Global Software Testing Tool Market Overview

The Software Testing Tool Market is expected to grow at a significant growth rate, and the analysis period is 2022-2028, considering base year as 2021.

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.

COVID-19 Impact on Software Testing Tool Market

COVID-19 outbreak in 2020 resulted in the shutdown of various business complexes, shopping malls, and other crowded places. Restrictions were imposed by governments on the social gathering of people to confine the spread of the virus. Individuals were compelled to adopt online services that provide shopping of clothes, online ordering of food, and other essential merchandise therefore it accelerated the use of software testing solutions in BFSI, IT, manufacturing, and other industries to provide better customer experience and quick delivery to the customer. COVID-19 compelled individuals to work from home thus creating a high demand for AI-based automated software testing for several remote software applications and the maintenance of IT infrastructure. Due to COVID-19, people preferred cashless transactions to avoid contracting viruses thus use of software testing tools is in high demand in the banking sector to provide smooth interactions for customers.

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:

Key Industry Development in Software Testing Tool Market

  • In August 2021, Ranorex Studio declared the availability of Ranorex Studio 10.1. With the help of this software testing tool, the process of creating and maintaining automated tests will be more powerful and handy to use across several platforms. Moreover, with the use of Ranorex Studio 10.1 users can edit, record, and run automated tests in less time in comparison with other automated test suites and applications available in the market.
  • In July 2020, Vector, a global leading manufacturer of software tools and components for the development of electronic systems in collaboration with froglogic GmbH have developed solutions for testing GUI-based embedded systems. The main motto of collaboration is to provide an integrated toolchain for testing and developing engineers from a wide range of industries.
  • In February 2021, Denim Group, the principal independent application security firm has declared collaboration with NowSecure, a leading company in mobile application security testing software and services to provide customers combine their mobile application security testing results from the NowSecure platform into ThreadFix a platform powered by Denim Group to strengthen security processes and to be in touch with modern development cycles.

Global Software Testing Tool Market

Base Year:

2021

Forecast Period:

2022-2028

Historical Data:

2016 to 2020

Market Size in 2021:

USD XX Bn.

Forecast Period 2022-28 CAGR:

XX%

Market Size in 2028:

USD XX Bn.

Segments Covered:

By Product Type

  • Application Testing
  • Product Testing

By Enterprise Size

  • Large Enterprises
  • Small Enterprises

By Tools Type

  • Agile
  • Static

By Application

  • Healthcare
  • BFSI
  • Logistics & Transportation
  • Public & Government Sector
  • Retail
  • IT & Telecom
  • Others

By Region

  • North America (U.S., Canada, Mexico)
  • Europe (Germany, U.K., France, Italy, Russia, Spain, Rest of Europe)
  • Asia-Pacific (China, India, Japan, Singapore, Australia, New Zealand, Rest of APAC)
  • Middle East & Africa (Turkey, Saudi Arabia, Iran, UAE, Africa, Rest of MEA)
  • South America (Brazil, Argentina, Rest of SA)

Key Market Drivers:

  • The Growing Software Industry and Rapid Spur in Demand for AI-Based Solution

Key Market Restraints:

  • Unrealistic Expectations from Tools

Key Opportunities:

  • Revolution in the Banking Sector and Booming IT Sectors

Companies Covered in the report:

  • Accenture (Ireland), Cognizant (US), Tricentis (Austria), Ranorex GmbH (US), Froglogic GmbH (Germany), and Other major players.

Chapter 1: Introduction
 1.1 Research Objectives
 1.2 Research Methodology
 1.3 Research Process
 1.4 Scope and Coverage
  1.4.1 Market Definition
  1.4.2 Key Questions Answered
 1.5 Market Segmentation

Chapter 2:Executive Summary

Chapter 3:Growth Opportunities By Segment
 3.1 By Product Type
 3.2 By Enterprise Size
 3.3 By Tools Type
 3.4 By Application

