Software Testing Tool Market Overview
The Software Testing Tool Market size was valued at USD 2.48 Billion in 2023 and is projected to reach USD 4.6 Billion by 2032, registering a CAGR of 7.11% from 2023 to 2032.
Software testing is the process of validating and confirming that software is bug-free and satisfies all the technical requirements coded by its designer or developer. In addition, software testing tools are used for testing software. Moreover, software testing tools are utilized to ensure firmness, performance, and thoroughness in testing software products. Furthermore, the standard of software is estimated by software testers with the help of various testing tools hence promoting the growth of software testing tools during the period of forecast. People are getting more adopted to web-based applications for remote working. Moreover, to enhance the performance of web-based applications, AI-based solutions intensify visual validation, high accuracy, and flexibility in the software testing process.
Due to rising technological development in artificial intelligence, robotics, and machine learning is strengthening the expansion of the software testing tool market in the period of forecast. According to Statista, in 2020 more than 2 billion individuals purchased products and services online, and throughout 2020, e-retail sales have surpassed US$4.2 trillion globally. With this whopping number of individuals choosing software-based online applications to buy goods and services the demand for software testing tools have sprung significantly thus propelling software testing tools market growth in the period of forecast.
Market Dynamics And Key Factors In Software Testing Tool Market
Drivers:
The growing software industry and rapid spur in demand for AI-based solution is the major driving factor for software testing tool market. Moreover, to avoid repetitive work such as regression tests, entering the same data multiple times, checking coding standards, or creating a specific test database which done manually consumes a considerable amount of time. Furthermore, with the use of several testing tools, this repetitive work can be done within minutes thus supporting the expansion of the market throughout the forecast period. Due to growing consumer interest in digital services like telemedicine, online banking, UPI, online shopping, online learning, and watching shows on web-based mobile apps is going to propel the software testing tool market in the span of the forecast. Moreover, these digital services are highly dynamic owing to changing consumer preferences, and to meet the consumer demand these digital services are constantly updating their products and services hence giving a demand for continual software testing and development of the mobile apps.
BFSI (Banking Financial Services and Insurance) domain is significantly dependent on the software-based products to have stable and well-performing applications and ensure an error-free and smooth customer experience. Moreover, for the customers to have a safe and secure transaction, the demand for software testing tools is rapidly increasing in the BFSI domain hence driving the software testing tools market throughout the forecast period.
Restraints:
Unrealistic expectations from tools are one of the most critical threats associated with software testing tools. Moreover, when a company buys a new software testing tool it should have individuals who can utilize the apparatus in different ways to make it valuable. A new tool comes with some special challenges and the company should have a skilled tester to overcome these challenges thus lack of knowledge about testing tools is the main restrain that is going to hinder the market growth in the period of forecast. Software testing tools do not ensure 100% accuracy. Individuals rely on software testing tools a lot for corrections and bug fixing but a few tests are still better carried out if they are done manually. Miscalculation of time and efforts required for the new tool to unleash its benefits is a time-consuming and tedious process and requires investment for correct utilization and to accomplish goals. These mentioned factors are thus restricting the market growth.
Opportunities:
Revolution in the banking sector and booming IT sectors are providing opportunities for market players to develop software testing tools according to the need of the respective sector. Many governments provide scholarships and online learning for the student on software-based applications so that local students can have access to higher knowledge thus providing opportunities for market players. The rapidly growing technology use and dependence of people's jobs, entertainment, comfort, decisions, and their day-to-day lives on computer software make software testing very important. These mentioned factors are offering market players ample opportunities.
Future Trends in Software Testing Tools Market:
Due to changing dynamics, it is expected that fascinating trends, strategies, and different software testing models to develop in the future. According to QA Madness, some of the upcoming technologies to watch out for are Artificial Intelligence and Machine Learning, Blockchain Testing, Agile and DevOps, QAOps, Big Data Testing, Internet of Things (IoT) Testing, Chatbot Testing, Security Testing, Shift-Left Testing, Combination of Automation and Manual Testing, Scriptless Tools, and Selenium 4. In which some of the major trends are, Artificial Intelligence in combination with Machine Learning this can revolutionize data testing and revamp bug detection algorithms. With the use of this innovative technology, many manual testing operations are likely to be substituted with automation to ensure quality assurance resources more efficiently.
