March 29, 2020
Test Automation

Test Automation Market supposed to grow at 14.7% CAGR by 2027

The global test automation market was valued at US$ 27.43 billion in 2018 and is expected to grow with a CAGR of 14.7% over the forecast period.

Proliferating growth in the mobile application market and rising digital transformation worldwide are key factors driving the market for test automation. In 2018, the global market for mobile applications was valued at more than US$ 100.0 billion and is expected to grow by more than 12 per cent in CAGR. The increasing need for quality assurance and software testing across organizations is also driving market growth. The growing demand for cloud-based applications and mobile applications also contributes to the growth of the market. Fast feedback, reduced business expenses, early detection of defects and others are some of the benefits of expanding the market for test automation. Increased digitalization investment in emerging economies will also boost market growth in the coming years. On account of aforementioned factors, we presume that test automation market will show huge growth in years to come.

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Digitalization impacts every part of the retail vertical in today’s scenario, from shopping experience to supply chain and distribution network. Another trend affecting retail vertical is high investment in upgrading ERP. Equally, moving to the latest ERP business suites also involves a lot of QA and testing work that can accelerate the automation process.

Advanced automation technologies in this vertical provide real-time advertising, marketing and metrics-based decision-making. Compared to other sectors, the retail vertical is developed in terms of mobile testing due to increased smartphone production and the development of in-house mobile technology expert. In addition to mobile testing, the retail vertical moves towards cloud computing models for both running application and testing function.

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North America has the largest number of automation testing providers, and SDLC maturity is ahead of other parts of the world. The increasing adoption by organizations in the region of cloud-based applications, technologies and platforms further increased the need for enhanced testing solutions.

The spread of vertical digital transformation and the growing convergence of various technologies, such as AI, ML, IoT, and analytics, have created an impact on the region, leading to an increase in the IT budget year-on-year. In recent years, the region has also adopted agile and DevOps methodologies to develop applications that interact directly with end-users. This is primarily to improve quality by focusing on testing activities and reducing repetitive automation tasks.

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Some of the major companies included in the report include IBM Corporation, Wipro Ltd., Capgemini S.A., Cognizant Technology Solutions Corp, Infosys Ltd, Hewlett-Packard Company, Tata Consultancy Services, Hexaware Technologies, Wipro Ltd., Zensar Technologies, Qasymphony, Inc., SmartBear Inc. and Tricentis GmbH, among others.

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