Chapter 4: Market Landscape
 4.1 Porter's Five Forces Analysis
  4.1.1 Bargaining Power of Supplier
  4.1.2 Threat of New Entrants
  4.1.3 Threat of Substitutes
  4.1.4 Competitive Rivalry
  4.1.5 Bargaining Power Among Buyers
 4.2 Industry Value Chain Analysis
 4.3 Market Dynamics
  4.3.1 Drivers
  4.3.2 Restraints
  4.3.3 Opportunities
  4.5.4 Challenges
 4.4 Pestle Analysis
 4.5 Technological Roadmap
 4.6 Regulatory Landscape
 4.7 SWOT Analysis
 4.8 Price Trend Analysis
 4.9 Patent Analysis
 4.10 Analysis of the Impact of Covid-19
  4.10.1 Impact on the Overall Market
  4.10.2 Impact on the Supply Chain
  4.10.3 Impact on the Key Manufacturers
  4.10.4 Impact on the Pricing

Chapter 5: Software Testing Tool Market by Product Type
 5.1 Software Testing Tool Market Overview Snapshot and Growth Engine
 5.2 Software Testing Tool Market Overview
 5.3 Application Testing
  5.3.1 Introduction and Market Overview
  5.3.2 Historic and Forecasted Market Size (2016-2028F)
  5.3.3 Key Market Trends, Growth Factors and Opportunities
  5.3.4 Application Testing: Grographic Segmentation
 5.4 Product Testing
  5.4.1 Introduction and Market Overview
  5.4.2 Historic and Forecasted Market Size (2016-2028F)
  5.4.3 Key Market Trends, Growth Factors and Opportunities
  5.4.4 Product Testing: Grographic Segmentation

Chapter 6: Software Testing Tool Market by Enterprise Size
 6.1 Software Testing Tool Market Overview Snapshot and Growth Engine
 6.2 Software Testing Tool Market Overview
 6.3 Large Enterprises
  6.3.1 Introduction and Market Overview
  6.3.2 Historic and Forecasted Market Size (2016-2028F)
  6.3.3 Key Market Trends, Growth Factors and Opportunities
  6.3.4 Large Enterprises: Grographic Segmentation
 6.4 Small Enterprises
  6.4.1 Introduction and Market Overview
  6.4.2 Historic and Forecasted Market Size (2016-2028F)
  6.4.3 Key Market Trends, Growth Factors and Opportunities
  6.4.4 Small Enterprises: Grographic Segmentation

Chapter 7: Software Testing Tool Market by Tools Type
 7.1 Software Testing Tool Market Overview Snapshot and Growth Engine
 7.2 Software Testing Tool Market Overview
 7.3 Agile
  7.3.1 Introduction and Market Overview
  7.3.2 Historic and Forecasted Market Size (2016-2028F)
  7.3.3 Key Market Trends, Growth Factors and Opportunities
  7.3.4 Agile: Grographic Segmentation
 7.4 Static
  7.4.1 Introduction and Market Overview
  7.4.2 Historic and Forecasted Market Size (2016-2028F)
  7.4.3 Key Market Trends, Growth Factors and Opportunities
  7.4.4 Static: Grographic Segmentation

Chapter 8: Software Testing Tool Market by Application
 8.1 Software Testing Tool Market Overview Snapshot and Growth Engine
 8.2 Software Testing Tool Market Overview
 8.3 Healthcare
  8.3.1 Introduction and Market Overview
  8.3.2 Historic and Forecasted Market Size (2016-2028F)
  8.3.3 Key Market Trends, Growth Factors and Opportunities
  8.3.4 Healthcare: Grographic Segmentation
 8.4 BFSI
  8.4.1 Introduction and Market Overview
  8.4.2 Historic and Forecasted Market Size (2016-2028F)
  8.4.3 Key Market Trends, Growth Factors and Opportunities
  8.4.4 BFSI: Grographic Segmentation
 8.5 Logistics & Transportation
  8.5.1 Introduction and Market Overview
  8.5.2 Historic and Forecasted Market Size (2016-2028F)
  8.5.3 Key Market Trends, Growth Factors and Opportunities
  8.5.4 Logistics & Transportation: Grographic Segmentation
 8.6 Public & Government Sector
  8.6.1 Introduction and Market Overview
  8.6.2 Historic and Forecasted Market Size (2016-2028F)
  8.6.3 Key Market Trends, Growth Factors and Opportunities
  8.6.4 Public & Government Sector: Grographic Segmentation
 8.7 Retail
  8.7.1 Introduction and Market Overview
  8.7.2 Historic and Forecasted Market Size (2016-2028F)
  8.7.3 Key Market Trends, Growth Factors and Opportunities
  8.7.4 Retail: Grographic Segmentation
 8.8 IT & Telecom
  8.8.1 Introduction and Market Overview
  8.8.2 Historic and Forecasted Market Size (2016-2028F)
  8.8.3 Key Market Trends, Growth Factors and Opportunities
  8.8.4 IT & Telecom: Grographic Segmentation
 8.9 Others
  8.9.1 Introduction and Market Overview
  8.9.2 Historic and Forecasted Market Size (2016-2028F)
  8.9.3 Key Market Trends, Growth Factors and Opportunities
  8.9.4 Others: Grographic Segmentation

