Selbyville, Delaware, Sept. 26, 2023 (GLOBE NEWSWIRE) --
The crowdsourced testing market valuation is estimated to cross USD 7.9 billion by 2032, , as reported in a research study by Global Market Insights Inc.
The rapid proliferation of mobile devices and apps along with the consequently rising popularity of crowdsourced mobile testing services will drive the market growth. As per a new report by CasinosEnLigne.com, mobile phones were responsible for 59% of the global web traffic in 2022.
Crowdsourced testing helps in evaluating mobile apps for usability, functionality, performance, and compatibility in various devices and operating systems. The growing demand for testing eCommerce applications led by the rising prominence of online shopping will also prove favourable for the industry expansion.
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Crowdsourced testing market from the performance testing type segment will garner immense traction through 2032. The growth is owing to the surging need to render real-world insights along with flexibility, scalability, and diversity in testing scenarios to assist organizations in identifying and addressing several issues impacting users. To cite an instance, in October 2021, leading downstream solar and storage firm PV Evolution Labs introduced the Crowd Power Performance Qualification Program (PQP) to provide enhanced inverter performance. Rising integration into CI/CD pipelines and the robust expansion of E-commerce and online retail will contribute to the market demand.
The SME’s enterprise size segment is expected to record significant share of the crowdsourced testing market share by 2032. Due to the presence of limited resources, such as budgets and in-house testing expertise, crowdsourced testing has emerged as cost-effective and efficient solution to ensure the quality of software products. It is also adopted for regression testing to ensure that new updates and changes do not lead to unexpected issues into the software. The growing importance of valuable feedback from real users in SMEs to identify usability issues, suggest improvements, and offer insights into user experience will also contribute to the market revenue.
Europe crowdsourced testing market will exceed USD 2.1 billion by 2032, impelled by the rising frequency and sophistication of cyberattacks along with the consequent need for security testing to identify vulnerabilities in software applications. According to Europa, 28% of the SMEs in Europe experienced at least one type of cybercrime in 2021. Crowdsourced testing services are widely deployed in finance, healthcare, and government sectors for ensuring that software meets the stringent regulatory requirements. The continuous development and innovations in the technology ecosystem driven by the growing number of startups, enterprises, and research institutions will influence the regional industry growth.
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Leading crowdsourced testing market players include Cigniti Technologies, Cobalt Labs Inc., Applause App Quality Inc., Global App Testing, Infosys Limited, Test IO Inc., Synack Inc. and Testlio Inc. These firms are placing targeted efforts on partnership and expansion initiatives to reinforce their global presence. For instance, Testlio, in May 2023, teamed up with prominent crowdsourced cybersecurity firm Bugcrowd for delivering comprehensive quality as well as security through crowdsourced testing for affordable DevSecOps.
Partial chapters of report table of contents (TOC):
Chapter 2 Executive Summary
2.1 Crowdsourced testing market 360º synopsis, 2018 - 2032
2.2 Business trends
2.2.1 Total Addressable Market (TAM), 2023-2032
2.3 Regional trends
2.4 Component trends
2.5 Testing type trends
2.6 Application trends
2.7 Enterprise size trends
2.8 Industry vertical trends
Chapter 3 Crowdsourced Testing Market Insights
3.1 Impact on COVID-19
3.2 Russia- Ukraine war impact
3.3 Industry ecosystem analysis
3.4 Vendor matrix
3.5 Profit margin analysis
3.6 Technology innovation landscape
3.7 Patent analysis
3.8 Key news and initiatives
3.9 Regulatory landscape
3.10 Impact forces
3.10.1 Growth drivers
3.10.1.1 Cost effectiveness and scalability offered by crowdsourced testing
3.10.1.2 Growing use of mobile applications
3.10.1.3 Increasing digital transformation across the globe
3.10.1.4 Rising need for scaling quality assurance of software to improve customer experience
3.10.1.5 Increasing application of IoT in various industries
3.10.2 Industry pitfalls & challenges
3.10.2.1 Concerns over data privacy regulations
3.10.2.2 Maintaining effective communication between remote testers
3.11 Growth potential analysis
3.12 Porter’s analysis
3.13 PESTEL analysis
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About Global Market Insights Inc.
Global Market Insights Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider, offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy, and biotechnology.
