London, 17 September 2014 – TechNavio, a global tech-focused research firm has announced the publication of its market research report on the Global TaaS Market 2014-2018.
Testing-as-a-Service (TaaS) is a cloud-based platform that helps organizations transfer their testing facilities to third-party service providers. With the growing need to reduce operational time and cost, the TaaS market is expected to grow rapidly at a CAGR of 32.71 percent from 2013-2018.
The report indicates that companies are relying more on testing services and are increasingly outsourcing these services to avoid poor execution, slow test turnaround, or excessive software life cycle costs. Some of the key end users highlighted in this report include:
- Government organizations
- Large enterprises
- SMEs’
“Enterprises outsource testing services to core vendors to reduce product development costs. By outsourcing the testing services to a specialist vendor, the company can leverage the vendor’s expertise to develop better quality products for less. In addition, by outsourcing the software testing function, enterprises reduce operational costs, hiring costs (skilled professionals), and infrastructure costs as vendors take care of the entire testing process throughout the product life cycle,” says Faisal Ghaus, Vice President of TechNavio.
Key Information Covered in the Report:
Market segmentation, size and forecast through 2018
Market Growth Drivers:
- Need to Reduce Operational Time and Cost
- For a full detailed list, view our report.
Market Challenges:
- Data Security Concerns
- For a full detailed list, view our report.
Market Trends:
- Outsourcing of Testing Services to Low-cost Destinations
- For a full detailed list, view our report.
Key Vendors:
- Capgemini SA
- HCL Technologies Ltd.
- Hewlett-Packard (HP) Co.IBM Corp.
- Wipro Ltd.
Other Prominent Vendors:
- Accenture
- Atos
- Capgemini
- Cognizant Technology Solutions
- CSC
- HCL Technologies
https://www.technavio.com/%3Cp%3E%C2%A0%3C/p%3E%3Cp%3E%3Ca%20href%3D%22ht…