Chapter 9: Company Profiles and Competitive Analysis
 9.1 Competitive Landscape
  9.1.1 Competitive Positioning
  9.1.2 Software Testing Tool Sales and Market Share By Players
  9.1.3 Industry BCG Matrix
  9.1.4 Ansoff Matrix
  9.1.5 Software Testing Tool Industry Concentration Ratio (CR5 and HHI)
  9.1.6 Top 5 Software Testing Tool Players Market Share
  9.1.7 Mergers and Acquisitions
  9.1.8 Business Strategies By Top Players
 9.2 ACCENTURE
  9.2.1 Company Overview
  9.2.2 Key Executives
  9.2.3 Company Snapshot
  9.2.4 Operating Business Segments
  9.2.5 Product Portfolio
  9.2.6 Business Performance
  9.2.7 Key Strategic Moves and Recent Developments
  9.2.8 SWOT Analysis
 9.3 COGNIZANT
 9.4 TRICENTIS
 9.5 RANOREX GMBH
 9.6 FROGLOGIC GMBH
 9.7 SMARTBEAR SOFTWARE
 9.8 EGGPLANT
 9.9 H.S PRACTITEST
 9.10 USERTESTING
 9.11 QMETRY INC.
 9.12 SAUCE LABS INC
 9.13 TEST COLLAB
 9.14 MICRO FOCUS
 9.15 TESTMONITOR
 9.16 DENIM GROUP
 9.17 NOWSECURE
 9.18 OTHER MAJOR PLAYERS

Chapter 10: Global Software Testing Tool Market Analysis, Insights and Forecast, 2016-2028
 10.1 Market Overview
 10.2 Historic and Forecasted Market Size By Product Type
  10.2.1 Application Testing
  10.2.2 Product Testing
 10.3 Historic and Forecasted Market Size By Enterprise Size
  10.3.1 Large Enterprises
  10.3.2 Small Enterprises
 10.4 Historic and Forecasted Market Size By Tools Type
  10.4.1 Agile
  10.4.2 Static
 10.5 Historic and Forecasted Market Size By Application
  10.5.1 Healthcare
  10.5.2 BFSI
  10.5.3 Logistics & Transportation
  10.5.4 Public & Government Sector
  10.5.5 Retail
  10.5.6 IT & Telecom
  10.5.7 Others

Chapter 11: North America Software Testing Tool Market Analysis, Insights and Forecast, 2016-2028
 11.1 Key Market Trends, Growth Factors and Opportunities
 11.2 Impact of Covid-19
 11.3 Key Players
 11.4 Key Market Trends, Growth Factors and Opportunities
 11.4 Historic and Forecasted Market Size By Product Type
  11.4.1 Application Testing
  11.4.2 Product Testing
 11.5 Historic and Forecasted Market Size By Enterprise Size
  11.5.1 Large Enterprises
  11.5.2 Small Enterprises
 11.6 Historic and Forecasted Market Size By Tools Type
  11.6.1 Agile
  11.6.2 Static
 11.7 Historic and Forecasted Market Size By Application
  11.7.1 Healthcare
  11.7.2 BFSI
  11.7.3 Logistics & Transportation
  11.7.4 Public & Government Sector
  11.7.5 Retail
  11.7.6 IT & Telecom
  11.7.7 Others
 11.8 Historic and Forecast Market Size by Country
  11.8.1 U.S.
  11.8.2 Canada
  11.8.3 Mexico

