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Software Testing Market Share

Report ID: GMI3382
Published Date: Jun 2024
Report Format: PDF

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Software Testing Market Share

Accenture, Cognizant and IBM hold a significant share of over 29% in software testing industry, these companies offer end-to-end testing solutions, including manual and automated testing, performance testing, and security testing, tailored to diverse industry needs. Their extensive client bases across various sectors, such as finance, healthcare, and retail, provide them with a consistent demand for testing services.

Additionally, their significant investments in advanced technologies like AI and machine learning enhance their testing capabilities, ensuring higher efficiency and accuracy. Their strong focus on innovation, combined with robust delivery frameworks and extensive expertise, solidifies their leadership positions in the market.

Software Testing Market Companies

Major companies operating in the software testing industry are:

Accenture
Capgemini
Cognizant
IBM
NTT Data
TCS
Wipro

Authors: Preeti Wadhwani, Aishvarya Ambekar

Frequently Asked Questions (FAQ) :

The market size of software testing reached USD 51.8 billion in 2023 and is set to witness 7% CAGR from 2024 to 2032, owing to increasing product launches and innovations by big companies worldwide.

Software testing industry from the application segment and is expected to reach over USD 53.6 billion by 2032, due to businesses requiring efficient and secure applications leading to the critical need for robust testing solutions.

North America market held 47% share in 2023, attributed to businesses across industries embracing digital transformation initiatives leading to need for robust testing solutions in the region.

Accenture, Capgemini, Cognizant, IBM, NTT Data, TCS, and Wipro, are some of the major software testing companies worldwide.