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
Buy Now Report ID: 154 | Published Date: Feb 14, 2023
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.
The global mobile application testing solution market is further classified on the basis of region as follows:
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.
Our in-depth analysis of the global mobile application testing solution market includes the following segments:
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By Type |
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By Component |
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In 2023, market players might incur losses due to huge gap in currency translation followed by contracting revenues, shrinking profit margins & cost pressure on logistics and supply chain.
Controlling Inflation has become the first priority for global economies from last quarter of 2022 and to be followed in 2023. With skewed economic situations, rise in interest rate by governments to control spending and inflation, spiked oil and gas prices, high inflation, geo-political issues including U.S. & China trade war, Russia-Ukraine conflict to intensify the global economic issues.
The interest rates in the U.S. may be less sensitive in 2023 as compared to 2022; sigh of relief for businesses. Positive business sentiments, healthy business balance sheets, growth in construction spending (private construction value in 2022 stood at $1,429.2 billion, 11.7 percent (±1.0 percent) above the $1,279.5 billion spent in 2021, Residential construction in 2022 was $899.1 billion, up by 13.3 percent (±2.1 percent) from $793.7 billion in 2021, non-residential construction touched $530.1 billion, 9.1 percent (±1.0 percent) above the $485.8 billion in 2021.) showcases minimal impact of recession in the country.
Similarly, spiked spending in the European and major Asia economics including, India, China & Japan to showcase less impact on the global demand.
Author Credits: Abhishek Verma, Hetal Singh
Ans: Growing popularity of M-Commerce, upsurge in smartphone users, growth of Information Technology (IT) industry, and surge in internet usage are some major factors driving the growth of the market.
Ans: The market is anticipated to attain a CAGR of ~21% over the forecast period, i.e., 2022 – 2031.
Ans: Rising demand for interactive testing over automated testing, diversity in devices, and variations in network services are estimated to hamper the market growth.
Ans: The market in North America is projected to hold the largest market share by the end of 2031 and provide more business opportunities in the future.
Ans: The major players in the market are Wipro Limited, Oracle Corporation, Hewlett Packard Enterprise, Cognizant Technology Solutions Corporation, Capgemini, SAS Institute Inc., Testlio Inc., Perfecto Mobile Inc., Infosys Limited, and others.
Ans: 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.
Ans: The market is segmented by type, component, platform, device, end-user, and by region.
Ans: The android segment is anticipated to garner the largest market size by the end of 2031 and display significant growth opportunities.
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