Chapter 12: Europe Software Testing Tool Market Analysis, Insights and Forecast, 2016-2028
 12.1 Key Market Trends, Growth Factors and Opportunities
 12.2 Impact of Covid-19
 12.3 Key Players
 12.4 Key Market Trends, Growth Factors and Opportunities
 12.4 Historic and Forecasted Market Size By Product Type
  12.4.1 Application Testing
  12.4.2 Product Testing
 12.5 Historic and Forecasted Market Size By Enterprise Size
  12.5.1 Large Enterprises
  12.5.2 Small Enterprises
 12.6 Historic and Forecasted Market Size By Tools Type
  12.6.1 Agile
  12.6.2 Static
 12.7 Historic and Forecasted Market Size By Application
  12.7.1 Healthcare
  12.7.2 BFSI
  12.7.3 Logistics & Transportation
  12.7.4 Public & Government Sector
  12.7.5 Retail
  12.7.6 IT & Telecom
  12.7.7 Others
 12.8 Historic and Forecast Market Size by Country
  12.8.1 Germany
  12.8.2 U.K.
  12.8.3 France
  12.8.4 Italy
  12.8.5 Russia
  12.8.6 Spain
  12.8.7 Rest of Europe

Chapter 13: Asia-Pacific Software Testing Tool Market Analysis, Insights and Forecast, 2016-2028
 13.1 Key Market Trends, Growth Factors and Opportunities
 13.2 Impact of Covid-19
 13.3 Key Players
 13.4 Key Market Trends, Growth Factors and Opportunities
 13.4 Historic and Forecasted Market Size By Product Type
  13.4.1 Application Testing
  13.4.2 Product Testing
 13.5 Historic and Forecasted Market Size By Enterprise Size
  13.5.1 Large Enterprises
  13.5.2 Small Enterprises
 13.6 Historic and Forecasted Market Size By Tools Type
  13.6.1 Agile
  13.6.2 Static
 13.7 Historic and Forecasted Market Size By Application
  13.7.1 Healthcare
  13.7.2 BFSI
  13.7.3 Logistics & Transportation
  13.7.4 Public & Government Sector
  13.7.5 Retail
  13.7.6 IT & Telecom
  13.7.7 Others
 13.8 Historic and Forecast Market Size by Country
  13.8.1 China
  13.8.2 India
  13.8.3 Japan
  13.8.4 Singapore
  13.8.5 Australia
  13.8.6 New Zealand
  13.8.7 Rest of APAC

Chapter 14: Middle East & Africa Software Testing Tool Market Analysis, Insights and Forecast, 2016-2028
 14.1 Key Market Trends, Growth Factors and Opportunities
 14.2 Impact of Covid-19
 14.3 Key Players
 14.4 Key Market Trends, Growth Factors and Opportunities
 14.4 Historic and Forecasted Market Size By Product Type
  14.4.1 Application Testing
  14.4.2 Product Testing
 14.5 Historic and Forecasted Market Size By Enterprise Size
  14.5.1 Large Enterprises
  14.5.2 Small Enterprises
 14.6 Historic and Forecasted Market Size By Tools Type
  14.6.1 Agile
  14.6.2 Static
 14.7 Historic and Forecasted Market Size By Application
  14.7.1 Healthcare
  14.7.2 BFSI
  14.7.3 Logistics & Transportation
  14.7.4 Public & Government Sector
  14.7.5 Retail
  14.7.6 IT & Telecom
  14.7.7 Others
 14.8 Historic and Forecast Market Size by Country
  14.8.1 Turkey
  14.8.2 Saudi Arabia
  14.8.3 Iran
  14.8.4 UAE
  14.8.5 Africa
  14.8.6 Rest of MEA

Chapter 15: South America Software Testing Tool Market Analysis, Insights and Forecast, 2016-2028
 15.1 Key Market Trends, Growth Factors and Opportunities
 15.2 Impact of Covid-19
 15.3 Key Players
 15.4 Key Market Trends, Growth Factors and Opportunities
 15.4 Historic and Forecasted Market Size By Product Type
  15.4.1 Application Testing
  15.4.2 Product Testing
 15.5 Historic and Forecasted Market Size By Enterprise Size
  15.5.1 Large Enterprises
  15.5.2 Small Enterprises
 15.6 Historic and Forecasted Market Size By Tools Type
  15.6.1 Agile
  15.6.2 Static
 15.7 Historic and Forecasted Market Size By Application
  15.7.1 Healthcare
  15.7.2 BFSI
  15.7.3 Logistics & Transportation
  15.7.4 Public & Government Sector
  15.7.5 Retail
  15.7.6 IT & Telecom
  15.7.7 Others
 15.8 Historic and Forecast Market Size by Country
  15.8.1 Brazil
  15.8.2 Argentina
  15.8.3 Rest of SA

Chapter 16 Investment Analysis

Chapter 17 Analyst Viewpoint and Conclusion

Global Software Testing Tool Market

Base Year:

2021

Forecast Period:

2022-2028

Historical Data:

2016 to 2020

Market Size in 2021:

USD XX Bn.

