Increase in demand by consumers to provide personalized content and seamless experience in all channels and focus on quality testing and assurance is rising driving the growth of Managed testing services market. The rise in demand for integrated application from organizations is helping in driving the managed testing services market globally. However, lack of skilled workforce is a major challenging factor for the managed testing services market.
Furthermore, there is a significant growth opportunity in healthcare vertical due to the increasing demand for regulatory compliance, interoperability, and the end-user technology compliance, testing of healthcare applications involves deep technology expertise, significant time and resources, and costs therefore, rising the demand for managed testing services in the forecasted years.
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Impact of COVID-19 on Managed Testing Services Market:
- The COVID-19 pandemic has acted as a catalyst for the development of automation technologies by global companies, especially in the area of drones for the purpose of surveillance and medicine delivery, IT industry.
- The unprecedented economic impact of COVID-19 on demand and supply, along with implications on geopolitics, and globalization, will influence the future of automation.
- The coronavirus pandemic may drive enhancement of automation, digitalization, and artificial intelligence (AI) in the automobile sector in post COVID era to improve resilience to future pandemics.
- In a situation like this, automation and robotics could reduce dependence on human labor and increase productivity, preventing the chances of future plant shutdowns. In addition to this, IoT, AI, and digitalization will become extremely relevant going forward and are going to define the new way of working. This lockdown provides us an opportunity to adopt these new trends, thus increasing the opportunities for the managed testing service market in the upcoming years.
- Top impacting factors: market scenario analysis, trends, drivers, and impact analysis
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Managed testing service provides organizations a skilled testing team of professionals with good business knowledge. Managed testing service providers understand every aspect of technology. Thus, organizations will get access to a lot of knowledge. This will help organizations in improving testing process. Managed testing service providers use domain-specific practices for testing business applications, helping organizations in improving the quality of applications.
Due to the needs of a growing client portfolio and continue to support existing business development in growing industry vertical, including BFSI, retail, media & entertainment, technology, consumer goods, telecoms, and gaming. Most of top managed testing service providers utilizing emerging technology in the solution and develop their service day by day also due to industrial 4.0 most of the organizations are shifting their businesses towards digitalization this will increases the adoption of the emerging technology such as artificial intelligence, Internet of things, cloud computing and data analytics.
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Key benefits of the report:
- This study presents the analytical depiction of the global managed testing services industry along with the current trends and future estimations to determine the imminent investment pockets.
- The report presents information related to key drivers, restraints, and opportunities along with detailed analysis of the global managed testing services market share.
- The current market is quantitatively analyzed to highlight the global managed testing services market growth scenario.
- Porter’s five forces analysis illustrates the potency of buyers & suppliers in the market.
- The report provides a detailed global managed testing services market analysis depending on competitive intensity and how the competition will take shape in coming years.
Adoption of this services increases development in the managed testing service software and upgrade this development and upgradation of managed testing service software will create lacerative growth opportunity in the market globally.
Key Market Players:
- Capgemini SE,
- Wipro Ltd.,
- Testhouse Ltd.,
- Hexaware Technologies Inc.,
- Miracle Software Systems Inc,
- Prolifics Corp Ltd,
- Qualitest Ltd.,
- Flatworld Solutions Pvt Ltd.,
- Codoid, Microexcel Inc
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