LONDON--(BUSINESS WIRE)--Technavio has been monitoring the pure play software testing services market and it is poised to grow by USD 6.05 billion during 2020-2024, progressing at a CAGR of over 15% during the forecast period. The report offers an up-to-date analysis regarding the current market scenario, latest trends and drivers, and the overall market environment.
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The market is fragmented, and the degree of fragmentation will accelerate during the forecast period. Cigniti Technologies Ltd., DXC Technology Co., Expleo Group SAS, imbus AG, Inspearit, Planit Test Management Solutions Pty. Ltd., QA InfoTech, QualiTest Ltd., Trigent Software Inc., and ZenQ are some of the major market participants. The evolution of software testing labs will offer immense growth opportunities. To make the most of the opportunities, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.
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The evolution of software testing labs has been instrumental in driving the growth of the market.
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Pure Play Software Testing Services Market 2020-2024: Segmentation
Pure Play Software Testing Services Market is segmented as below:
- North America
- South America
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Pure Play Software Testing Services Market 2020-2024: Scope
Technavio presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources. The pure play software testing services market report covers the following areas:
- Pure Play Software Testing Services Market Size
- Pure Play Software Testing Services Market Trends
- Pure Play Software Testing Services Market Analysis
This study identifies the need for cost reduction and faster time-to-market as one of the prime reasons driving the pure play software testing services market growth during the next few years.
Technavio suggests three forecast scenarios (optimistic, probable, and pessimistic) considering the impact of COVID-19. Technavio’s in-depth research has direct and indirect COVID-19 impacted market research reports.
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Pure Play Software Testing Services Market 2020-2024: Key Highlights
- CAGR of the market during the forecast period 2020-2024
- Detailed information on factors that will assist pure play software testing services market growth during the next five years
- Estimation of the pure play software testing services market size and its contribution to the parent market
- Predictions on upcoming trends and changes in consumer behavior
- The growth of the pure play software testing services market
- Analysis of the market’s competitive landscape and detailed information on vendors
- Comprehensive details of factors that will challenge the growth of pure play software testing services market vendors
Table of Contents:
- Market Overview
- Market ecosystem
- Value chain analysis
- Market definition
- Market segment analysis
- Market size 2019
- Market outlook: Forecast for 2019 - 2024
Five Forces Analysis
- Five forces summary
- Bargaining power of buyers
- Bargaining power of suppliers
- Threat of new entrants
- Threat of substitutes
- Threat of rivalry
- Market condition
Market Segmentation by End-user
- Market segments
- Comparison by End user
- BFSI - Market size and forecast 2019-2024
- IT - Market size and forecast 2019-2024
- Telecom - Market size and forecast 2019-2024
- Retail - Market size and forecast 2019-2024
- Others - Market size and forecast 2019-2024
- Market opportunity by End user
- Geographic segmentation
- Geographic comparison
- North America - Market size and forecast 2019-2024
- Europe - Market size and forecast 2019-2024
- APAC - Market size and forecast 2019-2024
- South America - Market size and forecast 2019-2024
- MEA - Market size and forecast 2019-2024
- Key leading countries
- Market opportunity by geography
- Landscape disruption
- Vendors covered
- Market positioning of vendors
- Cigniti Technologies Ltd.
- DXC Technology Co.
- Expleo Group SAS
- imbus AG
- Planit Test Management Solutions Pty. Ltd.
- QA InfoTech
- QualiTest Ltd.
- Trigent Software Inc.
- Scope of the report
- Currency conversion rates for US$
- Research methodology
- List of abbreviations
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