Cloud Testing Market to See High CAGR Growth of 14.1% by 2026

Posted by nileshdbmr on April 1st, 2021

Global cloud testing market is set to witness a healthy CAGR of 14.1% in the forecast period of 2020- 2026. Cloud testing is a component of software testing to test cloud-based Web applications with simulated, real-world Web traffic. They have the ability to verify the cloud functions such as performance scalability and redundancy. To reinforce functional system and business requirements, cloud testing has become necessary. The main function of the cloud testing is to identify relevant testing types; create cloud testing environment; and simulation of challenges in the real world by choosing the right testing strategy.

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Segmentation: Global Cloud Testing Market

•          By Component (Testing Tools/Platforms, Services)
•          By Vertical (Retail and Ecommerce, IT and Telecom, Banking, Financial Services, and Insurance, Media and Entertainment, Transportation, Others)
•          By Geography (North America, Europe, Asia-Pacific, South America, Middle East and Africa)

Major Market Competitors/Players

Few of the major competitors currently working in the global cloud testing market are IBM Corporation; Oracle; Micro Focus; SmartBear Software; Tricentis; Akamai Technologies; Microsoft; CYGNET INFOTECH; Cavisson Systems Inc.; Cigniti Technologies; Cognizant; Capgemini.; Neotys; Invensis Technologies Pvt Ltd; Codoid; Qualitest Group; CresTech Software Systems.; CG-VAK Software & Exports Ltd.; VOLANSYS Technologies; Etelligens Technologies among others.

Competitive Analysis : Global Cloud Testing Market

Global cloud testing market is highly fragmented and the major players have used various strategies such as new product launches, expansions, agreements, joint ventures, partnerships, acquisitions, and others to increase their footprints in this market. The report includes market shares of cloud testing market for Global, Europe, North America, Asia-Pacific, South America and Middle East & Africa.

Market Drivers:

•          Increasing cloud adoption will enhance the market growth
•          Decreased price of ownership also acts as a market driver
•          Growing demand for flexible and scalable delivery model will accelerate the market growth in the forecast period
•          Rising usage of cloud sourcing technology for testing applications can contribute as a factor for the market growth

Market Restraints:

•          Strict government rules and regulation will also hamper the market growth
•          Changing consumer demand is another factor restricting the growth of this market
•          Currency fluctuation will also act as a restrain for the market