Testing as a Service Market Size and Forecasts (2021 - 2031), Global and Regional Share, Trends, and Growth Opportunity Analysis

MARKET OVERVIEW

Testing as a Service (TaaS) is also known as on-demand testing, which is a cloud-based platform where organizations can transfer their testing facilities to third-party service providers. This platform is mostly suitable for specialized testing efforts, which dont require a lot of in-depth knowledge of the design or the product system. Services, which are well-suited for the TaaS model include performance testing, testing of major enterprise resource planning (ERP) software, automated regression testing, security testing, and monitoring or testing of cloud-based applications..

MARKET SCOPE

The "Global Testing as a Service Market Analysis to 2031" is a specialized and in-depth study of the technology, media and telecommunication industry with a special focus on the global market trend analysis. The report aims to provide an overview of the testing as a service market with detailed market segmentation by organization size, product, industry vertical and geography. The report provides key statistics on the market status of the leading testing as a service market players and offers key trends and opportunities in the market.

MARKET SEGMENTATION

•   Based on organization size, the global testing as a service market is segmented into SMES, large enetrprises
  
•   On the basis of product, the market is segmented into functional testing, load testing, performance and benchmark testing, regression testing, specialized testing, mobile application testing, others, BFSI
  
•   Based on industry vertical, the market is bifurcated into retail and consumer goods, healthcare, energy and utilities, transportation and logistics, IT and telecom, media and entertainment, others
  

MARKET DYNAMICS

Drivers:

•   Increase in need to reduce operational time and cost by enterprises drives the market. In addition, increase in technological complexities, costs, and security issues as well as rise in focus on developing innovative products propel the growth of the market.
  

Restraints:

•   Lack of skilled professionals limits the growth of this market.
  

REGIONAL FRAMEWORK

The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides an overview and forecast of the global market based on various segments. It also provides market size and forecast estimates from the year 2021 to 2031 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), the Middle East and Africa (MEA), and South America. The testing as a service market by each region is later sub-segmented by respective countries and segments. The report covers the analysis and forecast of 18 countries globally along with the current trend and opportunities prevailing in the region.

The report analyzes factors affecting the market from both demand and supply side and further evaluates market dynamics affecting the marketduring the forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA, and South America after evaluating political, economic, social and technological factors affecting the testing as a service market in these regions.

IMPACT OF COVID-19 ON TESTING AS A SERVICE MARKET
COVID-19 first began in Wuhan (China) during December 2019 and since then it has spread at a fast pace across the globe. The US, India, Brazil, Russia, France, the UK, Turkey, Italy, and Spain are some of the worst affected countries in terms confirmed cases and reported deaths. The COVID-19 has been affecting economies and industries in various countries due to lockdowns, travel bans, and business shutdowns. Shutdown of various plants and factories has affected the global supply chains and negatively impacted the manufacturing, delivery schedules, and sales of products in global market. Few companies have already announced possible delays in product deliveries and slump in future sales of their products. In addition to this, the global travel bans imposed by countries in Europe, Asia-Pacific, and North America are affecting the business collaborations and partnerships opportunities.

MARKET PLAYERS

The report covers key developments in the testing as a service market as organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals and others such as patents and events. Inorganic growth strategies activities witnessed in the marketwere acquisitions, and partnership & collaborations. These activities have paved way for the expansion of business and customer base of market players. The market payers from testing as a service market are anticipated to lucrative growth opportunities in the future with the rising demand in the global market.

The report also includes the profiles of key companies along with their SWOT analysis and market strategies in the testing as a service market. In addition, the report focuses on leading industry players with information such as company profiles, components, and services offered, financial information of the last 3 years, the key development in the past five years.

•   Accenture Plc
  
•   Atos SE
  
•   Capgemini SE
  
•   Cognizant Technology Solutions Corp.
  
•   Deloitte Touche Tohmatsu Limited
  
•   DXC Technology Company
  
•   Infosys Limited
  
•   IBM Corporation
  
•   Tata Consultancy Services Limited
  
•   Qualitest
  
  

The Insight Partner's dedicated research and analysis team consist of experienced professionals with advanced statistical expertise and offer various customization options in the existing study.

Testing as a Service Report Scope