Published Date: 2021-07-14
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European Automation Testing Market size is set to surpass USD 6.5 billion by 2026, according to a latest forecast report by Graphical Research.
Rising adoption of Artificial Intelligence (AI) and Machine Learning (ML) for process automation in industries including manufacturing, automotive, healthcare, and telecom & IT is accelerating the market growth. AI-powered testing helps to reduce the overall time and cost for testing services. These features will positively influence companies in the region to form collaboration with regional software testing companies to accelerate their operational efficiency with AI integrated testing services. In August 2019, Sky Italia, a firm offering satellite TV service, entered int an agreement with Amdocs to deliver managed services with AI, ML, and advanced automation tools. This will help Sky Italia to enhance its service quality and operational efficiency.
The services segment will grow at a CAGR of over 14% during projected period. The service segment is bifurcated into advisory, consulting, planning & development, support & maintenance, documentation & training, implementation, and managed. The managed service will grow at a significant market share as it improves the end-to-end Quality Assurance (QA) requirement of clients such as QA resources, release program management, and deliveries. This will help software development companies to deliver high-quality product and emphasize on their core business with lesser time to market, thereby increasing the demand for managed services in automation testing.
Browse detailed statistical insights from the report, “Europe Automation Testing Market Forecast 2026 By End Point Interface (Mobile, Web, Desktop, Cloud, Embedded Software), By Component (Testing Type{Functional Testing, Non-Functional Testing}, Services {Advisory & Consulting, Planning & Development, Support & Maintenance, Documentation & Training, Implementation, Managed}), By Application (IT & Telecom, BFSI [Banking, Financial Services, And Insurance], Manufacturing, Retail, Healthcare, Transportation & Logistics, Government & Public Sector, Smart Consumer Devices, Automotive, Medical Devices), Research Report, Country Outlook (UK, Germany, France, Italy, Spain, Russia), COVID-19 Impact Statistics, Price Trends, Historic Data, Growth Prospects, Competitive Industry Share” along with the table of contents (ToC) @
https://www.graphicalresearch.com/industry-insights/1892/europe-automation-testing-market
The Banking, Financial Services, and Insurance (BFSI) application segment accounted for over 23.0% market share in 2019 and will grow at a CAGR of 11.5% from 2020 to 2026. Growth is driven by rising shift of population toward digital banking for applications such as fund transfer, deposition, withdrawal of money, loan approval, and others. This will accelerate the demand for automation testing services of mobile applications, online banking applications, among others. The European online banking is gaining popularity due to the emergence of several online banking applications such as Revolut, N26, Monzo, Monese, Starling Bank, and Tandem. According to the annual report of Revolut, its customer base rose to around 10 million in February 2020. The increasing use of mobile wallets for financial transactions and connected banking in developing economies, such as London, Germany, and others, will further accelerate the demand for automation testing in the banking industry.
Spain accounted for over 7.5% market share in 2019 and will grow at a CAGR of 15.5% from 2020 to 2026. The share is majorly attributed to rising government initiatives for digitization of the medical procedures due to the coronavirus outbreak. For instance, in August 2020, the Spanish Health Ministry and AENA appointed Atos to produce a digital software, Spain travel health. The software will monitor the health of passengers traveling in or out from the country. In March 2020, the Government of Spain announced that it will deploy automated robots for testing approximately 80,000 infected persons in a day. Post-COVID-19 pandemic, the government will adopt automation to boost the testing services in the medical industry.
The European automation testing market research report includes in-depth coverage of the industry with estimates & forecast in terms of revenue in USD billion from 2015 to 2026 for the following segments:
Europe Market, By Component
Europe Market, By End-Point Interface
Europe Market, By Application
The above information has been provided for the following countries:
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