HOME Top Market Reports Cloud Testing Market by Component (Testing Tools/Platforms and Services), Testing Tool/Platform (Functional Testing, API Testing), Service (Managed Services and Professional Services), Vertical, and Region - Global Forecast to 2022

Cloud Testing Market by Component (Testing Tools/Platforms and Services), Testing Tool/Platform (Functional Testing, API Testing), Service (Managed Services and Professional Services), Vertical, and Region - Global Forecast to 2022

By: marketsandmarkets.com
Publishing Date: February 2018
Report Code: TC 5970

 

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The cloud testing market accounted for USD 5.13 Billion in 2016 and is projected to reach USD 10.24 Billion by 2022, at a Compound Annual Growth Rate (CAGR) of 13.01% during the forecast period. The forecast period has been considered from 2017 to 2022, while 2016 has been considered as the base year for estimating the market study.

Objectives of the Study:

The main objective of this report is to define, describe, and forecast the cloud testing market by component, testing tool/platform, service, vertical, and region. The report provides detailed information about the major factors influencing the growth of the market (drivers, restraints, opportunities, and industry-specific challenges). The report forecasts the market size with respect to the 5 main regions, namely, North America, Europe, Asia Pacific (APAC), Middle East and Africa (MEA), and Latin America. The report profiles the key players and comprehensively analyzes their core competencies. It also tracks and analyzes the competitive developments, such as mergers and acquisitions, new product developments, and Research and Development (R&D) activities, in the market.

The research methodology used to estimate and forecast the cloud testing market began with the collection and analysis of the data on the key vendors’ product offerings and business strategies from secondary sources, such as D&B Hoovers, 10K Wizard, Bloomberg, Thomson StreetEvents, Factiva, IT service providers, technology providers, press releases, investor presentations of companies, white papers, technology journals, certified publications, and articles from recognized authors, directories, and databases. Vendor offerings have also been taken into consideration to determine the market segmentation. The bottom-up procedure was employed to arrive at the total market size of the market from the revenue of the key software tool and service providers. After arriving at the overall market size, the total market was split into several segments and subsegments, which were then verified through primary research by conducting extensive interviews with key people, such as Chief Executive Officers (CEOs), Vice Presidents (VPs), directors, and executives.

Cloud Testing Market

To know about the assumptions considered for the study, download the pdf brochure

Industry Ecosystem

The cloud testing ecosystem comprises vendors such as IBM (US), Oracle (US), CA Technologies (US), Micro Focus (UK), SmartBear Software (US), SOASTA (US), Xamarin (US), Cygnet Infotech (India), Cavisson Systems (US), Tricentis (Austria), Cigniti (India), Cognizant (US), and Capgemini (France).

Key Target Audience

  • Cloud testing solution providers
  • Cloud testing service providers
  • IT solution providers
  • Cloud service providers
  • Network solution providers
  • System integrators
  • Independent service providers

Scope of the Report

The research report categorizes the cloud testing market to forecast the revenues and analyze the trends in each of the following submarkets:

By Component

  • Testing tools/platforms
  • Services

By Testing Tool/Platform

  • Functional testing tools
  • Performance/load testing tools
  • Graphical User Interface (GUI) testing tools
  • Application Programming Interface (API) testing tools
  • Service virtualization tools
  • Cross browser testing tools

By Service

  • Professional services
  • Managed services

By Vertical

  • Retail and eCommerce   
  • IT and telecom
  • Banking, Financial Services, and Insurance (BFSI)
  • Media and entertainment
  • Transportation
  • Others (education, healthcare, and sports and leisure)

By Region

  • North America
  • Europe
  • MEA
  • APAC
  • Latin America

Available Customizations

With the given market data, MarketsandMarkets offers customizations as per the company’s specific needs. The following customization options are available for the report:

Product Analysis

  • Product matrix that gives a detailed comparison of the product portfolio of each company

