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Mobile Application Testing Solution Market Analysis by Type (Manual Testing, and Automated Testing); by Component Solutions, and Services); by Platform (iOS, Android, Windows, RIM, and Others); by Device (Smartphones, Tablets, PDAs, and Others); and by End-User {Residential, and Corporate (SMBs, and Large Enterprises)} – Global Supply & Demand Analysis & Opportunity Outlook 2022-2031

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Inflation And Looming Recession to Haunt Businesses:

In 2022 & 2023, market players expected to sail in rough waters; might incur losses due to huge gap in currency translation followed by contracting revenues, shrinking profit margins & cost pressure on logistics and supply chain. Further, U.S. economy is expected to grow merely by 3% in 2022.

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Purchasing power in the couPurchasing power in the country is expected to fell nearly by 2.5%. On the other hand, European countries to see the worst coming in the form of energy crisis especially in upcoming winters!! Right after COVID-19, inflation has started gripping the economies across the globe. Higher than anticipated inflation, especially in western world had raised concerns for national banks and financial institutions to control the economic loss and safeguard the interest of the businesses. Increased interest rates, strong USD inflated oil prices, looming prices for gas and energy resources due to Ukraine-Russia conflict, China economic slowdown (~4% in 2022) disrupting the production and global supply chain and other factors would impact each industry negatively.                                                         Request Insights

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Global Mobile Application Testing Solution Market Size, Forecast, and Trend Highlights Over 2022 - 2031

Mobile-Application-Testing-Solution-Market-Scope

The global mobile application testing solution market is estimated to garner a revenue of USD 22 Billion by the end of 2031 by growing at a CAGR of ~21% over the forecast period, i.e., 2022 – 2031. Further, the market generated a revenue of USD 5 Billion in the year 2021. The growth of the market is primarily attributed to the adoption of new emerging technologies in mobile testing and massive increase in mobile applications. For instance, users downloaded approximately 235 billion applications to their mobile devices in 2021, a 65% boost from 2016.

Mobile-Application-Testing-Solution-Market

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The tool used to test application software for usability, configurability, and accuracy is known as mobile application testing solution. Mobile application testing solutions ensure that the software application is ready to be delivered and meets the essential criteria. Therefore, rising adoption of high-end technology devices is leading the growth of the market. Furthermore, the growing popularity of E-commerce websites has led to the development of the mobile application testing solution. For instance, there are approximately 13 to 24 million E-commerce sites in existence worldwide.

Global Mobile Application Testing Solution Market: Growth Drivers and Challenges

Growth Drivers

  • Growing Popularity of M-Commerce - Any financial transaction conducted through apps or mobile websites is referred to as M-Commerce. It is a mobile version of E-commerce. In simple words, M-commerce is purchase and sale of goods via mobile devices. By 2022, the global share of m-commerce in e-commerce is projected to reach approximately 68%.
  • Upsurge in Smartphone Users - The increasing global adoption of smartphones is another important factor supporting the growth of the mobile application testing solution market. The world's smartphone user base is projected to reach around 6.720 billion by 2022, denoting 84% of the global population.
  • Growth of Information Technology (IT) Industry - Information technology has improved governance by making it more capable and approachable, in addition to helping the nation's economy thrive. For instance, the global Information Technology (IT) industry is anticipated to spend approximately USD 5 trillion in 2022.
  • Surge in Internet Usage - The proper use of the internet makes our lives easier, and faster. The internet provides us with data and figures as well as information and knowledge, to aid in our individual, social, and economic growth. For instance, currently, around 5 billion people worldwide use the internet, accounting for 64% of the global population.
  • Rising Use of Artificial Intelligence (AI) – With each passing day, the implementation of Artificial Intelligence (AI) is bringing a huge change in technological field. Now, we see the use of AI powered apps which have designed to perform various tasks i.e., analytics, manufacturing, retails and so on. For instance, by 2023, approximately 8.5 billion voice assistants are estimated to be in use, up from the current figure of over 2.5 billion.

Challenges

  • Rising Demand for Interactive Testing Over Automated Testing
  • Diversity in Devices
  • Variations in Network Services

The global mobile application testing solution market is segmented and analyzed for demand and supply by platform into iOS, android, windows, RIM, and others, out of which android segment is anticipated to grow at a significant rate owing to the constant improvement & removal of old features, open-source platform, cloud storage feature that enables easy sync of devices with G-account, and wide media support. For instance, currently, there are more than 2.8 billion active Android users in more than 191 countries.

Major Macro-Economic Indicators Impacting the Market Growth

Global-Research-and-Development-Expenditure

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 Mobile Application Testing Solution Market Regional Synopsis

Regionally, the global mobile application testing solution market is studied into five major regions including North America, Europe, Asia Pacific, Latin America and Middle East & Africa region. Amongst these markets, the market in North America is projected to hold the largest market share by the end of 2031 backed by the increasing public inclination for smartphones, growing approval of advanced technology, huge investment in technological research and development and changing lifestyle across the region. By 2022, the United States is estimated to be the pioneering country in the world in contexts of R&D spending, with R&A investment surpassing USD 681 billion.

Mobile-Application-Testing-Solution-Market-Size

The global mobile application testing solution market is further classified on the basis of region as follows:

  • North America (U.S. & Canada) Market size, Y-O-Y growth, Market Players Analysis & Opportunity Outlook
  • Latin America (Brazil, Mexico, Argentina, Rest of Latin America) Market size, Y-O-Y growth, Market Players Analysis & Opportunity Outlook
  • Europe (U.K., Germany, France, Italy, Spain, Hungary, Belgium, Netherlands & Luxembourg, NORDIC (Finland, Sweden, Norway, Denmark), Ireland, Switzerland, Austria, Poland, Turkey, Russia, Rest of Europe), Poland, Turkey, Russia, Rest of Europe) Market size, Y-O-Y growth, Market Players Analysis & Opportunity Outlook
  • Asia-Pacific (China, India, Japan, South Korea, Singapore, Indonesia, Malaysia, Australia, New Zealand, Rest of Asia-Pacific) Market size, Y-O-Y growth, Market Players Analysis & Opportunity Outlook
  • Middle East and Africa (Israel, GCC (Saudi Arabia, UAE, Bahrain, Kuwait, Qatar, Oman), North Africa, South Africa, Rest of Middle East and Africa) Market size, Y-O-Y growth, Market Players Analysis & Opportunity Outlook

Market Segmentation

Our in-depth analysis of the global mobile application testing solution market includes the following segments:

By Type

  • Manual Testing
  • Automated Testing

By Component

  • Solutions
  • Services

By Platform

  • iOS
  • Android
  • Widows
  • RIM
  • Others

By Devices

  • Smartphones
  • Tablets
  • PDAs
  • Others

By End-User

  • Residential
  • Corporate
    • SMBs
    • Large Enterprises
 

Top Featured Companies Dominating the Global Mobile Application Testing Solution Market

  • Wipro Limited
    • Company Overview
    • Business Strategy
    • Key Product Offerings
    • Financial Performance
    • Key Performance Indicators
    • Risk Analysis
    • Recent Development
    • Regional Presence
    • SWOT Analysis
  • Oracle Corporation
  • Hewlett Packard Enterprise
  • Cognizant Technology Solutions Corporation
  • Capgemini Services SAS
  • SAS Institute Inc.
  • Testlio Inc.
  • Perfecto Mobile Inc.
  • Infosys Limited
  • Microsoft Corporation

 

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