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Cloud Testing Market by Component (Testing Tools/Platforms and Services), Testing Tool/Platform (Functional Testing, API Testing), Service (Managed Services and Professional Services), Vertical, and Region - Global Forecast to 2022
“Rapid adoption of cloud, flexible and scalable delivery model, and reduced cost of ownership are expected to drive the cloud testing market growth.”
The cloud testing market is expected to grow from USD 5.55 billion in 2017 to USD 10.24 billion by 2022, at a Compound Annual Growth Rate (CAGR) of 13.01% during the forecast period. The market growth is driven by the increased adoption of cloud technologies across both large and small enterprises. On the other hand, stringent government rules and regulations may restrain the growth of this market.
“Banking, Financial Services, and Insurance (BFSI) vertical is expected to grow at the highest CAGR during the forecast period.”
The digitalization of businesses has revolutionized the application development and testing market space for various verticals. Banking applications and web services offer a broad spectrum of services to external businesses. These services can be in the form of information about the account types and details, Automated Teller Machine (ATM) locations, branch locations, business banking credit score checks, and other business banking offerings, including commercial banking Guaranteed Investment Certificates (GICs); commercial mortgage; and interest, loan, and mortgage rates.
“Professional services segment is expected to have the larger market size during the forecast period.”
Professional services consist of training, consulting, and support as well as policy and governance services for the related stakeholders. Cloud testing solutions require some involvement and guidance from technology support groups and service providers to keep the applications up-to-date, according to the changing market scenarios and demands.
“Asia Pacific (APAC) is expected to witness the highest CAGR during the forecast period.”
The APAC region is expected to gain major traction in the cloud testing market during the forecast period. APAC has few of the fastest-growing economies and a favorable market for cloud testing vendors. The region has the presence of several creditable industries that are adopting cloud testing tools and services. In the APAC countries, such as Australia, China, and Japan, enterprises are continuously adopting cloud testing solutions to gain a competitive advantage over their competitors, by leveraging the cloud testing capabilities.
In the process of determining and verifying the market size for the several segments and sub segments gathered through secondary research, extensive primary interviews were conducted with key people. The break-up of the profiles of the primary participants is given below:
- By Company: Tier 1 – 27%, Tier 2 – 31%, and Tier 3 – 42%
- By Designation: C-Level – 35%, Director Level – 40%, and Others – 25%
- By Region: North America – 42%, Europe – 34%, APAC – 24%
The cloud testing ecosystem comprises vendors such as IBM (US), Oracle (US), CA Technologies (US), Micro Focus (UK), Smart Bear Software (US), SOASTA (US), Xamarin (US), Cygnet Infotech (India), Cavisson Systems (US), Tricentis (Austria), Cigniti (India), Cognizant (US), and Capgemini (France).
Research Coverage
The report includes in-depth competitive analysis of these key players in the cloud testing market, along with their company profiles, recent developments, and key market strategies. The research report segments the cloud testing market by component, testing tool/platform, service, vertical, and region.
Reasons to Buy the Report
The cloud testing market has been segmented on the basis of components, services (professional and managed), testing tools/platforms, verticals, and regions. The report will help market leaders/new entrants in this market in the following ways:
- The report segments the cloud testing market comprehensively and provides the closest approximations of the revenue numbers for the overall market and its sub segments. The market numbers are further split across various verticals and regions.
- The report helps stakeholders understand the pulse of the market and provides information on the key market drivers, restraints, challenges, and opportunities.
- The report assists stake holders in better understanding their competitors and gaining more insights to improve the position of their businesses. There is a separate section on the competitive landscape, which includes the competitor ecosystem, and mergers and acquisitions. Besides, the company profiles of 10 players offering services in this market have been provided. In this section, the market internals have been offered which can put the stakeholders ahead of their competitors.
