Global Beta Testing Software Market Highlights Over 2022 - 2031
The global beta testing software market is estimated to garner a large amount of revenue by growing at a robust CAGR over the forecast period, i.e., 2022 – 2031. The growth of the market can be attributed primarily to the growing need among businesses to obtain feedback on the product quality before it is shipped to the customers. Along with this, beta testing involves complete evaluation of an application from users’ point of view. This helps in ensuring the product has high quality, stability, performance, security and reliability in the real world, which in turn is also expected to drive significant market growth in the upcoming years. Furthermore, increasing private and venture funding in the IT sector across the world, and growing number of digitalization initiatives launched by the government of emerging economies are projected to offer ample growth opportunities to the market in the near future. After the introduction of the Indian government’s Digital India initiative, the country’s digital population rose up to more than 620 million active internet users and 570 million active mobile users as of February 2021.
The market is segmented by enterprise size into large, and small & medium sized, out of which, the large sized segment is anticipated to hold the largest share in the global beta testing software market. This can be accounted to the fact that large enterprises build and maintain a bigger number of applications and users as compared to smaller enterprises. Apart from these, unlike small & medium sized companies, large enterprises often develop their own internal-use software for testing, which is another factor predicted to boost the growth of the market segment in the future. Additionally, on the basis of deployment, the in-house segment is assessed to acquire the largest share over the forecast period. This can be credited to the ease with which issues in a product can be resolved as the testing team is present within the company itself. CLICK TO DOWNLOAD SAMPLE REPORT
Major Macro-Economic Indicators Impacting the Market Growth
The never-ending growth in internet accessibility around the world along with numerous technological advancements comprising 5G, blockchain, cloud services, Internet of Things (IoT), and Artificial Intelligence (AI) among others have significantly boosted the economic growth in the last two decades. As of April 2021, there were more than 4.5 billion users that were actively using the internet globally. Moreover, the growth in ICT sector has significantly contributed towards GDP growth, labor productivity, and R&D spending among other transformations of economies in different nations of the globe. Furthermore, the production of goods and services in the ICT sector is also contributing to the economic growth and development. As per the statistics in the United Nations Conference on Trade and Development’s database, the ICT good exports (% of total good exports) globally grew from 10.816 in 2015 to 11.536 in 2019. In 2019, these exports in Hong Kong SAR, China amounted to 56.65%, 25.23% in East Asia & Pacific, 26.50% in China, 25.77% in Korea, Rep., 8.74% in the United States, and 35.01% in Vietnam. These are some of the important factors that are boosting the growth of the market.
Global Beta Testing Software Market Regional Synopsis
Regionally, the global beta testing software market is segmented into five major regions including North America, Europe, Asia Pacific, Latin America and the Middle East & Africa region. The market in Asia Pacific is estimated to witness noteworthy growth over the forecast period on the back of the rapidly expanding IT sector, and largescale employment of people in the software industry in the region. For instance, as per the Indian Brand Equity Foundation, as of FY21, the IT industry employed about 4.5 million people in the country. Also, the IT spending in the country is evaluated to reach USD 98.5 billion in 2022. In addition, growing deployment of liberalization policies such as reducing trade barriers and eliminating import duties on technology products by the government is also predicted to drive market growth in the region in the coming years. Moreover, the market in North America is anticipated to grab the largest share during the forecast period owing to the early adoption of advanced technology, and strong footprint of prominent market players in the region.
The global beta testing software market is further classified on the basis of region as follows:
Our in-depth analysis of the global beta testing software market includes the following segments:
By Testing Type
By Enterprise Size
Top Featured Companies Dominating the Market
FREQUENTLY ASKED QUESTIONS
The major factors driving market growth are growing need among businesses to obtain feedback on the product quality, and increasing private and venture funding in the IT sector worldwide.
The market is anticipated to attain a robust CAGR over the forecast period, i.e., 2022-2031.
Asia Pacific will provide more business opportunities for market growth owing to the rapidly expanding IT sector, and vast majority of technically skilled manpower in the software industry in the region.
The major players in the market are Centercode, Instabug, Inc., Compulsivo, Inc., Ubertesters Inc., testCloud.de GmbH, and others.
The company profiles are selected based on the revenues generated from the product segment, geographical presence of the company which determine the revenue generating capacity as well as the new products being launched into the market by the company.
The market is segmented by deployment, testing type, enterprise size, and by region.
The in-house segment is anticipated to hold largest market size and is estimated grow at a notable CAGR over the forecast period and display significant growth opportunities.
Lack of skilled IT professionals in lower economic regions is estimated to hamper the market growth.
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