PUBLISHER: AnalystView Market Insights | PRODUCT CODE: 1419078
PUBLISHER: AnalystView Market Insights | PRODUCT CODE: 1419078
Automation Testing Market size was valued at USD 25,430.8 Million in 2022, expanding at a CAGR of 17.35% from 2023 to 2030.
Automated testing is a kind of software testing that automates the process of checking software functioning and compliance with needs before commercial release. Using automated testing, a company may run focused software tests more rapidly and without any requirement for human testers.
The industry is rising because more people are becoming willing to adopt advanced automation testing approaches like DevOps and Agile processes. These tactics help companies sell their software solutions more quickly by cutting the time it takes to automate analysis. Automation testing is urgently needed because most of the businesses rely on mobile applications and end-user sectors are rapidly becoming digital. In addition, the industry is growing because of how employment arrangements are changing.
Furthermore, the growing trend toward automated testing has been further accelerated by machine learning (ML) and artificial intelligence (AI). Automation testing is growing in popularity in the testing business since AI reduces the length of the test lifecycle. Every kind of testing, including functional, regression, performance, and automated testing, uses it. The industry is expanding because of the growing use of cloud-based automation solutions. SMEs and startups favor cloud-based automation systems because of their affordability, flexibility, and scalability. Additionally, the integration of ML and AI is substantially simplifying cloud-based automation testing solutions, which is expected to drive market growth.
The Global Automation Testing Market is segmented on the basis of Component, Enterprise Size, End-User, and Region.
The market is divided into two categories based on Component: testing type and services. The services segment dominates the market. Implementation of automation services is expected to boost the market growth.
The market is divided into two categories based on Enterprise Size: SMEs, and large enterprises. The large enterprises segment dominates the market and is likely to maintain its dominance during the forecast period. The growing in large enterprises with complex systems and multiple applications are likely to boost market growth.
The market is divided into six categories based on End-User: IT & telecom, BFSI, healthcare, energy & utilities, aerospace & defense, and others. The BFSI segment dominates the market and is likely to maintain its dominance during the forecast period. The banking and services sector is using automated software to manage software efficiently.
Geographically, this market is widespread into the regions of North America, Latin America, Europe, Asia Pacific, and the Middle East and Africa. These regions are further divided as per the nations bringing business.
Prominent companies in the automation market have increased their market share primarily through product launches and developments, which have been followed by expansions, mergers and acquisitions, contracts, agreements, partnerships, and collaborations. To improve market penetration and strengthen their position in the cutthroat sector, the companies have employed a variety of strategies.
In June 2023, Keysight Technologies, Inc. developed product called the E8717A Lidar Target Simulator (LTS), to extend its acclaimed portfolio of autonomous driving validation test solutions.
The scope of this report covers the market by its major segments, which include as follows: