Software Testing Market 2023-2032; Growth Forecast & Industry Share Report
As per a recent research report, Software Testing Market to surpass USD 90 Bn by 2032.
Global Software Testing Market is slated to observe considerable gains through 2032, owing to the surging focus of government authorities and OEMs on autonomous driving technology. The growing development of autonomous vehicles has increased the focus of software testing service providers on developing advanced computing chipsets and high-end software equipped with automation technologies for the vehicle's superior performance.
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components, the software testing industry from the services segment is expected
to grow at a substantial CAGR from 2023 to 2032, owing to the growing focus of
companies on enhancing their professional services. Citing an instance, in
January 2022, NTT DATA Business Solutions, a leading IT service management
firm, inked a deal with Tricentis, an Austrian software firm, to offer the
benefits of advanced test automation services to its clients. The new deal
makes NTT DATA Business Solutions Nordic a re-seller and implementation partner
of the Tricentis platform.
Based on type,
the software testing industry from the pureplay software testing segment is
slated to record a valuation of more than USD 30 billion by 2032, on account of
the growing demand for customized software testing services. Pureplay software
testing involves developing products to cater to a specific industry and
marketing them over the Internet for clients. Moreover, it minimizes the
company's expenses and offers great flexibility by tailoring the solutions to
the client's needs.
In terms of application,
the software testing industry from the healthcare segment is anticipated to
accrue lucrative gains through 2032, owing to growing consumer preference for
digital health services such as wearable medical devices, electronic health
records, and others. As per IBEF, the medical device industry in the country is
expected to reach USD 50 billion by 2025. For wearable medical devices,
software testing helps assess reliability, user experience, and safety.
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From the regional perspective, Europe
software testing market is poised to grow at a considerable CAGR from 2023 to
2032, owing to the surging adoption of electric vehicles. As per the
International Energy Agency, in 2021, electric cars made up 17% of the region's
automobile sales. Moreover, software testing is heavily employed in electric
vehicles for the diagnosis of EV batteries, circuitries, and thermal systems
for the rectification of unexpected issues before the manufacturing phase.
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