Forecast Period 2022-28 CAGR:

XX%

Market Size in 2028:

USD XX Bn.

Segments Covered:

By Product Type

  • Application Testing
  • Product Testing

By Enterprise Size

  • Large Enterprises
  • Small Enterprises

By Tools Type

  • Agile
  • Static

By Application

  • Healthcare
  • BFSI
  • Logistics & Transportation
  • Public & Government Sector
  • Retail
  • IT & Telecom
  • Others

By Region

  • North America (U.S., Canada, Mexico)
  • Europe (Germany, U.K., France, Italy, Russia, Spain, Rest of Europe)
  • Asia-Pacific (China, India, Japan, Singapore, Australia, New Zealand, Rest of APAC)
  • Middle East & Africa (Turkey, Saudi Arabia, Iran, UAE, Africa, Rest of MEA)
  • South America (Brazil, Argentina, Rest of SA)

Key Market Drivers:

  • The Growing Software Industry and Rapid Spur in Demand for AI-Based Solution

Key Market Restraints:

  • Unrealistic Expectations from Tools

Key Opportunities:

  • Revolution in the Banking Sector and Booming IT Sectors

Companies Covered in the report:

  • Accenture (Ireland), Cognizant (US), Tricentis (Austria), Ranorex GmbH (US), Froglogic GmbH (Germany), and Other major players.