The most booming market technology is a record-keeping database, the most famous example of it is the Bitcoin system. Collaborating with Agile tools with DevOps methodologies is ensuring software testers with greater advantages.
Market Segmentation
Segmentation Analysis of Software Testing Tool Market:
Based on Product Type, the software testing tools market is segmented into application testing and product testing. The application testing segment is expected to lead the market in the span of the forecast. The growing number of mobile applications and continuous up-gradation by software developers to offer error-free and bug-free applications for users is propelling the demand for application testing tools. Recently merchants, restaurants, and pharmacy stores have launched mobile apps in their domain respectively to reach customers remotely hence increasing the number of mobile apps is propelling the demand for application testing tools.
Based on Enterprise Size, the software testing market is segmented into large enterprises and small enterprises. Large enterprises are anticipated to dominate the software testing tools market in the forecast period owing to the wide range of products and applications they provide. According to Statista, Amazon is the biggest online retail enterprise that registered 5.2 billion visitors in June 2020 hence to provide a smooth interference for customers they are continually updating and testing their software applications and products hence supporting the expansion of the software testing tools market. Moreover, the high presence of small enterprises and their adoption of software technology to generate software-based hardware and systems for their clients is remarkable.
Based on Tools Type, agile testing tools are predicted to have the highest share size in the software testing tools market. Agile testing tools saves times and money and it also ensures better collaboration and consistent communication among the development and testing teams due to these qualities 87% of the companies use agile software testing tools for development testing model. Moreover, 82% of companies use agile tools for exploratory testing, as per QA Leads. After agile testing tools, regression testing tools have the second-highest market owing to qualities such as early detection and elimination of bugs in the software development cycle.
Based on Application Type, BFSI (Banking Financial Services and Insurance) segment is expected to dominate the software testing tools market throughout the forecast period. Due to the increasing use of digital software platforms in banking applications the demand for hassle-free, instantaneous, and error-free transactions has considerably grown in past few years. According to Boku, a fintech pioneering company in partnership with Juniper Research stated that globally the number of mobile wallet users is expected to reach 4.8 billion by 2025 from 2.8 billion in 2020.
Regional Analysis of Software Testing Tool Market:
Depending on geography, the software testing tool market is segmented into five regions such as North America, South America, Asia-Pacific, Middle East, and Africa and South America. North America region is anticipated to dominate the market in the period of forecast owing to the development in the technology sector and the number of software testing tools providers in the region. Moreover, the adoption of software-based applications in industries such as healthcare, manufacturing, IT, and other sectors is further going to support the market expansion in the North American region.
North America followed by the Europe region is expected to have a significant growth in the software testing tool market owing to rising demand for cloud-based testing services. Moreover, the increasing leaning towards software automation is the key factor propelling the market growth in this region. Asia-Pacific region is expected to have the highest growth rate in the period of forecast owing to the government policies supporting the usage of mobile and net banking. To provide online and seam-less education to students in countries such as India and China app developers are escalating the utilization of software testing tools. Middle-East and Africa's region is expected to have considerable growth owing to the developing IT sector in this region.
Players Covered in Software Testing Tool Market are:
- Cognizant (US)
- SmartBear Software (US)
- Ranorex GmbH (US)
- UserTesting (US)
- QMetry Inc (US)
- Sauce Labs Inc (US)
- Astegic Inc (US)
- Denim Group (US)
- Amdocs (US)
- NowSecure (US)
- CGI Inc (Canada)
- Test Collab (Canada)
- Micro Focus (UK)
- eggplant (UK)
- Accenture (Ireland)
- froglogic GmbH (Germany)
- TestMonitor (Netherlands)
- Tricentis (Austria)
- H.S PractiTest (Israel)
- Cigniti Technologies Limited (India) ,and Other Major Players.
