The software testing services market in ANZ will be driven by factors such as the need to reduce costs and accelerate time to market. Market share is expected to grow by $1.93 billion from 2020 to 2025, registering a CAGR of more than 16.55%, according to Technavio. The market is segmented by product (application testing and product testing), end user (BFSI, telecom and media, manufacturing, retail and other end users) and geography (Australia and New Zealand).
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The software testing services market in ANZ covers the following areas:
Software Testing Services Market in ANZ Sizing
Software Testing Services Market in ANZ Forecast
Software Testing Services Market in ANZ Analysis
Drivers and Challenges
the need for cost reduction and faster time to market is one of the key factors driving the growth of the software testing services market in ANZ. Companies focus on R&D to develop high-quality products and software. Vendors who have invested heavily in testing tools are struggling due to a lack of internal resources trained to implement these tools. Existing and proven testing methodologies in the market ensure that minimum quality standards are met by software testing vendors. Software testing service providers help organizations improve their overall efficiency by allowing them to focus on their core competencies and gain a competitive advantage in the market. The time saved by offloading software testing functions to vendors allows an organization to reduce the overall time to market, which shortens the revenue realization cycle. This is expected to drive the software testing services market in ANZ over the forecast period.
the availability of open source and free testing tools will challenge the growth of the software testing services market in ANZ. Testers around the world are actively using open source testing tools, which offer benefits such as free use and free support, prevent vendor lock-in, and are based on open standards. Open source tools are available in the market, including Selenium, Appium, Cucumber and Katalon Studio, can perform tests on different software development methodologies. For example, Selenium supports multiple system environments including Windows, Mac, and Linux, as well as browsers like Chrome, Firefox, IE, and Headless. For example, open source testing tools can perform different types of software testing, such as functional and non-functional testing. Hence, these factors are expected to hamper the growth of the targeted market over the forecast period.
Some companies mentioned with their offers
- Accenture Plc- The company mainly provides consulting and processing services.
- Atos SE – The company offers high-tech transactional services, unified communications, cloud, big data and cybersecurity services.
- Capgemini SE – The company is an information technology consulting firm specializing in technology and engineering professional services.
- Cognizant Technology Solutions Corp. – The Company provides business consulting, information technology and outsourcing services.
- DXC Technology Co. – The company offers IT services across the enterprise technology stack to drive business impact.
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