How big is the cloud testing market?

Frequently Asked Questions (FAQ) : How much is the cloud testing market? The cloud testing market size was valued at USD 9.9 Billion in 2022.

What is the value of the cloud market?

Cloud Computing Market Size & Trends. The global cloud computing market size was estimated at USD 602.31 billion in 2023 and is expected to grow at a CAGR of 21.2% from 2024 to 2030. The market is on a fast track to expansion, fueled by a confluence of factors.

How much is the testing industry worth?

The U.S. diagnostic testing market size was valued at USD 84.85 billion in 2023 and is anticipated to reach around USD 158.77 billion by 2033, growing at a CAGR of 6.5%% from 2024 to 2033.

How big is the testing industry?

The global testing as a service market size was estimated at USD 4.54 billion in 2023 and is projected to grow at a compound annual growth rate (CAGR) of 14.0% from 2024 to 2030.

Is cloud testing good?

Better cost-effectiveness In regards to cost-effectiveness, cloud testing reduces the costs of purchasing and maintaining the needed hardware and software infrastructure for the testing process . This can help reduce testing costs, as well as the overall cost of development.

What is the total cloud revenue in 2022?

Public cloud service revenue surged past $415 billion in 2022, growing from $343 billion in 2021.

What is the size of the cloud security market in 2022?

What is the global market size of Cloud Security Market? Global Cloud Security Market size was valued at USD 33.5 billion in 2022 and is poised to grow from USD 39.5 billion in 2023 to USD 147.45 billion by 2031, growing at a CAGR of 17.9% in the forecast period (2024-2031).

How big is the industry cloud market?

Cloud Computing Market Analysis. The Cloud Computing Market size is estimated at USD 0.68 trillion in 2024, and is expected to reach USD 1.44 trillion by 2029 , growing at a CAGR of 16.40% during the forecast period (2024-2029). Enterprise routers are crucial products used daily by businesses globally.

Cloud Testing Market Worth 10.24 Billion USD by 2022 (2024)

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MarketsandMarkets

06 Feb, 2018, 10:30 ET

PUNE, India, February 6, 2018 /PRNewswire/ --

The increasing adoption of the cloud technology across businesses, reduced cost of ownership, and the scalability and flexibility offered by cloud-based testing platforms are some of the major factors expected to drive the growth of the Cloud Testing Market.

The functional testing tools segment is expected to have the largest market size during the forecast period.

Functional testing, being a staple of Quality Assurance (QA) management, ensures the Application Under Test (AUT) complies with the business requirements. Cloud-based functional testing tools offer several advantages, such as quick setup and tool deployment, high productivity, and shorter test cycles. They enable the test teams to test applications from anywhere in the world, thereby improving the collaboration between disparate team members.

The retail and eCommerce vertical is expected to have the largest market size during the forecast period.

The retail and eCommerce vertical includes online retailers who leverage the cloud technology to provide their offerings to their customers. The increasing competition among eCommerce giants is acting as a threat to the brick-and-mortar stores, with a rising number of online retailers operating through web and mobile apps. Thus, customer service and satisfaction are of foremost importance to these retailers which can be achieved through continuous delivery and uninterrupted functioning of the digital offerings. Cloud testing tools and services offer on-demand services to these retailers to load test their applications that are accessed by multiple users per second. This eases the load testing of the applications and scales up the tests whenever required, thereby facilitating continuous delivery.

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The rapid adoption of the cloud technology, due to the scalability and flexibility offered by the cloud environment is expected to make North America the largest market, in terms of the global share.

North America consists of developed economies, such as the United States (US) and Canada. In this region, cloud-based applications are gaining traction among the QA and test teams. The region's strong financial position also enables it to invest heavily in advanced testing tools and technologies. These advantages have provided North American organizations a competitive edge in the market. Moreover, the region has the presence of several major cloud testing vendors. Therefore, there is strong competition among the players. The number of enterprises adopting cloud testing solutions and services is quite high in North America as compared to the other regions.

The major vendors who offer cloud testing solutions and services across the globe are IBM (US), Oracle (US), CA Technologies (US), Micro Focus (UK), SmartBear Software (US), SOASTA (US), Xamarin (US), Cygnet Infotech (India), Cavisson Systems (US), Tricentis (Austria), Cigniti (India), Cognizant (US), and Capgemini (France). These vendors have adopted various organic and inorganic growth strategies, such as new product launches, partnerships, and collaborations, to enhance their position in the Cloud Testing Market.

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Cloud Testing Market Worth 10.24 Billion USD by 2022 (2024)

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