According to a new report, published by KBV research, The Global Cloud Testing Market size is expected to reach $29.3 billion by 2031, rising at a market growth of 13.5% CAGR during the forecast period.
In modern software development, the evolution of cloud computing has been transformative, revolutionizing how applications are built, deployed, and tested. As organizations increasingly transition their operations to cloud-based environments, the need for efficient and effective testing solutions tailored to the unique challenges of cloud-based applications becomes paramount. This burgeoning demand has given rise to the cloud testing market, an ecosystem characterized by innovation, dynamism, and rapid growth.
The Tools / Platforms segment led the Global Cloud Testing Market by Component in 2023; thereby, achieving a market value of $20.6 billion by 2031. Testing environments have become much more complex as enterprises move their workloads and apps online. Cloud testing tools and platforms address this challenge by providing comprehensive testing solutions catering to unique requirements for cloud-based applications. Thus, these factors will boost the demand in the segment.
The Retail & Ecommerce segment is growing at a CAGR of 12.4 % during the forecast period. Retail and e-commerce applications operate across multiple channels, including websites, mobile apps, social media platforms, and physical stores, creating complex customer omnichannel experiences. Cloud testing solutions enable organizations to conduct comprehensive omnichannel testing to validate their applications' functionality, performance, and consistency across different touchpoints and devices. Therefore, these factors will boost the demand in the segment.
Full Report: https://www.kbvresearch.com/cloud-testing-market/
The North America region dominated the Global Cloud Testing Market by Region in 2023, and would continue to be a dominant market till 2031; thereby, achieving a market value of $10.1 billion by 2031. The Europe region is anticipated to grow at a CAGR of 13.1% during (2024 - 2031). Additionally, The Asia Pacific region would witness a CAGR of 14.3% during (2024 - 2031).
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