The market for IT software testing services and equipment could be worth as much as €100bn in the coming years.
A report from analyst firm Pierre Audoin Consultants (PAC) put software testing spending at €79bn in 2010. The firm expects that figure to climb to €100bn by 2014.
"Businesses are increasingly looking to use external skills, in order to leverage suppliers' greater economies of scale, gain access to lower-cost offshore skills and investment in tools and processes, and to support their increasingly complex technology landscapes," said PAC senior analyst Nick Mayes.
The company said that the growth is due in large part to a change in corporate attitudes about IT software and security. Once considered to be an overlooked part of the general development process, testing is increasingly regarded as a vital step in minimising costs and spotting security risks, PAC said.
Going forward, the company sees growing opportunities for testing services providers that specialise in enterprise platforms such as Oracle and SAP along with cloud platforms and security testing services.
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