Table of Contents
1 Introduction
1.1 Objectives of the Study
1.2 Market Definition
1.3 Market Scope
1.4 Years Considered for the Study
1.5 Currency Considered
1.6 Stakeholders
2 Research Methodology
2.1 Research Data
2.1.1 Secondary Data
2.1.2 Primary Data
2.1.2.1 Break Down of Primaries
2.1.2.2 Key Industry Insights
2.2 Market Size Estimation
2.2.1 Bottom-Up Approach
2.2.2 Top-Down Approach
2.3 Research Assumptions
2.4 Limitations
3 Executive Summary
4 Premium Insights
4.1 Attractive Market Opportunities in the Cloud Testing Market
4.2 Market, By Component
4.3 Market, By Testing Tool/Platform
4.4 Market, By Vertical and Region
4.5 North America: Cloud Testing Market, By Vertical
5 Market Overview
5.1 Market Dynamics
5.1.1 Drivers
5.1.1.1 Rapidly Growing Cloud Adoption
5.1.1.2 Flexible and Scalable Delivery Model
5.1.1.3 Reduced Cost of Ownership
5.1.2 Restraints
5.1.2.1 Stringent Government Rules and Regulations
5.1.3 Opportunities
5.1.3.1 Advancements in IoT and Machine Learning Technologies
5.1.3.2 Increasing Demand for Devops and Agile Practices for SDLC
5.1.4 Challenges
5.1.4.1 Data Security Concerns
5.1.4.2 Lack of Skilled Cloud Testing Professionals
6 Cloud Testing Market, By Component
6.1 Introduction
6.2 Testing Tools/Platforms
6.2.1 Testing Tools/Platforms, By Type
6.2.1.1 Functional Testing Tools
6.2.1.2 Performance/Load Testing Tools
6.2.1.3 GUI Testing Tools
6.2.1.4 API Testing Tools
6.2.1.5 Service Virtualization Tools
6.2.1.6 Cross Browser Testing Tools
6.3 Services
6.3.1 Services, By Type
6.3.1.1 Professional Services
6.3.1.2 Managed Services
7 Cloud Testing Market, By Vertical
7.1 Introduction
7.2 Retail and Ecommerce
7.3 IT and Telecom
7.4 Banking, Financial Services, and Insurance
7.5 Media and Entertainment
7.6 Transportation
7.7 Others
8 Cloud Testing Market, By Region
8.1 Introduction
8.2 North America
8.2.1 United States
8.2.2 Canada
8.3 Europe
8.3.1 United Kingdom
8.3.2 France
8.3.3 Others
8.4 Asia Pacific
8.4.1 China
8.4.2 Japan
8.4.3 Others
8.5 Middle East and Africa
8.5.1 Middle East
8.5.2 Africa
8.6 Latin America
8.6.1 Brazil
8.6.2 Mexico
8.6.3 Others
9 Competitive Landscape
9.1 Overview
9.2 Competitive Scenario
9.2.1 New Solution Launches and Product Upgradations
9.2.2 Partnerships, Agreements, and Collaborations
9.2.3 Mergers and Acquisitions
9.3 Market Ranking Analysis
10 Company Profiles
(Business Overview, Solutions and Services Offered, Recent Developments, SWOT Analysis, MnM View)*
10.1 Introduction
10.2 IBM
10.3 Oracle
10.4 CA Technologies
10.5 Micro Focus
10.6 Smartbear Software
10.7 Tricentis
10.8 Soasta
10.9 Xamarin
10.10 Cygnet Infotech
10.11 Cavisson Systems
10.12 Cigniti
10.13 Cognizant
10.14 Capgemini
*Details on Business Overview, Solutions and Services Offered, Recent Developments, SWOT Analysis, MnM View Might Not Be Captured in Case of Unlisted Companies.
