- October 27, 2021
- Posted by: Swati.patel
- Category: Press Release
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The Automation Testing market worldwide is projected to grow by US$17.6 Billion, driven by a compounded growth of 17.7%.
Functional, one of the segments analyzed and sized in this study, displays the potential for test automation services to grow at over 17.9%. The shifting dynamics supporting this growth make it critical for businesses in this space to keep abreast of the changing pulse of the market. Poised to reach over US$13.7 Billion by the year 2025, Functional will bring in healthy gains adding significant momentum to global growth.
Representing the developed world, the United States will maintain a 15.7% growth momentum. Within Europe, which continues to remain an important element in the world economy, Germany will add over US$672.8 Million to the region’s size and clout in the next 5 to 6 years. Over US$563.1 Million worth of projected demand in the region will come from the rest of the European markets. In Japan, Functional will reach a market size of US$631.3 Million by the close of the analysis period. As the world’s second-largest economy and the new game-changer in global markets, China exhibits the potential to grow at 22.6% over the next couple of years and add approximately US$4.4 Billion in terms of addressable opportunity for the picking by aspiring businesses and their astute leaders.
Presented in visually rich graphics are these and many more need-to-know quantitative data important in ensuring the quality of strategy decisions, be it entry into new markets or allocation of resources within a portfolio. Several macroeconomic factors and internal market forces will shape the growth and development of demand patterns in emerging countries in Asia-Pacific, Latin America, and the Middle East. All research viewpoints presented are based on validated engagements from influencers in the market, whose opinions supersede all other research methodologies including those related to test automation frameworks.
Competitors identified in this market include:
- Afour Technologies
- Applitools Ltd.
- Astegic Inc.
- CA Technologies, Inc.
- Capgemini SE
- Cigniti Technologies Ltd.
- Codoid
- Cygnet Infotech Pvt. Ltd.
- IBM Corporation
- Infostretch Corporation
- Invensis Technologies
- Micro Focus International PLC
- Microsoft Corporation
- Mobisoft Infotech LLC.
- Parasoft
- QA Mentor, Inc.
- QASource
- Ranorex GmbH
- SmartBear Software, Inc.
- Testim.Io
- Tricentis GmbH
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