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  • Automation Testing Market worth $19.27 Billion by 2023- Report by MarketsandMarkets™

    (I-SoftwareNews.Com, October 11, 2018 ) According to the new market research report "Automation Testing Market by Technology (IoT, AI, and Big Data), Testing Type (Functional, Performance, Compatibility, and Security), Service (Advisory & Consulting, Managed, and Implementation), Endpoint Interface, and Region - Global Forecast to 2023", The automation testing market size is expected to grow from USD 8.52 Billion in 2018 to USD 19.27 Billion by 2023, at a Compound Annual Growth Rate (CAGR) of 17.7% during the forecast period (2018–2023).

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    The major factors that are expected to drive the growth of the automation testing market include the increasing mobile devices and technologies and DevOps methdology. In addition, digital transformation of testing, and increase in Return on Investment (RoI) from automation testing are some of the factors that are expected to drive the market growth.

    The non-functional testing segment is expected to be the fastest-growing testing type in the automation testing market during the forecast period

    Non-functional testing comprises evaluating a system’s performance under load, testing its security, and verifying the disaster recovery procedures and infrastructure placed to go live. This testing mostly deals with the quality of software or applications to be developed and deployed. Automation of non-functional testing enables testers to further enhance the quality of the software, thereby reducing the testing maintenance costs.

    Browse and in-depth TOC on "Automation Testing Market"

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    The implementation service segment is expected to hold the largest market share in the automation testing market during the forecast period

    Implementation services help provide assistance in test case methodologies, creating customized technical controls and steering technologies, and test data analysis. These services comprise customer-specific extensions and integrations, installations, and roll out services. Moreover, implementation services are an important aspect of executing automation testing, as they help implement new versions of automation testing tools as well as integrate those tools with the traditional testing ecosystem.

    North America is expected to have the largest market share in the automation testing market during the forecast period

    North America is expected to have the largest market share in the global automation testing market, due to the presence of sustainable and well-established economies in this region, which empowers it to invest strongly in Research and Development (R&D) activities. The continuous spread of digital transformation across various verticals, and the growing convergence of different technologies, such as Artificial Intelligence (AI), machine learning, Internet of Things (IoT), and analytics, have created an impact in the region and led to an increase in the IT budget as compared to the previous year. According to the World Quality Report 2017–2018, 90% respondents in the US and 69% in Canada have seen an increase in their organization budget for QA and testing. With technological advancements, the other most noticeable trend in the region is the adoption of agile and DevOps methodologies among enterprises. According to the World Quality Report 2017–2018, the most popular agile framework adoption in the region include Scrum, SAFe, Dynamic Systems Development Method (DSDM), and hybrid models. These models ensure that organizations are focusing on speed and time-to-market, and have led to the creation of a small, integrated team that can handle tasks related to testing.

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    Some of the major vendors in the automation testing market include as IBM (US), CA Technologies (US), Microsoft (US), SmartBear Software (US), and Parasoft (US).

    About MarketsandMarkets™

    MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies’ revenues. Currently servicing 7500 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their painpoints around revenues decisions.

    Our 850 fulltime analyst and SMEs at MarketsandMarkets™ are tracking global high growth markets following the "Growth Engagement Model – GEM". The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write "Attack, avoid and defend" strategies, identify sources of incremental revenues for both the company and its competitors. MarketsandMarkets™ now coming up with 1,500 MicroQuadrants (Positioning top players across leaders, emerging companies, innovators, strategic players) annually in high growth emerging segments. MarketsandMarkets™ is determined to benefit more than 10,000 companies this year for their revenue planning and help them take their innovations/disruptions early to the market by providing them research ahead of the curve.

    MarketsandMarkets’s flagship competitive intelligence and market research platform, "Knowledge Store" connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets.


    Mr. Shelly Singh


    Source: EmailWire.Com


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