Key Industry Development in Software Testing Tool Market
- In November 2024, BrowserStack, the leading software testing platform, launched Low Code Automation, a groundbreaking solution that simplifies test automation for QA teams, developers, and citizen testers. Addressing challenges such as slow manual testing and the need for coding skills, this innovative tool allows users to create AI-driven automated tests without writing code. BrowserStack's Low Code Automation empowers teams to improve efficiency and accelerate release cycles.
- In December 2024, TestWheelā¢ proudly announces the launch of its cloud-based software test automation platform. Designed to meet the demands of high-speed agile development, TestWheelā¢ enables enterprise systems to execute structured manual and automated tests simultaneously. Its script-less automated testing begins with development unit tests, ensuring quality outcomes. With a user-friendly interface, TestWheelā¢ streamlines testing efforts, enhancing software quality while significantly reducing testing time.
Software Testing Tool Market |
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Base Year: |
2023 |
Forecast Period: |
2024-2032 |
Historical Data: |
2017 to 2023 |
Market Size in 2023: |
USD 2.48 Bn. |
Forecast Period 2024-2032 CAGR: |
7.11% |
Market Size in 2032: |
USD 4.6 Bn. |
Segments Covered: |
By Product Type |
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By Enterprise Size |
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By Tools Type |
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By Application |
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By Region |
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Key Market Drivers: |
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Key Market Restraints: |
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Key Opportunities: |
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Companies Covered in the report: |
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- INTRODUCTION
- RESEARCH OBJECTIVES
- RESEARCH METHODOLOGY
- RESEARCH PROCESS
- SCOPE AND COVERAGE
- Market Definition
- Key Questions Answered
- MARKET SEGMENTATION
- EXECUTIVE SUMMARY
- MARKET OVERVIEW
- GROWTH OPPORTUNITIES BY SEGMENT
- MARKET LANDSCAPE
- PORTERāS FIVE FORCES ANALYSIS
- Bargaining Power Of Supplier
- Threat Of New Entrants
- Threat Of Substitutes
- Competitive Rivalry
- Bargaining Power Among Buyers
- INDUSTRY VALUE CHAIN ANALYSIS
- MARKET DYNAMICS
- Drivers
- Restraints
- Opportunities
- Challenges
- MARKET TREND ANALYSIS
- REGULATORY LANDSCAPE
- PESTLE ANALYSIS
- PRICE TREND ANALYSIS
- PATENT ANALYSIS
- TECHNOLOGY EVALUATION
- ANALYSIS OF THE IMPACT OF COVID-19
- Impact On The Overall Market
- Impact On The Supply Chain
- Impact On The Key Manufacturers
- Impact On The Pricing
- Post COVID Situation
- MARKET IMPACT OF THE RUSSIA-UKRAINE WAR
- Geopolitical Market Disruptions
- Supply Chain Disruptions
- Instability in Emerging Markets
- ECOSYSTEM
- PORTERāS FIVE FORCES ANALYSIS
- SOFTWARE TESTING TOOL MARKET BY PRODUCT TYPE (2017-2032)
- SOFTWARE TESTING TOOL MARKET SNAPSHOT AND GROWTH ENGINE
- MARKET OVERVIEW
- APPLICATION TESTING
- Introduction And Market Overview
- Historic And Forecasted Market Size in Value (2017 ā 2032F)
- Historic And Forecasted Market Size in Volume (2017 ā 2032F)
- Key Market Trends, Growth Factors And Opportunities
- Geographic Segmentation Analysis
- PRODUCT TESTING
- SOFTWARE TESTING TOOL MARKET BY ENTERPRISE SIZE (2017-2032)
