Cloud Testing Market Segmentation by Verticals (IT & Telecommunication, Transportation, Healthcare, Banking, BFSI, and Others); by Deployment Type (Hybrid, Public, and Cloud); and by Component (Testing Services, and Platforms)-Global Demand Analysis & Opportunity Outlook 2031

Global Cloud Testing Market Highlights Over 2022- 2031

The global cloud testing market is estimated to grow at a ~13% CAGR over the forecast period, i.e., 2022 – 2031.  Moreover, the market registered a revenue of approximately USD 9.0 billion in 2021. The growth of the market can be attributed to the digital transformation of the economy that is bringing the trend of digitalization across different verticals. According to the World Bank, the worldwide digital economy is equal to 15.5 percent of the global GDP. Moreover, there has been increase in the adoption of cloud-based infrastructure by organizations, owing to which it has become necessary to test the performance of features of the cloud. In addition, rapid advancement in technology such as artificial intelligence, and the internet of things (IoT) is expected to increase the growth of the global cloud testing market.

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The global cloud testing market is segmented by component into testing services and platforms. Out of these, the testing platforms segment is expected to hold the largest share over the forecast period. This can be attributed to the rising demand for functional testing in verticals such as IT & telecommunication. Moreover, testing platforms support enterprises to perform the testing process on the cloud easily.

Global Cloud Testing Market Regional Synopsis

Regionally, the global cloud testing market is segmented into five major regions including North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa region. The market in the North America region is estimated to witness modest growth over the forecast period on the back of the rapid adoption of cloud solutions by well-developed economies. As per the U.S. Bureau of Economic Analysis, 10 percent of the U.S GDP or 2.1 trillion in 2020 accounts for the digital economy. Therefore, it has a wider scope for the cloud testing market owing to digitalization. Moreover, the major cloud solution providers are present in the region, which is expected to drive the growth of the cloud testing market in the North America region.

Market Segmentation

Our in-depth analysis of the global cloud testing market includes the following segments:

By Verticals

• IT & Telecommunication

• Transportation

• Healthcare

• Banking

• BFSI

• Others

 By Deployment Type

• Hybrid

• Public

• Cloud

By Component

• Testing Services

• Platforms

Growth Drivers and Challenges Impacting the Growth of the Global Cloud Testing Market

Growth Drivers

• Rise in the digitalization of the economy

• Increase in the need to test the performance of the features of the cloud

Challenges

• High cost for the implementation of cloud testing

• Rising concerns related to data security

Key Companies Dominating the Global Cloud Testing Market

Our report has covered detailed company profiling comprising company overview, business strategies, key product offerings, financial performance, key performance indicators, risk analysis, recent developments, regional presence, and SWOT analysis among other notable indicators for competitive positioning. Some of the prominent industry leaders in the global cloud testing market that are included in our report are IBM Corporation, Oracle Corporation, Micro Focus, Capgemini, SmartBear Software, Tricentis, Cavisson Systems Inc., Cognizant, Xamarin (Microsoft), Cigniti Technologies Limited, and others.

Latest Developments in the Global Cloud Testing Market

• 10 May 2022: Capgemini, announced that it has been chosen by Airbus to deliver a cloud-first transformation programme for its global Commercial Aircraft and Helicopters businesses. Capgemini, as a strategic partner to Airbus, will now provide a fully managed service of the core cloud infrastructure for the Airbus business.

• 24 May 2022: SmartBear Software, has announced a collaboration with BCT to deliver flawless and resilient applications quickly while ensuring quality at every stage of the SDLC. Businesses today expect high-performance, high-quality software with a focus on faster time to market. To accomplish this, BCT will rely on SmartBear's intelligent automation testing tools and frameworks.

Key Reasons to Buy Our Report

• The report covers detailed analysis comprising market share attained by each market segment and its sub-segments.

• It covers market dynamics including growth drivers, trends, potential opportunities, price trend analysis, and challenges that impact market growth.

• The report includes detailed company profiles of the major players dominating the market.

• We use effective research methodologies to calculate the market numbers and provide value-added assessment for overall growth.

• We provide customized reports as per the clients’ requirements helping them to see possible and unexpected challenges and unforeseen opportunities in order to help them reach their goals.

Geography Analysis:

The report further discusses the market opportunity, compound annual growth rate (CAGR) growth rate, competition, new technology innovations, market players analysis, government guidelines, export and import (EXIM) analysis, historical revenues, future forecasts etc. in the following regions and/or countries:

• North America (U.S. & Canada) Market Size, Y-O-Y Growth, Market Players Analysis & Opportunity Outlook
• Latin America (Brazil, Mexico, Argentina, Rest of Latin America) Market Size, Y-O-Y Growth & Market Players Analysis & Opportunity Outlook
• Europe (U.K., Germany, France, Italy, Spain, Hungary, Belgium, Netherlands & Luxembourg, NORDIC(Finland, Sweden, Norway, Denmark), Ireland, Switzerland, Austria, Poland, Turkey, Russia, Rest of Europe), Poland, Turkey, Russia, Rest of Europe) Market Size, Y-O-Y Growth Market Players Analys  & Opportunity Outlook
• Asia-Pacific (China, India, Japan, South Korea, Singapore, Indonesia, Malaysia, Australia, New Zealand, Rest of Asia-Pacific) Market Size, Y-O-Y Growth & Market Players Analysis & Opportunity Outlook
• Middle East and Africa  (Israel, GCC (Saudi Arabia, UAE, Bahrain, Kuwait, Qatar, Oman), North Africa, South Africa, Rest of Middle East and Africa) Market Size, Y-O-Y Growth Market Players Analysis & Opportunity Outlook

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