27-Sep-2021 | Facts and Factors
As per the Facts and Factors market research report, the demand for the global agile development and testing services market grows during the forecast period. The market was valued at around USD 20 Billion in 2020 and is expected to reach around USD 30 Billion by 2026 at a CAGR of 18%.
Physical systems and a virtual environment are combined in the construction of the complex IT infrastructure, which necessitates routine testing and inspections for proper feedback and continuous deployment. Due to reasons such as constantly shifting needs, a lack of data sources technical capabilities, or inappropriate quality assessment, digital firms' quality assurance, and accreditation teams often battle to find the right balance between program stability and duration. The notion of Continuous Integration (CI) is well-known in the industry, but there remained a gap in the deployment process, which provided an opportunity for agile development and testing market. Demand for software development is increasing as organizations around the world become more digital. In addition, growing organizations are leading the way in terms of enhancing their efficiency by automating their testing operations. As a result, the rising need for consistent and timely delivery is propelling the market forward. Furthermore, the market is benefiting from the introduction of agile and DevOps approaches to project management.
Top Market Players
The key players in the global agile development and testing services market are Xoriant Corporation, Cognizant, SolutionsIQ, Tech Mahindra Limited, Mindtree Limited, Salesforce.com, Celerity, Wipro, TCS, Accenture, Capgemini, IBM, Infosys, EPAM Systems, HCL Technologies, Amdocs, and Atos among others.
Digital Transformation of Businesses
The rise of the IT industry and the adoption of cloud services across sectors have created demand, but due to a large number of software development companies in the market and growing awareness of agile project management approaches, the market concentration is fragmenting and is expected to continue in the forecast period. For instance, in January 2019, Xoriant, a Silicon Valley-based technology-oriented engineering, programming, and technology solutions firm, signed a memorandum of understanding with Vishwakarma Institute of Technology (VIT), a leading engineering institution in Pune with a National accreditation level of A++ rating. Xoriant will build Centers of Excellence for VIT in digital technologies like machine learning, artificial intelligence, deep learning, and data science, according to the MoU. For the teachers and students of VIT, Xoriant plans to host creative sessions and set up labs with a training program curriculum developed by skilled technological professionals.
Developments in quality assurance (QA) and testing are strongly connected with software development in the digital world. The senior management has made ensuring a flawless client experience service top quality assurance (QA) priority. As a result, decision-makers are focusing on the importance of software quality in improving customer experience. Capgemini's Agile Managed Testing Services (MTS) is a comprehensive quality check and testing professional service approach. Through OneShare, it allows for quick deployment of test environments also while providing information and architecture to facilitate iterative deployment. To provide quality control, Agile MTS combines detailed test advice and test services.
Automated test solutions speed up the testing process and increase the effectiveness of the testing process. The fundamental goal of automated testing solutions is to eliminate manual intervention while also increasing testing output. These services help firms save money on testing by allowing them to execute test scripts at any time, increasing productivity and software features. This increase in supply for test automation services will result in the worldwide agile development and testing services market expanding.
Asia Pacific Is The Fastest-Growing Region
Due to rapid digitalization adoption in China and India, Asia Pacific would be the fastest-growing market throughout the forecast period. India's government has created investment and scheme plans to support the country's digitization. The Indian government's National Digital Literacy Mission to promote digital literacy is expected to drive the market size in the future. The project entails the training of 52.5 lakh people across the country in information technology. India is the main center for outsourcing IT software and services due to the availability of experienced IT people at affordable wages. Furthermore, the expansion of the online retail industry in China, Malaysia, and India, owing to rising consumer money and lifestyles, provides an opportunity for software testing businesses to improve user experience. The presence of large online retail firms like Alibaba and Amazon in the region is projected to increase demand for web and application testing services. Certain developments are anticipated to grow during the forecast period.
Browse the full report “Agile Development and Testing Services Market By Methodologies (Scrum, Kanban and Lean), By Services Management (Development and Testing), By Project Execution (Delivery and Product Development), By Service Type (Professional and Managed), By Testing Type (Functionality, Security, and Automation): Global Industry Perspective, Comprehensive Analysis, and Forecast, 2021 – 2026” at https://www.fnfresearch.com/agile-development-and-testing-services-market
The global agile development and testing services market is segmented as follows:
By Services Management:
By Project Execution:
- Product Development
By Service Type:
By Testing Type:
- North America
- The UK
- Rest of Europe
- Asia Pacific
- South Korea
- Southeast Asia
- Rest of Asia Pacific
- Latin America
- Rest of Latin America
- Middle East & Africa
- South Africa
- Rest of Middle East & Africa
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