PUBLISHER: Lucintel | PRODUCT CODE: 1417192
PUBLISHER: Lucintel | PRODUCT CODE: 1417192
The future of the global automation testing market looks promising with opportunities in the BFSI, automotive, defense and aerospace, healthcare and life sciences, retail, telecom, IT & ITeS, manufacturing, logistics and transportation, energy and utilities, and media and entertainment markets. The global automation testing market is expected to reach an estimated $72.6 billion by 2030 with a CAGR of 17.0% from 2024 to 2030. The major drivers for this market are rising use of automation systems based in the cloud, increasing use of DevOps and Agile in software development, and growing use of ML and AI combined in test automation, and growing use of ML and AI combined in test automation.
A more than 150-page report is developed to help in your business decisions.
The study includes a forecast for the global automation testing by component, testing type, dynamic testing, end use industry, and region.
Companies in the market compete on the basis of product quality offered. Major players in this market focus on expanding their manufacturing facilities, R&D investments, infrastructural development, and leverage integration opportunities across the value chain. With these strategies automation testing companies cater increasing demand, ensure competitive effectiveness, develop innovative products & technologies, reduce production costs, and expand their customer base. Some of the automation testing companies profiled in this report include-
Lucintel forecasts that testing type is expected to witness highest growth over the forecast period.
North America is expected to witness highest growth over the forecast period due to rise in the DevOps practices and CI/CD pipelines in this region.
Market Size Estimates: Automation testing market size estimation in terms of value ($B).
Trend and Forecast Analysis: Market trends (2018 to 2023) and forecast (2024 to 2030) by various segments and regions.
Segmentation Analysis: Automation testing market by various segments, such as by component, testing type, dynamic testing, end use industry and region in terms of($B).
Regional Analysis: Automation testing market breakdown by North America, Europe, Asia Pacific, and Rest of the World.
Growth Opportunities: Analysis of growth opportunities in different , component, testing type, dynamic testing, end use industry, and regions for the automation testing market.
Strategic Analysis: This includes M&A, new product development, and competitive landscape of the automation testing market.
Analysis of competitive intensity of the industry based on Porter's Five Forces model.
Q.1 What is the automation testing market size?
Answer: The global automation testing market is expected to reach an estimated $72.6 billion by 2030.
Q.2 What is the growth forecast for automation testing market?
Answer: The global automation testing market is expected to grow with a CAGR of 17.0% from 2024 to 2030.
Q.3 What are the major drivers influencing the growth of the automation testing market?
Answer: The major drivers for this market are rising use of automation systems based in the cloud, increasing use of DevOps and Agile in software development, and growing use of ML and AI combined in test automation, and growing use of ML and AI combined in test automation.
Q4. What are the major segments for automation testing market?
Answer: The future of the automation testing market looks promising with opportunities in the BFSI, automotive, defense and aerospace, healthcare and life sciences, retail, telecom, IT & ITeS, manufacturing, logistics and transportation, energy and utilities, and media and entertainment markets.
Q5. Who are the key automation testing market companies?
Answer: Some of the key automation testing companies are as follows.
Q6. Which automation testing market segment will be the largest in future?
Answer: Lucintel forecasts that testing type is expected to witness highest growth over the forecast period.
Q7. In automation testing market, which region is expected to be the largest in next 5 years?
Answer: North America is expected to witness highest growth over the forecast period due to rise in the DevOps practices and CI/CD pipelines in this region.
Q.8 Do we receive customization in this report?
Answer: Yes, Lucintel provides 10% customization without any additional cost.