Geographic Analysis

  • Further breakdown of the North American cloud testing market into countries
  • Further breakdown of the European market into countries
  • Further breakdown of the APAC market into countries
  • Further breakdown of the MEA market into countries
  • Further breakdown of the Latin American market into countries

Company Information

  • Detailed analysis and profiling of additional market players

Table of Contents

1 Introduction (Page No. - 15)
    1.1 Objectives of the Study
    1.2 Market Definition
    1.3 Market Scope
    1.4 Years Considered for the Study
    1.5 Currency Considered
    1.6 Stakeholders

2 Research Methodology (Page No. - 18)
    2.1 Research Data
           2.1.1 Secondary Data
           2.1.2 Primary Data
                    2.1.2.1 Break Down of Primaries
                    2.1.2.2 Key Industry Insights
    2.2 Market Size Estimation
           2.2.1 Bottom-Up Approach
           2.2.2 Top-Down Approach
    2.3 Research Assumptions
    2.4 Limitations

3 Executive Summary (Page No. - 25)

4 Premium Insights (Page No. - 29)
    4.1 Attractive Market Opportunities in the Cloud Testing Market
    4.2 Market, By Component
    4.3 Market, By Testing Tool/Platform
    4.4 Market, By Vertical and Region
    4.5 North America: Cloud Testing Market, By Vertical

5 Market Overview (Page No. - 32)
    5.1 Market Dynamics
           5.1.1 Drivers
                    5.1.1.1 Rapidly Growing Cloud Adoption
                    5.1.1.2 Flexible and Scalable Delivery Model
                    5.1.1.3 Reduced Cost of Ownership
           5.1.2 Restraints
                    5.1.2.1 Stringent Government Rules and Regulations
           5.1.3 Opportunities
                    5.1.3.1 Advancements in IoT and Machine Learning Technologies
                    5.1.3.2 Increasing Demand for Devops and Agile Practices for SDLC
           5.1.4 Challenges
                    5.1.4.1 Data Security Concerns
                    5.1.4.2 Lack of Skilled Cloud Testing Professionals

6 Cloud Testing Market, By Component (Page No. - 36)
    6.1 Introduction
    6.2 Testing Tools/Platforms
           6.2.1 Testing Tools/Platforms, By Type
                    6.2.1.1 Functional Testing Tools
                    6.2.1.2 Performance/Load Testing Tools
                    6.2.1.3 GUI Testing Tools
                    6.2.1.4 API Testing Tools
                    6.2.1.5 Service Virtualization Tools
                    6.2.1.6 Cross Browser Testing Tools
    6.3 Services
           6.3.1 Services, By Type
                    6.3.1.1 Professional Services
                    6.3.1.2 Managed Services

7 Cloud Testing Market, By Vertical (Page No. - 46)
    7.1 Introduction
    7.2 Retail and Ecommerce
    7.3 IT and Telecom
    7.4 Banking, Financial Services, and Insurance
    7.5 Media and Entertainment
    7.6 Transportation
    7.7 Others

8 Cloud Testing Market, By Region (Page No. - 54)
    8.1 Introduction
    8.2 North America
           8.2.1 United States
           8.2.2 Canada
    8.3 Europe
           8.3.1 United Kingdom
           8.3.2 France
           8.3.3 Others
    8.4 Asia Pacific
           8.4.1 China
           8.4.2 Japan
           8.4.3 Others
    8.5 Middle East and Africa
           8.5.1 Middle East
           8.5.2 Africa
    8.6 Latin America
           8.6.1 Brazil
           8.6.2 Mexico
           8.6.3 Others

9 Competitive Landscape (Page No. - 97)
    9.1 Overview
    9.2 Competitive Scenario
           9.2.1 New Solution Launches and Product Upgradations
           9.2.2 Partnerships, Agreements, and Collaborations
           9.2.3 Mergers and Acquisitions
    9.3 Market Ranking Analysis

