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The Global Cloud Testing Market size is expected to reach $11.4 billion by 2023, rising at a market growth of 13.2% CAGR during the forecast period. Factors such as rapidly growing cloud adoption, flexible and scalable delivery model, and reduced cost of ownership are the factors that are responsible to the market expansion. The adoption of cloud testing solutions and services is quite prominent in sectors such as retail and eCommerce, IT and telecom, Banking, Financial Services, and Insurance (BFSI), and media and entertainment. Based on Type, the market report segments the market into Tools Platforms and Services.
Tools Platforms include Functional Testing Tools, PerformanceLoad Testing Tools, GUI Testing Tools, API Testing Tools, Service Virtualization Tools, and Others. Services include Professional and Managed Services. Based on Vertical, the market report segments the market into Retail & Ecommerce, Telecom & IT, Media & Entertainment, Transportation, BFSI, and Others. Based on Regions, the Cloud Testing market segments the market into North America, Europe, Asia Pacific, and Latin America, Middle East & Africa. The market research report covers the competition analysis of key stake holders of the Global Cloud Testing Market.
Key companies profiled in the report include IBM Corporation, Oracle Corporation, CA Technologies, Inc., Micro Focus, Cognizant, Capgemini, Cavisson Systems, Cygnet Infotech, Tricentis, and Akamai Technologies (SOASTA).