Global Stress Testing Market 2024-2028
The stress testing market is forecasted to grow by USD 4,905.42 mn during 2023-2028, accelerating at a CAGR of 17.53% during the forecast period. The report on the stress testing market provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors.
The report offers an up-to-date analysis regarding the current market scenario, the latest trends and drivers, and the overall market environment. The market is driven by the increasing adoption of mobile devices and applications, the adoption of cloud-based stress testing, and the need to ensure systems handle extreme workloads.
Technavio's stress testing market is segmented as below:
By End-user
- Banking
- Financial services and insurance
- IT and telecom
- Lifesciences and healthcare
- Others
By Product
- Application testing
- Product testing
By Geographical Landscape
- North America
- Europe
- APAC
- South America
- Middle East and Africa
This study identifies the AI-based stress testing as one of the prime reasons driving the stress testing market growth during the next few years. Also, increasing demand for outsourced testing services and adoption of test automation services will lead to sizable demand in the market.
The report on the stress testing market covers the following areas:
- Stress testing market sizing
- Stress testing market forecast
- Stress testing market industry analysis
The robust vendor analysis is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several leading stress testing market vendors that include Accenture Plc, Akamai Technologies Inc., Capgemini Service SAS, Cigniti Technologies Ltd., DIGITAL HEARTS HOLDINGS Co. Ltd., Dotcom Monitor Inc., HCL Technologies Ltd., Infosys Ltd., International Business Machines Corp., Microsoft Corp., Open Text Corp., Oracle Corp., PFLB Inc., RadView Software Ltd., SmartBear Software Inc., Stimulus Technology, Tata Consultancy Services Ltd., Wipro Ltd., XB Software, and Tricentis GmbH. Also, the stress testing market analysis report includes information on upcoming trends and challenges that will influence market growth. This is to help companies strategize and leverage all forthcoming growth opportunities.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to an analysis of the key vendors.
The publisher presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters such as profit, pricing, competition, and promotions. It presents various market facets by identifying the key industry influencers. The data presented is comprehensive, reliable, and a result of extensive research - both primary and secondary. The market research reports provide a complete competitive landscape and an in-depth vendor selection methodology and analysis using qualitative and quantitative research to forecast the accurate market growth.