Market Research Report
Application Testing Services
|Published by||Global Industry Analysts, Inc.||Product code||897394|
|Published||Content info||138 Pages
Delivery time: 1-2 business days
|Application Testing Services|
|Published: February 1, 2020||Content info: 138 Pages||
Application Testing Services market worldwide is projected to grow by US$42.9 Billion, driven by a compounded growth of 13.7%. Professional, one of the segments analyzed and sized in this study, displays the potential to grow at over 14.3%. The shifting dynamics supporting this growth makes it critical for businesses in this space to keep abreast of the changing pulse of the market. Poised to reach over US$57.8 Billion by the year 2025, Professional will bring in healthy gains adding significant momentum to global growth.
Representing the developed world, the United States will maintain a 14.7% growth momentum. Within Europe, which continues to remain an important element in the world economy, Germany will add over US$1.7 Billion to the region's size and clout in the next 5 to 6 years. Over US$2.1 Billion worth of projected demand in the region will come from Rest of Europe markets. In Japan, Professional will reach a market size of US$4.1 Billion by the close of the analysis period. As the world's second largest economy and the new game changer in global markets, China exhibits the potential to grow at 13.5% over the next couple of years and add approximately US$7.6 Billion in terms of addressable opportunity for the picking by aspiring businesses and their astute leaders. Presented in visually rich graphics are these and many more need-to-know quantitative data important in ensuring quality of strategy decisions, be it entry into new markets or allocation of resources within a portfolio. Several macroeconomic factors and internal market forces will shape growth and development of demand patterns in emerging countries in Asia-Pacific. All research viewpoints presented are based on validated engagements from influencers in the market, whose opinions supersede all other research methodologies.
Competitors identified in this market include, among others,