Test Automation Market to reach US$85.84 bn by 2024, spending on Security Testing Projected to Rise Rapidly

According to a new market report published by Transparency Market Research entitled “Test Automation Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2016 - 2024,” the global test automation market was valued at US$ 12.91 Bn in 2015 and is expected to expand at a CAGR of 23.6% from 2016 to 2024, reaching US$ 85.84 Bn by the end of the forecast period.

The rising trend of digital transformation has pushed the recognition of software testing and QA across the enterprises. This is leading to a growth in investments by the leading IT organizations to meet the latest requirements for QA and software testing. Market demand is also gaining traction due to the increasing number of mobile applications in the field of communications, multimedia travel, and productivity. Additionally, market growth is further supported by the various cloud applications being deployed to reduce effective time-to-market. The global test automation market is currently challenged by high time frames and massive investments to set up the most appropriate test labs. Moreover, the market’s growth is further restricted by the high demand for specialized testers with the desired testing skills for test automation.

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The global test automation market has been segmented on the basis of test automation system types into functional testing, configuration testing, web services testing, acceptance testing, compatibility testing, integration testing, load testing, security testing, mobile testing, migration testing, platform testing, usability testing, network testing, and QA process design. Functional testing was the leading segment, accounting for approximately 23.2% of the market revenue in 2015. The segment is anticipated to maintain its supremacy throughout the forecast period from 2016 to 2024. Security testing is predicted to be the fastest-growing segment of the global test automation market. It is majorly supported by the rising connectivity of information systems and data along with the growing trends of the Internet of Things (IoT) and cloud computing, which are projected to become important components of the IT industry in the coming years.

Browse the full Test Automation Market Research Report at- http://www.transparencymarketresearch.com/test-automation-market.html

The global test automation market has been segmented as below:

Global Test Automation Market, Types

Functional Testing
Configuration Testing
Web Services Testing
Acceptance Testing
Compatibility Testing
Integration Testing
Load Testing
Security Testing
Mobile Testing
Migration Testing
Platform Testing
Usability Testing
Network Testing
QA Process Design

Global Test Automation Market, By Geography

North America (NA)
Europe (EU)
Asia Pacific (APAC)
Middle East & Africa (MEA)
Latin America (LATAM)