- SOFTWARE TESTING TOOL MARKET SNAPSHOT AND GROWTH ENGINE
- MARKET OVERVIEW
- LARGE ENTERPRISES
- Introduction And Market Overview
- Historic And Forecasted Market Size in Value (2017 ā 2032F)
- Historic And Forecasted Market Size in Volume (2017 ā 2032F)
- Key Market Trends, Growth Factors And Opportunities
- Geographic Segmentation Analysis
- SMALL ENTERPRISES
- SOFTWARE TESTING TOOL MARKET BY TOOLS TYPE (2017-2032)
- SOFTWARE TESTING TOOL MARKET SNAPSHOT AND GROWTH ENGINE
- MARKET OVERVIEW
- AGILE
- Introduction And Market Overview
- Historic And Forecasted Market Size in Value (2017 ā 2032F)
- Historic And Forecasted Market Size in Volume (2017 ā 2032F)
- Key Market Trends, Growth Factors And Opportunities
- Geographic Segmentation Analysis
- STATIC
- SOFTWARE TESTING TOOL MARKET BY APPLICATION (2017-2032)
- SOFTWARE TESTING TOOL MARKET SNAPSHOT AND GROWTH ENGINE
- MARKET OVERVIEW
- HEALTHCARE
- Introduction And Market Overview
- Historic And Forecasted Market Size in Value (2017 ā 2032F)
- Historic And Forecasted Market Size in Volume (2017 ā 2032F)
- Key Market Trends, Growth Factors And Opportunities
- Geographic Segmentation Analysis
- BFSI
- LOGISTICS & TRANSPORTATION
- PUBLIC & GOVERNMENT SECTOR
- RETAIL
- IT & TELECOM
- OTHERS
- COMPANY PROFILES AND COMPETITIVE ANALYSIS
- COMPETITIVE LANDSCAPE
- Competitive Positioning
- Software Testing Tool Market Share By Manufacturer (2022)
- Industry BCG Matrix
- Heat Map Analysis
- Mergers & Acquisitions
- COGNIZANT (US)
- Company Overview
- Key Executives
- Company Snapshot
- Role of the Company in the Market
- Sustainability and Social Responsibility
- Operating Business Segments
- Product Portfolio
- Business Performance (Production Volume, Sales Volume, Sales Margin, Production Capacity, Capacity Utilization Rate)
- Key Strategic Moves And Recent Developments
- SWOT Analysis
- SMARTBEAR SOFTWARE (US)
- RANOREX GMBH (US)
- USERTESTING (US)
- QMETRY INC (US)
- SAUCE LABS INC (US)
- ASTEGIC INC (US)
- DENIM GROUP (US)
- AMDOCS (US)
- NOWSECURE (US)
- CGI INC (CANADA)
- TEST COLLAB (CANADA)
- MICRO FOCUS (UK)
- EGGPLANT (UK)
- ACCENTURE (IRELAND)
- FROGLOGIC GMBH (GERMANY)
- TESTMONITOR (NETHERLANDS)
- TRICENTIS (AUSTRIA)
- H.S PRACTITEST (ISRAEL)
- CIGNITI TECHNOLOGIES LIMITED (INDIA)
- COMPETITIVE LANDSCAPE
- GLOBAL SOFTWARE TESTING TOOL MARKET BY REGION
- OVERVIEW
- NORTH AMERICA
- Key Market Trends, Growth Factors And Opportunities
- Impact Of Covid-19
- Key Manufacturers
- Historic And Forecasted Market Size By Product Type
- Historic And Forecasted Market Size By Enterprise Size
- Historic And Forecasted Market Size By Tools Type
- Historic And Forecasted Market Size By Application
- Historic And Forecasted Market Size By Country
- USA
- Canada
- Mexico
- EASTERN EUROPE
- Key Market Trends, Growth Factors And Opportunities
- Impact Of Covid-19
- Key Manufacturers
- Historic And Forecasted Market Size By Segments
- Historic And Forecasted Market Size By Country
- Russia
- Bulgaria
- The Czech Republic
- Hungary
- Poland
- Romania
- Rest Of Eastern Europe
- WESTERN EUROPE
- Key Market Trends, Growth Factors And Opportunities
- Impact Of Covid-19
- Key Manufacturers
- Historic And Forecasted Market Size By Segments
- Historic And Forecasted Market Size By Country
- Germany
- United Kingdom
- France
- The Netherlands
- Italy
- Spain
- Rest Of Western Europe
- ASIA PACIFIC
- Key Market Trends, Growth Factors And Opportunities
- Impact Of Covid-19
- Key Manufacturers
- Historic And Forecasted Market Size By Segments
- Historic And Forecasted Market Size By Country
