EPAM Systems (US) and Tricentis (Austria) are the Key Players in the Continuous Testing Market
Continuous testing are adopted by companies across the globe to assist them in optimizing their cost spending on software. Furthermore, these services enable detailed analysis and statistics about the position of software by automating the testing phase of software development life cycle and highlighting opportunities to reduce costs and anticipate risks. Continuous testing also enable enterprises to focus more on problem identification and resolution, and not just on detection at the end stage of the software deployment process. These services have rapidly become the most significant choice for the testing phase of software, due to the increasing adoption of IoT-enabled devices. MarketsandMarkets forecasts the Continuous testing market to grow from USD 1.15 Billion in 2018 to USD 2.41 Billion by 2023, at a Compound Annual Growth Rate (CAGR) of 15.9% during the forecast period.
Among services, the professional segment has been further segmented into implementation, advisory and consulting, support and maintenance, and training and education. The major vendors of the Continuous testing market include Mindtree (India), EPAM Systems (US), HCL Technologies (India), Atos (France), Tech Mahindra (India), Hexaware (India), Tricentis (Austria), Cigniti (India), Larsen & Toubro Infotech (India), NIIT Technologies (India), CA Technologies (US), IBM (US), Capgemini (France), Spirent Communications (UK), Micro Focus (UK), Syntel (US), Cognizant (US), Parasoft (US), Softcrylic (US), LogiGear (US), QualiTest (US), Testplant (UK), Vector Software (US), QA Mentor (US), and SmartBear Software (US).These players have adopted various growth strategies, such as partnerships, collaborations, agreements, mergers and acquisitions, and new product developments, to achieve growth in the Continuous testing market.
EPAM Systems has adopted effective inorganic growth strategies, such as mergers and acquisitions, to strengthen its market presence and enhance its product portfolio. In June 2016, EPAM Systems acquired Dextrys. This acquisition would enhance EPAM Systems’ global delivery capabilities and strengthen its footprint in China. In November 2015, EPAM Systems acquired Alliance Global Services. This acquisition would enhance EPAM Systems’ global product development capabilities, and also strengthen its delivery capabilities in Asia and North America.
Tricentis is another top player in the Continuous testing market. The company focuses on strengthening its expertise in targeted industry verticals in the Continuous testing market. To achieve this expertise, the company has undertaken several acquisitions, partnerships, and collaborations with significant industry players as well as IT organizations. Tricentis has its presence in North America, Middle-East and Africa (MEA), and Asia Pacific (APAC). In August 2016, the company opened a new office in Pune, India, to strengthen its presence in the APAC region.
Related Reports:
Continuous Testing Market by Service (Professional Services and Managed Services), Interface (Web, Mobile, and Desktop), Deployment Type, Organization Size, Industry Vertical, and Region - Global Forecast to 2023
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