Valley Cottage, NY -- (SBWire) -- 04/20/2018 --The global mobile application testing solution market is anticipated to grow from US$ 2.2 Bn in 2016 to US$ 13.3 Bn by 2026, increasing at a CAGR of 19.5% during the forecast period. In a new report "Global Mobile Application Testing Solution Market", Future Market Insights studies the global market for mobile application testing solutions and presents a forecast in terms of revenue for the period 2016–2026. Requirement for immediate regression testing with enhanced growth of m-commerce and an increasing demand from the corporate sector and residential sector is anticipated to drive growth of the global mobile application testing solution market over the forecast period. Trends such as Bring Your Own Device (BYOD) and enterprise applications are likely to boost demand in the corporate sector.
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An increasingly agile mobile environment and higher demand for interactive testing over automated testing are the major challenges faced by mobile application testing solution providers globally. Opportunities for growth in the global mobile application testing solution market lie in the expansion of the IT sector and introduction of new technologies. These factors are expected to help enhance the quality of mobile application testing solutions in the near future.
The global mobile application testing solution market is expected to represent incremental opportunity of US$ 11.04 Bn between 2016 and 2026. North America is likely to be the largest revenue generator for the mobile application testing solution market by 2016 and is expected to increase at a CAGR of 18.1% over the forecast period. The Asia Pacific region is estimated to be the second largest global mobile application testing solution market and is expected to register high Y-o-Y growth through the forecast period. The Asia Pacific market is estimated to expand at a CAGR of 25.3% in terms of value over the forecast period.
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Key market players such as CA Technologies, Cognizant Technology Solution Corporation, Hewlett Packard Enterprise, etc. are focusing on improving the mobile application testing process to consolidate their position in the market. Merger and acquisitions and joint ventures remain a key strategy in the global mobile application testing solution market; for example, over the last few years, companies such as IBM Corporation, Microsoft Corporation, and SAP SE have significantly increased their footprint in the global mobile application testing solution market by entering into strategic partnerships with regional market players.
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Mobile Application Testing Solution Market Is Poised to Exhibit a Moderate 19.5% CAGR Through 2026
The global mobile application testing solution market is anticipated to witness significant revenue growth during the forecast period, owing to a rising demand across commercial and corporate sectors.