Defect Management Tools Market Analysis

The market is segmented by industry vertical into BFSI, telecommunications, manufacturing, information technology, retail, energy and utility, automotive, and others, out of which, the information technology segment is anticipated to hold the largest share in the global defect management tools market. This can be accounted to the rising trend of bring your own device and mobility amongst IT-based organizations, and rising significance of defect or bug testing among enterprises. Additionally, on the basis of deployment, the cloud segment is predicted to acquire the largest share over the forecast period owing to the increasing adoption of cloud technology as a result of its hassle-free software updates and maintenance, and high cost-effectiveness. Apart from these, cloud-based defect management tools provide users with various plans suiting their specific needs, which is also assessed to boost the growth of the market segment in the future.

Our in-depth analysis of the global market includes the following segments