Dublin, Sept. 20, 2024 (GLOBE NEWSWIRE) -- The "Test Data Management - Global Strategic Business Report" report has been added to ResearchAndMarkets.com's offering.
The global market for Test Data Management is estimated at US$1.3 Billion in 2023 and is projected to reach US$2.7 Billion by 2030, growing at a CAGR of 11.3% from 2023 to 2030. This comprehensive report provides an in-depth analysis of market trends, drivers, and forecasts, helping you make informed business decisions. 
The growth in the test data management market is driven by several factors, including the increasing adoption of agile and DevOps practices, the rising complexity of IT environments, and stringent data privacy regulations. The demand for efficient and secure test data provisioning solutions is propelling market growth, as organizations seek to improve the accuracy and speed of their testing processes.
Technological advancements, such as AI and data virtualization, are enhancing the capabilities of TDM tools, making them more effective and user-friendly. Additionally, the growing focus on digital transformation and the need for reliable software applications are driving investments in TDM solutions. These factors collectively contribute to the robust growth of the test data management market, making it an essential component of modern software development practices.
Key Insights:
- Market Growth: Understand the significant growth trajectory of the Test Data Management Solutions segment, which is expected to reach US$1.8 Billion by 2030 with a CAGR of a 11.7%. The Test Data Management Services segment is also set to grow at 10.4% CAGR over the analysis period.
- Regional Analysis: Gain insights into the U.S. market, estimated at $413.9 Million in 2023, and China, forecasted to grow at an impressive 16.0% CAGR to reach $374.4 Million by 2030. Discover growth trends in other key regions, including Japan, Canada, Germany, and the Asia-Pacific.
Report Features:
- Comprehensive Market Data: Independent analysis of annual sales and market forecasts in US$ Million from 2023 to 2030.
- In-Depth Regional Analysis: Detailed insights into key markets, including the U.S., China, Japan, Canada, Europe, Asia-Pacific, Latin America, Middle East, and Africa.
- Company Profiles: Coverage of major players such as ANSYS Inc., BMC Software Inc., Cigniti Technologies Ltd., and more.
- Complimentary Updates: Receive free report updates for one year to keep you informed of the latest market developments.
Key Attributes:
| Report Attribute | Details |
| No. of Pages | 595 |
| Forecast Period | 2023 - 2030 |
| Estimated Market Value (USD) in 2023 | $1.3 Billion |
| Forecasted Market Value (USD) by 2030 | $2.7 Billion |
| Compound Annual Growth Rate | 11.3% |
| Regions Covered | Global |
Key Topics Covered:
MARKET OVERVIEW
- Global Rise in Software Development Provides the Foundation for Growth of Test Data Management Solutions & Tools
- Massive Opportunity for Software Development Brings Software Testing & Test Data Management Strategies Into the Spotlight: Global Market for Software Development (In US$ Billion) for Years 2023, 2025, 2027, 2029, 2031
- Global Economic Update
- Global Average Annual Brent Crude Oil Price (In US$ Per Barrel) for Years 2017 through 2024
- Global Inflation Rates (In %) for the Years 2019 through 2024
- World Economic Growth Projections (Real GDP, Annual % Change) for the Years 2020 Through 2024
- Inflation Battling Policy Measures to Slowdown Post Pandemic Recovery in Unemployment Rates: Global Number of Unemployed People (In Million) for Years 2019 Through 2024
- Competition
- Test Data Management - Global Key Competitors Percentage Market Share in 2024 (E)
- Competitive Market Presence - Strong/Active/Niche/Trivial for Players Worldwide in 2024 (E)
- Test Data Management (TDM): Overview, Importance, Benefits & Best Practices
- Recent Market Activity
- Innovations
MARKET TRENDS & DRIVERS
- Rapid Software Development Cycles Drives the Value of Test Data Management. Here's How
- Complex Software Architectures Drive the Indispensability of Software Testing & Test Data Management
- Adoption of Cloud Test Data Management (TDM) Outstrips On-Premise Solutions
- Demand for Self-Service TDM Capabilities Explodes
- Role of AI in Software Testing & Test Data Management Gets Bigger
- Adoption of Data Simulation Techniques Grows Strong in TDM Practices. Here's Why
- Data Masking Also Remains Popular Alongside Synthetic Data
- Rise of Digital Health Opens New Opportunities for Software Development, Testing & Test Data Management
- Strong Investments in Medical App Development Spurs Demand for Testing & Test Data Management
- Rise of Digital Banking Throws Up Lucrative Opportunities for Software Development, Testing & Test Data Management
- The Entire Digital Banking Ecosystem Rests on Diligently & Comprehensively Tested & Validated Software
FOCUS ON SELECT PLAYERS(Total 73 Featured)
- ANSYS Inc.
- BMC Software Inc.
- Cigniti Technologies Ltd.
- DATPROF
- Delphix Corporation
- GenRocket Inc.
- IBM Corporation
- Informatica Inc.
- Infosys Ltd.
- Mage
- Parasoft Corp.
- Red Gate Software Ltd.
- Siemens AG
- Solix Technologies Inc.
For more information about this report visit https://www.researchandmarkets.com/r/g88v5v
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