- The key vendors in the Global Software Testing Market in BFSI Sector 2014-2018 are Accenture plc, Capgemini SA, IBM Corp. and Wipro Infotech Ltd.
London, 24 September 2014: TechNavio, an independent tech-focused global research firm, announced today the publication of its market research report on the Global Software Testing Market in BFSI Sector 2014-2018. One of the major trends is mobile banking application testing. With the rise in awareness about mobile banking and its usage, a number of vendors are providing testing services and also a large number of banks have shown increased interest in spending more on mobile banking testing and are expected to invest heavily in the years to come. The Global Software Testing Services market in the BFSI sector is expected to grow at a CAGR of 6.80 percent during the period 2013-2018.
The software testing life cycle is divided into six stages: requirement capture and analysis, test planning, test designing, test development, test execution, and test cycle closure and analysis.
“Companies are expanding their service and product portfolios from traditional functional testing to specialized testing such as security, mobile, cloud, Big Data, SOA, SAP/Oracle, ERP, and performance monitoring testing among others,” says Faisal Ghaus, Vice President of TechNavio Research.
“Vendors have been continuously positioning testing as a stand-alone service to highlight their focus and service maturity that presents an exciting value proposition with low cost and value creation.”
To define the market conditions in the next 3-4 years, TechNavio analysts have conducted in-depth analysis of the impact of market drivers, challenges and trends featuring data on product segmentations, vendor shares, growth rate by revenue and an evaluation of the different buying criteria in the order of importance.
https://www.technavio.com/%3Cp%3EIf%20you%20are%20interested%20in%20more%…
