Global Automation Testing Market to Reach $136.4 Billion by 2030
The global market for Automation Testing estimated at US$40.8 Billion in the year 2023, is expected to reach US$136.4 Billion by 2030, growing at a CAGR of 18.8% over the period 2023-2030. Automation Testing Services, one of the segments analyzed in the report, is expected to record 18% CAGR and reach US$99.5 Billion by the end of the analysis period. Growth in the Automation Testing Types segment is estimated at 21.2% CAGR for the next 7-year period.
The U.S. Market is Estimated at $10.4 Billion, While China is Forecast to Grow at 23.8% CAGR
The Automation Testing market in the U.S. is estimated at US$10.4 Billion in the year 2023. China, the world`s second largest economy, is forecast to reach a projected market size of US$36.3 Billion by the year 2030 trailing a CAGR of 23.8% over the analysis period 2023 to 2030. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 13.1% and 15.9% respectively over the 2023-2030 period. Within Europe, Germany is forecast to grow at approximately 14.3% CAGR.
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