The global AI-enabled testing tools market is poised for substantial growth, with projections indicating a robust compound annual growth rate (CAGR) of 16.9% from 2023 to 2033. Starting at a valuation of USD 426.1 million in 2023, the market is anticipated to expand significantly, reaching USD 2,030.75 million by the end of 2033.
The increasing adoption of artificial intelligence (AI) in testing processes across various industries is a primary driver fueling market expansion. AI-enabled testing tools offer advanced capabilities such as predictive analytics, automated test case generation, and intelligent defect analysis, which streamline testing workflows and enhance efficiency.
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Technical Glitches Restrain the Global Market
Artificial Intelligence is an advanced technology progressively adopted in the telecommunication sector, and it plays a crucial role in integrating system safety and functionality in innovative technologies. The telecommunication industry has increased the adoption of AI-enabled testing tools for its maintenance and operating system.
The market has a few restraining factors that may cause a decline in global market growth. Increasing technical glitches and a lack of technicians and experts may restrain the market growth.
Key Takeaways:
- The AI-enabled testing tools market is expected to have a valuation of US$ 2,030.75 million by 2033.
- With a CAGR of 16.9%, the global market is increasing during the forecast period.
- The market in the United States is anticipated to capture a maximum share through 2033.
- In the historical period, the market secured a valuation of US$ 195.18 million between 2018 and 2022.
The Role of Key Players in the AI-enabled Testing Tools Market
The prominent players have a crucial role in the global market by capturing maximum output and investing a huge amount in research and development activities. In addition, these key players focus on innovating better quality products and advanced tools as per consumers’ requirements.
The market players launched unique products by adopting various marketing methodologies such as collaborations, mergers, partnerships, product launches, and acquisitions.
Other Prominent Players in the AI-enabled Testing Tools Market are:
- Sauce Labs Inc.
- ReTest GmbH
- Diffblue Ltd.
- Functionize Inc
- TestRigor
- Applitools
- Perforce Software
- mabl Inc.
- IBM Corporation
- Capgemini SE
- Micro Focus International Plc
- Tricentis
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Recent Developments in the Global AI-enabled Testing Tools Market:
- In October 2022, SmartBear partnered with a China-based company DragonSoft. This strategic innovation took place to improve software quality and innovate products.
- In October 2022, Keysight announced its newly launched automated AI testing for 5G smartphones. The motto behind this strategy is to engage many smartphone users and applications through Artificial Intelligence.
In October 2022, Micro Focus launched its new modernization solution technology tool to integrate with Google cloud. It helps speed up and automate in Google cloud and has low risks.
AI-enabled Testing Tools Market by Category
By Solution:
- AI-based Tools
- Data Wrangling and Pre-processing
- Data Visualization
- Feature Selection and Reduction
- Others
- Services
- Professional Services
- Managed Services
By Technology:
- Machine Learning and Pattern Recognition
- Natural Language Processing (NLP)
- Computer Vision and Image Processing
By Application:
- Agility and Coverage
- Test and Maintenance Case Generation
- Test and Maintenance Optimization
- Quality and User Experience (UX)
- Coverage and Risk Analytics
- Defect Prediction and Prevention
- Efficiency and Time-to-Market
- Test Automation
- Infrastructure Optimization
- Data Analytics
By Region:
- North America
- Latin America
- Europe
- South Asia & Pacific
- East Asia
- The Middle East & Africa (MEA)
Author:
Sudip Saha is the managing director and co-founder at Future Market Insights, an award-winning market research and consulting firm. Sudip is committed to shaping the market research industry with credible solutions and constantly makes a buzz in the media with his thought leadership. His vast experience in market research and project management a consumer electronics will likely remain the leading end-use sector cross verticals in APAC, EMEA, and the Americas reflects his growth-oriented approach to clients.
He is a strong believer and proponent of innovation-based solutions, emphasizing customized solutions to meet one client’s requirements at a time. His foresightedness and visionary approach recently got him recognized as the ‘Global Icon in Business Consulting’ at the ET Inspiring Leaders Awards 2022.
About Future Market Insights (FMI)
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