Global Outsourced Software Testing Market 2024-2028

The outsourced software testing market is forecasted to grow by USD 30.46 bn during 2023-2028, accelerating at a CAGR of 14.41% during the forecast period. The report on the outsourced software 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 increased demand for mobile and web applications, increasing demand for cost-effective solution, and rise in adoption of digital transformation initiatives across various industries.

Market Scope
Base Year	2023
End Year	2028
Series Year	2024-2028
Growth Momentum	Accelerate
YOY 2024	13.44%
CAGR	14.41%
Incremental Value	$30.46bn

Technavio's outsourced software testing market is segmented as below:

By Product

Outsourced embedded software testing
Outsourced standalone software testing

By End-user

BFSI
Telecom and media
Retail
Others

By Geography

North America
Europe
APAC
South America
Middle East and Africa

This study identifies the technological advancements in outsourced software testing as one of the prime reasons driving the outsourced software testing market growth during the next few years. Also, rise in adoption of agile and devops methodologies and emergence of blockchain technology and cryptocurrency-based applications will lead to sizable demand in the market.

The report on the outsourced software testing market covers the following areas:

Outsourced software testing market sizing
Outsourced software testing market forecast
Outsourced software 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 outsourced software testing market vendors that include Accenture Plc, Amdocs Ltd., Assystem S.A., Atos SE, Capgemini Service SAS, CGI Inc., Cigniti Technologies Ltd., Cognizant Technology Solutions Corp., HCL Technologies Ltd., Hewlett Packard Enterprise Co., Hexaware Technologies Ltd., Infosys Ltd., International Business Machines Corp., Larsen and Toubro Ltd., QASource, Sutherland Global Services Inc., Tata Consultancy Services Ltd., Tech Mahindra Ltd., Thinksoft Global Services Inc., and Wipro Ltd.. Also, the outsourced software 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.

Product Code: IRTNTR76881

1 Executive Summary

1.1 Market overview
Exhibit 01: Executive Summary - Chart on Market Overview
Exhibit 02: Executive Summary - Data Table on Market Overview
Exhibit 03: Executive Summary - Chart on Global Market Characteristics
Exhibit 04: Executive Summary - Chart on Market by Geography
Exhibit 05: Executive Summary - Chart on Market Segmentation by Product
Exhibit 06: Executive Summary - Chart on Market Segmentation by End-user
Exhibit 07: Executive Summary - Chart on Incremental Growth
Exhibit 08: Executive Summary - Data Table on Incremental Growth
Exhibit 09: Executive Summary - Chart on Vendor Market Positioning

2 Market Landscape

2.1 Market ecosystem
Exhibit 10: Parent market
Exhibit 11: Market Characteristics

3 Market Sizing

3.1 Market definition
Exhibit 12: Offerings of vendors included in the market definition
3.2 Market segment analysis
Exhibit 13: Market segments
3.3 Market size 2023
3.4 Market outlook: Forecast for 2023-2028
Exhibit 14: Chart on Global - Market size and forecast 2023-2028 ($ billion)
Exhibit 15: Data Table on Global - Market size and forecast 2023-2028 ($ billion)
Exhibit 16: Chart on Global Market: Year-over-year growth 2023-2028 (%)
Exhibit 17: Data Table on Global Market: Year-over-year growth 2023-2028 (%)

4 Historic Market Size

4.1 Global outsourced software testing market 2018 - 2022
Exhibit 18: Historic Market Size - Data Table on global outsourced software testing market 2018 - 2022 ($ billion)
4.2 Product Segment Analysis 2018 - 2022
Exhibit 19: Historic Market Size - Product Segment 2018 - 2022 ($ billion)
4.3 End-user Segment Analysis 2018 - 2022
Exhibit 20: Historic Market Size - End-user Segment 2018 - 2022 ($ billion)
4.4 Geography Segment Analysis 2018 - 2022
Exhibit 21: Historic Market Size - Geography Segment 2018 - 2022 ($ billion)
4.5 Country Segment Analysis 2018 - 2022
Exhibit 22: Historic Market Size - Country Segment 2018 - 2022 ($ billion)

