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Software Testing Services Market in Australia to Grow by USD 1.42 Billion (2024-2028), Driven by Cost Reduction and Faster Time-to-Market, with AI Redefining Market Landscape – Technavio

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NEW YORK, Dec. 2, 2024 /PRNewswire/ — Report with market evolution powered by AI – The software testing services market in australia size is estimated to grow by USD 1.42 billion from 2024-2028, according to Technavio. The market is estimated to grow at a CAGR of over 11.4%  during the forecast period. Need for cost reduction and faster time-to-market is driving market growth, with a trend towards evolution of software testing labs. However, availability of open-source and free testing tools  poses a challenge. Key market players include Accenture PLC, Amdocs Ltd., Atos SE, Capgemini Services SAS, Cigniti Technologies Ltd., Cognizant Technology Solutions Corp., Deloitte Touche Tohmatsu Ltd., DXC Technology Co., Expleo Group SAS, HCL Technologies Ltd., Hexaware Technologies Ltd., Infosys Ltd., International Business Machines Corp., LogiGear Corp., Nippon Telegraph and Telephone Corp., Planit Test Management Solutions Pty Ltd., QualiTest Group, QualityLogic Inc., Tata Consultancy Services Ltd., and Wipro Ltd..

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Software Testing Services Market In Australia Scope

Report Coverage

Details

Base year

2023

Historic period

2018 – 2022

Forecast period

2024-2028

Growth momentum & CAGR

Accelerate at a CAGR of 11.4%

Market growth 2024-2028

USD 1416.1 million

Market structure

Fragmented

YoY growth 2022-2023 (%)

10.1

Regional analysis

Australia

Performing market contribution

APAC at 100%

Key countries

Australia

Key companies profiled

Accenture PLC, Amdocs Ltd., Atos SE, Capgemini Services SAS, Cigniti Technologies Ltd., Cognizant Technology Solutions Corp., Deloitte Touche Tohmatsu Ltd., DXC Technology Co., Expleo Group SAS, HCL Technologies Ltd., Hexaware Technologies Ltd., Infosys Ltd., International Business Machines Corp., LogiGear Corp., Nippon Telegraph and Telephone Corp., Planit Test Management Solutions Pty Ltd., QualiTest Group, QualityLogic Inc., Tata Consultancy Services Ltd., and Wipro Ltd.

Market Driver

The Software Testing Services market is thriving, with a focus on ensuring quality and dependability in the Software Development Lifecycle. Companies prioritize testing for various software applications, including mobile apps, to enhance functionality and user experience. Trending testing methodologies and techniques include QA (Quality Assurance), Functional Testing, Manual Testing, Component Testing, Unit Testing, and various lifecycles like JUnit, Pytest, and NUnit for code correctness. Bug detection is crucial, leading to code refactoring and documentation. Continuous Integration (CI) is essential for evaluating and verifying software products throughout the development process. Black Box, White Box, and Gray Box Testing, Integration Testing, and various strategies like Big-Bang Integration are employed for comprehensive testing. Performance, design, deployment, and acceptance testing are critical aspects, with a shift towards shift-left and shift-right testing strategies for faster delivery. Strategic app modernization and digital transformation drive transformational success, necessitating testing for various aspects like security, usability, and exploratory testing. Vulnerabilities and stress testing are vital for ensuring software reliability and user satisfaction. 

On-demand testing services have emerged as a cost-effective solution for managing the software testing life cycle (STLC) in organizations. Previously, companies invested heavily in establishing software test labs to handle testing operations. These labs required significant upfront costs for setting up test environment management. On-demand test labs offer a more affordable alternative, providing test environments for software testers based on their specific requirements. Testers pay for these services only when they use the test lab, making it an ideal choice for collaborative software testing in a multiplatform environment. This model ensures high-quality software development while reducing the financial burden associated with maintaining a permanent test lab. 

