LAMEA AI-enabled Testing Market Size, Projection by 2030

LAMEA AI-enabled Testing Market Size, Share & Industry Trends Analysis Report By Component (Solution, and Services), By Technology, By Application, By Deployment (On-premises, and Cloud), By End-Use, By Country and Growth Forecast, 2023 - 2030

Published Date: August-2023 | Number of Pages: 142 | Format: PDF | Report ID: KBV-16321

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Market Report Description

The Latin America, Middle East and Africa AI-enabled Testing Market would witness market growth of 21.4% CAGR during the forecast period (2023-2030).

A higher ability to test AI models is now possible owing to the rapid advancements in AI technology, notably in machine learning algorithms and generative models. Agile and DevOps methodologies prioritizing testing, continuous integration, and delivery strongly align with AI-enabled testing. For smooth testing across the software development lifecycle, there is a possibility to integrate generative AI into these workflows.

While most businesses now focus on continuous testing, this alone would not be enough for product development in the coming years. To deliver a great user experience with high-performance speeds and technological complexity, businesses will require more support. The challenging stages of software testing and development can and will be efficiently handled by AI and ML. Automating self-learning tasks that previously required human intellect is an excellent vehicle for it to advance.

The demand for dependable and high-quality software is growing, causing the testing startup environment to change quickly. As the demand for software testing startups grows, more and more business owners are dedicating their money, time, and resources to it. Startups specializing in software testing are meeting the demands of companies of all kinds, from little startups to massive corporations, with innovations and technologies.

AI testing tools have grown across Latin America, especially in Brazil. AI is being used for testing in sectors including telecom, finance, and e-commerce to improve software performance and optimize testing procedures. Most of the development in this region is accelerated by numerous government policies that aim at increasing the nation's industrial capabilities. For example, the Brazilian government has decided to employ big data and artificial intelligence to look for financing sources worldwide for national scientific and technology projects through the Ministry of Science, Technology, and Innovation. Therefore, in the coming years, these testing will increase in demand in this region owing to greater government support for the technology.

The Brazil market dominated the LAMEA AI-enabled Testing Market by Country in 2022 and would continue to be a dominant market till 2030; thereby, achieving a market value of $23,938.6 Thousands by 2030. The Argentina market is showcasing a CAGR of 22.1% during (2023 - 2030). Additionally, The UAE market would register a CAGR of 21.1% during (2023 - 2030).

Based on Component, the market is segmented into Solution, and Services. Based on Technology, the market is segmented into Machine Learning & Pattern Recognition, Natural Language Processing (NLP), and Computer Vision & Image Processing. Based on Application, the market is segmented into Test Automation, Infrastructure Optimization, and Others. Based on Deployment, the market is segmented into On-premises, and Cloud. Based on End-Use, the market is segmented into IT & Telecommunication, Healthcare, Energy & Utilities, BFSI, Government, and Others. Based on countries, the market is segmented into Brazil, Argentina, UAE, Saudi Arabia, South Africa, Nigeria, and Rest of LAMEA.

Free Valuable Insights: The Worldwide AI-enabled Testing Market is Projected to reach USD 1.4 Billion by 2030, at a CAGR of 17.9%

The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include Sauce Labs Inc., Retest (UBS Hainer GmbH), Functionize, Inc, Diffblue Ltd., Applitools (Thoma Bravo), Capgemini SE, TestRigor, Micro Focus International PLC (Open Text Corporation), Tricentis and IBM Corporation

Scope of the Study

Market Segments Covered in the Report:

By Component

  • Solution
  • Services

By Technology

  • Machine Learning & Pattern Recognition
  • Natural Language Processing (NLP)
  • Computer Vision & Image Processing

By Application

  • Test Automation
  • Infrastructure Optimization
  • Others

By Deployment

  • On-premises
  • Cloud

By End User

  • IT & Telecommunication
  • Healthcare
  • Energy & Utilities
  • BFSI
  • Government
  • Others

By Country

  • Brazil
  • Argentina
  • UAE
  • Saudi Arabia
  • South Africa
  • Nigeria
  • Rest of LAMEA

Key Market Players

List of Companies Profiled in the Report:

  • Sauce Labs Inc.
  • Retest (UBS Hainer GmbH)
  • Functionize, Inc
  • Diffblue Ltd.
  • Applitools (Thoma Bravo)
  • Capgemini SE
  • TestRigor
  • Micro Focus International PLC (Open Text Corporation)
  • Tricentis
  • IBM Corporation

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