Global Market Research Company US US Mobile Application Testing Services Market | Page 8

Industry Brief Mobile Application Testing (MAT) Services Market in US to Grow at CAGR 11% till 2022 According to TechSci Research report, “United States Mobile Application Testing Services Market By Architecture, By Type, By Operating System, By Device, Competition Forecast & Opportunities, 2012-2022’’, the mobile application testing (MAT) services market in the country is projected to exhibit a CAGR of 10.6%, in value terms, during 2017 – 2022. Anticipated market growth can be attributed to increasing adoption of mobile applications supporting advanced technologies such as Near Field Communication, Artificial Intelligence and Virtual Reality in major industries including BFSI, retail and manufacturing to enable customers to enjoy high performing, user- friendly and reliable mobile applications. Moreover, increase in demand for mobile applications for implementing Industry 4.0. and supporting Internet of Things (IoT) is expected to positively influence the United States MAT services market over next five years. BFSI sector recorded the largest revenue share in the United States MAT services market in 2016, and the trend is expected to continue during next five years, as financial institutions need to ensure the reliability of mobile applications & security of confidential customer information such as bank account number, social security number, financial transactions, etc. Other sectors such as retail and manufacturing are also increasingly demanding mobile applications that are reliable, secure, and user-friendly. Moreover, rising number of smartphone devices and mobile cellular subscriptions coupled with growing trend of BYOD and BYOA in the country is further anticipated to boost the US MAT services market during 2017 – 2022. “Growing focus towards DevOps for rapid development of secure and reliable mobile applications, and rising adoption of SMAC (Social, Mobile, Analytic, Cloud) ecosystem across organizations is leading to an upsurge in demand for MAT services in the United States. In addition, increasing number of start-ups and SMEs in the country, coupled with growing demand for upscaling the development of mobile applications for supporting Internet of Things and the whole connected devices phenomenon is anticipated to boost use of MAT services in the country over the next five years.,” said Mr. Karan Chechi, Research Director with TechSci Research, a research based global management consulting firm. 8 ©TechSci Research