Increase in adoption of DevOps & testing automation, rise in need to deliver bug-free projects successfully, a surge in investment for software testing as well as cloud-based project management software drive the growth of the global bug tracking software market.
Increase in adoption of DevOps & testing automation, rise in need to deliver bug-free projects successfully, the surge in investment for software testing as well as cloud-based project management software fuel the growth of the global bug tracking software market. On the other hand, the availability of free bug tracking software restrains the growth to some extent. Nevertheless, benefits in regards to bug tracking software, such as enhancing ROI by reducing the cost of software development, early detection of bugs and understanding bug trends are expected to create lucrative opportunities for the key players in the industry.
According to the report, the global bug tracking software market was estimated at $218.2 million in 2018 and is expected to hit $601.6 million by 2026, registering a CAGR of 13.6% during 2019–2026. The report provides an in-depth analysis of the drivers & opportunities, wavering market trends, competitive market scenario, and market.
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Some of the key players operating in the bug tracking software industry include Airbrake, Atlassian (JIRA), Axosoft, Bugsnag Inc., IBM, Inflectra Corporation, JetBrains, Nulab (backlog), Raygun, and Zoho Corporation.
Based on geography, the North America region generated the highest revenue in 2018, holding nearly two-fifths of the total market. This is pertaining to large presence of software development companies where software testing is quite obligatory and the existence of majority of market vendors in this region. The Asia-Pacific region, on the other hand, would showcase the fastest CAGR of 16.2% during the forecast period.
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Key questions answered in Bug Tracking Software Market research study:
What is the market growth rate of Bug Tracking Software Market from 2019-2026? What will be the global market size of the market from 2019 to 2026? Who are the leading global manufacturing companies in the Bug Tracking Software Market? What are the major current trends and predicted trends? What are the challenges faced in the Bug Tracking Software Market? Which will be the niches at which players profiling with thorough plans, financials, and also recent advancements should set a presence? Which will be the anticipated growth rates for your own Bug Tracking Software economy altogether and also for every segment inside? Which will be the Bug Tracking Software application and types and forecast accompanied closely by producers? What are the conclusions of the Bug Tracking Software Market report?
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