10 Company Profiles (Page No. - 101)
(Business Overview, Solutions and Services Offered, Recent Developments, SWOT Analysis, MnM View)*
     10.1 Introduction
     10.2 IBM
     10.3 Oracle
     10.4 CA Technologies
     10.5 Micro Focus
     10.6 Smartbear Software
     10.7 Tricentis
     10.8 Soasta
     10.9 Xamarin
     10.10 Cygnet Infotech
     10.11 Cavisson Systems
     10.12 Cigniti
     10.13 Cognizant
     10.14 Capgemini
*Details on Business Overview, Solutions and Services Offered, Recent Developments, SWOT Analysis, MnM View Might Not Be Captured in Case of Unlisted Companies.
     10.15 Key Innovators
             10.15.1 Customercentrix
             10.15.2 Neotys

11 Appendix (Page No. - 132)
     11.1 Discussion Guide
     11.2 Knowledge Store: Marketsandmarkets’ Subscription Portal
     11.3 Introducing RT: Real-Time Market Intelligence
     11.4 Available Customizations
     11.5 Related Reports
     11.6 Author Details


List of Tables (102 Tables)

Table 1 United States Dollar Exchange Rate, 2014–2016
Table 2 Cloud Testing Market Size, By Component, 2015–2022 (USD Million)
Table 3 Testing Tools/Platforms: Market Size, By Region, 2015–2022 (USD Million)
Table 4 Testing Tools/Platforms: Market Size, By Type, 2015–2022 (USD Million)
Table 5 Functional Testing Tools Market Size, By Region, 2015–2022 (USD Million)
Table 6 Performance/Load Testing Tools Market Size, By Region, 2015–2022 (USD Million)
Table 7 Graphical User Interface Testing Tools Market Size, By Region, 2015–2022 (USD Million)
Table 8 Application Programming Interface Testing Tools Market Size, By Region, 2015–2022 (USD Million)
Table 9 Service Virtualization Tools Market Size, By Region, 2015–2022 (USD Million)
Table 10 Cross Browser Testing Tools Market Size, By Region, 2015–2022 (USD Million)
Table 11 Services: Cloud Testing Market Size, By Region, 2015-2022 (USD Million)
Table 12 Services: Cloud Testing Market Size, By Type, 2015–2022 (USD Million)
Table 13 Professional Services Market Size, By Region, 2015–2022 (USD Million)
Table 14 Managed Services Market Size, By Region, 2015–2022 (USD Million)
Table 15 Cloud Testing Market Size, By Vertical, 2015–2022 (USD Million)
Table 16 Retail and Ecommerce: Market Size, By Region, 2015–2022 (USD Million)
Table 17 IT and Telecom: Market Size, By Region, 2015–2022 (USD Million)
Table 18 Banking, Financial Services, and Insurance: Market Size, By Region, 2015–2022 (USD Million)
Table 19 Media and Entertainment: Market Size, By Region, 2015–2022 (USD Million)
Table 20 Transportation: Market Size, By Region, 2015–2022 (USD Million)
Table 21 Others: Market Size, By Region, 2015–2022 (USD Million)
Table 22 Cloud Testing Market Size, By Region, 2015–2022 (USD Million)
Table 23 North America: Cloud Testing Market Size, By Component, 2015–2022 (USD Million)
Table 24 North America: Market Size, By Testing Tool/Platform Type, 2015–2022 (USD Million)
Table 25 North America: Market Size, By Service, 2015–2022 (USD Million)
Table 26 North America: Market Size, By Vertical, 2015–2022 (USD Million)
Table 27 North America: Market Size, By Country, 2015–2022 (USD Million)
Table 28 United States: Cloud Testing Market Size, By Component, 2015–2022 (USD Million)
Table 29 United States: Market Size, By Testing Tool/Platform Type, 2015–2022 (USD Million)
Table 30 United States: Market Size, By Service, 2015–2022 (USD Million)
Table 31 United States: Market Size, By Vertical, 2015–2022 (USD Million)
Table 32 Canada: Cloud Testing Market Size, By Component, 2015–2022 (USD Million)
Table 33 Canada: Market Size, By Testing Tool/Platform Type, 2015–2022 (USD Million)
Table 34 Canada: Market Size, By Service, 2015–2022 (USD Million)
Table 35 Canada: Market Size, By Vertical, 2015–2022 (USD Million)
Table 36 Europe: Cloud Testing Market Size, By Component, 2015–2022 (USD Million)
Table 37 Europe: Market Size, By Testing Tool/Platform Type, 2015–2022 (USD Million)
Table 38 Europe: Market Size, By Service, 2015–2022 (USD Million)
Table 39 Europe: Market Size, By Vertical, 2015–2022 (USD Million)
Table 40 Europe: Market Size, By Country, 2015–2022 (USD Million)
Table 41 United Kingdom: Cloud Testing Market Size, By Component, 2015–2022 (USD Million)
Table 42 United Kingdom: Market Size, By Testing Tool/Platform Type, 2015–2022 (USD Million)
Table 43 United Kingdom: Market Size, By Service, 2015–2022 (USD Million)
Table 44 United Kingdom: Market Size, By Vertical, 2015–2022 (USD Million)
