- The codeless testing market survey offers insights into factors enabling growth across key segments in terms of solution and application. It also highlights strategies adopted by codeless testing market leaders as they aim for competitive edge
DUBAI, U.A.E., July 7, 2021 /PRNewswire/ -- The global codeless testing market outlook remains positive with the Future market Insights (FMI) projecting it to reach a valuation of US$ 1.5 billion by the end of 2021. Owing to the advent of artificial intelligence (AI) and machine learning the demand for codeless testing is estimated to grow at a robust CAGR of 15.5% during the forecast period 2021 to 2031.
Due to increasing usage of AI in the development of testing tools, which can self-heal at runtime, coupled with shift towards machine learning, self-healing automation testing is expected to emerge as one of the biggest automation testing trends over the coming years.
A number of companies operating in the market are launching their new products to cater to the increasing demand for these tools. For instance, Qualitest, an India-based software testing company, announced the launch of its new AI-powered software testing and quality assurance (QA) toolkit named, Qualisense in June 2020. The tool is expected to leverage machine learning to enhance testing and quality deliveries along with reducing the need for specific testing.
A significant rise in demand for codeless testing is witnessed from small and medium enterprises (SMEs) owing to the increasing adoption of automated testing solutions. As per a study by FMI, the demand outlook for codeless testing solutions from SMEs is likely to surge at a CAGR of over 21% between 2021 and 2031.
"The unprecedented outbreak of novel coronavirus has encouraged leading vendors to emphasize on automating their IT operations to recuperate from the crisis. Besides this, numerous companies are anticipated to invest in artificial intelligence and robotic process automation (RPA), resulting in, bolstering the sales of codeless testing over the coming years," says the FMI analyst.
Emerging players operating in the codeless testing market are focusing on developing innovative products and engaging in strategic partnerships & acquisition to increase their market revenue share. For instance,
Ranorex GmbH, an Austria-based company, announced the introduction of its latest version of Ranorex Studio 9.5 in March 2021
In March 2021, Tricentis, a software testing company announced acquisition of Neotys, a company based in France to expand its AI-driven end-to-end continuous testing platforms.
Key players operating in the codeless testing market profiled by FMI are:
Perforce Software, Inc.
More Insights on the Codeless TestingMarket:
FMI provides an unbiased analysis of the codeless testing market, presenting historical demand data (2016-2020) and forecast statistics for the period from 2021-2031. The study divulges compelling insights on the global codeless testing market with a detailed segmentation on the basis of:
The report offers insight into codeless testing market demand outlook for 2021-2031
The market study also highlights projected sales growth for codeless testing market between 2021 and 2031
Codeless testing market survey identifies key growth drivers, restraints, and other forces impacting prevailing trends and evaluation of current market size and forecast and technological advancements within the industry
Codeless testing market share analysis, covering key companies within the industry and coverage of strategies such as mergers & acquisitions, joint ventures, collaborations or partnerships, and others
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