The latest Cloud Testing market research report is a compilation of the latest growth trends and the emerging market segments. The report adeptly draws reader’s attention to the ever-changing patterns of the Cloud Testing industry and its prominent facets, infrastructural properties, and highly dynamic environment. The report lists down some critically important parameters that help the market bolster its global foothold and contribute substantially to future revenue generation. Our team of experts has included specific details related to the Cloud Testing industry, such as product offerings, sales and revenue estimates, leading regions, key market contenders, and technological upgradation in the report.
The global cloud testing market size is expected to reach USD 21.67 Billion in 2028 and register a steady CAGR over the forecast period, according to latest analysis by Emergen Research. Global cloud testing market revenue growth is driven by key factors such as rising application of cloud computing technologies, steady digital transformation trend, and increasing need to test the security and scalability of cloud infrastructure. Cloud testing solutions are also known as cloud-based testing solutions. These are a form of software testing that monitors physical as well as virtual components that include storage, web application, network performance, security, scalability, and reliability.
Cloud testing can be divided into four main categories based on the user’s requirements such as testing the entire cloud, testing elements within a cloud, testing across clouds, and SaaS testing. Testing the entire cloud involves testing based on specific features of the cloud infrastructure. Retail and e-commerce segment accounted for largest revenue share in the global market in 2020. Rising need for frequent security monitoring, load, and performance testing of web based applications are some major factors driving revenue growth of this segment.
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The report by Emergen Research, titled ‘Global Cloud Testing Market,’ studies a wide spectrum of factors impacting the performance of the Cloud Testing market. The report includes a historical analysis of the market from 2017 to 2018 to provide the reader with a deep understanding of the current market scenario. Moreover, it offers accurate market estimations for the forecast period (2019-2028).
The report is the latest document encompassing the profound changes in the market dynamics and trends that followed the COVID-19 outbreak. The global health crisis has led to massive changes in the global economic scenario and, particularly, this business sphere. The pandemic has drastically affected the Cloud Testing market with disruptions to supply chains and volatility in prices and demands. The remarkable impact of the pandemic on the Cloud Testing industry and its crucial segments has been depicted in the report. However, the market is expected to regain momentum in the post-COVID scenario, as per market experts.
The research offers an in-depth survey about the performance of each key player in the Cloud Testing market. It provides information about their current advancements and key market strategies. The Cloud Testing report also aims to provide additional information about suppliers, buyers, and manufacturers. The study offers a comprehensive analysis of market share, consumption, growth rate, and product type, and application growth. It further offers comprehensive coverage of the strategic alliances such as mergers and acquisitions, joint ventures, collaborations, product launches, brand promotions, and partnerships, among others. The company profiles of the established and new players have also been assessed in the Cloud Testing report through effective analytical tools like SWOT analysis.
Top key Companies in Cloud Testing Market are:
IBM, Oracle, CA Technologies, Micro Focus, SmartBear Software, SOASTA, Xamarin, Cygnet Infotech, Cavisson Systems, and Cigniti Technologies Limited.
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The report further segments the Cloud Testing market on the basis of product types and application spectrum offered in the market. The report also offers insights into the segment expected to show significant growth over the projected period. The study focuses on the growth rate of every segment and is explained through detailed graphs, figures, charts, and tables. These segments are analysed on the basis of present, emerging, and future trends. The regional segmentation provides current and forecast demand estimation for the Cloud Testing industry in key regions.
For the purpose of this report, Emergen Research has segmented the global cloud testing market based on component, organization size, and end-use, and region:
- Component Outlook (Revenue, USD Billion; 2018–2028)
- Testing Platforms and Tools
- Functional Testing Tools
- Performance or Load Testing Tools
- GUI Testing Tools
- API Testing Tools
- Service Virtualization Tools
- Cross Browser Testing Tools
- Professional Services
- Managed Services
- Testing Platforms and Tools
- Organization Size Outlook (Revenue, USD Billion; 2018–2028)
- Small and Medium Enterprises
- Large Enterprises
- End-Use Outlook (Revenue, USD Billion; 2018–2028)
- Retail and E-Commerce
- IT and Telecom
- Media and Entertainment
Some Key Findings From the Report:
- In March 2021, Tricentis acquired Neotys. This acquisition will help Tricentis to accelerate digital transformation of enterprises with the help of automated software testing.
- Testing platforms and tools segment is expected to register a 13.6% CAGR throughout the forecast period. This can be attributed to rising need for functional testing and performance testing in IT and telecom sectors.
- Asia Pacific is expected to register the fastest revenue CAGR throughout the forecast period. Development of retail, IT and telecom industry, rising investment in cloud network infrastructure, and growing adoption of cloud computing solutions are some key factors propelling revenue growth of the market in this region.
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The report gives a comprehensive analysis of the Cloud Testing market at the global and regional level, and the forecast has been presented in terms of value and price for the period of 8 years from 2020-2027. The report covers an extensive study of the market drivers and restraints on the global scale and provides an impact analysis of those market drivers and restraints on the demand and supply ratio for the Cloud Testing market throughout the forecast period.
The complete regional analysis covers:
- North America (U.S., Canada, Mexico)
- Europe (U.K., Italy, Germany, France, Rest of EU)
- Asia Pacific (India, Japan, China, South Korea, Australia, Rest of APAC)
- Latin America (Chile, Brazil, Argentina, Rest of Latin America)
- Middle East & Africa (Saudi Arabia, U.A.E., South Africa, Rest of MEA)
The Global Cloud Testing Market is formulated through extensive primary and secondary research, which is further validated and verified by industry experts and professionals. SWOT analysis and Porter’s Five Forces Analysis are used to examine and assess the market and its players. Moreover, the report also offers a feasibility study and investment return analysis to assist the readers in making strategic investment plans.
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Key takeaways of the Global Cloud Testing Market report:
- The report sheds light on the fundamental Cloud Testing market drivers, restraints, opportunities, threats, and challenges.
- It elaborates on the new, promising arenas in the leading Cloud Testing market regions.
- It examines the latest research & development projects and technological innovations taking place in the key regional segments.
- The research report reviews the regulatory framework for creating new opportunities in various regions of the Cloud Testing market
- It focuses on the new revenue streams for the players in the emerging Cloud Testing markets.
- Furthermore, the report offers vital details about the rising revenue shares and the sizes of the key product segments.
Overview of the TOC of the Report:
- Introduction, Scope, and Overview
- Opportunities, Risks, and Drivers
- Competition landscape analysis with sales, revenue, and price
- Extensive Profiling of the Cloud Testing key competitors with the sales figures, revenue, and market share
- Regional analysis with sales, revenue, and market share for each region for the forecast period
- Country-wise analysis of the Cloud Testing market by type, application, and manufacturers
- Cloud Testing Market Segmentation based on types
- Cloud Testing Market segmentation based on applications
- Historical and forecast estimation
Company Name: Emergen Research
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