Table 45 France: Cloud Testing Market Size, By Component, 2015–2022 (USD Million)
Table 46 France: Market Size, By Testing Tool/Platform Type, 2015–2022 (USD Million)
Table 47 France: Market Size, By Service, 2015–2022 (USD Million)
Table 48 France: Market Size, By Vertical, 2015–2022 (USD Million)
Table 49 Others: Cloud Testing Market Size, By Component, 2015–2022 (USD Million)
Table 50 Others: Market Size, By Testing Tool/Platform Type, 2015–2022 (USD Million)
Table 51 Others: Market Size, By Service, 2015–2022 (USD Million)
Table 52 Others: Market Size, By Vertical, 2015–2022 (USD Million)
Table 53 Asia Pacific: Cloud Testing Market Size, By Component, 2015–2022 (USD Million)
Table 54 Asia Pacific: Market Size, By Testing Tool/Platform Type, 2015–2022 (USD Million)
Table 55 Asia Pacific: Market Size, By Service, 2015–2022 (USD Million)
Table 56 Asia Pacific: Market Size, By Vertical, 2015–2022 (USD Million)
Table 57 Asia Pacific: Market Size, By Country, 2015–2022 (USD Million)
Table 58 China: Cloud Testing Market Size, By Component, 2015–2022 (USD Million)
Table 59 China: Market Size, By Testing Tool/Platform Type, 2015–2022 (USD Million)
Table 60 China: Market Size, By Service, 2015–2022 (USD Million)
Table 61 China: Market Size, By Vertical, 2015–2022 (USD Million)
Table 62 Japan: Cloud Testing Market Size, By Component, 2015–2022 (USD Million)
Table 63 Japan: Market Size, By Testing Tool/Platform Type, 2015–2022 (USD Million)
Table 64 Japan: Market Size, By Service, 2015–2022 (USD Million)
Table 65 Japan:Market Size, By Vertical, 2015–2022 (USD Million)
Table 66 Others: Cloud Testing Market Size, By Component, 2015–2022 (USD Million)
Table 67 Others: Market Size, By Testing Tool/Platform Type, 2015–2022 (USD Million)
Table 68 Others: Market Size, By Service, 2015–2022 (USD Million)
Table 69 Others: Market Size, By Vertical, 2015–2022 (USD Million)
Table 70 Middle East and Africa: Cloud Testing Market Size, By Component, 2015–2022 (USD Million)
Table 71 Middle East and Africa: Market Size, By Testing Tool/Platform Type, 2015–2022 (USD Million)
Table 72 Middle East and Africa: Market Size, By Service, 2015–2022 (USD Million)
Table 73 Middle East and Africa: Market Size, By Vertical, 2015–2022 (USD Million)
Table 74 Middle East and Africa: Market Size, By Country, 2015–2022 (USD Million)
Table 75 Middle East: Cloud Testing Market Size, By Component, 2015–2022 (USD Million)
Table 76 Middle East: Market Size, By Testing Tool/Platform Type, 2015–2022 (USD Million)
Table 77 Middle East: Market Size, By Service, 2015–2022 (USD Million)
Table 78 Middle East: Market Size, By Vertical, 2015–2022 (USD Million)
Table 79 Africa: Cloud Testing Market Size, By Component, 2015–2022 (USD Million)
Table 80 Africa: Market Size, By Testing Tool/Platform Type, 2015–2022 (USD Million)
Table 81 Africa: Market Size, By Service, 2015–2022 (USD Million)
Table 82 Africa: Market Size, By Vertical, 2015–2022 (USD Million)
Table 83 Latin America: Cloud Testing Market Size, By Component, 2015–2022 (USD Million)
Table 84 Latin America: Market Size, By Testing Tool/Platform Type, 2015–2022 (USD Million)
Table 85 Latin America: Market Size, By Service, 2015–2022 (USD Million)
Table 86 Latin America: Market Size, By Vertical, 2015–2022 (USD Million)
Table 87 Latin America: Market Size, By Country, 2015–2022 (USD Million)
Table 88 Brazil: Cloud Testing Market Size, By Component, 2015–2022 (USD Million)
Table 89 Brazil: Market Size, By Testing Tool/Platform Type, 2015–2022 (USD Million)
Table 90 Brazil: Market Size, By Service, 2015–2022 (USD Million)
Table 91 Brazil: Market Size, By Vertical, 2015–2022 (USD Million)
Table 92 Mexico: Cloud Testing Market Size, By Component, 2015–2022 (USD Million)
Table 93 Mexico: Market Size, By Testing Tool/Platform Type, 2015–2022 (USD Million)
Table 94 Mexico: Market Size, By Service, 2015–2022 (USD Million)
Table 95 Mexico: Market Size, By Vertical, 2015–2022 (USD Million)
Table 96 Others: Cloud Testing Market Size, By Component, 2015–2022 (USD Million)
Table 97 Others: Market Size, By Testing Tool/Platform Type, 2015–2022 (USD Million)
Table 98 Others: Market Size, By Service, 2015–2022 (USD Million)
Table 99 Others: Market Size, By Vertical, 2015–2022 (USD Million)
Table 100 New Solution Launches and Product Upgradations, 2014–2017
Table 101 Partnerships, Agreements, and Collaborations, 2016–2017
Table 102 Mergers and Acquisitions, 2016–2017


