The Europe Cloud Testing Market would witness market growth of 13.1% CAGR during the forecast period (2024-2031).
The Germany market dominated the Europe Cloud Testing Market by Country in 2023, and would continue to be a dominant market till 2031; thereby, achieving a market value of $1,746.9 million by 2031. The UK market is exhibiting a CAGR of 12% during (2024 - 2031). Additionally, The France market would experience a CAGR of 13.9% during (2024 - 2031).
Security testing is also increasingly moving to the cloud, driven by the need to address evolving cybersecurity threats and compliance requirements. Cloud-based security testing solutions enable organizations to assess the vulnerability of their applications to common security risks such as SQL injection, cross-site scripting (XSS), and authentication vulnerabilities. By using cloud-based penetration testing tools and services, organizations may proactively detect and repair security vulnerabilities, hence improving the overall security posture of their cloud-based apps.
Additionally, cloud testing includes testing for new technologies like machine learning (ML), artificial intelligence (AI), and the Internet of Things, as well as more established software applications. With the proliferation of IoT devices and connected ecosystems, testing the interoperability, reliability, and scalability of IoT applications in cloud environments has become critical.
As per the International Trade Administration, consumer e-commerce now accounts for 36.3% of the total retail sector in the UK (as of Jan 2021), with e-commerce revenue projected to increase to 285.60 billion dollars by 2025. In 2022, UK online sales saw their highest annual growth since 2007, rising 36%. Moreover, as per the report titled Key Figures on European Transport, published in 2022 by Eurostat, the transport sector contributes around 5 % to the EU’s gross domestic product. In 2020, Hungary reported the highest government expenditure on transport relative to GDP (4.6 %). Thus, the expansion of the growing transportation sector and e-commerce platforms in Europe is expected to help the growth of the regional market.
Free Valuable Insights: The Global Cloud Testing Market will Hit USD 29.3 Billion by 2031, at a CAGR of 13.5%
Based on Component, the market is segmented into Tools / Platforms (Functional Testing Tools, Performance/Load Testing Tools, GUI Testing Tools, API Testing Tools, Service Virtualization Tools, and Others) and Services (Professional and Managed). Based on Vertical, the market is segmented into Retail & Ecommerce, Telecom & IT, Media & Entertainment, Healthcare & Lifesciences, BFSI, Transportation, and Others. Based on countries, the market is segmented into Germany, UK, France, Russia, Spain, Italy, and Rest of Europe.
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