Cloud Testing Market Overview
Cloud testing is a growing technology to test the physical and virtual components, such as network, storage, and virtualization, to ensure the security of data and the performance of applications that are deployed on the cloud. Some of the factors driving the growth of cloud testing market include the increasing adoption of the cloud technology across businesses, reduced cost of ownership, and the scalability and flexibility offered by cloud-based testing platforms.
Cloud testing finds its application in various sectors including retail and e-commerce, IT and telecom, banking and insurance, media and entertainment, and transportation. The retail and e-commerce industry include online retailers who use the cloud technology to provide their offerings to their customers. This technology helps the retailers to achieve customer service and satisfaction through continuous delivery and uninterrupted functioning of the digital offerings. Cloud testing tools and services offer on-demand services to these retailers to load test their applications that are accessed by multiple users per second. This eases the load testing of the applications, thereby facilitating continuous delivery, and these factors make more retailers to adopt this technology, and thereby driving the cloud testing market growth.
Insights on Market Segments
In terms of component, the cloud testing market is categorized into testing tools and services. Testing tools are further categorized into functional, load, graphical user interface (GUI), application programming interface (API), service virtualization, and cross browser. On the basis of services, the market is classified into professional services and managed services.
Cloud testing market in North America is expected to continue generating the largest revenue in coming years. The companies operating in the North American cloud testing market are heavily investing in research & development of advanced testing tools and technologies. Moreover, presence of several key cloud testing vendors such as IBM, Oracle, and CA Technologies will continue to contribute to accelerate the growth of this market in the region.
Cloud Testing Market Dynamics
The continuously increasing security breaches have been the key driver for for cloud testing market. Data security is a primary concern for any organization and is an important aspect of cloud infrastructure and applications. Many organizations are concerned about the data security policies governing the cloud infrastructure model. In a multi-tenant model, the risk of information leaks is high, and a leak can result in the misuse or manipulation of data.
Security breaches can be controlled to some extent if proper testing of cloud infrastructure is performed. It enables the identification of leak points within the system and helps the cloud computing system to perform efficiently and effectively. Increasing demand for this technology to identify the leak points is one of the major factors, anticipated to have a positive impact on the growth of cloud testing market during the forecast period.
The rapid adoption of cloud computing solutions among enterprises in various end-user industries, such as government, healthcare, and BFSI, is expected to spur the prospects for growth in the cloud testing market in the coming years. Organizations, across the globe are increasingly opting this technology as a necessary component in their working process. Due to the capabilities of cloud sourcing technology in software testing activities to perform quality assurance (QA) and to remove bugs, its usage is continuously rising. Increasing use of cloud sourcing technology for testing services is expected to aid the growth of cloud testing market, in the coming years.
With surging digitization and usage of web and mobile applications across the globe, number of online retailers is continuously rising, due to which competition among eCommerce companies is also surging. With rise in adoption of cloud, more online retailers are using this technology to stay ahead of competition and to reduce the risk of data loss. Thus, the cloud testing market is increasingly growing, across the globe.
Some of the factors restraining the growth of cloud testing market include economic risks, such as currency fluctuations, and changing consumer demands in the global marketplace. These factors are hampering the performance of the vendors operating in this market, and consequently roadblocks the growth of the market.
The increasing adoption of cloud computing has been shaping the cloud testing market. With an increase in adoption of cloud computing, service providers have started to offer a customizable cloud environment for hosting data or services in the cloud. Cloud computing adoption in BFSI, telecom, defense, and education is increasing significantly, across the globe. Many banks in the U.S., including Bank of America, have implemented cloud-based solutions, which require efficient testing services as the banking sector is exposed to many online security threats. Data security and compliance are the major factors hampering the adoption of cloud technologies in the American banking sector. As a result, organizations are investing more in testing services to estimate the performance and precision of cloud-based services.
Some of the key players in the cloud testing market include IBM, Oracle, CA Technologies, Micro Focus, SmartBear Software, SOASTA, Xamarin, Cavisson Systems, Tricentis, Cigniti, Cognizant, and Capgemini.