Research Nester published a report titled “Defect Management Tools Market: Global Demand Analysis & Opportunity Outlook 2030” which delivers detailed overview of the global defect management tools market in terms of market segmentation by component, deployment, organization size, industry vertical, and by region.
Further, for the in-depth analysis, the report encompasses the industry growth indicators, restraints, supply and demand risk, along with detailed discussion on current and future market trends that are associated with the growth of the market.
The global defect management tools market is estimated to occupy a large revenue by growing at a robust CAGR during the forecast period, i.e., 2022 – 2030, owing to the dearth of automation tools to defect or track bug, and escalating investments of companies on testing processes across the globe. Apart from these, growing demand for developing bug-free software with short turnaround time is also expected to drive market growth in the forthcoming years.
The market is segmented by component, deployment, organization size and industry vertical. Based on deployment, the cloud segment is anticipated to grab the largest market share during the forecast period on the back of rising adoption of cloud ascribing to its hassle-free software updates and high cost-effectiveness. Additionally, by industry vertical, the information technology segment is projected to gather the largest share over the forecast period in view of the growing trend of bring your own devices among IT organizations.
Geographically, the global defect management tools market is segmented into five major regions, namely North America, Europe, Latin America, Asia Pacific, and the Middle East & Africa. North America is evaluated to grab the largest share in the market during the forecast period attributing to the increasing deployment of automation in testing environment in the region. Moreover, Asia Pacific is predicted to register noteworthy growth ascribing to the upsurge in use of ML and AI techniques.
The research is global in nature and covers detailed analysis on the market in North America (U.S., Canada), Europe (U.K., Germany, France, Italy, Spain, Hungary, Belgium, Netherlands & Luxembourg, NORDIC [Finland, Sweden, Norway, Denmark], Poland, Turkey, Russia, Rest of Europe), Latin America (Brazil, Mexico, Argentina, Rest of Latin America), Asia-Pacific (China, India, Japan, South Korea, Indonesia, Singapore, Malaysia, Australia, New Zealand, Rest of Asia-Pacific), Middle East and Africa (Israel, GCC [Saudi Arabia, UAE, Bahrain, Kuwait, Qatar, Oman], North Africa, South Africa, Rest of Middle East and Africa). In addition, analysis comprising market size, Y-O-Y growth & opportunity analysis, market players’ competitive study, investment opportunities, demand for future outlook etc. has also been covered and displayed in the research report.
Shortage of Automation Tools for Bug Tracking Worldwide to Boost Market Growth
As the complexity of software programs is increasing, the possibility of bugs in the code is also rising. These defects can cause massive losses to organizations, which is giving surge to the growing need to develop efficient tools for defect management. This is considered to be a crucial factor projected to boost market growth in the upcoming years.
However, high cost spent in training and recruiting defect management tools experts is expected to operate as key restraint to the growth of the global defect management tools market over the forecast period.
This report also provides the existing competitive scenario of some of the key players of the global defect management tools market which includes company profiling of IBM Corporation, Inflectra Corporation, Zoho Corporation, Microsoft Corporation, Perforce Software, Inc, Airbrake Technologies, Inc., Atlassian Corporation Plc, Bugsnag Inc., JetBrains s.r.o., Nulab Inc., and others. The profiling enfolds key information of the companies which encompasses business overview, products and services, key financials and recent news and developments. On the whole, the report depicts detailed overview of the global defect management tools market that will help industry consultants, equipment manufacturers, existing players searching for expansion opportunities, new players searching possibilities and other stakeholders to align their market centric strategies according to the ongoing and expected trends in the future.
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