10.15 Key Innovators
10.15.1 Customercentrix
10.15.2 Neotys
11 Appendix
11.1 Discussion Guide
11.2 Knowledge Store: Marketsandmarkets’ Subscription Portal
11.3 Introducing RT: Real-Time Market Intelligence
11.4 Available Customizations
11.5 Related Reports
11.6 Author Details
List of Tables
Table 1 United States Dollar Exchange Rate, 2014–2016
Table 2 Cloud Testing Market Size, By Component, 2015–2022 (USD Million)
Table 3 Testing Tools/Platforms: Market Size, By Region, 2015–2022 (USD Million)
Table 4 Testing Tools/Platforms: Market Size, By Type, 2015–2022 (USD Million)
Table 5 Functional Testing Tools Market Size, By Region, 2015–2022 (USD Million)
Table 6 Performance/Load Testing Tools Market Size, By Region, 2015–2022 (USD Million)
Table 7 Graphical User Interface Testing Tools Market Size, By Region, 2015–2022 (USD Million)
Table 8 Application Programming Interface Testing Tools Market Size, By Region, 2015–2022 (USD Million)
Table 9 Service Virtualization Tools Market Size, By Region, 2015–2022 (USD Million)
Table 10 Cross Browser Testing Tools Market Size, By Region, 2015–2022 (USD Million)
Table 11 Services: Cloud Testing Market Size, By Region, 2015-2022 (USD Million)
Table 12 Services: Cloud Testing Market Size, By Type, 2015–2022 (USD Million)
Table 13 Professional Services Market Size, By Region, 2015–2022 (USD Million)
Table 14 Managed Services Market Size, By Region, 2015–2022 (USD Million)
Table 15 Cloud Testing Market Size, By Vertical, 2015–2022 (USD Million)
Table 16 Retail and Ecommerce: Market Size, By Region, 2015–2022 (USD Million)
Table 17 IT and Telecom: Market Size, By Region, 2015–2022 (USD Million)
Table 18 Banking, Financial Services, and Insurance: Market Size, By Region, 2015–2022 (USD Million)
Table 19 Media and Entertainment: Market Size, By Region, 2015–2022 (USD Million)
Table 20 Transportation: Market Size, By Region, 2015–2022 (USD Million)
Table 21 Others: Market Size, By Region, 2015–2022 (USD Million)
Table 22 Cloud Testing Market Size, By Region, 2015–2022 (USD Million)
Table 23 North America: Cloud Testing Market Size, By Component, 2015–2022 (USD Million)
Table 24 North America: Market Size, By Testing Tool/Platform Type, 2015–2022 (USD Million)
Table 25 North America: Market Size, By Service, 2015–2022 (USD Million)
Table 26 North America: Market Size, By Vertical, 2015–2022 (USD Million)
Table 27 North America: Market Size, By Country, 2015–2022 (USD Million)
Table 28 United States: Cloud Testing Market Size, By Component, 2015–2022 (USD Million)
Table 29 United States: Market Size, By Testing Tool/Platform Type, 2015–2022 (USD Million)
Table 30 United States: Market Size, By Service, 2015–2022 (USD Million)
Table 31 United States: Market Size, By Vertical, 2015–2022 (USD Million)
Table 32 Canada: Cloud Testing Market Size, By Component, 2015–2022 (USD Million)
Table 33 Canada: Market Size, By Testing Tool/Platform Type, 2015–2022 (USD Million)
Table 34 Canada: Market Size, By Service, 2015–2022 (USD Million)
Table 35 Canada: Market Size, By Vertical, 2015–2022 (USD Million)
Table 36 Europe: Cloud Testing Market Size, By Component, 2015–2022 (USD Million)
Table 37 Europe: Market Size, By Testing Tool/Platform Type, 2015–2022 (USD Million)
Table 38 Europe: Market Size, By Service, 2015–2022 (USD Million)
Table 39 Europe: Market Size, By Vertical, 2015–2022 (USD Million)
Table 40 Europe: Market Size, By Country, 2015–2022 (USD Million)
Table 41 United Kingdom: Cloud Testing Market Size, By Component, 2015–2022 (USD Million)
