Since most of the businesses are controlled by rule-based software and are digitally managed, The largest revenue in the said forecast period will be generated by The global automation testing industry. Digital transformation in the boom and available technologies like cloud computing, business analytics, AI, and big data have accelerated the demand for software testing. This digitization has increased the demand for automated testing to make sure the software used is working as required.
According to the latest report by Reports and Data, in 2021 The Global Automation testing market size was USD 20.24 Billion but over the forecast period, it is expected to register a revenue CAGR of 18.9%. Automated testing business is a great opportunity as it evaluates the latest available technologies which are developing rapidly. According to a study, even global spending on digital transformation is increasing rapidly, from 10.4% annually in 2020 to reach $1.3 trillion.
Companies irrespective of the industry are integrating IT solutions to innovate, automate processes, save cost and gain competitive advantage but all these are a result of significant financial investment. Thus, automated testing is required to avoid losses as a result of software failures and ensure the processes are working as designed and desired.
Automated testing comes with 4.0 technologies, ensuring high-quality releases, continuous delivery, faster release cycles, and increased test coverage.
The automated testing market is segmented into functional and non-functional testing. Due to the increased use of non-functional testing in security testing, performance testing, compatibility testing, conformance testing, and software usability testing, it will contribute the largest revenue share during the forecast period. Non-functional testing reduces software production risks and associated costs as it provides detailed knowledge of technology and product behaviour. It ensures that the non-functional aspects of any application are tested and the program is functioning properly. It will lead to a high demand for non-functional testing.