5 Five Forces Analysis

5.1 Five forces summary
Exhibit 23: Five forces analysis - Comparison between 2023 and 2028
5.2 Bargaining power of buyers
Exhibit 24: Chart on Bargaining power of buyers - Impact of key factors 2023 and 2028
5.3 Bargaining power of suppliers
Exhibit 25: Bargaining power of suppliers - Impact of key factors in 2023 and 2028
5.4 Threat of new entrants
Exhibit 26: Threat of new entrants - Impact of key factors in 2023 and 2028
5.5 Threat of substitutes
Exhibit 27: Threat of substitutes - Impact of key factors in 2023 and 2028
5.6 Threat of rivalry
Exhibit 28: Threat of rivalry - Impact of key factors in 2023 and 2028
5.7 Market condition
Exhibit 29: Chart on Market condition - Five forces 2023 and 2028

6 Market Segmentation by Product

6.1 Market segments
Exhibit 30: Chart on Product - Market share 2023-2028 (%)
Exhibit 31: Data Table on Product - Market share 2023-2028 (%)
6.2 Comparison by Product
Exhibit 32: Chart on Comparison by Product
Exhibit 33: Data Table on Comparison by Product
6.3 Outsourced embedded software testing - Market size and forecast 2023-2028
Exhibit 34: Chart on Outsourced embedded software testing - Market size and forecast 2023-2028 ($ billion)
Exhibit 35: Data Table on Outsourced embedded software testing - Market size and forecast 2023-2028 ($ billion)
Exhibit 36: Chart on Outsourced embedded software testing - Year-over-year growth 2023-2028 (%)
Exhibit 37: Data Table on Outsourced embedded software testing - Year-over-year growth 2023-2028 (%)
6.4 Outsourced standalone software testing - Market size and forecast 2023-2028
Exhibit 38: Chart on Outsourced standalone software testing - Market size and forecast 2023-2028 ($ billion)
Exhibit 39: Data Table on Outsourced standalone software testing - Market size and forecast 2023-2028 ($ billion)
Exhibit 40: Chart on Outsourced standalone software testing - Year-over-year growth 2023-2028 (%)
Exhibit 41: Data Table on Outsourced standalone software testing - Year-over-year growth 2023-2028 (%)
6.5 Market opportunity by Product
Exhibit 42: Market opportunity by Product ($ billion)
Exhibit 43: Data Table on Market opportunity by Product ($ billion)

7 Market Segmentation by End-user

7.1 Market segments
Exhibit 44: Chart on End-user - Market share 2023-2028 (%)
Exhibit 45: Data Table on End-user - Market share 2023-2028 (%)
7.2 Comparison by End-user
Exhibit 46: Chart on Comparison by End-user
Exhibit 47: Data Table on Comparison by End-user
7.3 BFSI - Market size and forecast 2023-2028
Exhibit 48: Chart on BFSI - Market size and forecast 2023-2028 ($ billion)
Exhibit 49: Data Table on BFSI - Market size and forecast 2023-2028 ($ billion)
Exhibit 50: Chart on BFSI - Year-over-year growth 2023-2028 (%)
Exhibit 51: Data Table on BFSI - Year-over-year growth 2023-2028 (%)
7.4 Telecom and media - Market size and forecast 2023-2028
Exhibit 52: Chart on Telecom and media - Market size and forecast 2023-2028 ($ billion)
Exhibit 53: Data Table on Telecom and media - Market size and forecast 2023-2028 ($ billion)
Exhibit 54: Chart on Telecom and media - Year-over-year growth 2023-2028 (%)
Exhibit 55: Data Table on Telecom and media - Year-over-year growth 2023-2028 (%)
7.5 Retail - Market size and forecast 2023-2028
Exhibit 56: Chart on Retail - Market size and forecast 2023-2028 ($ billion)
Exhibit 57: Data Table on Retail - Market size and forecast 2023-2028 ($ billion)
Exhibit 58: Chart on Retail - Year-over-year growth 2023-2028 (%)
Exhibit 59: Data Table on Retail - Year-over-year growth 2023-2028 (%)
7.6 Others - Market size and forecast 2023-2028
Exhibit 60: Chart on Others - Market size and forecast 2023-2028 ($ billion)
Exhibit 61: Data Table on Others - Market size and forecast 2023-2028 ($ billion)
Exhibit 62: Chart on Others - Year-over-year growth 2023-2028 (%)
Exhibit 63: Data Table on Others - Year-over-year growth 2023-2028 (%)
7.7 Market opportunity by End-user
Exhibit 64: Market opportunity by End-user ($ billion)
Exhibit 65: Data Table on Market opportunity by End-user ($ billion)

