With the rapid changes and technological growth, it’s no surprise that many industries are emphasizing quality assurance (QA) testing. As a result, various industries will focus more on quality assurance (QA) testing in 2024. It is due to the importance of QA testing in ensuring that products and services meet the required standards and specifications. But which industries will focus on QA testing in 2024?

Sectors that are going to prioritize QA testing in 2024

Health

In an industry where lives are literally on the line, healthcare organizations must have a robust QA testing program to ensure that their systems are functioning correctly. Additionally, with the recent implementation of electronic health records (EHRs), the focus has been increased on data accuracy and security—both of which can be ensured through QA testing.

Retail

In the retail sector, e-commerce has become increasingly important as more and more consumers shop online for their merchandise. To keep up with this trend, retailers need a strong QA testing program to test their e-commerce platforms and ensure they can handle high traffic and transactions. If retail businesses don’t invest in QA testing, they may not be able to compete as well against those who do.

Banking and Finance

In the banking and finance industries, there’s been a recent push for digitization. This means that more financial transactions are happening online or through mobile apps. However, this trend is only expected to continue in the coming years. Banks and financial institutions need to ensure that their systems can handle heavy traffic and transactions by investing in QA testing. With the rise of Fintech and crypto apps like Bitcoin, it’s also important for these organizations to test for security and compliance.

Manufacturing

As manufacturing companies move towards Industry 4.0—the fourth industrial revolution—there’s been an increase in the use of connected devices, sensors and automation technologies such as robotics, 3D printing. Manufacturers like Siemens and Bosch are already investing in QA testing to ensure that these new technologies are functioning properly. Startups, too, must invest in QA testing to avoid disruptions in their production process.

Technology

It’s no surprise that technology companies are among those who will be focused on QA testing in 2024. After all, these companies are constantly releasing new products and services onto the market. So, they must ensure that their products meet customer expectations before release. In addition, with the rise of artificial intelligence (AI) and machine learning (ML), technology companies must also ensure that their algorithms are functioning properly before deployment.

Government

As the world becomes increasingly digital, even governments are turning to technology to help them run more efficiently. However, with many people’s personal information at risk, government organizations must invest in QA testing to ensure that their systems are secure and compliant. By conducting security tests early and often, government agencies can identify vulnerabilities in their systems before attackers do, helping to prevent sensitive data from being compromised.

Education

With the increasing use of educational technology such as learning management systems (LMSs) and virtual reality (VR) applications in schools, there’s been a greater need for educators to ensure that these technologies are accessible and effective for all students. This is where QA testing comes in handy. By conducting usability tests and other types of tests early on, educators can identify any potential issues with these technologies.

Automotive

The automotive industry is constantly evolving, with the introduction of new technologies. This means automakers must be proactive in testing their products to ensure they meet safety and performance standards. Automotive software like Catia, and NX, are the go-to automotive softwares of many car manufacturing companies. By investing in QA testing, these companies can avoid potential recalls, which can be costly financially and reputationally. In addition, as more cars increasingly relying on software—such as autonomous driving—it’s become even more important for companies like Tesla to test their products thoroughly before release.

Aerospace

The aerospace industry is another one that relies heavily on technology. So, it’s no surprise that QA testing is an important part of their operations. Aerospace products and services have to meet strict quality requirements. From the testing of aircraft to rockets and satellites, aerospace companies must ensure that their products are safe and reliable. Quality Assurance Testing will help in doing that.

Future Of The Global QA Market

According to Global Market Insights, the software testing market is expected to be valued at USD 40 billion in 2021 and grow by 6% annually between 2024 and 2030.

It also predicts that the software development industry will experience significant growth due to the high demand for automated processes. Implementing agile development methods (which focus on quality assurance) creates many opportunities for market expansion. This process includes error detection and resolution methods, which reduces development costs and improves software performance. This in turn makes the product or application more appealing to customers.

North America will hold the largest market share, whereas Asia Pacific (APAC) will grow at the highest CAGR in 2024. The APAC region comprises developing countries, such as China, India, and South Korea, which are witnessing rapid growth in end-user industries. These major industries are Banking, Financial Services, and Insurance (BFSI), healthcare and life sciences, retail and eCommerce, telecom and IT, and travel and hospitality.

The Banking, Financial Services & Insurance sector contained over 25% of the software testing market share in 2021 and is expected to grow exponentially by 2030. Different banking software applications like those that handle money deposits or withdrawals, balance inquiries, or fund transfers through various channels. These channels include ATMs, customer care service Counts networks, and online banking need dependable software systems. This increasing demand for qualified software testers within the BFSI sector.

These end-user industries are implementing various digital transformation initiatives to reduce costs, improve efficiency, and gain agility. Digital transformation projects require QA and testing services to ensure digital transformation’s successful implementation. The demand for QA and testing services is growing rapidly in APAC owing to the New Enterprise Application Development (NEAD) projects undertaken by enterprises every year.

Conclusion

The global QA market will see significant growth in the next few years. The increasing adoption of digital technologies will drive this growth by businesses in various industries. QA testing will play a vital role in ensuring that these technologies are effective and accessible for all users. Thus, companies that provide QA testing services will be in high demand in the coming years. QAonCloud continues to be a leading provider of QA services, offering a wide range of QA testing services to help businesses ensure the quality of their digital products and services. Contact us to know more!