- China
- India
- Japan
- South Korea
- Malaysia
- Thailand
- Vietnam
- The Philippines
- Australia
- New-Zealand
- Rest Of APAC
- MIDDLE EAST & AFRICA
- Key Market Trends, Growth Factors And Opportunities
- Impact Of Covid-19
- Key Manufacturers
- Historic And Forecasted Market Size By Segments
- Historic And Forecasted Market Size By Country
- Turkey
- Bahrain
- Kuwait
- Saudi Arabia
- Qatar
- UAE
- Israel
- South Africa
- SOUTH AMERICA
- Key Market Trends, Growth Factors And Opportunities
- Impact Of Covid-19
- Key Manufacturers
- Historic And Forecasted Market Size By Segments
- Historic And Forecasted Market Size By Country
- Brazil
- Argentina
- Rest of South America
- INVESTMENT ANALYSIS
- ANALYST VIEWPOINT AND CONCLUSION
- Recommendations and Concluding Analysis
- Potential Market Strategies
Software Testing Tool Market |
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Base Year: |
2023 |
Forecast Period: |
2024-2032 |
Historical Data: |
2017 to 2023 |
Market Size in 2023: |
USD 2.48 Bn. |
Forecast Period 2024-2032 CAGR: |
7.11% |
Market Size in 2032: |
USD 4.6 Bn. |
Segments Covered: |
By Product Type |
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By Enterprise Size |
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By Tools Type |
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By Application |
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By Region |
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Key Market Drivers: |
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Key Market Restraints: |
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Key Opportunities: |
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Companies Covered in the report: |
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Frequently Asked Questions :
The forecast period in the Software Testing Tool Market research report is 2024-2032.
Cognizant (US),SmartBear Software (US),Ranorex GmbH (US),UserTesting (US),QMetry Inc (US),Sauce Labs Inc (US),Astegic Inc (US),Denim Group (US),Amdocs (US),NowSecure (US),CGI Inc (Canada),Test Collab (Canada),Micro Focus (UK),eggplant (UK),Accenture (Ireland),froglogic GmbH (Germany),TestMonitor (Netherlands),Tricentis (Austria),H.S PractiTest (Israel),Cigniti Technologies Limited (India), and Other Major Players
The Software Testing Tool Market is segmented into product type, enterprise size, tools type, application, and region. By Product Type, the market is categorized into Application Testing and Product Testing. By Enterprise Size, the market is categorized into Large Enterprises and Small Enterprises. By Tools Type, the market is categorized into Agile and Static. By Application, the market is categorized into Healthcare, BFSI, Logistics & Transportation, Public & Government Sector, Retail, IT & Telecom, and Others. By region, it is analyzed across North America (U.S.; Canada; Mexico), Europe (Germany; U.K.; France; Italy; Russia; Spain, etc.), Asia-Pacific (China; India; Japan; Southeast Asia, etc.), South America (Brazil; Argentina, etc.), Middle East & Africa (Saudi Arabia; South Africa, etc.).
Software testing is the process of validating and confirming that software is bug-free and satisfies all the technical requirements coded by its designer or developer. In addition, software testing tools are used for testing software.
The Software Testing Tool Market size was valued at USD 2.48 Billion in 2023 and is projected to reach USD 4.6 Billion by 2032, registering a CAGR of 7.11% from 2023 to 2032.