8 Customer Landscape

8.1 Customer landscape overview
Exhibit 66: Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria

9 Geographic Landscape

9.1 Geographic segmentation
Exhibit 67: Chart on Market share by geography 2023-2028 (%)
Exhibit 68: Data Table on Market share by geography 2023-2028 (%)
9.2 Geographic comparison
Exhibit 69: Chart on Geographic comparison
Exhibit 70: Data Table on Geographic comparison
9.3 North America - Market size and forecast 2023-2028
Exhibit 71: Chart on North America - Market size and forecast 2023-2028 ($ billion)
Exhibit 72: Data Table on North America - Market size and forecast 2023-2028 ($ billion)
Exhibit 73: Chart on North America - Year-over-year growth 2023-2028 (%)
Exhibit 74: Data Table on North America - Year-over-year growth 2023-2028 (%)
9.4 Europe - Market size and forecast 2023-2028
Exhibit 75: Chart on Europe - Market size and forecast 2023-2028 ($ billion)
Exhibit 76: Data Table on Europe - Market size and forecast 2023-2028 ($ billion)
Exhibit 77: Chart on Europe - Year-over-year growth 2023-2028 (%)
Exhibit 78: Data Table on Europe - Year-over-year growth 2023-2028 (%)
9.5 APAC - Market size and forecast 2023-2028
Exhibit 79: Chart on APAC - Market size and forecast 2023-2028 ($ billion)
Exhibit 80: Data Table on APAC - Market size and forecast 2023-2028 ($ billion)
Exhibit 81: Chart on APAC - Year-over-year growth 2023-2028 (%)
Exhibit 82: Data Table on APAC - Year-over-year growth 2023-2028 (%)
9.6 South America - Market size and forecast 2023-2028
Exhibit 83: Chart on South America - Market size and forecast 2023-2028 ($ billion)
Exhibit 84: Data Table on South America - Market size and forecast 2023-2028 ($ billion)
Exhibit 85: Chart on South America - Year-over-year growth 2023-2028 (%)
Exhibit 86: Data Table on South America - Year-over-year growth 2023-2028 (%)
9.7 Middle East and Africa - Market size and forecast 2023-2028
Exhibit 87: Chart on Middle East and Africa - Market size and forecast 2023-2028 ($ billion)
Exhibit 88: Data Table on Middle East and Africa - Market size and forecast 2023-2028 ($ billion)
Exhibit 89: Chart on Middle East and Africa - Year-over-year growth 2023-2028 (%)
Exhibit 90: Data Table on Middle East and Africa - Year-over-year growth 2023-2028 (%)
9.8 US - Market size and forecast 2023-2028
Exhibit 91: Chart on US - Market size and forecast 2023-2028 ($ billion)
Exhibit 92: Data Table on US - Market size and forecast 2023-2028 ($ billion)
Exhibit 93: Chart on US - Year-over-year growth 2023-2028 (%)
Exhibit 94: Data Table on US - Year-over-year growth 2023-2028 (%)
9.9 Germany - Market size and forecast 2023-2028
Exhibit 95: Chart on Germany - Market size and forecast 2023-2028 ($ billion)
Exhibit 96: Data Table on Germany - Market size and forecast 2023-2028 ($ billion)
Exhibit 97: Chart on Germany - Year-over-year growth 2023-2028 (%)
Exhibit 98: Data Table on Germany - Year-over-year growth 2023-2028 (%)
9.10 UK - Market size and forecast 2023-2028
Exhibit 99: Chart on UK - Market size and forecast 2023-2028 ($ billion)
Exhibit 100: Data Table on UK - Market size and forecast 2023-2028 ($ billion)
Exhibit 101: Chart on UK - Year-over-year growth 2023-2028 (%)
Exhibit 102: Data Table on UK - Year-over-year growth 2023-2028 (%)
9.11 China - Market size and forecast 2023-2028
Exhibit 103: Chart on China - Market size and forecast 2023-2028 ($ billion)
Exhibit 104: Data Table on China - Market size and forecast 2023-2028 ($ billion)
Exhibit 105: Chart on China - Year-over-year growth 2023-2028 (%)
Exhibit 106: Data Table on China - Year-over-year growth 2023-2028 (%)
9.12 Japan - Market size and forecast 2023-2028
Exhibit 107: Chart on Japan - Market size and forecast 2023-2028 ($ billion)
Exhibit 108: Data Table on Japan - Market size and forecast 2023-2028 ($ billion)
Exhibit 109: Chart on Japan - Year-over-year growth 2023-2028 (%)
Exhibit 110: Data Table on Japan - Year-over-year growth 2023-2028 (%)
9.13 Market opportunity by geography
Exhibit 111: Market opportunity by geography ($ billion)
Exhibit 112: Data Tables on Market opportunity by geography ($ billion)

