New York, US, April 10, 2023 (GLOBE NEWSWIRE) -- Market Research Future Insights
According to a comprehensive research report by Market Research Future (MRFR), “Cloud Testing Market by Component, by Deployment, by Platform, and by End-users - Forecast till 2030”, valuation is poised to grow at 12.33% CAGR throughout the forecast period (2022-2030).
DevOps, the introduction and widespread adoption of the cloud, as well as other effective and automated services, have all contributed to the good growth of the cloud testing industry. DevOps and cloud environments can create testing and configuration environments that are highly scalable, diverse, and complex, allowing vendors to efficiently push code through various tests without worrying about server configurations, deployment problems, or bottlenecks, allowing the organization to concentrate on product innovation and improvement.
Competitive Analysis
Due to the presence of numerous established big businesses and startups, the cloud testing industry is neither consolidated orelect fragmented. To the contrary, major corporations like Microsoft Corporation, Akamai Technologies Inc., and Broadcom Inc. bought out smaller businesses like Xamarin Inc., SOASTA Inc., and BlazeMeter LLC. During the course of the projection year, this is anticipated to intensify the competition between them. To strengthen their position in the market, vendors are implementing tactics including new product launches and alliances. To diversify their product offering, the vendors are also buying up additional start-ups that provide cloud testing solutions.
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The demand for these testing solutions is also being fueled by the quick uptake of machine learning (ML) in numerous industries. In the banking industry, ML is used to simulate real-time transactions, and it can be used in conjunction with AI technologies to identify fraudulent transactions. In the upcoming years, businesses that are prepared to enter this digital space will test out high impact scenarios created by ML
Cloud Testing Market Report Scope:
| Report Metrics | Details |
| Cloud Testing Market Size by 2030 | USD 22.12 Billion |
| CAGR during 2022-2030 | 12.33% |
| Base Year | 2021 |
| Forecast | 2022-2030 |
| Report Coverage | Revenue Forecast, Competitive Landscape, Growth Factors, and Trends |
| Key Market Drivers | The rising technology also tracks and analyzes the competitive developments |
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In order to remain competitive in the market, providers of testing solutions must be able to comprehend the changing trends in the testing industry. To do this, they may continually need to create testing scenarios that can validate all potential results.
Additionally, a lot of big businesses have quickly embraced the cloud to simplify operations, save money, and boost their competitiveness. Cloud testing is now required to verify the functioning system and business requirements as a result. Cloud testing engineers also need to be knowledgeable about various testing techniques and tools in addition to previous expertise with the cloud.
Covid 19 Impact
Businesses suffered greatly when COVID-19 spread rapidly around the globe. A few market participants have launched a few measures to address the problem, which has a good effect on the market. According to the French government, the first Bluetooth-based European application, called "StopCovid," was released in France in June 2020 and downloaded more than 600 000 times on that day from both the Apple Store and Google Play (Android). The market for cloud testing will experience tremendous growth as a result of these application launches.
Industry Trends
AWS unveiled distributed load testing v1.1 in October 2020. To better understand how well an application performs under demand, users may quickly simulate thousands of people connecting to it with the help of distributed load testing on Amazon. Without needing to provision servers, the solution launches and sets up containers on AWS Fargate to produce a certain number of transactions per second.
To ensure the reliable delivery of services, telecom companies have been onboarding network service providers over the past two years. For instance, in March 2020, NTT DOCOMO selected Ericsson to provide its radio access network with AI-powered optimisation solutions (RAN). The solution from Ericsson improves end-user usability in service provider networks while lowering total cost of ownership. The rise of performance and load testing solutions in the telecom industry is boosted by the growing acceptance of such AI-enabled solutions for the development of systems and networks.
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Cloud Testing Market Segmentation
Web applications are tested using cloud computing environments in a process known as "cloud testing," which is a type of software testing. Software testing on the cloud makes use of cloud infrastructure. This enables businesses to take advantage of the scalable, service-based, pay-as-you-go cloud computing architecture. The market scope encompasses the various end-user industries—including healthcare, BFSI, media and entertainment, among others—that embrace and use cloud testing tool types and services.
The cloud testing market is divided into segments based on geography, end-user industries (BFSI, healthcare, retail, and e-commerce), enterprise size (small and medium enterprise, large enterprise), and components (tool type, service).
Regional Analysis
Due to the region's widespread adoption of cloud technology by end-user industries including BFSI, healthcare, retail, and e-commerce, among others, North America is predicted to hold the lion's share of the global market for cloud testing. For instance, the use of cloud testing services in the BFSI sector in the region is being boosted by the rise of omnichannel banking services and the extensive digitalization throughout the banking sector.
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Due to factors like the existence of several businesses with sophisticated IT infrastructure and the accessibility of technical skills, the region is the most developed market in terms of the use of cloud computing services.
Also, cloud testing vendors have a large presence in the area, which helps the market expand. They include, among others, SOASTA Inc. (Akamai Technologies Inc.), IBM Corporation, Oracle Corporation, and Microsoft Corporation. The market's growth will be accelerated by the increasing corporate collaboration on the development of novel and creative solutions.
The region's QA and test teams have a significant demand for cloud-based applications. Investments in improved testing methods and technologies have been flowing as a result of the good financial standing. Furthermore, BYOD policies are encouraging more businesses to use cloud testing solutions. For instance, according to a poll by Cisco, 69% of IT decision-makers saw BYOD as a positive addition to workplace policies because it saves employees' time. According to estimates, BYOD usage increased by 44.42% during the previous three years in the US IT sector.
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