Kenneth Research published a report titled “Cloud Testing Market: Global Demand Analysis & Opportunity Outlook 2031” which delivers detailed overview ofthe global cloud testing market in terms of market segmentation by verticals,
deployment type, component, and by region.
Further,for the in-depth analysis, the report encompasses the industry growth
indicators, restraints, supply and demand risk, along with detailed discussion
on current and future market trends that are associated with the growth of the
market.
The globalcloud testing market is estimatedto grow at a CAGR of ~13% overthe forecast period, i.e., 2022-2031. The market is segmented by component into testing services andplatforms, out of these, the testing platforms segment is expected to hold the
largest share by the end of 2031 in the global cloud testing market owing to
the rising demand for functional testing in the verticals such as IT &
telecommunication, and testing platforms support enterprises to perform on the cloud
the testing process easily.
There has been surge in the adoption ofcloud-based infrastructure among the organizations that increases the need to
test the performance of the features of cloud. Therefore, it is anticipated to
rise the growth of the global cloud testing market. Moreover, rapid advancement
in technology such as the internet of things (IoT) and artificial intelligence
is further expected to increase the growth of the global cloud testing market.
Geographically,the global cloud testing market is segmented into five major regions including NorthAmerica, Europe, Asia Pacific, Latin America and Middle East & Africa
region. Out of them, the market in the North America region is estimated to witness modest growth by the endof 2031 owing to the adoption of cloud testing solutions at a faster scale by
the well-developed economies and the presence of major cloud testing solutions
vendors in the region.
Theresearch is global in nature and covers detailed analysis on the market in
North America (U.S., Canada), Europe (U.K., Germany, France, Italy, Spain,
Hungary, Belgium, Netherlands & Luxembourg, NORDIC [Finland, Sweden,
Norway, Denmark], Poland, Turkey, Russia, Rest of Europe), Latin America
(Brazil, Mexico, Argentina, Rest of Latin America), Asia-Pacific (China, India,
Japan, South Korea, Indonesia, Singapore, Malaysia, Australia, New Zealand,
Rest of Asia-Pacific), Middle East and Africa (Israel, GCC [Saudi Arabia, UAE,
Bahrain, Kuwait, Qatar, Oman], North Africa, South Africa, Rest of Middle East
and Africa). In addition, analysis comprising market size, Y-O-Y growth &
opportunity analysis, market players’ competitive study, investment
opportunities, demand for future outlook etc. has also been covered and
displayed in the research report.
Rise inthe Digitalization of the Economy to Drive the Growth of the Market
As perthe World Bank, the digital economy has been increased to 15.5 per cent of the
global GDP
There hasbeen a rise in the digitalization of the economy, owing to which the trend of
digitalization has been increased across the different verticals. Furthermore,
verticals such as IT & telecommunication, healthcare, banking, and others
are moving towards a cloud-based infrastructure. Hence, it is anticipated to
drive the growth of the global cloud testing market.
However,high costs for the implementation of cloud testing and rising concerns related
to data security are expectedto operate as key restraint to the growth of global cloud testing market over
the forecast period.
Thisreport also provides the existing competitive scenario of some of the key
players of the global cloud testing market which includes company profiling of IBM Corporation, Oracle Corporation,Micro Focus, Capgemini, SmartBear Software, Tricentis, Cavisson Systems Inc.,
Cognizant, Xamarin (Microsoft), Cigniti Technologies Limited, and others.The profiling enfolds key information of the companies which encompasses
business overview, products and services, key financials and recent news and
developments. On the whole, the report depicts detailed overview of the global cloudtesting market that will help industry consultants, equipmentmanufacturers, existing players searching for expansion opportunities, new
players searching possibilities and other stakeholders to align their market
centric strategies according to the ongoing and expected trends in the
future.
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