Crowdsourced Testing Market to Grow with a CAGR of 12.05% Globally through to 2028
Crowdsourced
Testing market is increasing due to the widespread digital transformation of
the real estate industry globally and its rising adoption of cutting-edge
technologies in the forecast period, 2024-2028.
According to
TechSci Research report, “Global Crowdsourced Testing Market - Industry
Size, Share, Trends, Competition Forecast & Opportunities, 2028
Global Crowdsourced
Testing market has witnessed tremendous growth in recent years, reaching a
valuation of USD 3.09 billion in 2022. The market is projected to continue its
strong upward trajectory, posting a CAGR of 12.05% from 2024 to 2028.
The global
Crowdsourced Testing market is experiencing significant expansion driven by
rising adoption among commercial and residential property organizations
worldwide. Real estate companies recognize advanced property management
capabilities as strategic for optimizing operations, managing costs effectively
and enhancing development cycles.
Many real estate
businesses are partnering with leading Crowdsourced Testing solution providers
to streamline processes such as lease management, tenant billing and facilities
maintenance. Crowdsourced Testing is helping to improve collaboration between
teams and drive efficiencies across distributed property networks. Technologies
such as cloud-based property management systems, 3D building design software
and Industry 4.0-ready smart building platforms provide real estate companies
with advanced capabilities to deliver customized property solutions. This is
helping enterprises gain competitive advantages through improved productivity,
reduced costs and shortened time to market for new developments.
Adoption is also
fueled by corporate digital transformation strategies prioritizing flexibility.
Real estate companies now understand Crowdsourced Testing's strategic value in
supporting distributed property portfolios, enabling flexible work environments
and facilitating complex building design development. This shift is driving
demand as companies seek to optimize costs and quickly respond to tenant needs.
Continued
innovation in areas like AI-powered facilities management, smart building
platforms and digital twin technologies is further propelling the market.
Companies can develop customized, data-driven and adaptive property management
models tailored to their portfolio and business requirements.
As real estate
businesses discover new ways to leverage Crowdsourced Testing for digital
operations and smart building strategies, long-term growth prospects remain
positive. Reliable and advanced property management capabilities have become
critical for supporting flexible work environments, enabling customized tenant
experiences and developing complex buildings globally. The market is poised to
grow strongly as adoption increases across geographies and property types to
support evolving digital property management needs..
Browse over 26
market data Figures spread through 91 Pages and an in-depth TOC on "Global Crowdsourced
Testing Market.”
Global
Crowdsourced Testing solution market is segmented by platform type, crowd type,
end-user industry and region.
By platform
type, the market is divided into web-based crowdsourced testing and mobile app
crowdsourced testing. The web-based segment dominated in 2022 due to the
flexibility and lower costs associated with maintaining a single web codebase.
By crowd type,
the market is bifurcated into professional testers, crowdtesters (freelancers),
in-house employees, and crowdsourced community. The professional testers
segment held the largest share in 2022 owing to their expertise in delivering
robust testing outcomes for mission-critical projects.
By end-user
industry, the market covers IT & software, healthcare, e-commerce &
retail, banking & finance, telecom & communication, manufacturing,
gaming, and others. Healthcare represented the fastest growing segment during
the historical period due to rising digitalization and stringent regulatory
requirements.
The market is
also studied based on region and segmented into North America, Europe, Asia
Pacific, Latin America, and Middle East & Africa. In 2022, North America
dominated the global market landscape due to the presence of major players and
early technology adoption among real estate firms.
Going forward,
the mobile app crowdsourced testing and crowdtesters (freelancers) segments are
expected to witness the fastest growth rates over the forecast period..
Major companies operating in Global Crowdsourced
Testing Market are:
- Applause
- Crowdsourced.com
- Global
App Testing
- CROWDSPRINT
- UTest
- Testbirds
- Digivante
- Cobalt
- Synack
- Planit
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“Ongoing
Technological Advancements and Widening Adoption Driving Robust Growth in the
Global Crowdsourced Testing Solution Market. The global Crowdsourced Testing
solution market is experiencing significant expansion fueled by advancements in
digital technologies such as artificial intelligence, cloud computing, robotic
process automation, big data analytics, and the Internet of Things. Leading
Crowdsourced Testing solution providers are leveraging these technologies to
deliver enhanced capabilities to their customers.
Crowdsourced
Testing solutions now enable enterprises to generate predictive insights,
automate complex workflows, offer personalized recommendations, and manage
business processes at scale. This helps organizations across industries
optimize and transform both core and non-core operations. Crowdsourced Testing
facilitates customized outsourcing by collecting and analyzing vast amounts of
data through advanced analytics platforms. This allows companies to deeply customize
outsourcing models, manage compliance requirements more effectively, and
enhance customer experiences.
The adoption of
Crowdsourced Testing is no longer limited to just large enterprises as small
and medium businesses also partner with providers to streamline operations,
reduce costs, and strengthen compliance controls. Crowdsourced Testing
companies continue investing heavily in research and development to develop
industry-specific solutions and address diverse sector needs.
Regulatory
authorities are developing frameworks to ensure data privacy and security
standards are maintained, fostering innovation in Crowdsourced Testing. Backed
by ongoing technological advancements, growing acceptance of data-driven
outsourcing strategies, continuous product innovation, and widening adoption
across business sizes and sectors, the global Crowdsourced Testing solution
market is well-positioned for sustained high growth in the coming years.
As digital
technologies become core business capabilities, analysts remain bullish on the
future prospects of the global Crowdsourced Testing solution market.
Crowdsourced Testing solutions are cementing their role as indispensable tools
to optimize processes across all enterprise sizes and industries..” said Mr.
Karan Chechi, Research Director with TechSci Research, a research-based
management consulting firm.
“Crowdsourced Testing Market by
Industry Size, Share, Trends, Opportunity, and Forecast, 2018-2028, , Segmented by Platform Type (Web-Based Crowdsourced
Testing, Mobile App Crowdsourced
Testing), By Crowd Type (Professional Testers, Crowdtesters
(Freelancers), In-house Employees, Crowdsourced Community), By End-User
Industry: (IT and Software, Healthcare, E-commerce and Retail, Banking and Finance, Telecom and Communication, Manufacturing,
Gaming, Others), By Region, By Competition”, has evaluated
the future growth potential of Global Crowdsourced Testing Market and provides statistics &
information on market size, structure and future market growth. The report
intends to provide cutting-edge market intelligence and help decision makers
take sound investment decisions. Besides, the report also identifies and
analyzes the emerging trends along with essential drivers, challenges, and
opportunities in Global Crowdsourced Testing Market.
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