The application testing services market is estimated to be USD 26.59 Billion in 2017 and is projected to reach USD 50.14 Billion by 2022, at a CAGR of 13.5% from 2017 to 2022. The digital transformation of businesses and high demand for automated application testing services are key factors influencing the growth of the application testing services market. Moreover, the increased adoption of mobile applications in businesses and the integration of artificial intelligence and machine learning technology in testing services offer lucrative growth opportunities for application testing service providers.
Major companies such as Wipro (India), Cognizant (US), TCS (India), Accenture (Ireland), Capgemini (France), IBM (US), and Infosys (India) offer application testing services to cater to the requirements of end-use industries in the market. These players have adopted key growth strategies such collaborations and partnerships to strengthen their product portfolios and enhance their position in the application testing services market.
Wipro (India), a key player in the application testing services market, is focused on the adoption of organic growth strategies, such as partnerships, to enhance its business prospects. For instance, in August 2017, Wipro partnered with Tricentis, a software testing company, to offer end-to-end hyper automation. With this partnership, Wipro enabled its clients to achieve business outcomes through the combination of Wipro AssureNXT, Wipro HOLMES, and Tricentis Tosca. Furthermore, in September 2016, Wipro partnered with Witbe to enhance its integrated test automation and video services monitoring solution offerings. This partnership strategy helped Wipro strengthen its managed services programs and also cater to the rising demand for video Quality of Service (QoS) and device automation in the media & entertainment industry.
Cognizant (US), another key player in the application testing services market, is also focused on the adoption of organic growth strategies to enhance its market presence. For instance, in October 2016, Cognizant entered into an agreement with Centrica, an international energy and services company, to provide digital assurance as-a-service and enhance the efficiency, consistency, and user experience of Centrica's web and digital applications and smart devices. Furthermore, the company has consistently been recognized for its quality assurance strategy.
Application Testing Services Market by Service Type (Professional, Managed), Testing Type (Functionality, Security, Automation), Delivery Model (Onshore, Offshore), Organization Size, Vertical, and Region - Global Forecast to 2022
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