LONDON--(BUSINESS WIRE)--The global stress testing solutions market is expected to post a CAGR of close to 21% during the period 2019-2023, according to the latest market research report by Technavio. Request a free sample report
Smartphone penetration has been increasing at a significant rate in emerging economies such as Brazil, China, Indonesia, India, and Argentina. Thus, companies have shifted to a mobile-first strategy and increased investments in mobile application development. With the increasing adoption of digital media on mobile devices, there is a significant need for stress testing solutions to enhance the performance and functionality of mobile applications. Stress testing solutions allow companies to determine the amount of load and stress their business applications can handle.
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As per Technavio, the emergence of AI-based stress testing will have a positive impact on the market and contribute to its growth significantly over the forecast period. This research report also analyzes other important trends and market drivers that will affect market growth over 2019-2023.
Global Stress Testing Solutions Market: Emergence of AI-based Stress Testing
The market is witnessing the incorporation of AI technologies in the testing solution to enhance functionalities. This is mainly because of the potential of AI technology to provide benefits such as faster time-to-market, reduction in software testing complications, increase in depth and scope of test results, and improved accuracy. Thus, the demand for AI-enabled stress testing solutions is expected to surge during the forecast period, thereby, fueling the growth of the stress testing solutions market.
“Apart from the emergence of AI-based stress testing, other factors such as the increasing demand for outsourced testing services, and growing adoption of automation services will have a significant impact on the stress testing solutions market growth during the forecast period,” says a senior analyst at Technavio.
Global Stress testing solutions Market: Segmentation Analysis
This market research report segments the global stress testing solutions market by product (application testing and product testing), and geographic regions (North America, Europe, APAC, South America, and MEA).
The North America region led the stress testing solutions market in 2018, followed by Europe, APAC, South America, and MEA, respectively. The growth of the stress testing solutions market share in North America can be attributed to factors such as the development of AI-based testing solutions and the emergence of new software delivery and development models such as CI/CD and agile methodology.
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Some of the key topics covered in the report include:
- Market ecosystem
- Market characteristics
- Market segmentation analysis
- Market definition
- Market size and forecast
Five Forces Analysis
- Regional comparison
- Key leading countries
- Vendors covered
- Vendor classification
- Market positioning of vendors
- Competitive scenario
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