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Global Software Testing Services Market, Forecast to 2024

Global Software Testing Services Market, Forecast to 2024

This Frost & Sullivan research service analyzes the global software testing services market in detail for the period covering 2015 to 2024, with 2018 as the base year. It examines testing services offered to clients across a number of end-user verticals and provides a competitive analysis of the global market participants, including their market shares. Regional analyses are provided for North America, Europe, Middle East and Africa (EMEA), Asia-Pacific (APAC), and Latin America (LATAM). This study also includes a dedicated chapter on the Indian market. This research examines key growth drivers, restraints, and end-user verticals in each region, and provides forecasts for each end-user vertical. It also highlights future growth opportunities and the strategic imperatives that need to be undertaken by market participants in order to capitalize on these growth opportunities. Further, it also includes a CEO's 360 degree perspective.

Research Highlights
In this research service, Frost & Sullivan's analysts examine the combination of application testing and product testing services offered to clients in the following end-user verticals:
Banking, Financial Services, and Insurance (BFSI)
IT and Telecom
Lifesciences and Healthcare
Manufacturing
Energy and Utilities
Retail, consumer goods, and logistics
Others (public sector, transport, travel and hospitality, e-learning, and gaming)

The global software testing services market has been consistently posting double-digit growth and will continue to do so over the forecast period, as end-user demand for specialized testing services continues to rise. While the appeal of traditional testing services is on the decline, the rapid pace of technological advancement and evolving business needs necessitate the use of specialized testing services, especially against the backdrop of digital transformation that is evident across a number of end-user verticals. The evolution of traditional business models to pay-as-you-use business models enhances the appeal of testing services to end users, particularly those with sporadic or seasonal testing needs. With flexibility in pricing, and end-to-end customization offered by testing vendors, a new wave of growth in the software testing services market is evident. Within the ambit of application testing, security testing is another service that is growing by leaps and bounds. With strong double-digit growth expected owing to the shift left philosophy adopted by testing vendors and end users alike, these services are no longer viewed as a premium offering and are considered essential aspects in the software development lifecycle. With artificial intelligence (AI)-based solutions poised to capture the market owing to their ability to use predictive analytics to reduce testing times and efforts, the software testing services market is expected to more than double in size over the forecast period.


