The "Global Cloud Testing Market (2021-2027) by Component, Vertical, and Geography, Competitive Analysis, Impact of Covid-19, Ansoff Analysis" report has been added to ResearchAndMarkets.com's offering.
The Global Cloud Testing Market is estimated to be worth USD 9.7 billion in 2021, and is expected to reach USD 21.74 billion by 2027, growing at a CAGR of 13.5%.
Market Dynamics
The Global Cloud Testing Market is segmented based on Component, Vertical, and Geography.
By Component, the Tool Type segment is expected to hold the highest market share during the forecast period. The growth of the segment is because the tools/platforms assist organizations in carrying out the testing process on the cloud seamlessly. Testing tools are cost-effective and offer functionalities like mobile and web performance testing, web and mobile functional testing.
By Vertical, Retail and eCommerce holds the maximum share during the forecast period. Cloud testing solutions enable retailers and e-commerce businesses to offer seamless and efficient services to their consumers. Technological innovations in customer analytics in brick-and-mortar retail stores are contributing to the growth of the market. These enterprises need to keep a daily check on the digital applications, web services, and APIs that run their websites by monitoring their performance.
By Geography, North America is projected to lead the market. The enterprises in this region are cloud-based, which requires frequent maintenance and testing services. Most cloud testing solution and service providers are present in the North American region, and therefore, the competition is tough among the major market players.
Report Highlights
Companies Profiled
For more information about this report visit https://www.researchandmarkets.com/r/2mvdae
View source version on businesswire.com: https://www.businesswire.com/news/home/20211015005495/en/
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