Global Testing As A Service Market Size & Outlook
The testing as a service industry worldwide is expected to reach a projected revenue of US$ 11,376.8 million by 2030. A compound annual growth rate of 14% is expected of the worldwide testing as a service industry from 2024 to 2030.
Revenue, 2023 (US$M)
$4,541.8
Forecast, 2030 (US$M)
$11,376.8
CAGR, 2024 - 2030
14%
Report Coverage
Worldwide
Global testing as a service market, 2017-2030 (US$M)
Related Markets
Global testing as a service market highlights
- The global testing as a service market generated a revenue of USD 4,541.8 million in 2023 and is expected to reach USD 11,376.8 million by 2030.
- The market is expected to grow at a CAGR (2024 - 2030) of 14% by 2030.
- In terms of segment, functionality accounted for a revenue of USD 1,246.2 million in 2023.
- Security is the most lucrative type segment registering the fastest growth during the forecast period.
- In terms of region, North America was the largest revenue generating market in 2023.
- Country-wise, Saudi Arabia is expected to register the highest CAGR from 2024 to 2030.
Global data book summary
| Market revenue in 2023 | USD 4,541.8 million |
| Market revenue in 2030 | USD 11,376.8 million |
| Growth rate | 14% (CAGR from 2023 to 2030) |
| Largest segment | Functionality |
| Fastest growing segment | Security |
| Historical data covered | 2017 - 2022 |
| Base year for estimation | 2023 |
| Forecast period covered | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Functionality, Performance, Compatibility, Security, Compliance |
Other key industry trends
- In terms of revenue, the North America accounted for 39.2% of the global testing as a service market in 2023.
- By country, the U.S. is projected to lead the global market in terms of revenue in 2030.
- By country, Saudi Arabia is the fastest growing regional market and is projected to reach USD 155.8 million by 2030.
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Testing As A Service Market Scope
Testing as a service market segmentation & scope
Others
Testing As A Service Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
Global testing as a service market outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to testing as a service market will help companies and investors design strategic landscapes.
functionality was the largest segment with a revenue share of 27.44% in 2023. Horizon Databook has segmented the Global testing as a service market based on functionality, performance, compatibility, security, compliance covering the revenue growth of each sub-segment from 2017 to 2030.
- Global Testing As A Service Type Outlook (Revenue, USD Million, 2017-2030)
- Functionality
- Performance
- Compatibility
- Security
- Compliance
- Others
- Global Testing As A Service End Use Outlook (Revenue, USD Million, 2017-2030)
- IT & Telecommunication
- Healthcare
- BFSI
- Automotive
- Manufacturing
- Retail & Consumer Goods
- Energy & Utilities
- Others
- Global Testing As A Service Deployment Outlook (Revenue, USD Million, 2017-2030)
- Public
- Private
- Hybrid
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Target buyers of Global testing as a service market databook
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Our clientele includes a mix of testing as a service market companies, investment firms, advisory firms & academic institutions.
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30% of our revenue is generated working with investment firms and helping them identify viable opportunity areas.
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Approximately 65% of our revenue is generated working with competitive intelligence & market intelligence teams of market participants (manufacturers, service providers, etc.).
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Horizon Databook provides a detailed overview of global-level data and insights on the Global testing as a service market , including forecasts for subscribers. This global databook contains high-level insights into Global testing as a service market from 2017 to 2030, including revenue numbers, major trends, and company profiles.
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Global testing as a service market statistics, by regions, 2017-2030 (US$M)
Top 10 countries: Testing as a service market size, 2023 (USD Million)
Top 10 countries: Testing as a service market size, 2023 (USD Million)
Global testing as a service market, by region, 2023 (US$M)
Related regional statistics
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