Defect Management Tools Market Size

Defect Management Tools Market size is poised to witness lucrative growth rate during the forecast period i.e., between 2024-2036.  The growth of the market can be attributed largely to the shortage of automation tools to defect or bug tracking. Along with these, as the IT infrastructure in organizations is becoming more software-oriented, software required for managing all the IT operations are becoming more complex. This often results in more technical defects in enterprise software during the technical phase, which in turn is expected to augment the sales for these tools in the forthcoming years. Furthermore, growing investments of companies on testing processes, escalating demand for the delivery of bug-free software with short turnaround time, and upsurge in adoption of AI and machine learning are expected to provide lucrative opportunities for market growth in the near future. As of now, more than 75 percent of devices used by people all around the world use one form of AI or another. The number of AI based startups grew by almost 15 times over the last two decades.