Cloud Testing Market – Global Industry Analysis and Forecast (2023-2029)

Cloud Testing Market size was valued at US$ 10.69 Bn. in 2022 and the total revenue is expected to grow at a CAGR of 13.01% from 2023 to 2029, reaching nearly US$ 25.16 Bn.
Cloud Testing Market Overview:
Cloud Testing Market is expected to reach US$ 25.16 Bn. by 2029. Cloud testing is the practise of checking the quality of software on the cloud. In reality, this means conducting human and automated testing in a cloud computing environment equipped with the necessary infrastructure. This report focuses on the different segments of the Cloud Testing market (Component, Testing Tool/Platform, Service, Vertical, and Region). The major industry players and regions are thoroughly examined in this report (North America, Asia Pacific, Europe, Middle East & Africa, and South America).

It's a thorough examination of today's quick advancements in a variety of industries. The major data analysis for the historical era from 2017 to 2022 is presented using facts and numbers, visualisations, and presentations. The market drivers, restraints, opportunities, and challenges for Cloud Testing are examined in this report. The MMR report's investment suggestions are based on a thorough examination of the current competitive environment in the Cloud Testing market.To know about the Research Methodology :- Request Free Sample Report
Cloud Testing Market Dynamics:
The ability of cloud sourcing technology in software testing activities to execute quality assurance (QA) and bug removal is driving up demand for cloud testing. Due to the emergence and growing adoption of DevOps and the cloud, as well as other efficient and automated services, the cloud testing market is experiencing positive growth. DevOps and cloud environments can enable highly scalable, diverse, and complex testing and configuration environments, allowing vendors to efficiently push code through all types of tests without worrying about server configurations, deployment issues, or bottlenecks, allowing the company to focus on innovation and product improvement.

The rising adoption of machine learning (ML) across a variety of industries is also driving demand for these testing solutions. In the banking industry, machine learning is being used to model real-time transactions, and machine learning combined with AI technology can better determine fraudulent transactions. During the forecast period, organisations who are ready to enter this digital arena will experiment with high-impacting scenarios produced by ML. Testing solution providers must be able to recognise changing trends in the testing sector in order to remain competitive in the market, and they may be required to build testing scenarios that can validate all conceivable outcomes on a regular basis.

Furthermore, many multinational corporations had quickly embraced the cloud to streamline operations, save money, and improve their competitiveness. As a result, cloud testing is now required to verify the system's functionality and business needs. In addition to cloud experience, cloud testing engineers must have a broad understanding of various types of testing and technology. Businesses have suffered severely as COVID-19 has spread over the world. Some industry players have launched a number of steps to combat the crisis, which has a good impact on the market.
Cloud Testing Market Segment Analysis:
The Cloud Testing Market is segmented by Component, Testing Tool/Platform, Service, and Vertical.

Based on the Vertical, the market is segmented into Retail and ecommerce , IT and telecom, Banking, Financial Services, and Insurance (BFSI), Media and entertainment, Transportation, and Others (education, healthcare, and sports and leisure). IT and telecom segment is expected to hold the largest market share of xx% by 2029. IT and telecom enterprises may use cloud testing to get immediate feedback on the mainframe and supercharge innovation without the danger of bottlenecks disrupting operations, affecting customer experiences, or affecting revenue. On the mainframe, businesses can improve quality, velocity, and efficiency while reducing the shortage of competent developers.

AWS launched distributed load testing v1.1 in October 2020. The AWS Distributed Demand Testing service allows users to easily simulate thousands of people connecting to their application, allowing them to better understand how their application performs under load. Without needing to provision servers, the solution launches and configures containers on AWS Fargate to generate a particular number of transactions per second.

Based on the Component, the market is segmented into Testing tools/platforms, and Services. Testing tools/platforms segment is expected to grow rapidly at a CAGR of xx% during the forecast period 2023-2029. Testing tools/platforms enables online and mobile testing across numerous settings and computers without the need to develop your own infrastructure. Furthermore, cloud testing typically includes real-time user traffic monitoring and reporting, as well as load balancing and stress testing for a variety of simulated usage scenarios.
Cloud Testing Market Regional Insights:
The North American region is expected to dominate the Cloud Testing Market during the forecast period 2023-2029. The North American region is expected to hold the largest market share of xx% by 2029. Because of the region's significant use of cloud technology by end-user sectors like BFSI, healthcare, retail, and e-commerce, among others. The adoption of cloud testing services in the BFSI sector in the region is expected to be driven by the advent of omnichannel banking services and significant digitalization across the banking sector. Due to factors such as the presence of numerous firms with advanced IT infrastructure and the availability of technical skills, the region is the most mature market in terms of cloud computing services adoption.

