The global codeless testing market is expected to be worth $2 billion by 2023. The market is expected to reach $8.6 billion by 2033, with a 15.6% CAGR from 2023 to 2033.
Technological breakthroughs in the QA testing sector, as well as the latest trends introducing IT field services, will boost market developments. Cost minimization is becoming one of the top goals for businesses all around the world. As a result, software companies believe in incorporating front-line IT practices into their operations. Furthermore, the introduction of new technologies has resulted in the most recent advancements in development, software testing, delivery, and design.
Another major focus point for organizations and sectors that are pioneering in business analytics and cloud-based solutions is digital transformation. This technological development trend is predicted to considerably help the growth of the codeless testing market over the forecast period.
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Changes in software testing methodology will have an impact on QA and software testing. Enterprises have raised their software testing expenses, particularly in industries such as transportation, energy, and utilities. Uncharted potential in the codeless testing industry include geographic development in new economies and large-scale implementation of model-based automation testing solutions.
Furthermore, as technology advances in the IT and telecom industries, there is an increase in demand for codeless testing solutions. Modern technologies have proven critical in increasing economic competitiveness.
Key Takeaways: Codeless Testing Market
- Codeless testing tools solutions are expected to exhibit growth at a high rate of over 20%, CAGR between 2021 and 2031 owing to the adoption of automated testing solutions in SMEs.
- Small and medium enterprises (SMEs) are likely to exhibit increasing demand for codeless testing at a strong CAGR of above 21% over the assessment period.
- The market in India is expected to progress at a noteworthy CAGR of more than 25% through 2031, driven by adoption of cloud-based solutions.
- The U.S. will account for over 84% of the North America market, supported by the presence of key market players in the country.
- In the U.K., codeless testing sales are expected to increase at a CAGR of close to 16% over the next ten years, driven by applications in the research sector.
COVID-19 Impact Analysis on Codeless Testing Market
The COVID-19 pandemic has accelerated growth of the codeless testing market, aided by applications in online banking, e-retail, and mobile applications for healthcare, entertainment, and more to achieve improved customer experience with faster delivery times.
The pandemic has accelerated the trend toward work from home, thereby creating major growth avenues for codeless testing solutions in several remote software applications while maintaining IT infrastructure.
In addition, the nation-wide lockdown imposed by the governments in all regions has influenced several enterprises to adopt digital and online platforms in their business models to maintain continuity in services. Hence, the codeless testing market is estimated to grow around 10% to 13% Y-o-Y from 2019 to 2021.
More Valuable Insights on Codeless Testing Market
FMI’s report on the codeless testing market is segmented into five major sections – solution (codeless testing tools and service – testing & QA services, consulting services, integration & implementation, and support & maintenance), application (API testing, mobile app, desktop app, and web app), enterprise size (SMEs and large enterprises), industry (IT & telecom, BFSI, retail, healthcare, government, education, manufacturing, travel & hospitality, media & entertainment, others) and region (North America, Latin America, Europe, East Asia, South Asia & Pacific, and the Middle East & Africa), to help readers understand and evaluate lucrative opportunities in the codeless testing market.
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Codeless Testing Market by Category
By Solution:
- Codeless Testing Tools
- Services
By Application:
- API Testing
- Mobile App
- Desktop App
- Web App
By Enterprise Size:
- Small and Medium Enterprises (SMEs)
- Large Enterprises
By Industry:
- IT & Telecom
- BFSI
- Retail
- Healthcare
- Government
- Education
- Manufacturing
- Travel & Hospitality
- Media & Entertainment
- Others
By Region:
- North America
- Latin America
- Europe
- East Asia
- South Asia & Pacific
- Middle East and Africa (MEA)
Table of Content
1. Executive Summary | Codeless Testing Market
1.1. Global Market Outlook
1.2. Demand-side Trends
1.3. Supply-side Trends
1.4. Technology Roadmap Analysis
1.5. Analysis and Recommendations
2. Market Overview
2.1. Market Coverage / Taxonomy
2.2. Market Definition / Scope / Limitations
3. Market Background
3.1. Market Dynamics
3.1.1. Drivers
3.1.2. Restraints
3.1.3. Opportunity
3.1.4. Trends
3.2. Scenario Forecast
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Future Market Insights (ESOMAR certified market research organization and a member of Greater New York Chamber of Commerce) provides in-depth insights into governing factors elevating the demand in the market. It discloses opportunities that will favor the market growth in various segments on the basis of Source, Application, Sales Channel and End Use over the next 10-years.
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