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 Market Challenges

The Software Testing Services Market faces numerous challenges in ensuring the quality and dependability of Software Applications in today’s fast-paced business environment. The Software Development Lifecycle (SDLC) requires testing at various stages, including unit testing (JUnit, Pytest, NUnit), functional testing, manual testing, component testing, and acceptance testing. Quality assurance (QA) teams must verify code correctness, detect bugs, and perform code refactoring and documentation. Testing methodologies and techniques like black box, white box, and gray box testing are essential. Performance, design, deployment, and integration testing strategies are crucial for evaluating software products. Continuous Integration (CI) and shift-left testing help improve delivery speed and transformational success. However, challenges persist in areas like bug detection, security testing, and usability testing. Vulnerabilities and performance issues must be addressed through rigorous testing and integration strategies like big-bang integration. QA teams must adapt to digital transformation and strategic app modernization, employing test automation and exploring new testing methodologies.Open-source software testing tools, which provide accessible and freely available source codes, have become increasingly popular among testers worldwide. These tools, often developed by a community of software engineers, offer several advantages, such as no licensing fees and free technical support. The use of open-source tools prevents vendor lock-in and allows testing on various software development methodologies. Popular open-source testing tools include Selenium, Appium, Cucumber, and Katalon Studio. While these tools may negatively impact the revenue of proprietary testing tool providers, they offer significant cost savings and flexibility for businesses.

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Segment Overview 

This software testing services market in Australia report extensively covers market segmentation by  

Product 1.1 Application testing1.2 Product testingEnd-user 2.1 BFSI2.2 Telecom and media2.3 Manufacturing2.4 Retail2.5 OthersGeography 3.1 APAC

1.1 Application testing-  The application testing segment of the software testing services market in Australia is projected to expand due to the rising number of applications being developed and the increasing usage of smartphones. According to the Australian Competition and Consumer Commission, the number of apps available to consumers from approximately 130 million in 2016 to 1.1 billion in 2023. The top three apps used daily by Australians, across both the Google Play Store and Apple App Store (for iPhone), were Facebook, Facebook Messenger, and Instagram in January 2022. Factors such as the growth in e-commerce spending, the widespread adoption of smartphones, a preference for mobile applications in daily life, and the development of mobile applications for the banking sector are expected to primarily fuel the expansion of the application testing segment in Australia during the forecast period. Application testing involves assessing the functionality, consistency, and usability of desktop, mobile, and web applications. For web application testing, factors like business logic, application integrity, functionality, data flow, and hardware and software compatibility are evaluated. Web applications undergo testing for performance, security, and load, as well as cross-browser testing, beta testing, compatibility testing, exploratory testing, regression testing, multilanguage support testing, and stress testing. Mobile application software testing includes UI testing, security testing, functionality and compatibility testing, and regression testing. Three application testing methodologies exist: black box, white box, and grey box. In black box testing, the software is assessed for the expected output given a specific input, regardless of the internal workings. White box testing evaluates an application based on the logic within it. Grey box testing combines elements of both black box and white box testing.

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Research Analysis

The Software Testing Services market focuses on ensuring the quality, dependability, and functionality of Software Applications throughout the Software Development Lifecycle. Testing plays a crucial role in identifying and resolving issues, improving code correctness, and enhancing the user experience. Various testing methodologies and techniques are employed, including Manual Testing, Functional Testing, Component Testing, Unit Testing, and Integration Testing. QA (Quality Assurance) teams utilize testing strategies like Black Box Testing, White Box Testing, and Gray Box Testing. Techniques like JUnit, Pytest, and NUnit are used for Unit Testing, while Integration Testing and Integration Strategies ensure seamless interaction between components. Bug Detection and Code Refactoring are essential parts of the process, with Continuous Integration (CI) facilitating regular testing and documentation maintaining transparency.

Market Research Overview

The Software Testing Services market plays a crucial role in ensuring the quality, dependability, and functionality of Software Applications throughout the Software Development Lifecycle. Testing is an essential part of the SDLC, focusing on evaluating and verifying the software product’s performance, design, and compliance with requirements. Testing methodologies include Manual Testing, Functional Testing, Component Testing, Unit Testing, and various types like Black Box Testing, White Box Testing, and Gray Box Testing. Techniques include Code Correctness, Bug Detection, Code Refactoring, and Documentation. Quality Assurance (QA) practices employ testing techniques to identify and address issues before deployment. Unit Testing Lifecycle, with frameworks like JUnit, Pytest, and NUnit, ensures code correctness. Integration Testing, with strategies like Big-Bang Integration, addresses interoperability between components. Performance, design, and security testing are crucial for ensuring software reliability and user experience. Continuous Integration (CI) and Shift-left/right testing strategies help streamline the testing process and improve delivery speed. Strategic app modernization and digital transformation initiatives also require testing services for transformational success.

