In a recent published report, Kenneth Research has updated the market report for Mobile Application Testing Solution Market for 2021 till 2030. Report further now discusses; the various strategies to be adopted or being adopted by the business players across the globe at various levels in the value chain. In the view of the global economic slowdown, we further estimated that China, India, Japan and South Korea to recover fastest amongst all the countries in the Asian market. Germany, France, Italy, Spain to take the worst hit and this hit is expected to be regain 25% by the end of 2021- Positive Growth in the economic demand and supply.
U.S. Market recovers fast; In a release on May 4th 2021, the U.S. Bureau and Economic Analsysis and U.S. Census Bureau mentions the recovery in the U.S. International trade in March 2021. Exports in the country reached $200 billion, up by $12.4 billion in Feb 2021. Following the continuous incremental trend, imports tallied at $274.5 billion, picked up by $16.4 billion in Feb 2021. However, as COVID19 still haunts the economies across the globe, year-over-year (y-o-y) avergae exports in the U.S. declined by $7.0 billion from March 2020 till March 2021 whilest imports increased by $20.7 billion during the same time. This definitely shows how the market is trying to recover back and this will have a direct impact on the Healthcare/ICT/Chemical industries, creating a huge demand for Mobile Application Testing Solution Market products.
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According to the statistics by the World Bank, the exports of ICT goods globally increased from 11.164% of total goods exports in 2017 to 11.53% of total goods exports in 2019. Additionally, exports of ICT services increased from 5.61% of service exports (BoP) in 2001 to 10.37% of service exports (BoP) in 2017. On the other hand, growing awareness amongst individuals for using the internet is also anticipated to contribute to the market growth. For instance, the total number of individuals using the internet grew from 8% of total population in 2001 to 49% of total population in 2017.
Mobile application testing solution market is one of the growing IT markets across the globe. There has been a significant rise in number of smartphone users and adaptation of high-end technology devices across the globe which will further expected to raise the opportunity for m-commerce sector over the forecast period 2016-2023. Increasing number of mobile application developers, competition to obtain high quality, fast testing solutions coupled with introduction of new user friendly interface applications etc. are few of the factors that are projected to make mobile application testing solution market more competitive in nature.
Further, to meet the consumer expectation out of mobile application, the market players are under direct pressure and continuously working towards new solutions, hence a spur in the mobile application testing is projected to be seen in near future.
“The Final Report will cover the impact analysis of COVID-19 on this industry (Global and Regional Market).”
Market size & forecast
The mobile application testing solution market is expected to expand at a CAGR of 19.88% during the forecast period 2016-2023. The mobile application testing solution market is expected to reach at a decent number by 2023 from USD 2.4 Billion in 2016. On the regional platform, North America mobile application testing solution market is expected to showcase a healthy growth; registering a CAGR of 18.23% during the forecast period of 2016-2023. Maintaining the same trend, Asia-pacific region is expected to be the second largest region for the mobile application testing solution after North America. On the back of spiked smartphone penetration in the region, Asia-Pacific is expected to register a CAGR of >20% over the forecast period 2016-2023 due to rise in numbers of smartphone users across the region.
Key Players
CA Technologies, Cognizant Technology Solution Corporation, Hewlett Packard Enterprise, Perfecto Mobile, Jamo solutions, And Others
“The Final Report will cover the impact analysis of COVID-19 on this industry (Global and Regional Market).”
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By Region
The Mobile application testing solution market is further classified on the basis of region as follows:
- North America (United States, Canada), Market size, Y-O-Y growth Market size, Y-O-Y growth & Opportunity Analysis, Future forecast & Opportunity Analysis
- Latin America (Brazil, Mexico, Argentina, Rest of LATAM), Market size, Y-O-Y growth, Future forecast & Opportunity Analysis
- Europe (U.K., Germany, France, Italy, Spain, Hungary, BENELUX (Belgium, Netherlands, Luxembourg), NORDIC (Norway, Denmark, Sweden, Finland), Poland, Russia, Rest of Europe), Market size, Y-O-Y growth, Future forecast & Opportunity Analysis
- Asia-Pacific (China, India, Japan, South Korea, Malaysia, Indonesia, Taiwan, Hong Kong, Australia, New Zealand, Rest of Asia-Pacific), Market size, Y-O-Y growth, Future forecast & Opportunity Analysis
- Middle East and Africa (Israel, GCC (Saudi Arabia, UAE, Bahrain, Kuwait, Qatar, Oman), North Africa, South Africa, Rest of Middle East and Africa), Market size, Y-O-Y growth, Future forecast & Opportunity Analysis
“The Final Report will cover the impact analysis of COVID-19 on this industry (Global and Regional Market).”
Growth Drivers and challenges
Rising penetration of smartphone users and other electronic gadgets is expected to spur the demand for mobile application testing solution across the globe over the forecast period of 2016-2023. Further, issues caused from the diversified devices, availability of high-end smartphone and tablets in market with different operating systems and user interfaces etc. are expected to fuel the demand of mobile application testing solution during the forecast period of 2016-2023.
Additionally, growing popularity of automated testing solutions that provide better quality testing would further force IT companies to opt for automated testing technology. However, higher demand of interactive testing over automated testing is expected to be a challenge for the mobile application testing solution industry globally.
“The Final Report will cover the impact analysis of COVID-19 on this industry.”
Download Sample of This Strategic Report:
https://www.kennethresearch.com/sample-request-10075321
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