Automation Testing Market size was valued at USD 33.13 billion in 2024 and is expected to cross USD 211.16 billion by the end of 2037, registering more than 15.1% CAGR during the forecast period i.e., between 2025-2037. In the year 2025, the industry size of automation testing is estimated at USD 37.19 billion. The growth of the market can be attributed to the increasing demand for smart vehicles with advanced sensors. Autonomous vehicles and connected cars are other names for smart cars, they use cutting-edge technology such as artificial intelligence. Autonomous vehicle security and safety in real-world settings are evaluated via automated testing. By 2024, annual shipments of smart cars are anticipated to reach roughly 76 million worldwide.
In addition to these, factors that are believed to fuel the market growth of automation testing include the rising penetration of digital transformation of the industries to make it industry 4.0. This revolution includes the use of various technology, such as artificial intelligence, the internet of things, cloud computing, and others inside industrial settings and processes. According to 86% of CEOs, AI was a common tool in offices by 2021. Furthermore, by 2027, 80% of retail executives want their companies to use intelligent automation that is powered by AI across the globe.
Author Credits: Abhishek Verma
Copyright © 2024 Research Nester. All Rights Reserved
FREE Sample Copy includes market overview, growth trends, statistical charts & tables, forecast estimates, and much more.
Have questions before ordering this report?