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Tuesday, December 6, 2022 | 08:13 am

Rapid Expansion of the Cloud Testing Tool Market: Current Scenario, Future Prospects, Top Industry Players, and Projections Through 2027

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Rapid Expansion of the Cloud Testing Tool Market: Current Scenario, Future Prospects, Top Industry Players, and Projections Through 2027

The Cloud Testing Tool Market size is estimated to reach $19.85 billion by 2027 at a CAGR of 13.5% during the forecast period 2022-2027. Globally, the increasing adoption of cloud computing in various industries such as Healthcare, BFSI, and Retail & E-commerce is set to drive the Cloud Testing Tool market. With the growing popularity of Cloud Computing, organizations are adopting cloud testing tools such as multi-layer testing; service-level agreements-based testing, large-scale simulation, and on-demand test environment to address the unique issues of cloud infrastructure. Cloud testing tools are used as testing as a service solution in organizations to free space for servers. The increasing adoption of enterprise-grade Performance-Testing-as-a-Service with machine-learning-powered Optimization provides fast and accurate services is the other factor that influences the market growth. Such factors are analyzed to drive the market during the forecast period 2022-2027.

Key Takeaways
1. Large enterprises are analyzed to hold the highest share in Cloud Testing Tool Market, owing to rising investment in cloud infrastructure.
2. Retail and E-commerce is the fastest growing segment in the Cloud testing tool Market and is estimated to grow at around CAGR 14.18% during the forecast period, owing to emerging Omni-Channel online shopping trends.
3. North America dominated the Cloud testing tool Market owing to the adoption of cloud computing across many verticals such as Healthcare, BFSI, and retail.

Based on applications, the cloud testing tool market is segmented into small enterprises & medium-sized enterprises, and large enterprises. Large enterprises are analyzed to hold the highest share and grow at the highest CAGR of 14.85% during the forecast period 2022-2027, owing to the increasing adoption of cloud computing to accommodate workers who were forced to work remotely. Moreover, investment in cloud infrastructure by large enterprises increases during the pandemic period, influencing market growth. For instance, According to a report from Nutanix Inc, a leader in private cloud, hybrid, and multi-cloud computing, 63 percent of India’s enterprises increased their investments in hybrid cloud infrastructure in 2020 to mitigate the impact of Covid19 on business operations. Large-scale enterprises are adopting cloud testing tools to accelerate their development and testing process. Such investments influence market growth.

Based on end-users segmentation, Retail & E-Commerce held the highest Cloud Testing Tool Market share of around 35.69% in the global Cloud Testing Tool market in 2021 and is estimated to grow at the highest rate during the forecast period. With the arising Omni-Channel online shopping trends, it has become necessary for retail &e-commerce sites to manage their sites without fail. Retail & E-commerce businesses are totally dependent on mobile apps, software apps as well as unified integrated systems. In Retail & E-commerce, cloud testing tools guarantee software quality, reliability, system assurance, and the finest performance and capacity utilization. Testing tools also help to check the digital applications, web services as well as APIs that operate on their websites by observing their performance continuously. Such benefits accelerate the adoption of cloud testing tools in the retail & e-commerce sectors.

Cloud Testing Tool Market Segment Analysis-By Geography
North America held the highest Cloud Testing Market share of around 35% in the global Cloud Testing Tool Market in 2021 and is further set to grow at the highest rate during the forecast period 2022-2027, owing to the adoption of cloud computing across many verticals such as Healthcare, BFSI, and Retail & E-Commerce. The presence of major cloud testing tool vendors such as IBM Corporation& Oracle Corporation and the availability of expertise in cloud technology are the factors that can influence the growth of the market in this region. Moreover, the growing trend of BYOD policy is also influencing the use of cloud testing tool solutions in the region. According to a survey conducted by Cisco Systems Inc in 2020, the IT sector witnessed an increase of around 44.5% in BYOD policy adoption in the past three years in the USA.

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