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Cloud Testing Market size worth $ 19.46 Billion, Globally, by 2028 at 12.33% CAGR: Verified Market Research®

Rising adoption of cloud computing services across various industries such as retail and eCommerce; IT and telecom; Banking, Financial Services, and Insurance (BFSI),  acts as the major key growth driver of the Cloud Testing Market.

JERSEY CITY, N.J., May 12, 2022 /PRNewswire/ -- Verified Market Research recently published a report, "Cloud Testing Market" By Component (Testing Platform/Tools, Services), By Application (BFSI, Transportation), and By Geography. According to Verified Market Research, the Global Cloud Testing Market size was valued at USD 7.68 Billion in 2020 and is projected to reach USD 19.46 Billion by 2028, growing at a CAGR of 12.33% from 2021 to 2028.

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Global Cloud Testing Market Overview

The rise in disposable income acts as a primary growth driver in the Global Cloud Testing Market. Testing a cloud consist of performance, interoperability, availability, security, multitenancy testing, and disaster recovery. Furthermore, cloud testing is argued by many issues such as meeting deadlines, limited budget, a large number of test cases, high cost per test, little reuse of tests, and geographical distributions of users. The major aim of cloud testing is to assure high-quality service delivery and evading data outages requires testing outside the data center or inside a data center or in both places. The application of cloud testing is seen in several sectors including e-commerce, IT and telecom, retail, banking and insurance, transportation, media, and entertainment.

With continuous delivery and uninterrupted services, this technology helps most retailers. It provides on-demand services to retailers to load their applications that are penetrated by multiple users per second. Furthermore, IT industries also have classified testing as a service, which is used for the validation of various software products owned by individuals or by an organization that acts as the major key growth driver of the Cloud Testing Market. On the contrary, the process and implementation cost of cloud testing is very high and because the cloud's resources are shared by several other organizations, demand for bandwidth always fluctuates which is the major restrain and impedes the Cloud Testing Market.

Key Developments

  • In March 2022, Oracle announced to launch New Services and Capabilities that Focused on Giving Customers Even More Flexibility. The organization is expanding with 11 new networking, and storage services and capabilities that enable customers to run their workloads faster and more securely at lower costs.
  • In March 2021, Tricentis announced it acquired Neotys. The acquisition will help to expedite the digital transformation of enterprises with the help of automated software testing.

Key Players

The major players in the market are IBM, Oracle, CA Technologies, Micro Focus, Smartbear Software, Tricentis, Soasta, Xamarin, Cygnet Infotech, and Cavisson Systems.

Verified Market Research has segmented the Global Cloud Testing Market On the basis of Component, Application, and Geography.

  • Cloud Testing Market, By Component
    • Testing Platform/Tools
    • Services
  • Cloud Testing Market, By Application
    • Media & Entertainment
    • Telecom & IT
    • BFSI
    • Transportation
    • Retail & E-commerce
    • Others
  • Cloud Testing Market, by Geography
    • North America
      • U.S
      • Canada
      • Mexico
    • Europe
      • Germany
      • France
      • U.K
      • Rest of Europe
    • Asia Pacific
      • China
      • Japan
      • India
      • Rest of Asia Pacific
    • ROW
      • Middle East & Africa
      • Latin America

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