Global Cloud Testing Market (2021-2027) by Component, Vertical, and Geography, IGR Competitive Analysis, Impact of Covid-19, Ansoff Analysis

Global Cloud Testing Market (2021-2027) by Component, Vertical, and Geography, IGR Competitive Analysis, Impact of Covid-19, Ansoff Analysis

Introduction

The Global Cloud Testing Market is estimated to be USD 9.7 Bn in 2021 and is expected to reach USD 21.74 Bn by 2027, growing at a CAGR of 13.5%.

Market Dynamics

Drivers

• Rapidly Growing Cloud Adoption
• Flexible and Scalable Delivery Model
• Reduced Cost of Ownership

Restraints

• Stringent Government Rules and Regulations

Opportunities

• Advancements in IoT and Machine Learning Technologies
• Increasing Demand for Devops and Agile Practices for SDLC

Challenges

• Data Security Concerns
• Lack of Skilled Cloud Testing Professionals

Segments Covered

By Component, the Tool Type segment is expected to hold the highest market share during the forecast period. The growth of the segment is because the tools/platforms assist organizations in carrying out the testing process on the cloud seamlessly. Testing tools are cost-effective and offer functionalities like mobile and web performance testing, web and mobile functional testing.

By Vertical, Retail and eCommerce holds the maximum share during the forecast period. Cloud testing solutions enable retailers and e-commerce businesses to offer seamless and efficient services to their consumers. Technological innovations in customer analytics in brick-and-mortar retail stores are contributing to the growth of the market. These enterprises need to keep a daily check on the digital applications, web services, and APIs that run their websites by monitoring their performance.

By Geography, North America is projected to lead the market. The enterprises in this region are cloud-based, which requires frequent maintenance and testing services. Most cloud testing solution and service providers are present in the North American region, and therefore, the competition is tough among the major market players.

The Global Cloud Testing Market is segmented further based on Component, Vertical, and Geography.

Company Profiles

Some of the companies covered in this report are Oracle, IBM, CA Technologies, Soasta, Xamarin, Cognizant, Capgemini, Cigniti, Smartbear Software, etc.

IGR Competitive Quadrant

The report includes IGR Competitive Quadrant, a proprietary tool to analyze and evaluate the position of companies based on their Industry Position score and Market Performance score. The tool uses various factors for categorizing the players into four categories. Some of these factors considered for analysis are financial performance over the last 3 years, growth strategies, innovation score, new product launches, investments, growth in market share, etc.

Why buy this report?

The report offers a comprehensive evaluation of the Global Cloud Robotics Market. The report includes in-depth qualitative analysis, verifiable data from authentic sources, and projections about market size. The projections are calculated using proven research methodologies.
The report has been compiled through extensive primary and secondary research. The primary research is done through interviews, surveys, and observation of renowned personnel in the industry.
The report includes in-depth market analysis using Porter’s 5 force model and the Ansoff Matrix. The impact of Covid-19 on the market is also featured in the report.
The report also contains the competitive analysis using IGR Competitive Quadrant, Infogence’s proprietary competitive positioning tool.

Report Highlights:

• A complete analysis of the market including parent industry
• Important market dynamics and trends
• Market segmentation
• Historical, current, and projected size of the market based on value and volume
• Market shares and strategies of key players
• Recommendations to companies for strengthening their foothold in the market