Cloud Testing Market is poised to reach USD 22.12 Billion, growing at a 12.33% CAGR by 2030 – Report by Market Research Future (MRFR)
Research Reports
Jan 19, 2023
Market Research Future Insights
The Global Cloud Testing Market is estimated to be worth USD 22.12 Billion by 2030, registering a 12.33% CAGR during the forecast period 2022- 2030. Cloud Testing or Cloud-based testing mainly refers to measuring, analyzing, testing, and regulating activities in cloud-based infrastructure and the environment by stretching cloud solutions and technologies.
Furthermore, cloud testing platforms are known for improving testing as they aid better communication in planning, test execution, and strategizing processes.
Cloud testing is a boosting technology to test the physical and virtual components like network, storage, and virtualization, to protect the security of data and the performance of applications that are deployed on the cloud. Cloud testing is used in various sectors including retail and e-commerce, IT and telecom, banking and insurance, media and entertainment, and transportation.
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Cloud Testing Market Report Scope:
Parameter | Details |
Revenue Forecast in 2030: | USD 22.12 Billion |
Growth Rate: | CAGR of 12.33% from 2022 to 2030 |
Forecast Period: | 2022 -2030 |
Report Coverage | Revenue Forecast, Competitive Landscape, Growth Factors, and Trends |
The retail and e-commerce industry consists of online retailers who utilize cloud technology to provide their offerings to their customers. This technology assists retailers to achieve customer service and satisfaction through prolonged delivery and uninterrupted functioning of digital offerings. Cloud testing tools and services tender on-demand services to these retailers to load test their applications that multiple users per second access.
This facilitates the load testing of the applications, easing continuous delivery; it makes more retailers adopt this technology, pushing the cloud testing market growth. The continuously rearing security breaches have been the crucial driver for the cloud testing market. Data security is the primary concern for any organization and is a key aspect of cloud infrastructure and applications.
Regional Analysis
The Global Cloud Testing Market is divided into five regions; North America, Asia Pacific, Europe, Latin America, and the Middle East & Africa.
The North American regional market is anticipated to have the largest market share and is estimated to dominate the market during the forecast period ending in 2030. The cloud testing market is also set to increase at a rapid pace in well-established economies like the United States (US) and Canada, as a part of North America.
The presence of various key cloud testing vendors such as IBM, Oracle, and CA Technologies will continue to participate to boost the growth of this market in the region.
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Market Segmentation
The Global Cloud Testing Market is segmented into the following types;
By Component
- Testing tools/platforms
- Services
By Testing Tool/Platform
- Functional testing tools
- Performance/load testing tools
- Graphical User Interface (GUI) testing tools
- Application Programming Interface (API) testing tools
- Service virtualization tools
- Cross-browser testing tools
By Service
- Professional services
- Managed services
- Cloud Testing Market By Vertical
- Retail and e-Commerce
- IT and telecom
- Banking, Financial Services, and Insurance (BFSI)
- Media and entertainment
- Transportation
- Others (Education, Healthcare, Sports and Leisure)
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Key Players
The Global Cloud Testing Market’s prominent key players are IBM (US), Capgemini (France), Oracle (US), Xamarin (US), Cognizant (US), CA Technologies (US), Cigniti (India), Micro Focus (UK), Tricentis (Austria) and Cygnet Infotech (India).
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