Software testing market will growth despite the crisis.

Recent report from software consulting firm Ovum claims that the worldwide software testing services market is projected to reach 56 billion dollars by 2013, despite the global economic crisis that has already hardly hit technology industry. But according to Ovum despite this slowing, testing services will grow at a compound annual growth rate of 9.5 percent from 2008 to 2013, faster than most other technology services.

More and more companies are specialized in software testing services, with India establishing itself as the favourite provider. According to Alexander Simkin, a senior Ovum analyst and author of the report, both an outsourced and in-house testing services markets will grow over the next four years, but not at the heady rates seen over the last four years. Indian providers will compete with European and North American testers in terms of quality while continuing to offer cheaper rates.

However, the high demand has resulted in a skills shortage in India, so we could see increasing numbers of testing services jobs going to other low-cost territories. Recent scandals in Indian IT outsourcing markets could also affect on the alignment of forces in Global IT outsourcing market as Indian providers are losing their advantage against global competitors, and customers are choosing other attractive offshore work centers.