AI-enabled testing tools market: Key Players, Technologies, and Market Insights 2024-2033

The Business Research Company’s AI-enabled testing tools Global Market Report 2024 – Market Size, Trends, And Market Forecast 2024-2033

LONDON, GREATER LONDON, UK, June 17, 2024 /EINPresswire.com/ -- AI-enabled testing tools are software solutions that leverage artificial intelligence technologies to automate and optimize the testing of software applications. These tools help improve efficiency, accuracy, and coverage of testing, leading to faster delivery of high-quality software products by utilizing advanced algorithms and data analytics to identify defects, enhance test coverage, and accelerate the software testing process.

Market Size and Growth
The AI-enabled testing tools market size has grown exponentially in recent years. It will grow from $0.35 billion in 2023 to $0.45 billion in 2024 at a compound annual growth rate (CAGR) of 29.2%. The growth in the historic period can be attributed to growing complexity of software applications and systems, strong focus on quality assurance and testing efficiency, widespread adoption of agile and DevOps practices, increasing awareness about the benefits of AI-enabled testing tools, availability of large volumes of data for testing purposes.
The AI-enabled testing tools market size is expected to see exponential growth in the next few years. It will grow to $1.27 billion in 2028 at a compound annual growth rate (CAGR) of 29.4%. The growth in the forecast period can be attributed to increasing focus on shift-left testing, rising adoption of cloud-based testing solutions, rise in cybersecurity threats, expansion of IoT and edge computing technologies.
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Driver: Digital Transformation
The rapid growth of digital transformation is expected to propel the AI-enabled testing tools market going forward. Digital transformation refers to integrating digital technologies into all business operations, fundamentally changing how organizations operate and deliver customer value. The surge in digital transformation can be attributed to changing consumer behaviors, the need for increased efficiency and agility, and the demand for improved customer experiences. Digital transformation creates increased demand for AI-enabled testing tools by necessitating faster and more accurate testing processes to ensure the seamless integration of digital technologies into business operations.

Major Players and Market Trends
Key players operating in the AI-enabled testing tools market include Amazon Inc., International Business Machines Corporation, Oracle Corporation, Keysight Technologies Inc., and others. These companies focus on developing advanced technological solutions such as AI-powered test automation, which integrates artificial intelligence (AI) technology to automate and streamline quality assurance processes.

AI-enabled testing tools Market Segments
The AI enabled testing tools market covered in this report is segmented –
1) By Component: Software, Services
2) By Type: Machine Learning And Pattern Recognition, Natural Language Processing (NLP), Computer Vision And Image Processing
3) By Application: Test Automation, Infrastructure Optimization, Other Applications
4) By End-Use Industry: Healthcare, IT And Telecommunication, Energy And Utilities, Banking, Financial Services, And Insurance(BFSI), Government, Other End Use Industries

Regional Insights
North America was the largest region in the AI-enabled testing tools market in 2023. The regions covered in the AI-enabled testing tools market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.

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AI Enabled Testing Tools Global Market Report 2024 from TBRC covers the following information:
• Market size date for the forecast period: Historical and Future
• Market analysis by region: Asia-Pacific, China, Western Europe, Eastern Europe, North America, USA, South America, Middle East and Africa.
• Market analysis by countries: Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.

Trends, opportunities, strategies and so much more.
The AI Enabled Testing Tools Global Market Report 2024 by The Business Research Company is the most comprehensive report that provides insights on AI enabled testing tools market size, AI enabled testing tools market drivers and trends, AI enabled testing tools market major players, competitors' revenues, market positioning, and market growth across geographies. The AI enabled testing tools market report helps you gain in-depth insights on opportunities and strategies. Companies can leverage the data in the report and tap into segments with the highest growth potential.

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