Automation Testing Trends and Forecast
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. Sample figures with some insights are shown below.
Automation Testing by Segment
The study includes a forecast for the global automation testing by component, testing type, dynamic testing, end use industry, and region.
Automation Testing Market by Component [Shipment Analysis by Value from 2018 to 2030]:
• Testing Type
• Services
Automation Testing Market by Testing Type [Shipment Analysis by Value from 2018 to 2030]:
• Static Testing
• Dynamic Testing
Automation Testing Market by Dynamic Testing [Shipment Analysis by Value from 2018 to 2030]:
• Functional Testing
• Non-Functional Testing
Automation Testing Market by End Use Industry [Shipment Analysis by Value from 2018 to 2030]:
• BFSI
• Automotive
• Defense and Aerospace
• Healthcare and Life Sciences
• Retail
• Telecom
• IT & ITeS
• Manufacturing
• Logistics and Transportation
• Energies and Utilities
• Media and Entertainment
Automation Testing Market by Region [Shipment Analysis by Value from 2018 to 2030]:
• North America
• Europe
• Asia Pacific
• The Rest of the World
List of Automation Testing Companies
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-
• Accenture
• AFour Technologies
• Applitools
• Astegic
• Broadcom
• Capgemini
• Cigniti Technologies
• Codoid
• Cygnet Infotech
• IBM
• Invensis
Automation Testing Market Insights
Lucintel forecasts that testing type is expected to witness highest growth over the forecast period.
Within this market, BFSI will remain the largest segment due to implementation of complex test automation tools and frameworks
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.
Features of the Global Automation Testing Market
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.
FAQ
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:
• Accenture
• AFour Technologies
• Applitools
• Astegic
• Broadcom
• Capgemini
• Cigniti Technologies
• Codoid
• Cygnet Infotech
• IBM
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.
This report answers following 11 key questions:
Q.1. What are some of the most promising, high-growth opportunities for the automation testing market by component (testing type and services), testing type (static testing and dynamic testing), dynamic testing (functional testing and non-functional testing), end use industry (BFSI, automotive, defense and aerospace, healthcare and life sciences, retail, telecom, IT & ITeS, manufacturing, logistics and transportation, energy and utilities, and media and entertainment), and region (North America, Europe, Asia Pacific, and the Rest of the World)?
Q.2. Which segments will grow at a faster pace and why?
Q.3. Which region will grow at a faster pace and why?
Q.4. What are the key factors affecting market dynamics? What are the key challenges and business risks in this market?
Q.5. What are the business risks and competitive threats in this market?
Q.6. What are the emerging trends in this market and the reasons behind them?
Q.7. What are some of the changing demands of customers in the market?
Q.8. What are the new developments in the market? Which companies are leading these developments?
Q.9. Who are the major players in this market? What strategic initiatives are key players pursuing for business growth?
Q.10. What are some of the competing products in this market and how big of a threat do they pose for loss of market share by material or product substitution?
Q.11. What M&A activity has occurred in the last 5 years and what has its impact been on the industry?
For any questions related to Automation Testing Market, Automation Testing Market Size, Automation Testing Market Growth, Automation Testing Market Analysis, Automation Testing Market Report, Automation Testing Market Share, Automation Testing Market Trends, Automation Testing Market Forecast, Automation Testing Companies, write Lucintel analyst at email: helpdesk@lucintel.com. We will be glad to get back to you soon.