List of Figures (33 Figures)

Figure 1 Cloud Testing Market: Market Segmentation
Figure 2 Market: Regional Segmentation
Figure 3 Market: Research Design
Figure 4 Break Down of Primaries By Company, Designation and Region
Figure 5 Data Triangulation
Figure 6 Cloud Testing Market, By Component, 2017–2022
Figure 7 Market, By Vertical, 2017–2022
Figure 8 Market, By Region, 2017–2022
Figure 9 Reduced Cost of Ownership, Scalability, and On-Demand Services Offered By the Cloud Environment are Expected to Drive the Growth of the Cloud Testing Market
Figure 10 The Services Segment is Estimated to Have A Larger Market Share in the Cloud Testing Market in 2017
Figure 11 The Functional Testing Tools Segment is Estimated to Have the Largest Market Share in the Market Through 2017-2022
Figure 12 Retail and Ecommerce Vertical, and North America are Estimated to Have the Largest Market Shares in the Market in 2017
Figure 13 Banking, Financial Services, and Insurance Vertical is Expected to Grow at the Highest CAGR During the Forecast Period in the North American Region
Figure 14 Cloud Testing Market: Drivers, Restraints, Opportunities, and Challenges
Figure 15 Testing Tools/Platforms Segment is Expected to Exhibit A Higher Growth Rate During the Forecast Period
Figure 16 Banking, Financial Services, and Insurance Vertical is Expected to Exhibit the Highest Growth Rate During the Forecast Period
Figure 17 North America is Expected to Have the Largest Market Size During the Forecast Period
Figure 18 Regional Snapshot: Asia Pacific is Expected to Exhibit the Highest Growth Rate in the Cloud Testing Market
Figure 19 North America: Market Snapshot
Figure 20 Asia Pacific: Market Snapshot
Figure 21 Key Developments By the Leading Players in the Cloud Testing Market During 2014–2017
Figure 22 Geographic Revenue Mix of the Top Market Players
Figure 23 IBM: Company Snapshot
Figure 24 IBM: SWOT Analysis
Figure 25 Oracle: Company Snapshot
Figure 26 Oracle: SWOT Analysis
Figure 27 CA Technologies: Company Snapshot
Figure 28 CA Technologies: SWOT Analysis
Figure 29 Micro Focus: SWOT Analysis
Figure 30 Smartbear Software: SWOT Analysis
Figure 31 Cigniti: Company Snapshot
Figure 32 Cognizant: Company Snapshot
Figure 33 Capgemini: Company Snapshot

