Test Management Software Market, Growth Analysis, Segmentation, Emerging Technology, Gross Margin, Competitive Landscape by Forecast to 2027

According to Market Research Future, the global test management software market has been segmented into deployment, pricing, organization size, vertical, and region/country. The test management software market size is anticipated to register an exponential CAGR of 7.1% from 2021 to 2027 and reach USD 515 million by 2027.

Test management software helps development teams manage, track, and maintain their software tests. Unlike test automation software or software testing tools, test management software is not designed to run software tests themselves. Instead, developers use test management solutions to maintain test cases and test results in a structure similar to a repository, which is then turned into actionable intelligence. Moreover, test management software integrates with software testing tools, test automation tools, and other development tools. Test management software offers test cases and conditions, which are then used by testing solutions.

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Regional Analysis

Based on the region, the test management software market has been segmented into North America, Europe, Asia-Pacific, South America, and the Middle East & Africa. North America holds the leading share within the market. This can be attributed to the rapid adoption in the various industry verticals and the rise in IT spending. The industry verticals such as BFSI, manufacturing, IT & Telecom, aerospace & defense, and healthcare are the most significant contributors to revenue generation. Europe holds the second position in the global market in terms of revenue. The UK, Germany, and France are the major growth engines of the market. Moreover, the presence of several leading players in the region is also driving the market growth. Furthermore, Asia-Pacific (APAC) is expected to grow with the fastest CAGR rate during the projected period.

Access full report @ https://www.marketresearchfuture.com/reports/test-management-software-market-10607

Publicado en Technology en noviembre 18 at 03:51
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