Global Cloud Testing Market Worth $9.7B in 2021, is Projected to Cross $21.7B by 2027 - Increasing Demand for DevOps and Agile Practices for SDLC - ResearchAndMarkets.com

The "Global Cloud Testing Market (2021-2027) by Component, Vertical, and Geography, Competitive Analysis, Impact of Covid-19, Ansoff Analysis" report has been added to ResearchAndMarkets.com's offering.

The Global Cloud Testing Market is estimated to be worth USD 9.7 billion in 2021, and is expected to reach USD 21.74 billion by 2027, growing at a CAGR of 13.5%.

Market Dynamics

• Drivers
  • Rapidly Growing Cloud Adoption
  • Flexible and Scalable Delivery Model
  • Reduced Cost of Ownership
• Restraints
  • Stringent Government Rules and Regulations
• Opportunities
  • Advancements in IoT and Machine Learning Technologies
  • Increasing Demand for DevOps and Agile Practices for SDLC
• Challenges
  • Data Security Concerns
  • Lack of Skilled Cloud Testing Professionals

The Global Cloud Testing Market is segmented based on Component, Vertical, and Geography.

By Component, the Tool Type segment is expected to hold the highest market share during the forecast period. The growth of the segment is because the tools/platforms assist organizations in carrying out the testing process on the cloud seamlessly. Testing tools are cost-effective and offer functionalities like mobile and web performance testing, web and mobile functional testing.

By Vertical, Retail and eCommerce holds the maximum share during the forecast period. Cloud testing solutions enable retailers and e-commerce businesses to offer seamless and efficient services to their consumers. Technological innovations in customer analytics in brick-and-mortar retail stores are contributing to the growth of the market. These enterprises need to keep a daily check on the digital applications, web services, and APIs that run their websites by monitoring their performance.

By Geography, North America is projected to lead the market. The enterprises in this region are cloud-based, which requires frequent maintenance and testing services. Most cloud testing solution and service providers are present in the North American region, and therefore, the competition is tough among the major market players.

Report Highlights

• A complete analysis of the market including parent industry
• Important market dynamics and trends
• Market segmentation
• Historical, current, and projected size of the market based on value and volume
• Market shares and strategies of key players
• Recommendations to companies for strengthening their foothold in the market

Companies Profiled

• CA Technologies
• Oracle
• IBM
• Micro Focus
• Smartbear Software
• Tricentis
• Soasta
• Xamarin
• Cygnet Infotech
• Cavisson Systems
• Cigniti
• Cognizant
• Capgemini

For more information about this report visit https://www.researchandmarkets.com/r/2mvdae

View source version on businesswire.com: https://www.businesswire.com/news/home/20211015005495/en/