10 Drivers, Challenges, and Trends

10.1 Market drivers
10.2 Market challenges
10.3 Impact of drivers and challenges
Exhibit 113: Impact of drivers and challenges in 2023 and 2028
10.4 Market trends

11 Vendor Landscape

11.1 Overview
11.2 Vendor landscape
Exhibit 114: Overview on Criticality of inputs and Factors of differentiation
11.3 Landscape disruption
Exhibit 115: Overview on factors of disruption
11.4 Industry risks
Exhibit 116: Impact of key risks on business

12 Vendor Analysis

12.1 Vendors covered
Exhibit 117: Vendors covered
12.2 Market positioning of vendors
Exhibit 118: Matrix on vendor position and classification
12.3 Accenture Plc
Exhibit 119: Accenture Plc - Overview
Exhibit 120: Accenture Plc - Business segments
Exhibit 121: Accenture Plc - Key news
Exhibit 122: Accenture Plc - Key offerings
Exhibit 123: Accenture Plc - Segment focus
12.4 Atos SE
Exhibit 124: Atos SE - Overview
Exhibit 125: Atos SE - Business segments
Exhibit 126: Atos SE - Key news
Exhibit 127: Atos SE - Key offerings
Exhibit 128: Atos SE - Segment focus
12.5 Capgemini Service SAS
Exhibit 129: Capgemini Service SAS - Overview
Exhibit 130: Capgemini Service SAS - Business segments
Exhibit 131: Capgemini Service SAS - Key news
Exhibit 132: Capgemini Service SAS - Key offerings
Exhibit 133: Capgemini Service SAS - Segment focus
12.6 CGI Inc.
Exhibit 134: CGI Inc. - Overview
Exhibit 135: CGI Inc. - Business segments
Exhibit 136: CGI Inc. - Key news
Exhibit 137: CGI Inc. - Key offerings
Exhibit 138: CGI Inc. - Segment focus
12.7 Cigniti Technologies Ltd.
Exhibit 139: Cigniti Technologies Ltd. - Overview
Exhibit 140: Cigniti Technologies Ltd. - Product / Service
Exhibit 141: Cigniti Technologies Ltd. - Key offerings
12.8 Cognizant Technology Solutions Corp.
Exhibit 142: Cognizant Technology Solutions Corp. - Overview
Exhibit 143: Cognizant Technology Solutions Corp. - Business segments
Exhibit 144: Cognizant Technology Solutions Corp. - Key news
Exhibit 145: Cognizant Technology Solutions Corp. - Key offerings
Exhibit 146: Cognizant Technology Solutions Corp. - Segment focus
12.9 HCL Technologies Ltd.
Exhibit 147: HCL Technologies Ltd. - Overview
Exhibit 148: HCL Technologies Ltd. - Business segments
Exhibit 149: HCL Technologies Ltd. - Key news
Exhibit 150: HCL Technologies Ltd. - Key offerings
Exhibit 151: HCL Technologies Ltd. - Segment focus
12.10 Hewlett Packard Enterprise Co.
Exhibit 152: Hewlett Packard Enterprise Co. - Overview
