Automation testing Market market is expected to grow at a CAGR of 20.1% during the forecasted period | Evolve Business Intelligence

As per the study initiated by Evolve Business Intelligence, the global Automation testing Market size accounted for USD 30.1 Billion in 2023, growing at a CAGR of 20.1% from 2023 to 2033. Automation testing is a software testing technique that uses specialized tools and scripts to execute test cases and compare the actual outcomes with expected outcomes. The primary goal of automation testing is to enhance the efficiency, effectiveness, and coverage of the software testing process. It involves the use of automation tools to perform repetitive but necessary testing tasks, such as regression testing, load testing, and performance testing.

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Automation testing significantly accelerates the testing process, allowing for faster release cycles. Automated tests can be executed much quicker than manual tests, leading to faster feedback on the quality of the software. While the initial setup of automation testing may require an investment, it often results in long-term cost savings. Automated tests can be reused across different releases, reducing the need for manual testing efforts. Automation testing can cover a large number of test scenarios, including those that are time-consuming and impractical to test manually. This helps ensure a higher level of test coverage, leading to more robust and reliable software.

Key Players
Some of the major Automation testing Market players holding high market shares include IBM Corp.; Apexon; and Cigniti Technologies. These players use partnership and collaboration as a key strategy to gain significant market share to compete with market leaders. Some of the other major market players include Capgemini SE; Microsoft; Tricentis; Keysight technologies; Sauce Labs; Parasoft

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Segmental Analysis
Based on type, the Automation testing market is segmented into Functional Testing and non-functional Testing. The largest segment of the Automation testing market based on type is Functional Testing. Functional testing is used to verify that software applications meet the functional requirements that have been defined by the user or customer. It is a critical part of the software development lifecycle, as it helps to ensure that software applications are working as expected and that they are not causing any unexpected problems.

Based on services, the Automation testing market is Advisory And Consulting Services, Planning And Development Services, and Implementation Services. The largest segment of the Automation testing market based on services is Implementation Services. Implementation services involve the planning, development, and deployment of automation testing solutions. This can include activities such as selecting the right automation testing tools, developing test scripts, and integrating automation testing into the software development process.
Based on Vertical, the Automation testing market is Banking, Financial Services And Insurance (BFSI), Automotive, and Manufacturing. The largest segment of the Automation testing market based on vertical is Banking, Financial Services And Insurance (BFSI).. The BFSI sector is highly regulated and requires a high level of compliance. Automation testing can help to ensure that software applications in the BFSI sector are meeting all regulatory requirements and that they are not exposing the organization to any financial risks.

Key Region/ Countries Covered
• North America (US, Canada, Mexico)
• Europe (Germany, U.K., France, Italy, Spain, Russia, Nordic Countries, BeNeLux, Rest of Europe)
• Asia-Pacific (China, India, Japan, South Korea, Indonesia, Malaysia, Rest of Asia Pacific)
• Middle East and Africa (Saudi Arabia, UAE, Egypt, South Africa, Rest of MEA)
• Latin America (Mexico, Brazil, Argentina, Rest of Latin America)

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