DUBAI, U.A.E., July 7, 2021 /PRNewswire/ — The global codeless testing market outlook remains positive with the Future market Insights (FMI) projecting it to reach a valuation of US$ 1.5 billion by the end of 2021. Owing to the advent of artificial intelligence (AI) and machine learning the demand for codeless testing is estimated to grow at a robust CAGR of 15.5% during the forecast period 2021 to 2031.

Due to increasing usage of AI in the development of testing tools, which can self-heal at runtime, coupled with shift towards machine learning, self-healing automation testing is expected to emerge as one of the biggest automation testing trends over the coming years. 

A number of companies operating in the market are launching their new products to cater to the increasing demand for these tools. For instance, Qualitest, an India-based software testing company, announced the launch of its new AI-powered software testing and quality assurance (QA) toolkit named, Qualisense in June 2020. The tool is expected to leverage machine learning to enhance testing and quality deliveries along with reducing the need for specific testing.

A significant rise in demand for codeless testing is witnessed from small and medium enterprises (SMEs) owing to the increasing adoption of automated testing solutions. As per a study by FMI, the demand outlook for codeless testing solutions from SMEs is likely to surge at a CAGR of over 21% between 2021 and 2031.

“The unprecedented outbreak of novel coronavirus has encouraged leading vendors to emphasize on automating their IT operations to recuperate from the crisis. Besides this, numerous companies are anticipated to invest in artificial intelligence and robotic process automation (RPA), resulting in, bolstering the sales of codeless testing over the coming years,” says the FMI analyst.

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Key Takeaways from Codeless Testing Market Study

• In North America, the U.S. is leading the market and is estimated to account for a market share of over 79% in the region, owing to the presence of leading market players in the country.
• Favored by high investment in information technology infrastructure, the demand outlook for codeless testing in the U.K. is likely to grow at a CAGR of 16% over the forecast period.
• China is anticipated to account for over 44% of the codeless testing solutions sales in the East Asia market by the end of 2031.
• Due to increasing adoption of cloud-based solutions, the market in India is projected to progress at a robust CAGR of 25% through 2031.
• Based on the solution, codeless testing tools are dominating the segment, accounting for a market share of over 59.5% in 2021.

Key Drivers

• Increasing adoption of automated testing solutions is fueling the demand for codeless testing.
• Rising investment in information technology infrastructure is driving the growth of the market.
• Growing shift towards artificial intelligence is creating sales opportunities for codeless testing.

Key Restraints:

• Lack of skills required for codeless testing is hampering the market growth.
• Less scope for customization is a factor restraining the demand for codeless testing.

Discover more about the codeless testing market analysis with figures and data tables, along with the table of contents. Ask an Analyst@ https://www.futuremarketinsights.com/ask-question/rep-gb-13327

Competitive Landscape

Emerging players operating in the codeless testing market are focusing on developing innovative products and engaging in strategic partnerships & acquisition to increase their market revenue share. For instance,

• Ranorex GmbH, an Austria-based company, announced the introduction of its latest version of Ranorex Studio 9.5 in March 2021
• In March 2021, Tricentis, a software testing company announced acquisition of Neotys, a company based in France to expand its AI-driven end-to-end continuous testing platforms.

Key players operating in the codeless testing market profiled by FMI are:

• Ranorex GmbH
• Katalon, Inc.
• Mabl Inc.
• Usetrace
• Perforce Software, Inc.
• Cygnet-Infotech
• Worksoft, Inc.
• Testim
• froglogic GmbH
• Statnetics LLC
• ACCELQ Inc.
• QMetry Inc.
• Micro Focus
• Tricentis
• Eggplant

More Insights on the Codeless Testing Market:

FMI provides an unbiased analysis of the codeless testing market, presenting historical demand data (2016-2020) and forecast statistics for the period from 2021-2031. The study divulges compelling insights on the global codeless testing market with a detailed segmentation on the basis of:

By Solution:

• Codeless Testing Tools
• Services
• Testing & QA Services
• Consulting Services
• Integration & Implementation
• Support & Maintenance

By Application:

• API Testing
• Mobile App
• Desktop App
• Web App

By Enterprise Size:

• Small and Medium Enterprises (SMEs)
• Large Enterprises

By Industry:

• IT & Telecom
• BFSI
• Retail
• Healthcare
• Government
• Education
• Manufacturing
• Travel & Hospitality
• Media & Entertainment
• Others

By Region:

• North America
• Latin America
• Europe
• East Asia
• South Asia & Pacific
• Middle East and Africa (MEA)

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Key Questions Covered in the Report

• The report offers insight into codeless testing market demand outlook for 2021-2031
• The market study also highlights projected sales growth for codeless testing market between 2021 and 2031
• Codeless testing market survey identifies key growth drivers, restraints, and other forces impacting prevailing trends and evaluation of current market size and forecast and technological advancements within the industry
• Codeless testing market share analysis, covering key companies within the industry and coverage of strategies such as mergers & acquisitions, joint ventures, collaborations or partnerships, and others

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About Future Market Insights (FMI)

Future Market Insights (FMI) is a leading provider of market intelligence and consulting services, serving clients in over 150 countries. FMI is headquartered in Dubai, and has delivery centers in the UK, U.S. and India. FMI’s latest market research reports and industry analysis help businesses navigate challenges and make critical decisions with confidence and clarity amidst breakneck competition. Our customized and syndicated market research reports deliver actionable insights that drive sustainable growth. A team of expert-led analysts at FMI continuously tracks emerging trends and events in a broad range of industries to ensure that our clients prepare for the evolving needs of their consumers.

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SOURCE Future Market Insights