The Asia-Pacific cloud testing market is expected to register a high growth rate over the projected time period due to the rise of various e-commerce platforms in the region. SMEs are rapidly adopting various cloud computing services to reduce their capital expenditure. The favorable government policies such as Smart Nation Initiative (Singapore) and Digital India (India) are promoting the use of various cloud and digital technologies. These supportive government initiatives are expected to foster cloud testing market growth in the region.
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North America is anticipated to hold a major share in the cloud testing market. This is attributed to the extensive adoption of cloud computing technology by businesses of all sizes in the region. Technological advancements and the commercialization of various Internet of Things (IoT)-based products and services are expected to further drive the market. Furthermore, the advent of BYOD policies is also promoting the use of cloud testing solutions among enterprises. The increasing collaborative efforts between companies to develop new and innovative solutions will accelerate market growth.
Company profiled in this report based on Business overview, Financial data, Product landscape, Strategic outlook & SWOT analysis:
- CA Technologies
- Micro Focus
- Cygnet Infotech
- SmartBear Software
- Cavisson Systems
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Cloud Testing Market is anticipated to register a significant growth rate during the projected timeframe impelled by growing adoption of cloud computing services across various industry verticals. Over the past five years, more than 90% of the enterprises across the world have used cloud computing services as a part of their business. The global cloud computing spending was estimated to be over USD 128 billion in 2017 and it is expected to reach over USD 250 billion by 2022. With the increasing use of cloud technology in various business sectors, there is an increasing need to test the security and scalability of the cloud infrastructure to maximize its overall performance.
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Some of the prominent players present in the cloud testing market are IBM, Oracle, CA Technologies, Micro Focus, Google, Cognizant, Xamarin, Cygnet Infotech, SOASTA, SmartBear Software, Capgemini, Cavisson Systems, and Cigniti. The vendors operating in the cloud testing market are forming strategic partnerships with various cloud solution providers to develop new solutions. The companies are also acquiring other start-ups working in cloud testing solutions to expand their product line. For instance, in May 2018, SmartBear Software acquired Hiptest, a cloud testing solution provider. The Hiptest’s cloud testing platform will be integrated with SmartBear’s existing product portfolio to further strengthen its product offerings to strengthen its position in the cloud testing market.