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Upcoming Allied Market Research
2021
Managed Testing Services Market

Managed Testing Services Market by Delivery Model (Onshore and Offshore), Organization Size (Small & Medium Enterprises and Large Enterprises), and Industry Vertical (BFSI, Healthcare & Life Sciences, Telecommunications &ITES, Government & Public Sector, Manufacturing, Consumer Goods & Retail, Media & Entertainment, and Others): Global Opportunity Analysis and Industry Forecast, 2020–2027

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Dec 2021 | 882 Views
   
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COVID-19

Pandemic disrupted the entire world and affected many industries.

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Managed Testing Services Market Insight

Managed testing service (MTS) covers all activities in a test project, including the entire testing process. Before starting work, the service provider and customer discuss the plan of action for project. Managed testing is useful when testing is complex and requires coordinating one or more parties, all of that requires expertise and resources which customers do not have. Organizations choose managed testing due to the predictability, flexibility, and reduced costs the testing software offer. By considering all testing licenses, activities, points of contact, and services at one point, projects become easier to forecast and track. This reduces the time for project and easy to timeframe and calculable cost for project. 

Managed Testing Services Market Scope and Structure Analysis:

Report Metric

Details

  Market size available for years

  2020–2027

  Base year considered

  2019

  Forecast period

  2021–2027

  Forecast units

  Value (USD)

  Segments covered

  Delivery Model, Organization Size, Industry Vertical, and Region

  Regions covered

North America (U.S. and Canada), Europe (Germany, UK, France, and the Rest of Europe), Asia-Pacific (China, Japan, India, and the Rest of Asia-Pacific), Latin America (Brazil, Mexico, and the Rest of LATAM), and Middle East and Africa

  Companies covered

Major players analyzed in the market include Accenture Plc, Capgemini SE, Cognizant, Hexaware Technologies, Infosys Limited, International Business Machines Corporation, QualiTest, TATA Consultancy Services Limited, Testhouse Ltd., and Wipro Limited.

            

Impact of COVID-19 on Managed Testing Services Market:

  • The COVID-19 pandemic has acted as a catalyst for the development of automation technologies by global companies, especially in the area of drones for the purpose of surveillance and medicine delivery, IT industry. 
  • The unprecedented economic impact of COVID-19 on demand and supply, along with implications on geopolitics, and globalization, will influence the future of automation. 
  • The coronavirus pandemic may drive enhancement of automation, digitalization, and artificial intelligence (AI) in the automobile sector in post COVID era to improve resilience to future pandemics. 
  • In a situation like this, automation and robotics could reduce dependence on human labor and increase productivity, preventing the chances of future plant shutdowns. In addition to this, IoT, AI, and digitalization will become extremely relevant going forward and are going to define the new way of working. This lockdown provides us an opportunity to adopt these new trends, thus increasing the opportunities for the managed testing service market in the upcoming years. 
  • Top impacting factors: market scenario analysis, trends, drivers, and impact analysis

Increase in demand by consumers to provide personalized content and seamless experience in all channels and focus on quality testing and assurance is rising driving the growth of managed testing services market. The rise in demand for integrated application from organizations is helping in driving the managed testing services market globally. However, lack of skilled workforce is a major challenging factor for the managed testing services market. Furthermore, there is a significant growth opportunity in healthcare vertical due to the increasing demand for regulatory compliance, interoperability, and the end-user technology compliance, testing of healthcare applications involves deep technology expertise, significant time and resources, and costs therefore, rising the demand for managed testing services in the forecasted years.

Increasing demand for managed testing services (MTS) providers in organizations

Managed testing service provides organizations a skilled testing team of professionals with good business knowledge. Managed testing service providers understand every aspect of technology. Thus, organizations will get access to a lot of knowledge. This will help organizations in improving testing process. Managed testing service providers use domain-specific practices for testing business applications, helping organizations in improving the quality of applications. 

Developments in the managed testing services (MTS) market

Due to the needs of a growing client portfolio and continue to support existing business development in growing industry vertical, including BFSI, retail, media & entertainment, technology, consumer goods, telecoms, and gaming. Most of top managed testing service providers utilizing emerging technology in the solution and develop their service day by day also due to industrial 4.0 most of the organizations are shifting their businesses towards digitalization this will increases the adoption of the emerging technology such as artificial intelligence, Internet of things, cloud computing and data analytics. Adoption of this services increases development in the managed testing service software and upgrade this development and upgradation of managed testing service software will create lacerative  growth opportunity in the market globally.

Key segments covered:

Segments

Subsegments

  Delivery Model

  • Onshore
  • Offshore

  Organization Size

  • Small & Medium Enterprises
  • Large Enterprises

  Industry Verticals

  • BFSI
  • Healthcare & Life Sciences
  • Telecommunications & ITES
  • Government & Public Sector
  • Manufacturing
  • Consumer Goods & Retail
  • Media & Entertainment
  • Others

 

Key benefits of the report:

  • This study presents the analytical depiction of the global managed testing services industry along with the current trends and future estimations to determine the imminent investment pockets.
  • The report presents information related to key drivers, restraints, and opportunities along with detailed analysis of the global managed testing services market share.
  • The current market is quantitatively analyzed from 2020 to 2027 to highlight the global managed testing services market growth scenario.
  • Porter’s five forces analysis illustrates the potency of buyers & suppliers in the market. 
  • The report provides a detailed global managed testing services market analysis depending on competitive intensity and how the competition will take shape in coming years.
 
With collective industry experience of about 200 years of its analysts and experts, Allied Market Research (AMR) encompasses most infallible research methodology for its market intelligence and industry analysis. We do not only engrave the deepest levels of markets but also sneak through its slimmest details for the purpose of our market estimates and forecasts. Our approach helps in building greater market consensus view for size, shape and industry trends within each industry segment. We carefully factor in industry trends and real developments for identifying key growth factors and future course of the market. Our research proceeds are the resultant of high quality data, expert views and analysis and high value independent opinions. Our research process is designed to deliver balanced view of the global markets and allow stakeholders to make informed decisions.

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Secondary research
We refer a broad array of industry sources for our secondary, which typically include; however, not limited to: Company SEC filings, annual reports, company websites, broker & financial reports and investor presentations for competitive scenario and shape of the industry

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