Engineering, Research & Technical Services · Indirect
Monitoring · monthlyProcurement Category Intelligence
Software Testing Services
Overview
Market size
$64.0B
global, USD
CAGR
6.0%
base to forecast
Buyer power
-0.4
supplier-favoured
Suppliers
6
tracked players
Signals
12
monitored
Market outlook
2031$85.6B
What changed
Demand by region
North America demand42%
Europe demand26%
Asia Pacific demand22%
Rest of world demand10%
share of global demandtotal 100%
Cost drivers
Engineering Labor and Personnel65%
Testing Infrastructure and Cloud Infrastructure15%
Commercial Automation Software and Tools Licensing12%
Overhead and Administrative Operations8%
share of delivered cost (analyst estimate)