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Software Testing Market 2023 Industry Trends | Growth Dynamics To 2030

Software Testing Market To Hit USD 70 Bn By 2030. The rising demand for autonomous driving systems will outline global software testing market growth. Electric vehicles (EVs) are seeing a major increase in production volume as customers are becoming aware of the harmful effects of driving fossil-fueled vehicles.

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Software Testing Market 2023 Industry Trends | Growth Dynamics To 2030

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  1. Software Testing Market Revenue To Show Tremendous Growth Till 2030

  2. Industry Insights • Software Testing Market To Hit USD 70 Bn By 2030. The rising demand for autonomous driving systems will outline global software testing market growth. Electric vehicles (EVs) are seeing a major increase in production volume as customers are becoming aware of the harmful effects of driving fossil-fueled vehicles. • EVs run on cutting-edge software that gives the driver vital information on the performance of their vehicle. For example, the motor controller is dependent on the embedded software to regulate and supervise the functioning of various components in an electric car, such as the accelerator and battery.

  3. Software testing is an integral part of sectors that use advanced technologies to carry out their daily operations. According to some reports, organizations across the U.S. incurred costs worth USD 1.56 trillion in 2020 alone due to operational software failures, thereby augmenting the need for tougher software testing standards. • The COVID-19 pandemic period witnessed a worrying rise in cybersecurity issues, such as virtual hacking due to lack of proper software testing or poor software quality. As per the European Union Agency for Cybersecurity, in 2020, there was a 47% growth in cyberattacks on healthcare networks and hospitals across Europe. This scenario will accelerate the need for stringent software testing methods to mitigate the risk of losing confidential data. • 1. Pure play software testing offers customized solutions: • Pure play software testing market size will expand at a notable pace over the coming years. The main role of this type of testing is to help product developers enhance the performance of their programs. Pure play testing will assist developers in identifying and solving various defects before making their products available for public use.

  4. Regional Analysis • Global software testing market revenue from the BFSI sector application will increase considerably in the future as this industry vertical is strengthening its reliance on digital technologies. Many banks and financial institutions are launching online platforms to boost their efficiency and enhance their customers’ banking experience. • For instance, in June 2022, Canada-based fintech organization Nuula declared the launch of its app version in the country. The application will enable small business owners to keep a real-time track of their cashflows, while also alerting them of cash shortage beforehand. • Competitive Analysis • . Cognizant, CSC, Capgemini, Wipro Limited, Atos SE, Infosys Limited, Tricentis, Cigniti

  5. Software Testing Market @ https://www.gminsights.com/industry-analysis/software-testing-market Request for sample of this research report @ https://www.gminsights.com/request-sample/detail/3382 Request for customization: https://www.gminsights.com/roc/3382

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