Lucintel's latest market report analyzed that automated testing provides attractive opportunities in the banking, financial services, and insurance (BFSI), automotive, defense and aerospace, healthcare and life sciences, retail, telecom, IT and ITes, manufacturing, logistics and transportation, energy & utilities, and media & entertainment sectors. The automated testing market is expected to reach $XX billion by 2028 with a CAGR of 16% to 18%. In this market, testing type is the largest segment by component, whereas retail is largest by end use industry.
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Based on component, the automated testing market is segmented into testing type and services. The testing type segment accounted for the largest share of the market in 2023 and is expected to register the highest CAGR during the forecast period, due to the growing use of various testing types, such as static and dynamic testing, to enable accurate, fast, and efficient software deployment.
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The Automated Testing Market is marked by the presence of several big and small players. Some of the prominent players offering automated testing include Accenture, AFour Technologies, Applitools, Astegic, Broadcom, Capgemini, and Cigniti Technologies.
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