The cloud testing market is expected to grow from USD 5.55 Billion in 2017 to USD 10.24 Billion by 2022, at a Compound Annual Growth Rate (CAGR) of 13.01% during the forecast period. Several factors such as the rapidly growing cloud adoption, flexible and scalable delivery model, and reduced cost of ownership are driving the market growth. The adoption of cloud testing solutions and services is high in verticals such as retail and eCommerce; IT and telecom; Banking, Financial Services, and Insurance (BFSI); and media and entertainment; this is expected to boost the growth of the overall market.

The global cloud testing market is segmented by component (testing tools/platforms and services), testing tool/platform (functional testing tools, performance/load testing tools, Graphical User Interface (GUI) testing tools, Application Programming Interface (API) testing tools, service virtualization tools, and cross browser testing tools), service (professional services and managed services), vertical, and region. The testing tools/platforms component is expected to grow at a higher CAGR during the forecast period, as tools/platforms assist organizations in easily carrying out the testing process on the cloud.

The retail and eCommerce vertical is expected to have the largest market share, whereas the BFSI vertical is projected to grow at the highest CAGR during the forecast period. Technology has assisted the retail and eCommerce businesses in offering seamless and efficient services to their customers. The gap between online and offline retail is driving the recent boom of technological innovations in customer analytics in brick-and-mortar retail stores. Retail and eCommerce enterprises have to keep a check on the digital applications, web services, and APIs that run their websites by monitoring them continuously for their performance.

Cloud Testing Market

The global cloud testing market has been segmented on the basis of regions into North America, Europe, Asia Pacific (APAC), Middle East and Africa (MEA), and Latin America to provide a region-specific analysis in the report. North America is expected to have the largest market share and is projected to dominate the market during the forecast period. With the increase in the adoption of cloud computing solutions among various verticals, such as IT and telecom, BFSI, and retail and eCommerce, the cloud testing market is also set to grow at a rapid pace in in well-established economies, such as the United States (US) and Canada. Due to this, companies are willingly investing in the North American region. Most cloud testing solution and service vendors have an eminent presence in the North American region, and therefore, the competition is stiff among the major market players.

The major vendors who offer cloud testing solutions and services across the globe are IBM (US), Oracle (US), CA Technologies (US), Micro Focus (UK), SmartBear Software (US), SOASTA (US), Xamarin (US), Cygnet Infotech (India), Cavisson Systems (US), Cigniti (India), Tricentis (Austria), Cognizant (US), and Capgemini (France), whereas the key innovators include CustomerCentrix (US) and Neotys (France). These vendors have adopted various organic and inorganic growth strategies, such as new product launches, partnerships, and collaborations, to enhance their position in the market.

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