Table 42 United Kingdom: Market Size, By Testing Tool/Platform Type, 2015–2022 (USD Million)
Table 43 United Kingdom: Market Size, By Service, 2015–2022 (USD Million)
Table 44 United Kingdom: Market Size, By Vertical, 2015–2022 (USD Million)
Table 45 France: Cloud Testing Market Size, By Component, 2015–2022 (USD Million)
Table 46 France: Market Size, By Testing Tool/Platform Type, 2015–2022 (USD Million)
Table 47 France: Market Size, By Service, 2015–2022 (USD Million)
Table 48 France: Market Size, By Vertical, 2015–2022 (USD Million)
Table 49 Others: Cloud Testing Market Size, By Component, 2015–2022 (USD Million)
Table 50 Others: Market Size, By Testing Tool/Platform Type, 2015–2022 (USD Million)
Table 51 Others: Market Size, By Service, 2015–2022 (USD Million)
Table 52 Others: Market Size, By Vertical, 2015–2022 (USD Million)
Table 53 Asia Pacific: Cloud Testing Market Size, By Component, 2015–2022 (USD Million)
Table 54 Asia Pacific: Market Size, By Testing Tool/Platform Type, 2015–2022 (USD Million)
Table 55 Asia Pacific: Market Size, By Service, 2015–2022 (USD Million)
Table 56 Asia Pacific: Market Size, By Vertical, 2015–2022 (USD Million)
Table 57 Asia Pacific: Market Size, By Country, 2015–2022 (USD Million)
Table 58 China: Cloud Testing Market Size, By Component, 2015–2022 (USD Million)
Table 59 China: Market Size, By Testing Tool/Platform Type, 2015–2022 (USD Million)
Table 60 China: Market Size, By Service, 2015–2022 (USD Million)
Table 61 China: Market Size, By Vertical, 2015–2022 (USD Million)
Table 62 Japan: Cloud Testing Market Size, By Component, 2015–2022 (USD Million)
Table 63 Japan: Market Size, By Testing Tool/Platform Type, 2015–2022 (USD Million)
Table 64 Japan: Market Size, By Service, 2015–2022 (USD Million)
Table 65 Japan:Market Size, By Vertical, 2015–2022 (USD Million)
Table 66 Others: Cloud Testing Market Size, By Component, 2015–2022 (USD Million)
Table 67 Others: Market Size, By Testing Tool/Platform Type, 2015–2022 (USD Million)
Table 68 Others: Market Size, By Service, 2015–2022 (USD Million)
Table 69 Others: Market Size, By Vertical, 2015–2022 (USD Million)
Table 70 Middle East and Africa: Cloud Testing Market Size, By Component, 2015–2022 (USD Million)
Table 71 Middle East and Africa: Market Size, By Testing Tool/Platform Type, 2015–2022 (USD Million)
Table 72 Middle East and Africa: Market Size, By Service, 2015–2022 (USD Million)
Table 73 Middle East and Africa: Market Size, By Vertical, 2015–2022 (USD Million)
Table 74 Middle East and Africa: Market Size, By Country, 2015–2022 (USD Million)
Table 75 Middle East: Cloud Testing Market Size, By Component, 2015–2022 (USD Million)
Table 76 Middle East: Market Size, By Testing Tool/Platform Type, 2015–2022 (USD Million)
Table 77 Middle East: Market Size, By Service, 2015–2022 (USD Million)
Table 78 Middle East: Market Size, By Vertical, 2015–2022 (USD Million)
Table 79 Africa: Cloud Testing Market Size, By Component, 2015–2022 (USD Million)
Table 80 Africa: Market Size, By Testing Tool/Platform Type, 2015–2022 (USD Million)
Table 81 Africa: Market Size, By Service, 2015–2022 (USD Million)
Table 82 Africa: Market Size, By Vertical, 2015–2022 (USD Million)
Table 83 Latin America: Cloud Testing Market Size, By Component, 2015–2022 (USD Million)
Table 84 Latin America: Market Size, By Testing Tool/Platform Type, 2015–2022 (USD Million)
Table 85 Latin America: Market Size, By Service, 2015–2022 (USD Million)
