Aug 30, 2023

Lyon, FRANCE New York, Aug. 30, 2023 (GLOBE NEWSWIRE) -- Reportlinker.com announces the release of the report "Global AI-enabled Testing Market Size, Share & Industry Trends Analysis Report By Component, By Technology, By Application, By Deployment, By End-Use, By Regional Outlook and Forecast, 2023 - 2030" - https://www.reportlinker.com/p06487594/?utm_source=GNW As a result, financial institutions can better identify and stop fraudulent transactions, reducing losses and protecting consumer funds. Furthermore, AI-enabled testing supports financial organizations in risk assessment and guaranteeing regulatory compliance. The major strategies followed by the market participants are Partnerships as the key developmental strategy to keep pace with the changing demands of end users. For instance, In June, 2022, Sauce Labs Inc. partnered with Keysight Technologies, to deliver artificial intelligence (AI)-driven automated testing of applications across thousands of devices, browsers, and OS combinations. Additionally, In May, 2021, Micro Focus collaborated with Microsoft Corporation, to reduce government clients’ infrastructure costs. KBV Cardinal Matrix - AI-enabled Testing Market Competition Analysis Based on the Analysis presented in the KBV Cardinal matrix; Capgemini SE and IBM Corporation are the forerunners in the Market. Companies such as Sauce Labs Inc., Applitools, Tricentis are some of the key innovators in the Market. In June, 2023, Sauce Labs Inc joined hands with TestRail, to integrate its technology and enable engineering and product teams to boost digital innovation without prohibitively increasing risk. Market Growth Factors Growing awareness of the benefits of AI in testing In recent years, the demand for AI-enabled testing tools has increased owing to its numerous benefits. These tools help developers in developing test cases, executing them as per changes, planning, automation of identical workflows, user interface (UI) testing, and testing before releases. Making a test case for a single field requires the AI software to recognize and automate the test cases that must be performed for a single field type. Once the AI program has determined which portions of the code have changed, it may conduct a risk analysis and choose which test cases should be run to ensure nothing is automatically broken before the release. These steps can be performed repeatedly without needing more resources, thus saving time and money for businesses. Since more companies are expected to become aware of the benefits of AI-enabled testing in the coming years, it will significantly propel the market’s growth. Emerging concept of ‘fail fast, fail often’ among product developers A software engineering approach known as "fail-fast" emphasizes the need to spot errors and possible issues as early in developing software as is practical. ’Fail fast, fail often’ refers to the capability of rapidly and repeatedly making amends. To do this, systems that can accelerate procedures and enable immediate feedback needs to be implemented. The ’fail fast, fail often’ strategy only functions if a business can recover from failures in the shortest amount of time. By automating repetitive operations, decreasing human effort, and cutting the length of testing cycles, AI-enabled testing simplifies the testing process. As a result, businesses can shorten their time to market and acquire a competitive advantage. Hence, this development will fortify the market’s expansion. Market Restraining Factors Issues of AI model reliability and quality AI can assist with repetitive jobs roughly identical to earlier completed ones. But even if AI is used to its fullest extent, some activities will still need human labor. Activities like documentation review, test creation for complex scenarios, test result analysis & reporting, and user experience testing need human intervention. Many businesses still consider It best to have a person examine the documentation to fully comprehend a system that requires to be constructed. All AI models employed in testing are subjected to stringent model validation procedures, as well as constant monitoring and improvement. Therefore, these AI drawbacks may hamper the market’s growth in the coming years. Component Outlook Based on component, the market is characterized into solution and services. The solution segment garnered the highest revenue share in the market in 2022. The adoption of commonly utilized AI-based solutions for detecting criminal activity is propelling the growth of the segment. The detection of fraudulent operations is helped by AI-based tools and machine learning algorithms. These technologies are used on a wide variety of customer and operator data to identify features of the general traffic. Technology Outlook On the basis of technology, the market is classified into machine learning & pattern recognition, natural language processing (NLP), and computer vision & image processing. The natural language processing (NLP) segment recorded a significant revenue share in the market in 2022. Fresh technological breakthroughs have led to significant growth in the NLP demand. The need for cloud-based technology is rising, and improvements in communication infrastructure and NLP are speeding up this rise. The link between machines and humans, NLP entails running computer programs and data analysis. Application Outlook By application, the market is divided into test automation, infrastructure optimization, and others. The test automation segment witnessed the maximum revenue share in the market in 2022. AI-enabled testing solutions significantly improve test automation by utilizing AI algorithms and approaches, driving the segment’s growth. It can increase the scalability and flexibility of the testing process when used with cloud computing instances. Organizations can improve the accuracy, efficiency, and productivity of their testing processes by integrating AI-enabled testing with automated tests. Deployment Outlook Based on deployment, the market is segmented into on-premises and cloud. The cloud segment acquired a substantial revenue share in the market in 2022. Cloud solutions offer practically limitless scalability and resources, and thus drive the segment’s expansion. Depending on