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The stress testing market share is expected to increase by USD 3.59 billion from 2021 to 2026, and the market’s growth momentum will accelerate at a CAGR of 17.08%.
This stress testing market research report provides valuable insights on the post-COVID-19 impact on the market, which will help companies evaluate their business approaches. Furthermore, this report extensively covers stress testing market segmentation by product (application testing and product testing) and geography (North America, Europe, APAC, South America, and the Middle East and Africa). The stress testing market report also offers information on several market vendors, including Accenture Plc, Akamai Technologies Inc., Capgemini Service SAS, Cigniti Technologies Ltd., Dotcom Monitor Inc., HCL Technologies Ltd., Infosys Ltd., International Business Machines Corp., Invensis Technologies Pvt Ltd., LogiGear Corp., Micro Focus International Plc, Oracle Corp., Performance Lab US LLC, RadView Software Ltd., SmartBear Software Inc., Stimulus Technology, Sun Technologies Inc., Tata Consultancy Services Ltd., Tricentis GmbH, Wipro Ltd., XB Software Ltd., and Microsoft Corp. among others.
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The increasing adoption of mobile devices and applications is notably driving the stress testing market growth, although factors such as cybersecurity concerns in the cloud-based testing environment may impede the market growth. Our research analysts have studied the historical data and deduced the key market drivers and the COVID-19 pandemic's impact on the stress testing industry. The holistic analysis of the drivers will help in deducing end goals and refining marketing strategies to gain a competitive edge.
Key Stress Testing Market Driver
The increasing adoption of mobile devices and applications is one of the key factors driving the stress testing market growth. Smartphone penetration has been increasing in emerging economies, such as India, Brazil, China, Indonesia, and Argentina. Owing to increasing smartphone penetration, companies have moved to the mobile-first strategy and increased investments in mobile application development. For e-commerce and digital payment providers, mobile applications are the backbone of business operations. Any breakdown in mobile applications may lead to a considerable loss for companies. With the increasing adoption of digital media on mobile devices, there is a significant need for stress testing to enhance the performance and functionality of mobile applications. This, in turn, will drive market growth during the forecast period.
Key Stress Testing Market Trend
AI-based stress testing is one of the key stress testing market trends fueling market growth. AI is positively impacting the technological landscape. AI-based solutions have been a major growth enabler for pushing business performance to the next level. Testing solution providers are also incorporating AI technologies into their products to enhance functionalities and differentiate their offerings. Thus, the demand for AI-enabled stress testing solutions and services is expected to surge during the forecast period as businesses are seeking smart and intelligent solutions that reduce system complexity and enable them to launch applications faster in the global stress testing market.
Key Stress Testing Market Challenge
Cybersecurity concerns in the cloud-based testing environment are one of the key factors challenging the stress testing market growth. Testing services are becoming more complex to ensure the optimum level of security. This is mainly due to the growing number of guidelines, as well as IT security-related regulations and policies. The threats from hackers and the incidence of security breaches in cloud-based services are increasing and becoming common. Hence, cybersecurity issues will limit the growth of the market during the forecast period.
This stress testing market analysis report also provides detailed information on other upcoming trends and challenges that will have a far-reaching effect on the market growth. The actionable insights on the trends and challenges will help companies evaluate and develop growth strategies for 2022-2026.
Technavio categorizes the global stress testing market as a part of the global application software market. Our research report has extensively covered external factors influencing the parent market growth potential in the coming years, which will determine the levels of growth of the stress testing market during the forecast period.
The report analyzes the market’s competitive landscape and offers information on several market vendors, including:
This statistical study of the stress testing market encompasses successful business strategies deployed by the key vendors. The stress testing market is fragmented, and the vendors are deploying growth strategies such as collaborations and M&A to compete in the market.
To make the most of the opportunities and recover from the post-COVID-19 impact, market vendors should focus more on the growth prospects in the fast-growing segments while maintaining their positions in the slow-growing segments.
The report stress testing market contains comprehensive market knowledge and an in-depth vendor landscape added on to an analysis of the key vendors.
Our report provides extensive information on the value chain analysis for the stress testing market, which vendors can leverage to gain a competitive advantage during the forecast period. The end-to-end understanding of the value chain is essential in profit margin optimization and evaluation of business strategies. The data available in our value chain analysis segment can help vendors drive costs and enhance customer services during the forecast period.
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31% of the market’s growth will originate from North America during the forecast period. The US and Canada are the key markets for the stress testing market in North America. Market growth in this region will be slower than the growth of the market in Europe and APAC.
Business innovation and digital transformation will facilitate the stress testing market growth in North America over the forecast period. This market research report entails detailed information on the competitive intelligence, marketing gaps, and regional opportunities in store for vendors, which will assist in creating efficient business plans.
COVID-19 Impact and Recovery Analysis
The outbreak of COVID-19 adversely impacted regional market growth. However, by 2021, the demand for stress testing solutions rebounded as regional end-user activities picked up due to the initiation of large-scale COVID-19 vaccination drives. These factors are likely to increase the demand for stress testing during the forecast period.
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The stress testing market share growth in the application testing segment will be significant during the forecast period. The growing demand for mobile applications is increasing the need for mobile testing services. An increase in the adoption of mobile applications is one of the main reasons underlying the growth of the global stress testing market. With the adoption of cloud computing, application testing services are available as on-demand services, which will lead to market growth during the forecast period.
This report provides an accurate prediction of the contribution of all the segments to the growth of the stress testing market size and actionable market insights on the post-COVID-19 impact on each segment.
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Stress Testing Market Scope |
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Report Coverage |
Details |
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Page number |
120 |
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Base year |
2021 |
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Forecast period |
2022-2026 |
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Growth momentum & CAGR |
Accelerate at a CAGR of 17.08% |
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Market growth 2022-2026 |
$3.59 billion |
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Market structure |
Fragmented |
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YoY growth (%) |
12.28 |
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Regional analysis |
North America, Europe, APAC, South America, and the Middle East and Africa |
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Performing market contribution |
North America at 31% |
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Key consumer countries |
US, Canada, India, Germany, and UK |
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Competitive landscape |
Leading companies, Competitive Strategies, Consumer engagement scope |
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Key companies profiled |
Accenture Plc, Akamai Technologies Inc., Capgemini Service SAS, Cigniti Technologies Ltd., Dotcom Monitor Inc., HCL Technologies Ltd., Infosys Ltd., International Business Machines Corp., Invensis Technologies Pvt Ltd., LogiGear Corp., Micro Focus International Plc, Oracle Corp., Performance Lab US LLC, RadView Software Ltd., SmartBear Software Inc., Stimulus Technology, Sun Technologies Inc., Tata Consultancy Services Ltd., Tricentis GmbH, Wipro Ltd., XB Software Ltd., and Microsoft Corp. |
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Market dynamics |
Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and recovery analysis and future consumer dynamics, and Market condition analysis for the forecast period. |
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Customization purview |
If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized. |
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1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Five Forces Analysis
5 Market Segmentation by Product
6 Customer Landscape
7 Geographic Landscape
8 Drivers, Challenges, and Trends
9 Vendor Landscape
10 Vendor Analysis
11 Appendix
Research Framework
Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the market with a particular focus on identifying the key industry influencers. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.
INFORMATION SOURCES
Primary sources
Secondary sources
DATA ANALYSIS
Data Synthesis
Data Validation
REPORT WRITING
Qualitative
Quantitative
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