Table 86 Latin America: Market Size, By Vertical, 2015–2022 (USD Million)
Table 87 Latin America: Market Size, By Country, 2015–2022 (USD Million)
Table 88 Brazil: Cloud Testing Market Size, By Component, 2015–2022 (USD Million)
Table 89 Brazil: Market Size, By Testing Tool/Platform Type, 2015–2022 (USD Million)
Table 90 Brazil: Market Size, By Service, 2015–2022 (USD Million)
Table 91 Brazil: Market Size, By Vertical, 2015–2022 (USD Million)
Table 92 Mexico: Cloud Testing Market Size, By Component, 2015–2022 (USD Million)
Table 93 Mexico: Market Size, By Testing Tool/Platform Type, 2015–2022 (USD Million)
Table 94 Mexico: Market Size, By Service, 2015–2022 (USD Million)
Table 95 Mexico: Market Size, By Vertical, 2015–2022 (USD Million)
Table 96 Others: Cloud Testing Market Size, By Component, 2015–2022 (USD Million)
Table 97 Others: Market Size, By Testing Tool/Platform Type, 2015–2022 (USD Million)
Table 98 Others: Market Size, By Service, 2015–2022 (USD Million)
Table 99 Others: Market Size, By Vertical, 2015–2022 (USD Million)
Table 100 New Solution Launches and Product Upgradations, 2014–2017
Table 101 Partnerships, Agreements, and Collaborations, 2016–2017
Table 102 Mergers and Acquisitions, 2016–2017
List of Figures
Figure 1 Cloud Testing Market: Market Segmentation
Figure 2 Market: Regional Segmentation
Figure 3 Market: Research Design
Figure 4 Break Down of Primaries By Company, Designation and Region
Figure 5 Data Triangulation
Figure 6 Cloud Testing Market, By Component, 2017–2022
Figure 7 Market, By Vertical, 2017–2022
Figure 8 Market, By Region, 2017–2022
Figure 9 Reduced Cost of Ownership, Scalability, and On-Demand Services Offered By the Cloud Environment are Expected to Drive the Growth of the Cloud Testing Market
Figure 10 The Services Segment is Estimated to Have A Larger Market Share in the Cloud Testing Market in 2017
Figure 11 The Functional Testing Tools Segment is Estimated to Have the Largest Market Share in the Market Through 2017-2022
Figure 12 Retail and Ecommerce Vertical, and North America are Estimated to Have the Largest Market Shares in the Market in 2017
Figure 13 Banking, Financial Services, and Insurance Vertical is Expected to Grow at the Highest CAGR During the Forecast Period in the North American Region
Figure 14 Cloud Testing Market: Drivers, Restraints, Opportunities, and Challenges
Figure 15 Testing Tools/Platforms Segment is Expected to Exhibit A Higher Growth Rate During the Forecast Period
Figure 16 Banking, Financial Services, and Insurance Vertical is Expected to Exhibit the Highest Growth Rate During the Forecast Period
Figure 17 North America is Expected to Have the Largest Market Size During the Forecast Period
Figure 18 Regional Snapshot: Asia Pacific is Expected to Exhibit the Highest Growth Rate in the Cloud Testing Market
Figure 19 North America: Market Snapshot
Figure 20 Asia Pacific: Market Snapshot
Figure 21 Key Developments By the Leading Players in the Cloud Testing Market During 2014–2017
Figure 22 Geographic Revenue Mix of the Top Market Players
Figure 23 IBM: Company Snapshot
Figure 24 IBM: SWOT Analysis
Figure 25 Oracle: Company Snapshot
Figure 26 Oracle: SWOT Analysis
Figure 27 CA Technologies: Company Snapshot
Figure 28 CA Technologies: SWOT Analysis
Figure 29 Micro Focus: SWOT Analysis
Figure 30 Smartbear Software: SWOT Analysis
Figure 31 Cigniti: Company Snapshot
Figure 32 Cognizant: Company Snapshot
Figure 33 Capgemini: Company Snapshot
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