According to Stratistics MRC, the Global Cloud Testing Market is accounted for $5.65 billion in 2017 and expected to grow at a CAGR 15.6% of to reach $20.99 billion by 2026.
Gaithersburg, MD, US – June 14, 2018 —
Factors influencing the market growth are extensive implementation of Bring your own device policy, increased adoption of cloud services and technologies in developing countries, scalable and flexible delivery model, reduced price of ownership. However, the set of laws and regulations of government are expected to hinder the market growth. Advancements in IoT and machine learning technologies provide growth opportunities. Moreover, data security and lack of skilled professionals are challenges faced by the market.
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Based on Application, Healthcare systems architecture should be an open sharing of information and data for different departments and organizational sizes. Many developed countries are establishing health information exchanges (HIEs), which are cloud-based information clearing houses where information can be more easily shared between hospitals, health systems, physicians, and clinics. It could be making possible the doctor to patient and doctor to doctor interaction as well as to facilitate the transmission and checking of the medical reports easy. Physicians or patients use these systems to validate the treatment process so that the health quality will be improved. Many pharmaceutical companies are starting to tap the cloud to improve research and drug development to discover newer, cheaper, and more effective treatments.
North America is expected to maintain the major share of the market during the forecast period. Asia Pacific is an emerging as a fastest market owing to growth of cloud testing services in Singapore, Australia and Japan during the forecast period.
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Some of the key players in Global Cloud Testing Market are Cognizant, Capgemini, IBM, Tricentis, Xamarin, Soasta, Oracle, MicroFocus, Cygnet Infotech, Cigniti, CA Technologies, Soasta, Smartbear Software and Cavisson Systems.
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• Testing Tools/Platform
• Media and Entertainment
• Banking, Financial Services, and Insurance
• Retail and Ecommerce
• IT and Telecom
• Energy and Utilities
• Other Applications
End Users Covered:
• Large Enterprise
• Small and medium-sized enterprises (SMEs)
• North America
o Rest of Europe
• Asia Pacific
o New Zealand
o South Korea
o Rest of Asia Pacific
• South America
o Rest of South America
• Middle East & Africa
o Saudi Arabia
o South Africa
o Rest of Middle East & Africa
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– Strategic recommendations for the new entrants
– Market forecasts for a minimum of 9 years of all the mentioned segments, sub segments and the regional markets
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– Strategic recommendations in key business segments based on the market estimations
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