Global Automation Testing Market – Industry Analysis and Forecast (2017-2024)

by Suraj Patil
Posted: Jun 22, 2019

Global Automation Testing Market is expected to reach USD 2.6 Billion by 2024 from USD 7.5 Billion in 2016 at a CAGR of 17.1%.

This is a comprehensive global report focused on the current and future prospects of the Global Automation Testing Market. This report is a consolidation of primary and secondary research, which provides market size, share, dynamics, and forecast for various segments and sub-segments considering the macro and micro environmental factors. An in-depth analysis of past trends, future trends, demographics, technological advancements, and regulatory requirements for the global Automation Testing Market has been done in order to calculate the growth rates for each segment and sub-segments.

Geographically, Global Automation Testing Market has been segmented into North America, Europe, Asia Pacific, Middle East & Africa and Latin America. North America is expected to hold of the largest market share for Automation Testing Market among other regions in 2016. The asia-pacific market is anticipated to experience the swift growth over the forecast period this is majorly due to the dynamic changes in the adoption of automation in testing activities across multiple verticals in many developing countries in this regions.

The rapid growth in the technological advancements that are exploring opportunities in test automation are creating opportunities across a wide range of industries and vertical segments.

BFSI
Manufacturing
Defense & Aerospace
Retail
Logistics & Transportation
Telecom & IT
Healthcare & Life Sciences
Automotive
Others

Key Highlights:

Complete analysis with respect to individual growth trends are incorporated within the scope of our study.
Assessment of market definition along with the identification of key drivers, restraints opportunities for Global Automation Testing Market
Comprehensive analysis of factors that are instrumental in changing the market scenario, prospective opportunities, market shares, growth strategies along with identification of key companies are profiled.
Detailed quantitative analysis of the current and future trends for the forecast period has been profiled.
Global Automation Testing Market analysis and segmentation with respect to Testing Type, Services, End-Point Interface, Organization Size, Vertical, and geography.
Global Automation Testing Market analysis and forecast for five major geographies- North America, Europe, Asia Pacific, Middle East & Africa and Latin America along with their key regions

The years that have been considered for the study are:

Base year – 2016
Estimated year – 2017
Forecast period – 2017 to 2024

Research Methodology:

The market is estimated by triangulation of data points obtained from various sources and feeding them into a simulation model created individually for each market. The data points are obtained from paid and unpaid sources along with paid primary interviews with key opinion leaders (KOLs) in the market. KOLs from both, demand and supply side were considered while conducting interviews to get an unbiased idea of the market. This exercise was done at the country level to get fair idea of the market in countries considered for this study. Later this country-specific data was accumulated to come up with regional numbers and then arrive at the global market value for Global Automation Testing Market.