Published Date : Oct 24, 2016
ALBANY, NY, Oct 24, 2016: The report provides a comprehensive overview of the global outsourced software market and aims at evaluating its potential growth trajectory between 2016 and 2020. The report is titled “Global Outsourced Software Testing Market 2016-2020,” and is available on the company website for sale.
The report forecasts robust growth for the market between 2016 and 2020. Spurred by demand for crowdsourcing testing services, the global outsourced software testing market is poised to expand at a CAGR of 11% from 2016 to 2020. Crowdsourcing enables engaging a myriad of testers from varied locations to work on a single project. The concept has been gaining popularity since the last few years due to its ability to offer real-time feedback on product development processes. Furthermore, crowdsourcing presents insights into product quality and allows detecting problems existing in the testing lifecycle. It is more flexible and scalable than outsourcing all the testing services.
However, outsourcing software testing services have various complexities such as cultural and time zone differences and diverse business requirements among regions. Hence, vendors often face difficulties in gauging the exact client requirements and thus face trouble in tailoring solution that would cater to the problem precisely. Furthermore, a majority of clients looking to outsource software testing services keep cost reduction as their key parameter. Service providers may sometimes fail to understand the requirements for cost savings, which may lead to repeat work and incur additional costs. These factors are inhibiting the market’s growth to an extent.
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For the purpose of the study, the report has segmented the global outsourced software testing market into the Americas, EMEA, and APAC. Of these, the Americas dominated the global outsourced software testing market in 2015. The region has been a fast adopter of third-platform technologies, which significantly aided the expansion of the outsourced software testing market in the Americas. With emerging nations in Latin America realizing the potential benefits of the big data technology, the adoption of on-demand software testing services is expected to increase, thus bolstering the market for outsourced software testing.
To study the prevailing competitive landscape in the market, the report also profiles companies such as Amdocs, Accenture, IBM, and HP. Vendors operating in the market are currently focusing on innovating products and expanding their service offerings to gain competitive advantage in the market. Experts suggest that vendors need to work on product differentiation and introduce additional features in their existing products to move up the value chain and gain considerable outsourcing contracts.
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