Software Testing Services Market 2010-2014

The software testing services market is expected to grow at a Compound Annual Growth Rate(CAGR) of 11 percent over the 2010-2014 period, reveals the report on "Global Software Testing Services Market 2010-2014" by Technavio, the research platform of infinity research which provides strategic intelligence to its customers.
The research conducted,says that the market is currently driven by the consistent process and technology changes The software testing industry is witnessing significant changes both technology-wise as well as in the business process. Technology changes in testing have been continuous and are being driven by business needs such as cost reduction and improvement of quality and time-to-market. Further, evolving software technology is also compelling enterprises to implement testing right from the product development stage which is increasing the adoption of software testing services, reports Technavio. 
In spite of the need, operational complexities hinder the growth of this market. However, the increased availability of testing applications is expected to drive this market. The software testing services market is marked by an increased outsourcing of test services to countries such as India and China. This makes the study an important one for companies to fully understand the potential in the market and formulate its own strategy. 
The report framed by industry experts, vendors and end-users, have covered key trends, drivers and challenges impacting the evolution of this market. Further, it contains an in-depth understanding of the key vendors including their SWOT analysis. 
One of the key factors contributing to this market growth is the need to identify and remove costly errors. The software testing services market has also been witnessing outsourcing of Testing Services. However, a lack of skilled labor could be a challenge to the growth of this market. 
Key vendors dominating this market space include IBM, Accenture, Cognizant, and Wipro. 
The report focuses on the global market; it also covers the current software testing services market landscape and its growth prospects.