Furthermore, the region has a high presence of cloud testing suppliers, which helps to market growth. IBM Corporation, Oracle Corporation, SOASTA Inc. (Akamai Technologies Inc.), and Microsoft Corporation are among them. The regional market's growth is expected to be driven by firms' increasing collaborative efforts to produce new and creative solutions.

Cloud-based applications are in high demand among QA and test teams across the region. The excellent financial standing has resulted in increased investment in improved testing techniques and technology.

The objective of the report is to present a comprehensive analysis of the Global Cloud Testing Market to the stakeholders in the industry. The past and current status of the industry with the forecasted market size and trends are presented in the report with the analysis of complicated data in simple language. The report covers all the aspects of the industry with a dedicated study of key players that include market leaders, followers, and new entrants.

PORTER, PESTEL analysis with the potential impact of micro-economic factors of the market has been presented in the report. External as well as internal factors that are supposed to affect the business positively or negatively have been analyzed, which will give a clear futuristic view of the industry to the decision-makers.

The reports also help in understanding the Global Cloud Testing Market dynamic and structure by analyzing the market segments and projecting the Global Cloud Testing Market size. Clear representation of competitive analysis of key players by Distribution Channel, price, financial position, product portfolio, growth strategies, and regional presence in the Cloud Testing Market make the report investor’s guide.
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Global Cloud Testing Market


Report Coverage
Details


Base Year:
2022
Forecast Period:
2023-2029


Historical Data:
2017 to 2022
Market Size in 2022:
US $ 10.69 Bn.


Forecast Period 2023 to 2029 CAGR:
13.01%
Market Size in 2029:
US $ 25.16 Bn.


 Segments Covered:
by Component
Testing tools/platforms
Services


by Testing Tool/Platform
Functional testing tools
Performance/load testing tools
Graphical User Interface (GUI) testing tools
Application Programming Interface (API) testing tools
Service virtualization tools
Cross browser testing tools


by Service
Professional services
Managed services


by Vertical
Retail and ecommerce
IT and telecom
Banking, Financial Services, and Insurance (BFSI)
Media and entertainment
Transportation
Others (education, healthcare, and sports and leisure)



Cloud Testing Market, by Region
North America (United States, Canada and Mexico)
Europe (UK, France, Germany, Italy, Spain, Sweden, Austria, Turkey, Russia and Rest of Europe)
Asia Pacific (China, India, Japan, South Korea, Australia, ASEAN and Rest of APAC)
Middle East and Africa (South Africa, GCC, Egypt, Nigeria and Rest of ME&A)
South America (Brazil, Argentina, Columbia and Rest of South America)
Cloud Testing Market, Key Players are
1. IBM
2. Oracle
3. CA Technologies
4. Micro Focus
5. SmartBear Software
6. SOASTA
7. Xamarin
8. Cavisson Systems
9. Tricentis
10. Cigniti
11. Cognizant
12. Capgemini
13. Akamai Technologies
14. Microsoft
15. CYGNET INFOTECH
16. Neotys
17. Invensis Technologies Pvt Ltd
18. Codoid
19. Qualitest Group
20. CresTech Software Systems

Frequently Asked Questions:

1] Which region is expected to hold the highest share in the Cloud Testing Market?
Ans. North America is expected to hold the highest share in the Cloud Testing Market.

2] Who are the top key players in the Cloud Testing Market?
Ans. IBM, Oracle, CA Technologies, Micro Focus, SmartBear Software, SOASTA, and Xamarin are the top key players in the Cloud Testing Market.

3] Which segment is expected to hold the largest market share in the Cloud Testing Market by 2029?
Ans. IT and telecom segment is expected to hold the largest market share in the Cloud Testing Market by 2029.

4] What is the market size of the Cloud Testing Market by 2029?
Ans. The market size of the Cloud Testing Market is expected to reach US $ 25.16 Bn. by 2029.

5] What was the market size of the Cloud Testing Market in 2022?
Ans. The market size of the Cloud Testing Market was worth US $ 10.69 Bn. in 2022.