The global software testing industry has surpassed $45 billion, solidifying its crucial role in software development. The demand for robust, high-quality software solutions is driving this remarkable growth.
The market is set to expand at a 5% CAGR from 2023 to 2027. This steady growth is fueled by rising demand for AI-driven testing, cloud-based solutions, and DevOps integration.
The Banking, Financial Services, and Insurance (BFSI) sector holds a 28.5% market share in Europe's software testing landscape. Increased security and compliance requirements are fueling the demand for rigorous testing.
Automation testing is revolutionizing software development! Forecasts project a $68 billion market value, making it a dominant force in testing strategies. AI-driven test automation, continuous testing, and DevOps are driving this surge.
Quality Assurance (QA) is now a top priority for businesses. Companies are allocating up to 40% of their development budgets to testing and QA. Ensuring bug-free, high-performing, and secure applications is more crucial than ever.