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(Hosting-NewsWire.com, June 09, 2020 ) According to a new market research report "Test Data Management Market by Component (Solutions and Services), Application (Data Subsetting, Data Masking, and Data Compliance and Security), Deployment Type, Organization Size, Vertical, and Region - Global Forecast to 2022" published by MarketsandMarkets™, the Test Data Management Market size expected to grow from USD 584.6 Million in 2017 to USD 1,060.9 Million by 2022, at a Compound Annual Growth Rate (CAGR) of 12.7%.
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Increased quality of test conditions and leveraging of data integration tools are the growth factors for the TDM market. Moreover, the growing adoption of TDM solutions by Small and Medium-sized Enterprises (SMEs) is expected to drive the TDM market during the forecast period.
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The IT vertical is expected to have the largest market size during the forecast period.
The IT vertical is a major contributor to the Test Data Management Market growth, as many IT organizations provide their testing services to companies in other verticals. IT organizations help the other organizations in testing the business functionality in the testing environment. Test Data Management should typically cover the highest level of testing coverage for better traceability of data under production. IT organizations have testers certified in using various industry tools to assist their clients in various verticals for carrying out the testing in a proper testing environment.
Synthetic test data generation segment is expected to grow at the highest CAGR during the forecast period.
Synthetic test data includes all the characteristics of production data and sensitive data. The synthetic test data generation helps in reducing the risks of data breach and enhancing the existing subsets of the production data. Most of the times, an application processes some confidential information, such as the home address, Internet Protocol (IP) address, telephone number, social security number, and credit card number. Synthetic test data helps in replicating the original data and checking the unexpected outcomes that may occur. Additionally, synthetic test data helps in testing the realistic behaviors of the user data.
The rapid adoption of Test data management solutions, due to a strong and well-established economy is expected to make North America the largest market in terms of global share
North America is expected to contribute the largest share to the global Test Data Management Market. With an increasing adoption of TDM solutions for IT, BFSI, government, retail, and other industry verticals in developed economies such as US and Canada, the market is set to grow at a rapid pace in the region. One of the major factors driving the growth of the market in North America is optimized storage and processing costs. Most of the prominent TDM solution vendors, such as CA Technologies, Compuware Corporation, Delphix, IBM, and MENTIS, are headquartered in North America.
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Major vendors in the Test Data Management Market include CA Technologies (US), Cigniti Technologies (India), Compuware (US), DATPROF (the Netherlands), Delphix Corporation (US), Ekobit (Croatia), IBM (US), Informatica (US), Infosys (India), Innovative Routines International (US), MENTIS (US), Original Software Group (UK), and Solix Technologies (US).
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Our 850 fulltime analyst and SMEs at MarketsandMarkets™ are tracking global high growth markets following the "Growth Engagement Model – GEM". The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write "Attack, avoid and defend" strategies, identify sources of incremental revenues for both the company and its competitors. MarketsandMarkets™ now coming up with 1,500 MicroQuadrants (Positioning top players across leaders, emerging companies, innovators, and strategic players) annually in high growth emerging segments. MarketsandMarkets™ is determined to benefit more than 10,000 companies this year for their revenue planning and help them take their innovations/disruptions early to the market by providing them research ahead of the curve.
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Mr. Aashish Mehra
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MnM Blog: https://mnmblog.org
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Mr. Aashish Mehra
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