Exhibit 153: Hewlett Packard Enterprise Co. - Business segments
Exhibit 154: Hewlett Packard Enterprise Co. - Key news
Exhibit 155: Hewlett Packard Enterprise Co. - Key offerings
Exhibit 156: Hewlett Packard Enterprise Co. - Segment focus
12.11 Infosys Ltd.
Exhibit 157: Infosys Ltd. - Overview
Exhibit 158: Infosys Ltd. - Business segments
Exhibit 159: Infosys Ltd. - Key news
Exhibit 160: Infosys Ltd. - Key offerings
Exhibit 161: Infosys Ltd. - Segment focus
12.12 International Business Machines Corp.
Exhibit 162: International Business Machines Corp. - Overview
Exhibit 163: International Business Machines Corp. - Business segments
Exhibit 164: International Business Machines Corp. - Key news
Exhibit 165: International Business Machines Corp. - Key offerings
Exhibit 166: International Business Machines Corp. - Segment focus
12.13 Larsen and Toubro Ltd.
Exhibit 167: Larsen and Toubro Ltd. - Overview
Exhibit 168: Larsen and Toubro Ltd. - Business segments
Exhibit 169: Larsen and Toubro Ltd. - Key news
Exhibit 170: Larsen and Toubro Ltd. - Key offerings
Exhibit 171: Larsen and Toubro Ltd. - Segment focus
12.14 Sutherland Global Services Inc.
Exhibit 172: Sutherland Global Services Inc. - Overview
Exhibit 173: Sutherland Global Services Inc. - Product / Service
Exhibit 174: Sutherland Global Services Inc. - Key offerings
12.15 Tech Mahindra Ltd.
Exhibit 175: Tech Mahindra Ltd. - Overview
Exhibit 176: Tech Mahindra Ltd. - Business segments
Exhibit 177: Tech Mahindra Ltd. - Key offerings
Exhibit 178: Tech Mahindra Ltd. - Segment focus
12.16 Thinksoft Global Services Inc.
Exhibit 179: Thinksoft Global Services Inc. - Overview
Exhibit 180: Thinksoft Global Services Inc. - Product / Service
Exhibit 181: Thinksoft Global Services Inc. - Key offerings
12.17 Wipro Ltd.
Exhibit 182: Wipro Ltd. - Overview
Exhibit 183: Wipro Ltd. - Business segments
Exhibit 184: Wipro Ltd. - Key news
Exhibit 185: Wipro Ltd. - Key offerings
Exhibit 186: Wipro Ltd. - Segment focus

13 Appendix

13.1 Scope of the report
13.2 Inclusions and exclusions checklist
Exhibit 187: Inclusions checklist
Exhibit 188: Exclusions checklist
13.3 Currency conversion rates for US$
Exhibit 189: Currency conversion rates for US$
13.4 Research methodology
Exhibit 190: Research methodology
Exhibit 191: Validation techniques employed for market sizing
Exhibit 192: Information sources
13.5 List of abbreviations
Exhibit 193: List of abbreviations