LIST OF TABLES

TABLE 001. EXECUTIVE SUMMARY
TABLE 002. SOFTWARE TESTING TOOL MARKET BARGAINING POWER OF SUPPLIERS
TABLE 003. SOFTWARE TESTING TOOL MARKET BARGAINING POWER OF CUSTOMERS
TABLE 004. SOFTWARE TESTING TOOL MARKET COMPETITIVE RIVALRY
TABLE 005. SOFTWARE TESTING TOOL MARKET THREAT OF NEW ENTRANTS
TABLE 006. SOFTWARE TESTING TOOL MARKET THREAT OF SUBSTITUTES
TABLE 007. SOFTWARE TESTING TOOL MARKET BY PRODUCT TYPE
TABLE 008. APPLICATION TESTING MARKET OVERVIEW (2016-2028)
TABLE 009. PRODUCT TESTING MARKET OVERVIEW (2016-2028)
TABLE 010. SOFTWARE TESTING TOOL MARKET BY ENTERPRISE SIZE
TABLE 011. LARGE ENTERPRISES MARKET OVERVIEW (2016-2028)
TABLE 012. SMALL ENTERPRISES MARKET OVERVIEW (2016-2028)
TABLE 013. SOFTWARE TESTING TOOL MARKET BY TOOLS TYPE
TABLE 014. AGILE MARKET OVERVIEW (2016-2028)
TABLE 015. STATIC MARKET OVERVIEW (2016-2028)
TABLE 016. SOFTWARE TESTING TOOL MARKET BY APPLICATION
TABLE 017. HEALTHCARE MARKET OVERVIEW (2016-2028)
TABLE 018. BFSI MARKET OVERVIEW (2016-2028)
TABLE 019. LOGISTICS & TRANSPORTATION MARKET OVERVIEW (2016-2028)
TABLE 020. PUBLIC & GOVERNMENT SECTOR MARKET OVERVIEW (2016-2028)
TABLE 021. RETAIL MARKET OVERVIEW (2016-2028)
TABLE 022. IT & TELECOM MARKET OVERVIEW (2016-2028)
TABLE 023. OTHERS MARKET OVERVIEW (2016-2028)
TABLE 024. NORTH AMERICA SOFTWARE TESTING TOOL MARKET, BY PRODUCT TYPE (2016-2028)
TABLE 025. NORTH AMERICA SOFTWARE TESTING TOOL MARKET, BY ENTERPRISE SIZE (2016-2028)
TABLE 026. NORTH AMERICA SOFTWARE TESTING TOOL MARKET, BY TOOLS TYPE (2016-2028)
TABLE 027. NORTH AMERICA SOFTWARE TESTING TOOL MARKET, BY APPLICATION (2016-2028)
TABLE 028. N SOFTWARE TESTING TOOL MARKET, BY COUNTRY (2016-2028)
TABLE 029. EUROPE SOFTWARE TESTING TOOL MARKET, BY PRODUCT TYPE (2016-2028)
TABLE 030. EUROPE SOFTWARE TESTING TOOL MARKET, BY ENTERPRISE SIZE (2016-2028)
TABLE 031. EUROPE SOFTWARE TESTING TOOL MARKET, BY TOOLS TYPE (2016-2028)
TABLE 032. EUROPE SOFTWARE TESTING TOOL MARKET, BY APPLICATION (2016-2028)
TABLE 033. SOFTWARE TESTING TOOL MARKET, BY COUNTRY (2016-2028)
TABLE 034. ASIA PACIFIC SOFTWARE TESTING TOOL MARKET, BY PRODUCT TYPE (2016-2028)
TABLE 035. ASIA PACIFIC SOFTWARE TESTING TOOL MARKET, BY ENTERPRISE SIZE (2016-2028)
TABLE 036. ASIA PACIFIC SOFTWARE TESTING TOOL MARKET, BY TOOLS TYPE (2016-2028)
TABLE 037. ASIA PACIFIC SOFTWARE TESTING TOOL MARKET, BY APPLICATION (2016-2028)
TABLE 038. SOFTWARE TESTING TOOL MARKET, BY COUNTRY (2016-2028)
TABLE 039. MIDDLE EAST & AFRICA SOFTWARE TESTING TOOL MARKET, BY PRODUCT TYPE (2016-2028)
TABLE 040. MIDDLE EAST & AFRICA SOFTWARE TESTING TOOL MARKET, BY ENTERPRISE SIZE (2016-2028)
TABLE 041. MIDDLE EAST & AFRICA SOFTWARE TESTING TOOL MARKET, BY TOOLS TYPE (2016-2028)
TABLE 042. MIDDLE EAST & AFRICA SOFTWARE TESTING TOOL MARKET, BY APPLICATION (2016-2028)
TABLE 043. SOFTWARE TESTING TOOL MARKET, BY COUNTRY (2016-2028)
TABLE 044. SOUTH AMERICA SOFTWARE TESTING TOOL MARKET, BY PRODUCT TYPE (2016-2028)
TABLE 045. SOUTH AMERICA SOFTWARE TESTING TOOL MARKET, BY ENTERPRISE SIZE (2016-2028)
TABLE 046. SOUTH AMERICA SOFTWARE TESTING TOOL MARKET, BY TOOLS TYPE (2016-2028)
TABLE 047. SOUTH AMERICA SOFTWARE TESTING TOOL MARKET, BY APPLICATION (2016-2028)