Table of Contents:

1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation

ProductApplication TestingProduct TestingEnd-userBFSITelecom And MediaManufacturingRetailOthersGeographyAPAC

7 Customer Landscape
8 Geographic Landscape
9 Drivers, Challenges, and Trends
10 Company Landscape
11 Company Analysis
12 Appendix

About Technavio

Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions.

With over 500 specialized analysts, Technavio’s report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

Contacts

Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
Email: media@technavio.com
Website: www.technavio.com/

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MESCIUS Launches Spread .NET v18

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PITTSBURGH, Jan. 10, 2025 /PRNewswire/ — MESCIUS inc., a global provider of award-winning enterprise software development tools, is pleased to announce the Spread .NET v18 release. The highlights of Spread .NET v18 include exciting features, such as enhanced PDF output quality, a new WPF spreadsheet, copying skip invisible ranges, and more. These features expand developers’ capabilities within their .NET applications when building high-performance enterprise spreadsheets. Spread .NET v18 is now available as an upgrade for existing customers and a download for new customers on the MESCIUS website.

Spread.NET v18 launches with a new WPF version, improved PDF saving (with higher resolution), and much more.

With Spread .NET v18, saving .NET spreadsheets to PDF delivers higher resolution and improved image quality, in line with Excel-compatible printing features. Rich text, flat style modes, transparent shapes, and header/footer images are better rendered, providing professional-grade PDF outputs. Read the release announcement to learn more about the enhanced PDF output quality in Spread .NET v18.

This latest release introduces an all-new WPF spreadsheet component version with significant enhancements, including iterative calculations, dynamic arrays, advanced charting, and external data integration. This update sets the stage for continued WPF innovations in future releases. Visit the website to get started with Spread .NET’s new WPF spreadsheet version.

In Spread .NET v18, users can copy cell ranges while excluding hidden rows and columns. To streamline operations in spreadsheets with filtered or hidden data, enable the RichClipboard and CopySkipInvisibleRange properties. Learn how to get started with this Spread .NET v18 release feature.

“We just released Spread .NET v18, which included some big features like enhanced PDF export and a brand new WPF Spreadsheet version, providing a few calculation enhancements, a new chart engine, and a formula text box,” said Product Manager Kevin Ashley. “These features can help enhance your applications with more Excel-like capabilities in both WinForms and WPF.”

About MESCIUS inc.: MESCIUS inc. is one of the world’s largest providers of developer components. The company retains 400 employees and hundreds of thousands of customers worldwide. MESCIUS inc. is committed to providing enterprises around the world with state-of-the-art developer tools and components, software services, and solutions. For more information, visit https://developer.mescius.com.

All product and company names herein may be trademarks of their respective owners.

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SOURCE MESCIUS inc.

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Puneet Shivam Appointed CEO of Right Skale Inc, a global Data and Cloud Services Company

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Right Skale Inc, a native AI-powered data services company, announces the appointment of Puneet as Chief Executive Officer marking the next phase in the company’s development.

PLEASANTON, Calif., Jan. 10, 2025 /PRNewswire-PRWeb/ — Right Skale announces that Puneet Shivam will join as a Co-founder and Chief Executive Officer, marking a strategic move to accelerate Right Skale’s transformation into a global AI-enablement leader.

“Right Skale is uniquely positioned, and our vision is clear – become the premier AI enablement partner of choice by 2030”, says Puneet Shivam on joining as a co-founder of Right Skale.

Puneet joins from Avendus Capital Inc, where he served as CEO and Managing Director, leading the Enterprise Technology & Services practice. In this role he enabled numerous emerging technology services organizations in scaling up and in value realization. Prior to Avendus, Puneet was instrumental in establishing Inductis (now EXL Analytics) into one of the first and highly reputed data analytics company, delivering high impact analytics initiatives across Fortune 500 companies.

A Winning Partnership. Amit Shah, Founder, commented: “Puneet’s leadership accelerates our mission of helping enterprises achieve their business goals through AI-enabled data services. His experience in growing global businesses and his deep industry relationships will be invaluable.”

