The report forecasts the global test environment as a service market to grow at a CAGR of 23.5% during the period 2016-2020.
Commenting on the report, an analyst from the research team said: A trend which is playing an important role in market growth is the growing use of cloud-based testing. Service providers are offering cloud-based testing software and solutions that target SMEs. These services are delivered on a subscription basis and follow the pay-per-use model. SMEs with limited budgets can also opt for these services as service providers provide the required IT infrastructure. Cloud computing offers a broad level of flexibility and a high degree of accessibility to testing tools and test environments from anywhere at any time. By moving IT infrastructure to the cloud, financial organizations can cut capital investments as well as the costs associated with maintenance, security, and infrastructure.
According to the report, a key growth driver is the rise of as-a-service model for testing services. As-a-service model is gaining traction in the IT market, especially in cloud-based services. As-a-service models such as SaaS, PaaS, IaaS, TaaS, and EaaS are IT solution offerings that are delivered on the basis of requirements of organizations. Testing-as-a-service (TaaS) is quickly growing in popularity, as it meets the requirements of the evolving IT landscape. TaaS offers output-based testing, covering every aspect of the lifecycle requirements.
What will the market size be in 2020 and what will the growth rate be?
What are the key market trends?
What is driving this market?
What are the challenges to market growth?
Who are the key vendors in this market space?
What are the market opportunities and threats faced by the key vendors?
What are the strengths and weaknesses of the key vendors?