart on India – Market size and forecast 2021-2026 ($ million)
- Exhibit 79: Data Table on India – Market size and forecast 2021-2026 ($ million)
- Exhibit 80: Chart on India – Year-over-year growth 2021-2026 (%)
- Exhibit 81: Data Table on India – Year-over-year growth 2021-2026 (%)
- 7.10 China – Market size and forecast 2021-2026
- Exhibit 82: Chart on China – Market size and forecast 2021-2026 ($ million)
- Exhibit 83: Data Table on China – Market size and forecast 2021-2026 ($ million)
- Exhibit 84: Chart on China – Year-over-year growth 2021-2026 (%)
- Exhibit 85: Data Table on China – Year-over-year growth 2021-2026 (%)
- 7.11 UK – Market size and forecast 2021-2026
- Exhibit 86: Chart on UK – Market size and forecast 2021-2026 ($ million)
- Exhibit 87: Data Table on UK – Market size and forecast 2021-2026 ($ million)
- Exhibit 88: Chart on UK – Year-over-year growth 2021-2026 (%)
- Exhibit 89: Data Table on UK – Year-over-year growth 2021-2026 (%)
- 7.12 Germany – Market size and forecast 2021-2026
- Exhibit 90: Chart on Germany – Market size and forecast 2021-2026 ($ million)
- Exhibit 91: Data Table on Germany – Market size and forecast 2021-2026 ($ million)
- Exhibit 92: Chart on Germany – Year-over-year growth 2021-2026 (%)
- Exhibit 93: Data Table on Germany – Year-over-year growth 2021-2026 (%)
- 7.13 Market opportunity by geography
- Exhibit 94: Market opportunity by geography ($ million)
8 Drivers, Challenges, and Trends
- 8.1 Market drivers
- 8.2 Market challenges
- 8.3 Impact of drivers and challenges
- Exhibit 95: Impact of drivers and challenges in 2021 and 2026
- 8.4 Market trends
9 Vendor Landscape
- 9.1 Overview
- 9.2 Vendor landscape
- Exhibit 96: Overview on Criticality of inputs and Factors of differentiation
- 9.3 Landscape disruption
- Exhibit 97: Overview on factors of disruption
- 9.4 Industry risks
- Exhibit 98: Impact of key risks on business
10 Vendor Analysis
- 10.1 Vendors covered
- Exhibit 99: Vendors covered
- 10.2 Market positioning of vendors
- Exhibit 100: Matrix on vendor position and classification
- 10.3 a1qa software testing co.
- Exhibit 101: a1qa software testing co. – Overview
- Exhibit 102: a1qa software testing co. – Product / Service
- Exhibit 103: a1qa software testing co. – Key offerings
- 10.4 Acial
- Exhibit 104: Acial – Overview
- Exhibit 105: Acial – Product / Service
- Exhibit 106: Acial – Key offerings
- 10.5 Cigniti Technologies Ltd.
- Exhibit 107: Cigniti Technologies Ltd. – Overview
- Exhibit 108: Cigniti Technologies Ltd. – Product / Service
- Exhibit 109: Cigniti Technologies Ltd. – Key offerings
- 10.6 Expleo Group SAS
- Exhibit 110: Expleo Group SAS – Overview
- Exhibit 111: Expleo Group SAS – Product / Service
- Exhibit 112: Expleo Group SAS – Key offerings
- 10.7 imbus AG
- Exhibit 113: imbus AG – Overview
- Exhibit 114: imbus AG – Product / Service
- Exhibit 115: imbus AG – Key offerings
- 10.8 Methods and Technology of Systems and Processes SL
- Exhibit 116: Methods and Technology of Systems and Processes SL – Overview
- Exhibit 117: Methods and Technology of Systems and Processes SL – Product / Service
- Exhibit 118: Methods and Technology of Systems and Processes SL – Key offerings
- 10.9 Nomura Research Institute Ltd.
- Exhibit 119: Nomura Research Institute Ltd. – Overview
- Exhibit 120: Nomura Research Institute Ltd. – Business segments
- Exhibit 121: Nomura Research Institute Ltd. – Key offerings
- Exhibit 122: Nomura Research Institute Ltd. – Segment focus
- 10.10 QualiTest Group
- Exhibit 123: QualiTest Group – Overview
- Exhibit 124: QualiTest Group – Product / Service
- Exhibit 125: QualiTest Group – Key offerings
- 10.11 Trigent Software Inc.
- Exhibit 126: Trigent Software Inc. – Overview
- Exhibit 127: Trigent Software Inc. – Product / Service
- Exhibit 128: Trigent Software Inc. – Key offerings
- 10.12 ZenQ
- Exhibit 129: ZenQ – Overview
- Exhibit 130: ZenQ – Product / Service
- Exhibit 131: ZenQ – Key offerings
11 Appendix
- 11.1 Scope of the report
- 11.2 Inclusions and exclusions checklist
- Exhibit 132: Inclusions checklist
- Exhibit 133: Exclusions checklist
- 11.3 Currency conversion rates for US$
- Exhibit 134: Currency conversion rates for US$
- 11.4 Research methodology
- Exhibit 135: Research methodology
- Exhibit 136: Validation techniques employed for market sizing
- Exhibit 137: Information sources
- 11.5 List of abbreviations
- Exhibit 138: List of abbreviations
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