Cloud Testing Market Sales Strategy, Industry Landscape, Global Significant Growth 2023

 The report "Cloud Testing Market by Component (Testing Tools/Platforms and Services), Testing Tool/Platform (Functional Testing, API Testing), Service (Managed Services and Professional Services), Vertical, and Region - Global Forecast to 2022", The cloud testing market is expected to grow from USD 5.55 Billion in 2017 to USD 10.24 Billion by 2022, at a Compound Annual Growth Rate (CAGR) of 13.01% during the forecast period. The increasing adoption of the cloud technology across businesses, reduced cost of ownership, and the scalability and flexibility offered by cloud-based testing platforms are some of the major factors expected to drive the growth of the cloud testing market.

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Top Key Players

The major vendors who offer cloud testing solutions and services across the globe are IBM (US), Oracle (US), CA Technologies (US), Micro Focus (UK), SmartBear Software (US), SOASTA (US), Xamarin (US), Cygnet Infotech (India), Cavisson Systems (US), Tricentis (Austria), Cigniti (India), Cognizant (US), and Capgemini (France). These vendors have adopted various organic and inorganic growth strategies, such as new product launches, partnerships, and collaborations, to enhance their position in the cloud testing market.

The functional testing tools segment is expected to have the largest market size during the forecast period.

Functional testing, being a staple of Quality Assurance (QA) management, ensures the Application Under Test (AUT) complies with the business requirements. Cloud-based functional testing tools offer several advantages, such as quick setup and tool deployment, high productivity, and shorter test cycles. They enable the test teams to test applications from anywhere in the world, thereby improving the collaboration between disparate team members.

The retail and eCommerce vertical is expected to have the largest market size during the forecast period.

The retail and eCommerce vertical includes online retailers who leverage the cloud technology to provide their offerings to their customers. The increasing competition among eCommerce giants is acting as a threat to the brick-and-mortar stores, with a rising number of online retailers operating through web and mobile apps. Thus, customer service and satisfaction are of foremost importance to these retailers which can be achieved through continuous delivery and uninterrupted functioning of the digital offerings. Cloud testing tools and services offer on-demand services to these retailers to load test their applications that are accessed by multiple users per second. This eases the load testing of the applications and scales up the tests whenever required, thereby facilitating continuous delivery.

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The research report categorizes the cloud testing market to forecast the revenues and analyze the trends in each of the following submarkets:

Cloud Testing Market By Component

Testing tools/platforms

Services

Cloud Testing Market 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

Cloud Testing Market By Service

Professional services

Managed services

Cloud Testing Market 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

Europe

MEA

APAC

Latin America

Available Customizations

With the given market data, MarketsandMarkets offers customizations as per the company’s specific needs. The following customization options are available for the report:

Product Analysis

Product matrix that gives a detailed comparison of the product portfolio of each company

Geographic Analysis

Further breakdown of the North American cloud testing market into countries

Further breakdown of the European market into countries

Further breakdown of the APAC market into countries

Further breakdown of the MEA market into countries

Further breakdown of the Latin American market into countries

About MarketsandMarkets™

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Our 850 fulltime analyst and SMEs at MarketsandMarkets™ are tracking global high growth markets following the "Growth Engagement Model – GEM". The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write "Attack, avoid and defend" strategies, identify sources of incremental revenues for both the company and its competitors. MarketsandMarkets™ now coming up with 1,500 MicroQuadrants (Positioning top players across leaders, emerging companies, innovators, strategic players) annually in high growth emerging segments. MarketsandMarkets™ is determined to benefit more than 10,000 companies this year for their revenue planning and help them take their innovations/disruptions early to the market by providing them research ahead of the curve.

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