LONDON--(BUSINESS WIRE)--The software testing services market in ANZ to register an incremental growth of USD 569.74 million, witnessing a CAGR of over 12% during 2020-2024, according to the latest market research analysis by Technavio. The report offers a detailed analysis of the impact of COVID-19 pandemic on the software testing services market in ANZ in optimistic, probable, and pessimistic forecast scenarios.
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The software testing services market in ANZ will witness a Neutral and At par impact during the forecast period owing to the extensive rise of COVID-19 pandemic. Furthermore, as per Technavio’s pandemic-focused research highlights, the market growth is likely to Increase compared to 2019.
Software Testing Services Market in ANZ 2020-2024: Vendor Analysis
The market is fragmented. Key players in the market have been launching several initiatives and introducing innovative products and services to cater to a larger target audience during the pandemic. With rapidly shifting focus toward creating a digital marketplace to provide a convenient platform for stakeholders in the supply chain, several companies in the market are resorting to move their businesses online along with existing brick-and-mortar channels.
Major Software Testing Services Market Participants in ANZ are
- Accenture Plc
- Atos SE
- Capgemini Services SAS
- Cognizant Technology Solutions Corp.
- DXC Technology Co.
- HCL Technologies Ltd.
- Infosys Ltd.
- International Business Machines Corp.
- Tata Consultancy Services Ltd.
- Wipro Ltd.
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Software Testing Services Market in ANZ 2020-2024: Segmentation
Software Testing Services Market in ANZ is segmented as below:
-
End-User
- BFSI
- Telecom and media
- Manufacturing
- Retail
- Government
- Others
-
Product
- Application testing
- Product testing
Application testing segment will account for the largest share due to the factors such as the increase in e-commerce spending, the growing adoption of smartphones, a rise in preference for smartphone-based applications being used in day to day life, and the development of smartphone-based applications for the banking sector.
-
Geography
- Australia
- New Zealand
The software testing services market in ANZ is driven by need for cost reduction and faster time-to-market and increased adoption of SaaS-based solutions, as per Technavio’s pandemic impact-focused research study. Furthermore, Technavio's custom research reports offer detailed insights on the impact of COVID-19 at an industry level, a regional level, and subsequent supply chain operations. This customized report will also help clients keep up with new product launches in direct & indirect COVID-19 related markets, and significant developments in vendor operations and government regulations in Information Technology industry.
For gaining more insights about the impact of COVID-19 pandemic on related reports, check out Technavio’s Information Technology section
Key Considerations for Market Forecast:
- Impact of lockdowns, supply chain disruptions, demand destruction, and change in customer behavior
- Optimistic, probable, and pessimistic scenarios for all markets as the impact of pandemic unfolds
- Pre- as well as post-COVID-19 market estimates
- Quarterly impact analysis and updates on market estimates
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Table of Contents:
Executive Summary
Market Landscape
- Market ecosystem
- Value chain analysis
Market Sizing
- Market definition
- Market segment analysis
- Market size 2019
- Market outlook: Forecast for 2019 – 2024
Five Forces Analysis
- Fiver forces summary
- Bargaining power of buyers
- Bargaining power of suppliers
- Threat of new entrants
- Threat of substitutes
- Threat of rivalry
- Market condition
Market Segmentation by Product
- Market segments
- Comparison by Product
- Application testing - Market size and forecast 2019-2024
- Product testing - Market size and forecast 2019-2024
- Market opportunity by Product
Market Segmentation by End-user
- Market segments
- Comparison by End-user
- BFSI - Market size and forecast 2019-2024
- Telecom and media - Market size and forecast 2019-2024
- Manufacturing - Market size and forecast 2019-2024
- Retail - Market size and forecast 2019-2024
- Government - Market size and forecast 2019-2024
- Others - Market size and forecast 2019-2024
- Market opportunity by End-user
Customer landscape
- Overview
- Market drivers
- Market challenges
- Market trends
Vendor Landscape
- Vendors landscape
- Landscape disruption
- Competitive scenario
Vendor Analysis
- Vendors covered
- Market positioning of vendors
- Accenture Plc
- Atos SE
- Capgemini Services SAS
- Cognizant Technology Solutions Corp.
- DXC Technology Co.
- HCL Technologies Ltd.
- Infosys Ltd.
- International Business Machines Corp.
- Tata Consultancy Services Ltd.
- Wipro Ltd.
Appendix
- Scope of the report
- Currency conversion rates for US$
- Research methodology
- List of abbreviations
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Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavio’s report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.
