The global crowdsourcing test market is foreseen to develop from $ 1.3 trillion in 2020 to $ 2.0 trillion in 2025, recording an annual growth rate (CAGR) of 9.9% over the anticipated timeframe.
Crowdsourced Testing includes transferring software test tasks via an Internet platform to a group of expert quality control testers. It is an effective way to streamline the production of interactive software and to improve Internet products and development software. These crowdsourcing tests offer various benefits, such as flexibility, cross-platform real-world tests and instantaneity.
The Internet is the engine of the modern crowdsourcing platform. It provides a transmission mechanism allowing organizations to define or announce challenges and a network to connect people and their diverse ideas, skills and knowledge. According to social media management platform Hootsuite, nearly 4.57 billion people were active Internet users in April 2020, covering 59% of the world's population.
In the platform-sourced testing market, mobile testing services are expected to experience the highest growth rate over the forecast period as there has been a massive increase in the number of mobile applications that adapt to different operating systems (OS), such as Android and iOS.
Recent Developments:
The influence of the COVID-19 pandemic on the computer industry is expected to be worse than the global financial crisis (GFC). The financial loss due to Covid-19 should in turn affect customers' IT expenses. This fear is justified, given that the United States and Europe, which together account for more than two-thirds of India's information technology exports, are among the geographies most affected by the pandemic. Customers could cut IT spending significantly this year, which would impact the crowdsourced testing market.
Market growth and trends:
Market Drivers and Restraints:
The global crowdsourced testing market is fueled by the growing need for companies to manage software quality assurance for a better customer experience. Also, as it is a cost-effective form of testing, crowdsourcing is a preferred option among small and medium-sized businesses. However, management, data security and confidentiality issues are some of the reasons that could limit the growth of the market. As customers search for better quality standards for various products and services, the need for an efficient testing process has increased, which is stimulating the overall market.
Market Segmentation:
Regional Analysis:
The global market mainly covers 5 major geographic regions, namely North America, Asia-Pacific (APAC), Europe, Latin America, the Middle East and Africa (MEA). North America is foreseen to progress with a moderate growth rate of about 10% over the outlook period because of the early adoption of advanced technologies like cloud, which helps PIC providers to implement effective EPC solutions.
Key players in the market:
The main players in the global crowdsourced testing market are Global App Testing, test IO Inc., Applause App Quality, Inc., Crowdsprint, Testbirds GmbH, QualiTest Group, qainfotech.com, Rainforest, Digivante, Synack.com, Infosys Limited, Bugcrowd, Pruebas de Planit, Flatworld Solutions Pvt Ltd and Crowdsourced Testing SpA.
1. Introduction
1.1 Market Definition
1.2 Scope of the report
1.3 Study Assumptions
1.4 Base Currency, Base Year and Forecast Periods
2. Research Methodology
2.1 Analysis Design
2.2 Research Phases
2.2.1 Secondary Research
2.2.2 Primary Research
2.2.3 Data Modelling
2.2.4 Expert Validation
2.3 Study Timeline
3. Report Overview
3.1 Executive Summary
3.2 Key Inferencees
4. Market Dynamics
4.1 Impact Analysis
4.1.1 Drivers
4.1.2 Restaints
4.1.3 Opportunities
4.2 Regulatory Environment
4.3 Technology Timeline & Recent Trends
5. Competitor Benchmarking Analysis
5.1 Key Player Benchmarking
5.1.1 Market share analysis
5.1.2 Products/Service
5.1.3 Regional Presence
5.2 Mergers & Acquistion Landscape
5.3 Joint Ventures & Collaborations
6. Market Segmentation
6.1 Crowdsourced Testing Market, By Platform
6.1.1 Mobile
6.1.2 Web
6.1.3 Market Size Estimations & Forecasts (2019-2024)
6.1.4 Y-o-Y Growth Rate Analysis
6.1.5 Market Attractiveness Index
6.2 Crowdsourced Testing Market, By Testing Type
6.2.1 Performance Testing
6.2.2 Functionality Testing
6.2.3 Usability Testing
6.2.4 Localization Testing
6.2.5 Security Testing
6.2.6 Market Size Estimations & Forecasts (2019-2024)
6.2.7 Y-o-Y Growth Rate Analysis
6.2.8 Market Attractiveness Index
6.3 Crowdsourced Testing Market, By Organization Size
6.3.1 SMEs
6.3.2 Large
6.3.3 Market Size Estimations & Forecasts (2019-2024)
6.3.4 Y-o-Y Growth Rate Analysis
6.3.5 Market Attractiveness Index
6.4 Crowdsourced Testing Market, By Vertical
6.4.1 BFSI
6.4.2 Retail and Consumer Goods
6.4.3 IT and Telecommunications
6.4.4 Media and Entertainment
6.4.5 Healthcare and Life Science
6.4.6 Market Size Estimations & Forecasts (2019-2024)
6.4.7 Y-o-Y Growth Rate Analysis
6.4.8 Market Attractiveness Index
7. Geographical Landscape
7.1 Global Identity Governance and Administration Market, by Region
7.2 North America - Market Analysis (2018 - 2024)
7.2.1 By Country
7.2.1.1 USA
7.2.1.2 Canada
7.2.2 By Platform
7.2.3 By Testing Type
7.2.4 By Organization Size
7.2.5 By Vertical
7.3 Europe
7.3.1 By Country
7.3.1.1 UK
7.3.1.2 France
7.3.1.3 Germany
7.3.1.4 Spain
7.3.1.5 Italy
7.3.1.6 Rest of Europe
7.3.2 By Platform
7.3.3 By Testing Type
7.3.4 By Organization Size
7.3.5 By Vertical
7.4 Asia Pacific
7.4.1 By Country
7.4.1.1 China
7.4.1.2 India
7.4.1.3 Japan
7.4.1.4 South Korea
7.4.1.5 South East Asia
7.4.1.6 Australia & NZ
7.4.1.7 Rest of Asia-Pacific
7.4.2 By Platform
7.4.3 By Testing Type
7.4.4 By Organization Size
7.4.5 By Vertical
7.5 Latin America
7.5.1 By Country
7.5.1.1 Brazil
7.5.1.2 Argentina
7.5.1.3 Mexico
7.5.1.4 Rest of Latin America
7.5.2 By Platform
7.5.3 By Testing Type
7.5.4 By Organization Size
7.5.5 By Vertical
7.6 Middle East and Africa
7.6.1 By Country
7.6.1.1 Middle East
7.6.1.2 Africa
7.6.2 By Platform
7.6.3 By Testing Type
7.6.4 By Organization Size
7.6.5 By Vertical
8. Key Player Analysis
8.1 Global App Testing
8.1.1 Business Description
8.1.2 Products/Service
8.1.3 Financials
8.1.4 SWOT Analysis
8.1.5 Recent Developments
8.1.6 Analyst Overview
8.2 Applause App Quality, Inc
8.3 Crowdsprint
8.4 Testbirds GmbH
8.5 QualiTest Group
8.6 Rainforest
8.7 Digivante
8.8 Synack.com
8.9 Infosys Limited
8.10 Bugcrowd
9. Market Outlook & Investment Opportunities
Appendix
List of Tables
List of Figures
