Expansion of businesses and adoption of technologies across various industry verticals, such as IT, telecom, government, healthcare and life sciences, and retail are expected to be major contributors to the growth of TDM market. However, the market for BFSI is expected to record an exponential growth in the market. TDM solutions aim to make the management of test data easier thereby reducing test data-related defects, saving cost, and reducing storage expense. Another factor which is increasing the adoption of TDM is compliance and risk management. In this report, MarketsandMarkets expects the TDM market to grow from USD 584.6 Million in 2017 to USD 1,060.9 Million by 2022, at a Compound Annual Growth Rate (CAGR) of 12.7%.
There are several renowned vendors in the TDM market include CA Technologies (US), Cigniti Technologies (India), Compuware (US), DATPROF (the Netherlands), Delphix Corporation (US), Ekobit (Croatia), IBM (US), Informatica (US), Infosys (India), Innovative Routines International (US), MENTIS (US), Original Software Group (UK), and Solix Technologies (US). These players have adopted various strategies, such as partnerships, collaborations, agreements, mergers and acquisitions, and new product developments, to achieve growth in the TDM market.
CA Technologies (US) is one of the leading providers of TDM solutions. The company has adopted organic as well as inorganic growth strategies. In January 2017, CA Technologies acquired Automatic Holding GmbH for approximately EUR 600 million. The acquisition would enable CA Technologies to add Automatic’s cloud-enabled automation and orchestration capabilities to its portfolio and also expand its reach in the European market. In June 2016, CA Technologies Test Data Manager was upgraded by providing integration facility with CA Agile Central, CA Service Virtualization, and CA Release Automation. The integration would help to reduce test time, generate and deploy virtual data, and optimize the test process.
Solix Technologies (US) is another top player in the TDM market. The company has adopted the organic growth strategy by developing a product. In June 2016, Solix launched data-driven healthcare, an application framework featuring the Solix Common Data Platform (CDP), an enterprise data management solution delivering Information Lifecycle Management (ILM), low cost bulk data storage, and advanced analytics. Furthermore, the company also focuses on inorganic growth strategy. For instance, in January 2017, Solix partnered with TriCore to provide its EDMS which consists of application retirement, database archiving, data masking, and TDM solutions.
Test Data Management Market by Component (Solutions and Services), Application (Data Subsetting, Data Masking, and Data Compliance and Security), Deployment Type, Organization Size, Vertical, and Region - Global Forecast to 2022
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