Topic Discussed : Global Software Testing Services Market, Forecast to 2024
Speakers : Varun Raman
Key Takeaways:
• While the traditional spend on testing by end-users is on the decline, the growth of specialized testing services and the adoption of Agile and DevOps help this market continue to ride the wave of growth. Greater flexibility in pricing models to suit a varied range of customers, and a shift from a CAPEX system to a more subscription-like OPEX system is also expected to contribute to strong double digit growth across all regions.
• Banking, financial services, and insurance (BFSI), IT and telecom, lifesciences and healthcare, manufacturing, energy and utilities, and retail, consumer goods, and logistics are some of the key end-user verticals. Among these, the BFSI vertical is the largest end-user vertical and will remain so over the forecast period. The retail, consumer goods, and logistics vertical will be the fastest growing end-user vertical over the same period to become the second largest vertical at the end of the forecast period.
• The shift left philosophy employed by most testing vendors introduces security testing earlier in the development phase. By integrating security testing within a DevOps environment, security testing vendors are advocating for the push of DevSecOps, which entails continuous integration, delivery, and security.
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