Analyst Predicts the Global Software Testing Services Market to grow at a CAGR of close to 11% during 2016-2020: Top Vendors are IBM, Wipro, Accenture, Capgemini

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Market outlook of Software Testing Services
Technavios research analyst predicts the global software testing services market to grow at a CAGR of close to 11% during the forecast period. One of the key drivers for the growth of the market is the growing popularity of crowdsourced testing. Crowdsourcing is a collective effort from people working in different locations on a single online project. Crowdsourced testing has gained immense popularity over the years because it is the only testing process that offers real-time feedback on product development, provide insights about the quality of the product, and helps tester detect bugs and defects over the software testing life cycle.

Industry-specific testing services offerings is another significant trend that is envisaged to propel the growth of the software testing services market during the forecast period. Recent developments have driven companies to align testing services into vertical specializations, which has gained popularity over the years. For instance, Infosys, one of the key players in the global software development market, offers testing services through various specialized practices, such as healthcare, insurance, and retail validation and testing practice.

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Product segmentation and analysis of the software testing services market
Application testing services
Product testing services

At present, the application testing services segment dominates the software testing services market, with a market share of over 88%. The growth of this segment is projected to continue over the next five years due to an increase in application verticalization specific to a concentrated user base. The growing consumerization of IT has encouraged companies to develop versatile applications to strengthen their presence and engage customers.

Segmentation by end-users and analysis of the software testing services market
BFSI
Financial services
Media
Telecommunications
Others

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Table of Content

PART 01:Executive summary
Highlights
PART 02:Scope of the report
Market overview
Top-vendor offerings
PART 03:Market research methodology
Research methodology
Economic indicators
PART 04:Introduction
Key market highlights
PART 05:Market landscape
Market overview
Requirement analysis
Test planning
Test designing
Test execution
Defect fixing
Test closure and reporting
Market size and forecast
Five forces analysis
PART 06:Market segmentation by application
Segmentation of global software testing services market by product category
Global application testing services market
Market size and forecast
Global product testing services market
Market size and forecast

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