DUBLIN–(BUSINESS WIRE)–The “Crowdsourced Testing Market – Growth, Trends, COVID-19 Impact, and Forecasts (2021 – 2026)” report has been added to ResearchAndMarkets.com’s offering.
The Crowdsourced Testing Market is expected to register a CAGR of 10.7% over the forecast period 2021 – 2026.
Companies Mentioned
Global App Testing Infosys Limited Applause App Quality, Inc. test IO Inc. Synack, Inc. Planit Testing Testbirds GmbH Cobalt Labs Inc. Bugcrowd Inc. Crowdsourced Testing SpA Flatworld Solutions Qualitrix Technologies Pvt Ltd Qualitest Inc. QA InfoTech Key Market Trends
Large Enterprises Segment to Constitute a Larger Market Size
The large enterprises are expected to hold a larger market size during the forecast period, as it helps them in attaining high-level of quality assurance, fasten development and release process, and streamline bug handling, which is critical to their development teams and helps in enhancing the overall organization’s quality and agility. Open strategies to innovation have long been the standard for some large businesses. For instance, P&G’s ‘Connect + Develop’ has enabled the company to establish more than 2,000 successful agreements with innovation partners around the world. IBM in 2001, started an internal innovation experiment that has now evolved into its ‘InnovationJam’ platform, which it uses to work with clients, helping participants to ‘jam’ by contributing their expertise and opinions in various topic areas. Thomson Reuters uses crowdsourcing internally to tap into the skills of its 17,000 technologists, finding new problem solvers and breaking down department silos. According to Capgemini’s World Quality Report 2019-20, a panel of CIO’s and its senior technology professionals from large enterprises reported that, on average, around 23% of their organization’s annual IT budget was allocated towards quality assurance and testing. The average budget share allocated towards quality assurance and testing has been increasing in recent years. Additionally, firms like Global App Testing powers QA for some of the largest companies in the world including Facebook, Microsoft, Warner Bros. and many more, by reducing the time and effort spend on testing, provides access to global testers for real-world results and helps to deliver much higher quality applications. North America to Account for the Largest Market Size
America is supposed to hold a significant share during the forecast period, owing to the quick adoption of advanced technologies, such as cloud, North helping crowdsourced testing service providers implement efficient crowdsourced testing solutions. The market in North America is growing due to the presence of vendors, especially in Canada. North American is a technology hub. Therefore, the federal government has made strict rules regarding security crowdsource testing services. Furthermore, it is made compulsory for industries, such as BFSI, to adhere to compliance testing. Having a presence in the US, companies like QAwerk focuses on testing games, mobile and desktop applications, and websites. About 60% of the company’s projects fall under the category of a long-term collaboration. The industries that QAwerk works with are eGovernment, eCommerce, startups, business automation, media and entertainment, and data mining. A Canadian government ministry contacted QA Consultants to attempt test automation that had previously failed. The manual test effort involved regression test execution that was no longer viable. QA Consultants’ skilled Test Automation experts developed both an automation framework and scripts for use in their regular regression testing. Moreover, the presence of developed economies, such as the United States and Canada, which are rapidly implementing the latest technologies due to the increased internet penetration and improving customer demand, is also considered to be a key factor for the growth of the crowdsourced testing market in the region. Key Topics Covered:
1 INTRODUCTION
2 RESEARCH METHODOLOGY
3 EXECUTIVE SUMMARY
4 MARKET DYNAMICS
4.1 Market Overview
4.2 Market Drivers
4.2.1 Rise in the Number of Operating Systems, Devices, and Applications
4.2.2 Demand for Scaling Quality Assurance of Software to Magnify Customer Experience
4.3 Market Restraints
4.3.1 Concerns Over Data Privacy Regulations Over the Globe
4.4 Industry Attractiveness – Porter’s Five Force Analysis
4.5 Industry Value Chain Analysis
4.6 Analysis on the impact of COVID-19 on the Crowdsourced Testing Market
5 MARKET SEGMENTATION
5.1 By Platform
5.2 By Organization Size
5.3 By End-user Vertical
5.4 Geography
6 COMPETITIVE LANDSCAPE
7 INVESTMENT ANALYSIS
8 MARKET OPPORTUNITIES AND FUTURE TRENDS
For more information about this report visit https://www.researchandmarkets.com/r/1z13or