TABLE 048. SOFTWARE TESTING TOOL MARKET, BY COUNTRY (2016-2028)
TABLE 049. ACCENTURE: SNAPSHOT
TABLE 050. ACCENTURE: BUSINESS PERFORMANCE
TABLE 051. ACCENTURE: PRODUCT PORTFOLIO
TABLE 052. ACCENTURE: KEY STRATEGIC MOVES AND DEVELOPMENTS
TABLE 052. COGNIZANT: SNAPSHOT
TABLE 053. COGNIZANT: BUSINESS PERFORMANCE
TABLE 054. COGNIZANT: PRODUCT PORTFOLIO
TABLE 055. COGNIZANT: KEY STRATEGIC MOVES AND DEVELOPMENTS
TABLE 055. TRICENTIS: SNAPSHOT
TABLE 056. TRICENTIS: BUSINESS PERFORMANCE
TABLE 057. TRICENTIS: PRODUCT PORTFOLIO
TABLE 058. TRICENTIS: KEY STRATEGIC MOVES AND DEVELOPMENTS
TABLE 058. RANOREX GMBH: SNAPSHOT
TABLE 059. RANOREX GMBH: BUSINESS PERFORMANCE
TABLE 060. RANOREX GMBH: PRODUCT PORTFOLIO
TABLE 061. RANOREX GMBH: KEY STRATEGIC MOVES AND DEVELOPMENTS
TABLE 061. FROGLOGIC GMBH: SNAPSHOT
TABLE 062. FROGLOGIC GMBH: BUSINESS PERFORMANCE
TABLE 063. FROGLOGIC GMBH: PRODUCT PORTFOLIO
TABLE 064. FROGLOGIC GMBH: KEY STRATEGIC MOVES AND DEVELOPMENTS
TABLE 064. SMARTBEAR SOFTWARE: SNAPSHOT
TABLE 065. SMARTBEAR SOFTWARE: BUSINESS PERFORMANCE
TABLE 066. SMARTBEAR SOFTWARE: PRODUCT PORTFOLIO
TABLE 067. SMARTBEAR SOFTWARE: KEY STRATEGIC MOVES AND DEVELOPMENTS
TABLE 067. EGGPLANT: SNAPSHOT
TABLE 068. EGGPLANT: BUSINESS PERFORMANCE
TABLE 069. EGGPLANT: PRODUCT PORTFOLIO
TABLE 070. EGGPLANT: KEY STRATEGIC MOVES AND DEVELOPMENTS
TABLE 070. H.S PRACTITEST: SNAPSHOT
TABLE 071. H.S PRACTITEST: BUSINESS PERFORMANCE
TABLE 072. H.S PRACTITEST: PRODUCT PORTFOLIO
TABLE 073. H.S PRACTITEST: KEY STRATEGIC MOVES AND DEVELOPMENTS
TABLE 073. USERTESTING: SNAPSHOT
TABLE 074. USERTESTING: BUSINESS PERFORMANCE
TABLE 075. USERTESTING: PRODUCT PORTFOLIO
TABLE 076. USERTESTING: KEY STRATEGIC MOVES AND DEVELOPMENTS
TABLE 076. QMETRY INC.: SNAPSHOT
TABLE 077. QMETRY INC.: BUSINESS PERFORMANCE
TABLE 078. QMETRY INC.: PRODUCT PORTFOLIO
TABLE 079. QMETRY INC.: KEY STRATEGIC MOVES AND DEVELOPMENTS
TABLE 079. SAUCE LABS INC: SNAPSHOT
TABLE 080. SAUCE LABS INC: BUSINESS PERFORMANCE
TABLE 081. SAUCE LABS INC: PRODUCT PORTFOLIO
TABLE 082. SAUCE LABS INC: KEY STRATEGIC MOVES AND DEVELOPMENTS
TABLE 082. TEST COLLAB: SNAPSHOT
TABLE 083. TEST COLLAB: BUSINESS PERFORMANCE
TABLE 084. TEST COLLAB: PRODUCT PORTFOLIO
TABLE 085. TEST COLLAB: KEY STRATEGIC MOVES AND DEVELOPMENTS
TABLE 085. MICRO FOCUS: SNAPSHOT
TABLE 086. MICRO FOCUS: BUSINESS PERFORMANCE
TABLE 087. MICRO FOCUS: PRODUCT PORTFOLIO
TABLE 088. MICRO FOCUS: KEY STRATEGIC MOVES AND DEVELOPMENTS
TABLE 088. TESTMONITOR: SNAPSHOT
TABLE 089. TESTMONITOR: BUSINESS PERFORMANCE
TABLE 090. TESTMONITOR: PRODUCT PORTFOLIO
TABLE 091. TESTMONITOR: KEY STRATEGIC MOVES AND DEVELOPMENTS
TABLE 091. DENIM GROUP: SNAPSHOT
TABLE 092. DENIM GROUP: BUSINESS PERFORMANCE
TABLE 093. DENIM GROUP: PRODUCT PORTFOLIO
TABLE 094. DENIM GROUP: KEY STRATEGIC MOVES AND DEVELOPMENTS
TABLE 094. NOWSECURE: SNAPSHOT
TABLE 095. NOWSECURE: BUSINESS PERFORMANCE
TABLE 096. NOWSECURE: PRODUCT PORTFOLIO
TABLE 097. NOWSECURE: KEY STRATEGIC MOVES AND DEVELOPMENTS
TABLE 097. OTHER MAJOR PLAYERS: SNAPSHOT
TABLE 098. OTHER MAJOR PLAYERS: BUSINESS PERFORMANCE
TABLE 099. OTHER MAJOR PLAYERS: PRODUCT PORTFOLIO
TABLE 100. OTHER MAJOR PLAYERS: KEY STRATEGIC MOVES AND DEVELOPMENTS