demand, businesses easily provide and scale down or up their AI-enabled testing infrastructure. They can meet demanding testing needs on a big scale effectively and economically, owing to their flexibility. End User Outlook On the basis of end-use, the market is segmented into IT & telecommunication, healthcare, energy & utilities, BFSI, government, and others. The IT and telecommunication segment recorded the largest revenue share in the market in 2022. The need for more effective customer services and operational networks in the telecommunications sector is driving the segment’s expansion. Testing requires less manual labor and time owing to AI algorithms that build test cases, run tests, and analyze results on a large scale. Faster time to market for innovative telecom services and features is made possible by increased testing cycle efficiency. In addition, the system examines network traffic patterns, spots irregularities, and picks out potential security risks. Regional Outlook Region wise, the market is analyzed across North America, Europe, Asia Pacific, and LAMEA. The North America segment procured the maximum revenue share in the market in 2022. The market in this region is expanding due to the noticeable growth of automation testing. In order to enhance the functioning of the product, mobile applications are increasingly using AI regression testing. In this region, the market is growing due to increased urbanization, shifting lifestyles, increasing disposable income, and cutting-edge technologies. Growing R&D spending, rising demand for automated testing remedies, and introduction of new products all contribute to the market’s expansion in the United States. The market research report covers the analysis of key stakeholders of the market. Key companies profiled in the report include Sauce Labs Inc., Retest (UBS Hainer GmbH), Functionize, Inc, Diffblue Ltd., Applitools (Thoma Bravo), Capgemini SE, TestRigor, Micro Focus International PLC (Open Text Corporation), Tricentis and IBM Corporation Recent Strategies Deployed in AI-enabled Testing Market Partnerships, Collaboration and Agreements: Jun-2023: Sauce Labs Inc joined hands with TestRail, a centralized test management platform. The company would integrate its technology and enable engineering and product teams to boost digital innovation without prohibitively increasing risk. TestRail integration would enable the users of Sauce Labs to have sufficient test coverage and confidence in their releases, all through a single pane of glass. Test effectiveness, speed, precision, and stability are enhanced through early and ongoing feedback loops. This would be very beneficial to any firm that uses automated testing to meet its compliance, security, and legal obligations. Jun-2022: Sauce Labs Inc. partnered with Keysight Technologies, an American company that manufactures electronic test and measurement equipment and software. Delivery of artificial intelligence (AI)-driven automated testing of applications across thousands of devices, browsers, and OS combinations would be possible through the integration of Keysight’s Eggplant cloud-based test automation platform with the Sauce Labs real and virtual device clouds and software platform. Aug-2021: Sauce Labs formed a partnership with Savex Technologies, one of India’s largest Information and Communication Technology Distributors. The initial focus of the collaboration will be on the distribution of Sauce Labs’ AutonomIQ platform and enable the company to expand its footprint in the Indian market. May-2021: Micro Focus collaborated with Microsoft Corporation, an American multinational technology corporation. With the partnership with Microsoft, mainframe programs can operate on Microsoft Azure in a safe and scalable manner and reduce government clients’ infrastructure costs. Product Launch and Product Expansions: Jun-2023: Sauce Labs Inc joined hands with TestRail, a centralized test management platform. The company would integrate its technology and enable engineering and product teams to boost digital innovation without prohibitively increasing risk. TestRail integration would enable the users of Sauce Labs to have sufficient test coverage and confidence in their releases, all through a single pane of glass. Test effectiveness, speed, precision, and stability are enhanced through early and ongoing feedback loops. This would be very beneficial to any firm that uses automated testing to meet its compliance, security, and legal obligations. Jun-2022: Sauce Labs Inc. partnered with Keysight Technologies, an American company that manufactures electronic test and measurement equipment and software. Delivery of artificial intelligence (AI)-driven automated testing of applications across thousands of devices, browsers, and OS combinations would be possible through the integration of Keysight’s Eggplant cloud-based test automation platform with the Sauce Labs real and virtual device clouds and software platform. Aug-2021: Sauce Labs formed a partnership with Savex Technologies, one of India’s largest Information and Communication Technology Distributors. The initial focus of the collaboration will be on the distribution of Sauce Labs’ AutonomIQ platform and enable the company to expand its footprint in the Indian market. May-2021: Micro Focus collaborated with Microsoft Corporation, an American multinational technology corporation. With the partnership with Microsoft, mainframe programs can operate on Microsoft Azure in a safe and scalable manner and reduce government clients’ infrastructure costs. Acquisitions and Merger: Jun-2023: Applitools completed the acquisition of Preflight, a cutting-edge test automation platform. Through this acquisition, the company would expand its platform by integrating AI into crucial phases of the testing lifecycle. Feb-2022: Tricentis took over Testim, an AI-based SaaS test automation platform. With this acquisition, the company aimed to offer its customers better business outcomes by making high-quality, high-performing, and highly secure applications. Feb-2021: Sauce Labs Inc. signed an agreement to acquire AutonomIQ, a provider of scriptless test automation solutions. The acquisition would enable the company to enhance the portfolio of the company. Scope of the Study