  • Executive Summary
    • Key Findings
    • Market Engineering Measurements
    • Executive Summary-CEO's Perspective
  • Market Overview
    • Market Overview-Market Definitions
    • Market Overview-Geographic Scope
    • Market Overview-Research Scope
    • Market Overview-Key Questions this Study will Answer
    • Market Segmentation
  • Drivers and Restraints-Total Software Testing Services Market
    • Market Drivers
    • Drivers Explained
    • Market Restraints
    • Restraints Explained
  • Forecasts and Trends-Total Software Testing Services Market
    • Market Engineering Measurements
      • Table Total Software Testing Services Market: Market Engineering Measurements, Global, 2018
    • Forecast Assumptions
    • Revenue Forecast
      • Table Total Software Testing Services Market: Revenue Forecast, Global, 2015-2024
    • Revenue Forecast Discussion
    • Percent Revenue Forecast by Region
      • Table Total Software Testing Services Market: Percent Revenue Forecast by Region, Global, 2015-2024
    • Revenue Forecast by Region
      • Table Total Software Testing Services Market: Revenue Forecast by Region, Global, 2015-2024
    • Revenue Forecast Discussion by Region
    • Percent Revenue Forecast by End-user Vertical
      • Table Total Software Testing Services Market: Percent Revenue Forecast by End-user Vertical, Global, 2015-2024
    • Revenue Forecast by End-user Vertical
      • Table Total Software Testing Services Market: Revenue Forecast by End-user Vertical, Global, 2015-2024
    • Revenue Forecast Discussion by End-user Vertical
  • Market Share and Competitive Analysis-Total Software Testing Services Market
    • Market Share
    • Market Share Analysis
      • Table Total Software Testing Services Market: Market Share Analysis of Top 5 Participants, Global, 2018
    • Competitive Environment
    • Top Competitors
    • Competitor Growth Analysis
    • Competitive Factors and Assessment
  • Business Model Analysis
    • Key Competitive Differentiators
    • Popular Business Models
    • Evolution of Business Models
    • Pricing Model Approach for Service Packages
  • Growth Opportunities and Companies to Action
    • Growth Opportunity 1-Specialized Testing Services
    • Growth Opportunity 2-Application Security Testing
    • Growth Opportunity 3-Flexible Pricing Models
    • Growth Opportunity 4-Test Automation
    • Strategic Imperatives for Success and Growth
  • CEO's 360 Degree Perspective on the Software Testing Services Market
    • CEO's 360 Degree Perspective
  • Application Security Testing
    • Key Findings
    • Revenue Forecast
      • Table Application Security Testing Services Market: Revenue Forecast, Global, 2015-2024
    • Revenue Forecast Discussion
    • Percent Revenue Forecast by Segment
      • Table Application Security Testing Services Market: Percent Revenue Forecast by Segment, Global, 2015-2024
    • Revenue Forecast by Segment
      • Table Application Security Testing Services Market: Revenue Forecast by Segment, Global, 2015-2024
    • Revenue Forecast Discussion by Segment
    • Market Share
    • Market Share Analysis
    • Market Shares by Segment
    • Market Share Analysis by Segment
  • Software Testing Services Market-North America
    • Key Findings
    • Revenue Forecast
      • Table Software Testing Services Market: Revenue Forecast, North America, 2015-2024
    • Revenue Forecast Discussion
    • Percent Revenue Forecast by End-user Vertical
      • Table Software Testing Services Market: Percent Revenue Forecast by End-user Vertical, North America, 2015-2024
    • Revenue Forecast by End-user Vertical
      • Table Software Testing Services Market: Revenue Forecast by End-user Vertical, North America, 2015-2024
    • Revenue Forecast Discussion by End-user Vertical
    • Market Share
    • Market Share Analysis
      • Table Software Testing Services Market: Market Share Analysis of Top 5 Participants, North America, 2018
    • Competitive Environment
  • Software Testing Services Market-EMEA
    • Key Findings
    • Revenue Forecast
      • Table Software Testing Services Market: Revenue Forecast, EMEA, 2015-2024
    • Revenue Forecast Discussion
    • Percent Revenue Forecast by End-user Vertical
      • Table Software Testing Services Market: Percent Revenue Forecast by End-user Vertical, EMEA, 2015-2024
    • Revenue Forecast by End-user Vertical
      • Table Software Testing Services Market: Revenue Forecast by End-user Vertical, EMEA, 2015-2024
    • Revenue Forecast Discussion by End-user Vertical
    • Market Share
    • Market Share Analysis
      • Table Software Testing Services Market: Company Market Share Analysis of Top 5 Participants, EMEA, 2018
    • Competitive Environment
  • Software Testing Services Market-APAC
    • Key Findings
    • Revenue Forecast
      • Table Software Testing Services Market: Revenue Forecast, APAC, 2015-2024
    • Revenue Forecast Discussion
    • Percent Revenue Forecast by End-user Vertical
      • Table Software Testing Services Market: Percent Revenue Forecast by End-user Vertical, APAC, 2015-2024
    • Revenue Forecast by End-user Vertical
      • Table Software Testing Services Market: Revenue Forecast by End-user Vertical, APAC, 2015-2024
    • Revenue Forecast Discussion by End-user Industry
    • Market Share
    • Market Share Analysis
      • Table Software Testing Services Market: Market Share Analysis of Top 5 Participants, APAC, 2018
    • Competitive Environment
  • Software Testing Services Market-India
    • Key Findings
    • Revenue Forecast
      • Table Software Testing Services Market: Revenue Forecast, India, 2015-2024
    • Revenue Forecast Discussion
    • Percent Revenue Forecast by End-user Vertical
      • Table Software Testing Services Market: Percent Revenue Forecast by End-user Vertical, India, 2015-2024
    • Revenue Forecast by End-user Vertical
      • Table Software Testing Services Market: Revenue Forecast by End-user Vertical, India, 2015-2024
    • Revenue Forecast Discussion by End-user Industry
    • Market Share
    • Market Share Analysis
      • Table Software Testing Services Market: Market Share Analysis of Top 5 Participants, India, 2018
    • Competitive Environment
  • Software Testing Services Market-LATAM
    • Key Findings
    • Revenue Forecast
      • Table Software Testing Services Market: Revenue Forecast, LATAM, 2015-2024
    • Revenue Forecast Discussion
    • Percent Revenue Forecast by End-user Vertical
      • Table Software Testing Services Market: Percent Revenue Forecast by End-user Vertical, LATAM, 2015-2024
    • Revenue Forecast by End-user Vertical
      • Table Software Testing Services Market: Revenue Forecast by End-user Vertical, LATAM, 2015-2024
    • Revenue Forecast Discussion by End-user Vertical
    • Market Share
    • Market Share Analysis
      • Table Software Testing Services Market: Market Share Analysis of Top 5 Participants, LATAM, 2018
    • Competitive Environment
  • The Last Word
    • The Last Word-3 Big Predictions
  • Appendix
    • Market Engineering Methodology
    • Partial List of Companies Interviewed

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