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AI Enabled Testing Tools Market Size Expansion: A Snapshot of Growth Between 2024 and 2029
The market size of AI-enabled testing tools has experienced rapid expansion in the past few years. Expect to see its growth escalate from $0.45 billion in 2024 to $0.58 billion in 2025, demonstrating a compound annual growth rate (CAGR) of 28.7%.
This significant growth in the past period can be credited to the escalating complexity of software applications and systems, a solid emphasis on quality assurance and efficient testing, the extensive deployment of agile and DevOps methodologies, an increasing understanding of the advantages of AI-enabled testing tools, and the availability of substantial data amounts for testing.
In the coming years, the market size of AI-enabled testing tools is anticipated to experience significant growth, accelerating to $1.5 billion by 2029 with a compound annual growth rate (CAGR) of 26.7%. This projected expansion during the forecast period is primarily due to the growing emphasis on shift-left testing, an increasing trend towards cloud-based testing solutions, the escalating threat of cyber-security breaches, and the development of IoT and edge computing technologies.
Major emerging trends for the forecast period encompass the increased uptake of shift-left testing, cloud-based testing, enhanced security testing capabilities, integration with intelligent automation platforms, and the application of agile and DevOps methodologies.
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Key Drivers Behind the Expansion of the AI Enabled Testing Tools Market: Insights and Trends
The booming progress of digital transition is anticipated to drive the market for AI-enabled testing tools onwards. This concept of digital transition entails the comprehensive incorporation of digital innovations into all commercial activities, significantly altering the way companies operate and offer value to their customers.
This rise in digital transition is due to shifting consumer habits, the importance of enhancing efficiency and flexibility, and the desire for better customer experiences. Digital transformation amplifies the need for AI-enabled testing tools by necessitating swifter and more precise testing procedures to facilitate the flawless assimilation of digital technologies into business functions.
For example, as reported by the European Investment Bank – a Luxembourg-based long-term finance institution of the European Union, in May 2023, a nine percentage point hike was observed in 2022 when 42% of European enterprises further invested in digitalisation as compared to 2021. Furthermore, half of the firms in the United States, which accounts for 50%, committed to additional digitalisation investments during the same timeframe.
As a result, the escalation of digital transformation is fuelling the growth of the AI-enabled testing tools market.
Which Segments in the AI Enabled Testing Tools Industry Are Seeing the Fastest Growth?
The ai enabled testing toolsmarket 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
Subsegments:
1) By Software: Test Automation Software, Performance Testing Software, Functional Testing Software, Security Testing Software
2) By Services: Consulting Services, Implementation Services, Support And Maintenance Services
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Which New Trends Will Create Growth Opportunities in the AI Enabled Testing Tools Market?
Companies prominent in the AI-enabled testing tools sector are pushing boundaries by introducing innovative solutions like AI-powered test automation. This integrates AI technology to render quality assurance processes more efficient.
AI-powered test automation employs AI algorithms to inspect complex visual testing scenarios, recognize minute disparities between actual and expected product visuals, and enables the automated review of substantial volumes of visual assets. For example, in June 2022, Globant S.A., a software solutions company based in Luxembourg, unveiled MagnifAI.
This AI-powered test automation solution is designed to refine and ease the quality assurance in intricate visual testing scenarios. MagnifAI’s goals include boosting product quality, reducing maintenance time, accelerating time-to-market, and lowering expenses for businesses across an array of industries.
Key in industries like gaming, MagnifAI automates the review of countless visual assets and detects minor differences that could affect user experience. This breakthrough overcomes quality control challenges by using AI to reveal variations between expected and actual product visuals – a task traditionally challenging for humans to accomplish on a large scale.
Which Global Regions Are Powering Demand in the AI Enabled Testing Tools Market?
North America was the largest region in the AI-enabled testing tools market in 2024. 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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How Key Players Are Driving Growth in the AI Enabled Testing Tools Market?
Major companies operating in the AI enabled testing tools market report are Amazon Inc.; International Business Machines Corporation; Oracle Corporation; Keysight Technologies Inc.; Open Text Corporation; Micro Focus International Plc; Cloudera Inc.; Nuro Inc.; Perforce Software Inc.; Tricentis LLC; Indium Software Inc.; QASource Inc.; SenseTime Group Limited; SmartBear Software Inc.; Sauce Labs Inc.; Applitools Ltd.; BugRaptors Solutions Pvt. Ltd.; AccelQ Inc.; Functionize Inc.; Diffblue Ltd.; SeaLights Technologies Ltd.; Mabl Inc.; Vegavid Technology; ReTest GmbH; TestRigor Inc
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