Crowdsourced Testing Report: Trends, Forecast and Competitive Analysis

Crowdsourced Testing Report: Trends, Forecast and Competitive Analysis

Crowdsourced Testing Trends and Forecast

The future of the global crowdsourced testing market looks promising with opportunities in the web and mobile markets. The global crowdsourced testing market is expected to reach an estimated $2.81 billion by 2030 with a CAGR of 9.8% from 2024 to 2030. The major drivers for this market are growing trend of AI and ML technologies, rising need for scaling quality assurance of software for enhancing customer experience, and increasing requirement for adopting cost-effective software development process.

A more than 150-page report is developed to help in your business decisions. Sample figures with some insights are shown below.

Crowdsourced Testing by Segment

The study includes a forecast for the global crowdsourced testing by testing type, platform, deployment mode, verticals, and region

Crowdsourced Testing Market by Testing Type [Shipment Analysis by Value from 2018 to 2030]:

• Performance Testing
• Functionality Testing
• Usability Testing
• Localization Testing
• Security Testing
• Others

Crowdsourced Testing Market by Application [Shipment Analysis by Value from 2018 to 2030]:

• Web Application
• Mobile Application
• Others

Crowdsourced Testing Market by Deployment Mode [Shipment Analysis by Value from 2018 to 2030]:

• Cloud
• On-premises

Crowdsourced Testing Market by Verticals [Shipment Analysis by Value from 2018 to 2030]:

• Telecom and IT
• BFSI
• Healthcare and Life Sciences
• Retail
• Media and Entertainment
• Others

Crowdsourced Testing Market by Region [Shipment Analysis by Value from 2018 to 2030]:

• North America
• Europe
• Asia Pacific
• The Rest of the World

List of Crowdsourced Testing Companies

Companies in the market compete on the basis of product quality offered. Major players in this market focus on expanding their manufacturing facilities, R&D investments, infrastructural development, and leverage integration opportunities across the value chain. With these strategies crowdsourced testing companies cater increasing demand, ensure competitive effectiveness, develop innovative products & technologies, reduce production costs, and expand their customer base. Some of the crowdsourced testing companies profiled in this report include-

• Qualitest
• Nomura Research Institute
• Cobalt Labs
• Cigniti Technologies
• Test Yantra Software Solutions
• Infosys
• Qualitrix
• Epam Systems
• Bugcrowd
• Flatworld Solutions

Crowdsourced Testing Market Insights

Lucintel forecasts that usability testing is expected to witness highest growth over the forecast period.

Within this market, mobile application will remain the largest segment due to rising internet penetration and growing adoption of smartphones for digital payments and online shoppings.

North America will remain the largest segment over the forecast period due to rapid advanced technologies like cloud and presence of major players in the region.

Features of the Global Crowdsourced Testing Market

Market Size Estimates: Crowdsourced testing market size estimation in terms of value ($B).

Trend and Forecast Analysis: Market trends (2018 to 2023) and forecast (2024 to 2030) by various segments and regions.

Segmentation Analysis: Crowdsourced testing market size by various segments, such as by testing type, application, deployment mode, verticals, and region in terms of value ($B).

Regional Analysis: Crowdsourced testing market breakdown by North America, Europe, Asia Pacific, and Rest of the World.

Growth Opportunities: Analysis of growth opportunities in different testing types, applications, deployment modes, verticals, and regions for the crowdsourced testing market.

Strategic Analysis: This includes M&A, new product development, and competitive landscape of the crowdsourced testing market.

Analysis of competitive intensity of the industry based on Porter’s Five Forces model.

FAQ

Q.1 What is the crowdsourced testing market size?

Answer: The global crowdsourced testing market is expected to reach an estimated $2.81 billion by 2030.

Q.2 What is the growth forecast for crowdsourced testing market?

Answer: The global crowdsourced testing market is expected to grow with a CAGR of 9.8% from 2024 to 2030

Q.3 What are the major drivers influencing the growth of the crowdsourced testing market?

Answer: the major drivers for this market are growing trend of AI and ML technologies, rising need for scaling quality assurance of software for enhancing customer experience, and increasing requirement for adopting cost-effective software development process.

Q4. What are the major segments for crowdsourced testing market?

Answer: The future of the global crowdsourced testing market looks promising with opportunities in the web and mobile markets.

Q5. Who are the key crowdsourced testing market companies?

Answer: Some of the key crowdsourced testing companies are as follows:

• Qualitest
• Nomura Research Institute
• Cobalt Labs
• Cigniti Technologies
• Test Yantra Software Solutions
• Infosys
• Qualitrix
• EPAM Systems
• Bugcrowd
• Flatworld Solutions

Q6. Which crowdsourced testing market segment will be the largest in future?

Answer: Lucintel forecasts that usability testing is expected to witness highest growth over the forecast period.

Q7. In crowdsourced testing market, which region is expected to be the largest in next 5 years?

Answer: North America will remain the largest segment over the forecast period due to rapid advanced technologies like cloud and presence of major players in the region.

Q.8 Do we receive customization in this report?

Answer: Yes, Lucintel provides 10% customization without any additional cost.

This report answers following 11 key questions:

Q.1. What are some of the most promising, high-growth opportunities for the crowdsourced testing market by testing type (performance testing, functionality testing, usability testing,localization testing, security testing, and others), application (web application, mobile application, and others), deployment mode (cloud, and on-premises), verticals (telecom and IT, BFSI, healthcare and life sciences, retail, media and entertainment, and others), and region (North America, Europe, Asia Pacific, and the Rest of the World)

Q.2. Which segments will grow at a faster pace and why?

Q.3. Which region will grow at a faster pace and why?

Q.4. What are the key factors affecting market dynamics? What are the key challenges and business risks in this market?

Q.5. What are the business risks and competitive threats in this market?

Q.6. What are the emerging trends in this market and the reasons behind them?

Q.7. What are some of the changing demands of customers in the market?

Q.8. What are the new developments in the market? Which companies are leading these developments?

Q.9. Who are the major players in this market? What strategic initiatives are key players pursuing for business growth?

Q.10. What are some of the competing products in this market and how big of a threat do they pose for loss of market share by material or product substitution?

Q.11. What M&A activity has occurred in the last 5 years and what has its impact been on the industry?

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