CONTINUOUS TESTING MARKET ANALYSIS

Continuous Testing MarketSize and Trends

On-premises segment accounted for largest share in the global continuous testing market in 2017

On-premises deployment segment is estimated to hold the larger market share in 2018, owing to better confidential information control and security from external attacks as systems are held internally in an organization. Owing to this reason, on-premises software can be used to resolve business problems, which in turn will help in improvement of overall business performance. The on-premises segment was valued around US$ 1,869.3 million by 2026.

The cloud deployment segment is expected to exhibit the highest CAGR with 16% over the forecast period from 2018 to 2026. This is due to its applications being cost-efficient and can be deployed even in a basic IT infrastructure.

Market Driver:

High demand for continuous and instant content delivery is major factor driving market growth, owing to increasing inclination of consumers towards interacting with peers through real-time communication and rising use of social media. According to Coherent Marker Insights’ analysis, as of July 2016, over 1.7 billion people were using Facebook monthly, which is about 38% of the U.S. population. Furthermore, increasing adoption of smart devices, increased utilization of broadband connectivity, and development of IT infrastructure that is compatible with 4G LTE and 5G connectivity, are expected to propel growth of the global continuous testing market.

For instance, according to Coherent Market Insights’ analysis, as of 2016, over 68% of global population is already using mobile phones. In addition to that, according to Internet World Stats, as of December 31, 2017, total Internet users count was totaled at 4.2 billion among global population of 7.6 billion, which was around 54.4% of global population.

Therefore, these factors are expected to boost demand for global continuous delivery, which consequently will accelerate demand for continuous testing, in order to continuously review and optimize the test suite to eliminate redundancy and maximize business risk coverage.

Figure: Global Continuous Testing Market Value and Share (US$ million and Percent) by Segments, 2026

Figure: Global Continuous Testing Market Value and Share (US$ million and Percent) by Region, 2026

SOURCE: COHERENT MARKET INSIGHTS ANALYSIS, 2018

North America Continuous Testing market accounted for largest share in 2017

The market for North America is expected to show significant growth rate over the forecast period (2018 -2026). The market for North America is expected to be valued at around US$ 1,339.0 million by 2026, witnessing a CAGR of 12.6% throughout the forecast period (2018 – 2026).