“We partner with clients to unlock value through AI-powered solutions. By combining deep technology expertise with business understanding, we help enterprises enhance customer experiences, optimize operations, and drive growth. I am excited to join hands with Amit and the team,” says Puneet Shivam. “Right Skale is uniquely positioned, and our vision is clear – become the premier AI enablement partner of choice by 2030”

About Right Skale:

Right Skale is an AI-enabled technology services company helping enterprises navigate digital transformation through data and cloud innovation. Our mission is to empower businesses to thrive in the AI era. The company’s approach focuses on practical AI implementation – experimenting, validating, and scaling solutions that deliver measurable business outcomes. Through strategic partnerships with leading cloud and data technology providers, Right Skale helps clients build future-ready digital capabilities. For more info, please email us at info@rightskale.com www.RightSkale.ai & www.RightSkale.com

Media Contact

HR, Right Skale Inc, 1 (408) 658-0779, info@rightskale.com, www.RightSkale.ai

HR, Right Skale, info@rightskale.com, www.RightSkale.ai

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SOURCE Right Skale Inc

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Pensions & Investments and NAIC Announce Alliance to Support Diverse Asset Managers

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WASHINGTON, Jan. 10, 2025 /PRNewswire/ — The National Association of Investment Companies (NAIC), the industry association and largest network of diverse-owned alternative investment firms, and Pensions & Investments (P&I) have entered into a multi-year alliance designed to promote objectives related to increasing diversity and inclusion in the institutional investment industry. 

Through this alliance, NAIC and P&I will work together to advance the pool of diverse talent within the private markets by growing the assets allocated to diverse-owned and managed firms through investor-facing education and resources. They will collaborate to develop and publish thought leadership content related to the impact diverse-owned firms have on the industry and the economy. NAIC member firms will benefit from access to the P&I Research Center, which provides insights including current and historical data, key contact information for institutional investors, market intelligence, trend analysis, competitive benchmarking and more.

“Pensions & Investments is pleased to partner with NAIC to shine a spotlight on some of the innovative and great work being done by diverse- and woman-owned firms in the alternatives space. There is increased interest in how to leverage alternative assets across the institutional investment and retirement landscape, and we’re looking forward to sharing data, insights and content that can amplify the voices represented by NAIC member firms,” says Nikki Pirrello, President and Publisher, Pensions & Investments. “Our audience is hungry for information on effective investment strategies and high-performing managers, and we believe this partnership will allow us to continue to expand our universe of those we are covering.”

By joining forces, NAIC and P&I will raise awareness of the diverse- and woman-owned alternative investment firms that drive growth in every major industry sector. “We are excited that Pensions & Investments, a leading voice in investment management, shares NAIC’s goal of increasing diversity and inclusion in the institutional asset management industry,” says Robert L. Greene, NAIC’s President & CEO. “We look forward to the opportunities this alliance will provide our members to identify trends and share insights in order to increase the flow of capital to high-performing diverse investment firms from pensions and other investment managers.”

About the National Association of Investment Companies
With more than 54 years of advocacy and performance, the National Association of Investment Companies (www.naicpe.com) is the trade association and largest network of diverse- and women-owned alternative investment firms. NAIC’s membership comprises more than 190 diverse-owned alternative investment firms that collectively manage over $460 billion in assets under management. NAIC member firms invest with more than 2,200 portfolio companies globally and consistently generate superior returns that help fuel the growth of the retirement and asset management industries. www.naicpe.com

About Pensions & Investments
With unmatched integrity and professionalism, Pensions & Investments consistently delivers news, research and analysis to the executives who manage the flow of funds in the institutional investment market. Since its founding in 1973, this continues to be the mission of Pensions & Investments, the international newspaper of money management. Written for pension, portfolio and investment management executives at the hub of this market, Pensions & Investments provides its audience with timely and incisive coverage of events affecting the money management business. Written by a worldwide network of reporters and correspondents, Pensions & Investments’ coverage includes business and financial news, legislative reports, global investments, product development, technology, investment performance, executive changes, corporate governance and other topics crucial to the people who drive the world of professional money. Pensions & Investments is owned by Crain Communications Inc. www.pionline.com

CONTACT:
Kristen Perlman
Vice President, Marketing and Insights
National Association of Investment Companies
kperlman@naicpe.com

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SOURCE National Association of Investment Companies

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