Asia Pacific Testing As A Service Market Size & Outlook
Asia Pacific testing as a service market, 2017-2030 (US$M)
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Asia Pacific testing as a service market highlights
- The Asia Pacific testing as a service market generated a revenue of USD 909.0 million in 2023.
- The market is expected to grow at a CAGR of 16.6% from 2024 to 2030.
- In terms of segment, functionality was the largest revenue generating type in 2023.
- Security is the most lucrative type segment registering the fastest growth during the forecast period.
- Country-wise, South Korea is expected to register the highest CAGR from 2024 to 2030.
Asia Pacific data book summary
| Market revenue in 2023 | USD 909.0 million |
| Market revenue in 2030 | USD 2,663.2 million |
| Growth rate | 16.6% (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 |
| Key market players worldwide | Accenture PLC Class A, Atos SE, Capgemini SE, Deloitte, DXC Technology Co Registered Shs When Issued, International Business Machines Corp, Infosys Ltd ADR, DeviQA Solutions, QualiTest Group |
Other key industry trends
- In terms of revenue, Asia Pacific region accounted for 20.0% of the global testing as a service market in 2023.
- Globally, North America is projected to lead the regional market in terms of revenue in 2030.
- Asia Pacific is the fastest growing regional market and is projected to reach USD 2,663.2 million by 2030.
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Testing As A Service Market Scope
Testing As A Service Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
Asia Pacific 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 25.82% in 2023. Horizon Databook has segmented the Asia Pacific testing as a service market based on functionality, performance, compatibility, security, compliance covering the revenue growth of each sub-segment from 2017 to 2030.
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Target buyers of Asia Pacific 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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The rest of the revenue is generated working with academic and research not-for-profit institutes. We do our bit of pro-bono by working with these institutions at subsidized rates.
Horizon Databook provides a detailed overview of continent-level data and insights on the Asia Pacific testing as a service market , including forecasts for subscribers. This continent databook contains high-level insights into Asia Pacific testing as a service market from 2017 to 2030, including revenue numbers, major trends, and company profiles.
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Asia Pacific testing as a service market size, by country, 2017-2030 (US$M)
Asia Pacific Testing As A Service Market Outlook Share, 2023 & 2030 (US$M)
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