LIST OF FIGURES

FIGURE 001. YEARS CONSIDERED FOR ANALYSIS
FIGURE 002. SCOPE OF THE STUDY
FIGURE 003. SOFTWARE TESTING TOOL MARKET OVERVIEW BY REGIONS
FIGURE 004. PORTER'S FIVE FORCES ANALYSIS
FIGURE 005. BARGAINING POWER OF SUPPLIERS
FIGURE 006. COMPETITIVE RIVALRYFIGURE 007. THREAT OF NEW ENTRANTS
FIGURE 008. THREAT OF SUBSTITUTES
FIGURE 009. VALUE CHAIN ANALYSIS
FIGURE 010. PESTLE ANALYSIS
FIGURE 011. SOFTWARE TESTING TOOL MARKET OVERVIEW BY PRODUCT TYPE
FIGURE 012. APPLICATION TESTING MARKET OVERVIEW (2016-2028)
FIGURE 013. PRODUCT TESTING MARKET OVERVIEW (2016-2028)
FIGURE 014. SOFTWARE TESTING TOOL MARKET OVERVIEW BY ENTERPRISE SIZE
FIGURE 015. LARGE ENTERPRISES MARKET OVERVIEW (2016-2028)
FIGURE 016. SMALL ENTERPRISES MARKET OVERVIEW (2016-2028)
FIGURE 017. SOFTWARE TESTING TOOL MARKET OVERVIEW BY TOOLS TYPE
FIGURE 018. AGILE MARKET OVERVIEW (2016-2028)
FIGURE 019. STATIC MARKET OVERVIEW (2016-2028)
FIGURE 020. SOFTWARE TESTING TOOL MARKET OVERVIEW BY APPLICATION
FIGURE 021. HEALTHCARE MARKET OVERVIEW (2016-2028)
FIGURE 022. BFSI MARKET OVERVIEW (2016-2028)
FIGURE 023. LOGISTICS & TRANSPORTATION MARKET OVERVIEW (2016-2028)
FIGURE 024. PUBLIC & GOVERNMENT SECTOR MARKET OVERVIEW (2016-2028)
FIGURE 025. RETAIL MARKET OVERVIEW (2016-2028)
FIGURE 026. IT & TELECOM MARKET OVERVIEW (2016-2028)
FIGURE 027. OTHERS MARKET OVERVIEW (2016-2028)
FIGURE 028. NORTH AMERICA SOFTWARE TESTING TOOL MARKET OVERVIEW BY COUNTRY (2016-2028)
FIGURE 029. EUROPE SOFTWARE TESTING TOOL MARKET OVERVIEW BY COUNTRY (2016-2028)
FIGURE 030. ASIA PACIFIC SOFTWARE TESTING TOOL MARKET OVERVIEW BY COUNTRY (2016-2028)
FIGURE 031. MIDDLE EAST & AFRICA SOFTWARE TESTING TOOL MARKET OVERVIEW BY COUNTRY (2016-2028)
FIGURE 032. SOUTH AMERICA SOFTWARE TESTING TOOL MARKET OVERVIEW BY COUNTRY (2016-2028)

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Frequently Asked Questions :

What would be the forecast period in the Software Testing Tool Market research report?

The forecast period in the Software Testing Tool Market research report is 2022-2028.

Who are the key players in Software Testing Tool Market?

Accenture (Ireland), Cognizant (US), Tricentis (Austria), Ranorex GmbH (US), Froglogic GmbH (Germany), SmartBear Software (US), Eggplant (UK), H.S PractiTest (Israel), UserTesting (US), QMetry Inc (US), Sauce Labs Inc (US), Test Collab (Canada), Micro Focus (UK), TestMonitor (Netherlands), Denim Group (US), NowSecure (US), and other major players.

What are the segments of the Software Testing Tool Market?

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.).

What is the Software Testing Tool Market?

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.

How big is the Software Testing Tool Market?

The Software Testing Tool Market is expected to grow at a significant growth rate, and the analysis period is 2022-2028, considering base year as 2021.