Fast Facts: IoT, AI Will Double Auto Testing Market Value
In the fast-paced IT industry, new statistics and data are released daily. Each week, Enterprise Mobility Exchange publishes Fast Facts, taking a look at interesting or noteworthy information impacting businesses.
The automation testing market is primed to more than double its market value over the next half decade, according to a recent forecast from MarketsandMarkets.
But the reason behind the market’s growth is what’s quite interesting. According to the report, “the major factors that are expected to drive the growth of the automation testing market include the increasing mobile devices and technologies and DevOps methodology. In addition, digital transformation of testing, and increase in Return on Investment from automation testing are some of the factors that are expected to drive the market growth.”
See related: How To Succeed With Enterprise Mobile Apps
Between 2018 and 2023, the market value is expected to more than double, from $8.5 billion to $19.27 billion, with a CAGR of 17.7% during the forecast period.
Additionally, North America is expected to have the largest market share in the global automation testing market, with the report stating, “The continuous spread of digital transformation across various verticals, and the growing convergence of different technologies, such as Artificial Intelligence, machine learning, Internet of Things, and analytics, have created an impact in the region and led to an increase in IT budget as compared to the previous year.”
Learn more about the automated testing market and how it’s being applied to mobile applications in this report, titled “How To Succeed With Enterprise Apps,” by clicking here.
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