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Artificial Intelligence

Crowdsourced Testing Market Size to Surpass USD 3.01 Billion by 2030, exhibiting a CAGR of 11%

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Pune, India, July 31, 2023 (GLOBE NEWSWIRE) — According to Fortune Business Insights, global crowdsourced testing market size was valued at USD 1.33 billion in 2022 and is projected to grow from USD 1.45 billion in 2023 to USD 3.01 billion by 2030, exhibiting a CAGR of 11% during the forecast period. Demand to Scale Software QA to Boost Customer Experience will Fuel Market Growth. Fortune Business Insights presents this information in their report titled “Global Crowdsourced Testing Market Forecast, 2023-2030.”

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Crowdsourcing refers to a software testing approach wherein a large pool of testers, also known as ‘the crowd’, come together to test a wide range of software. One of the major advantages of this approach is that it utilizes different skill sets and experiences of a large community of testers rather than depending solely on an internal testing group. Moreover, the demand for scaling the software quality assurance solutions is rising to offer a better user experience. These factors will boost the crowdsourced testing market growth.

Key Industry Development:

June 2023: Applause declared its expanded capabilities to help clients train, test, and validate high-quality generative AI models with the help of improved crowd testing services.

Key Takeaways

  • Crowdsourced testing market size in North America was USD 0.51 billion in 2022
  • Rise in Remote Work During COVID-19 Pandemic Boosted Adoption of Crowdsourced Testing
  • Adoption of Payments Testing to Increase with Growing Use of Online Payment Channels
  • Healthcare & Life Sciences Segment to Increase Product Adoption Due to Growing Demand for Test Automation Services

Discover the Leading Players Featured in the Report:

“Companies leading the global crowdsourced testing market are Infosys Limited (India), Cigniti Technologies Ltd. (India), Testlio (U.S.), APPLAUSE (U.S.), Global App Testing (Spa Worldwide Limited) (U.K.), Test IO (U.S.), Digivante Limited (U.K.), Testbirds B.V. (Germany), KiwiQA (India), Crowdsprint (Australia)”

Report Scope & Segmentation

Report Coverage Details
Forecast Period 2023 to 2030
Forecast Period 2023 to 2030 CAGR 11%
2030 Value Projection USD 3.01 Billion
Base Year 2022
Crowdsourced Testing Market Size in 2022 USD 1.33 Billion
Historical Data for 2019 to 2021
No. of Pages 130
Segments covered Testing Type, Device Type, End-User and Geography

Browse Complete Report Details: https://www.fortunebusinessinsights.com/crowdsourced-testing-market-107795


Drivers and Restraints:

Demand to Scale Software QA to Boost Customer Experience will Fuel Market Growth

The adoption of various advanced software has increased tremendously in recent years. Customers have also raised the expectations about the quality of the software as they are increasing their use of digital platforms. Crowdsourced testing can play an important role in offering comprehensive customer feedback to companies before they make their software publicly available. This can help them make the required improvements in their products, thereby enhancing the customer experience.

However, concerns regarding data security and lack of proper communication can impede market growth.

Segmentation

By Testing Type

  • Performance Testing
  • Functional Testing
  • Payments Testing
  • Localization Testing
  • Others (UX Testing, Security Testing)

By Device Type

  • Mobile/Smartphones
  • Wearables/IoT Connected Devices
  • Desktops

By End-User

  • Retail and Consumer Goods
  • BFSI
  • Media and Entertainment
  • Healthcare and Life Sciences
  • Travel and Hospitality
  • Others (Telecom, Aerospace and Defense)

By Region

  • North America
  • Europe
  • Asia Pacific
  • Middle East & Africa
  • South America

Regional Insights:

Extensive Adoption of Futuristic Technologies in Various Software to Help North America Dominate Global Market

North America accounted for the maximum crowdsourced testing market share in 2022 as the region is increasing the adoption of advanced technologies, such as automation tests an Artificial Intelligence (AI), to deploy effective solutions made by crowdsourced testing providers.

The market in Asia Pacific is predicted to grow considerably in the coming years as there is a robust demand for professional testers, which can play an important role in boosting the use of crowd testing across the region.

Quick Buy – Crowdsourced Testing Market Research Report:

https://www.fortunebusinessinsights.com/compare-plan/107795

Competitive Landscape:

Leading Market Players to Use Various Corporate Strategies to Increase Customer Base

The key players operating in this market are trying to expand their customer base by using a wide range of corporate growth strategies, such as mergers, acquisitions, partnerships, and R&D initiatives. These firms are buying out local and small firms to enhance their presence in the market.

FAQs

How big is the crowdsourced testing market?

The crowdsourced testing market size was USD 1.33 billion in 2022. It is expected to reach USD 3.01 billion by 2030.

How fast is the crowdsourced testing market growing?

The crowdsourced testing market will exhibit a CAGR of 11% during the forecast period, 2023-2030.

Related Reports:

Performance Testing Tools Market Size, Share, Revenue Forecast and Opportunities

Automation Testing Market Overview, Industry Share and Forecast

About Us:

Fortune Business Insights™ offers expert corporate analysis and accurate data, helping organizations of all sizes make timely decisions. We tailor innovative solutions for our clients, assisting them to address challenges distinct to their businesses. Our goal is to empower our clients with holistic market intelligence, giving a granular overview of the market they are operating in.

Contact Us:

Fortune Business Insights™ Pvt. Ltd.

US: +1 424 253 0390

UK: +44 2071 939123

APAC: +91 744 740 1245

Email: [email protected]

GlobeNewswire is one of the world's largest newswire distribution networks, specializing in the delivery of corporate press releases financial disclosures and multimedia content to the media, investment community, individual investors and the general public.

Artificial Intelligence

Compact Solutions, Mighty Results: Cervoz Unleashes the Power of Edge Computing

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TAIPEI, May 20, 2024 /PRNewswire/ — Cervoz Technology, a leader in industrial-grade storage, memory, and expansion solutions, is powering the evolution of edge computing with its innovative solutions.

In today’s data-rich landscape, businesses rely on insights from IoT devices. With advancements in AI and 5G, data volumes surge, straining traditional cloud computing with bandwidth and latency issues. Edge Computing emerges as a solution, processing data at its source for real-time insights crucial for applications like digital twins, autonomous vehicles, and smart healthcare.
What is Edge Computing?
Edge Computing is a decentralized IT architecture that processes data near its origin, often at the network’s edge. This approach divides tasks from central data centers to edge devices and nodes. It enables faster, deeper insights and enhances responsiveness, improving speed and reducing latency compared to centralized clouds. Typically, an Edge Computing system comprises three layers: device, edge, and cloud.
The Device Layer
The device layer, situated closest to the physical world, comprises endpoint devices such as sensors, controllers, and cameras, among others. The layer prioritizes data collection and initial processing for real-time response and efficiency. It requires highly reliable, compact, and energy-efficient components. Cervoz’s M.2 2230 (A+E key /B+M key) NVMe SSDs and DDR4 SO-DIMM modules optimize this setup with fast data access and efficient storage in space-saving designs. They operate reliably across a wide temperature range (-40°C to 85°C) and feature additional conformal coating and anti-vibration filling for enhanced performance in harsh environments.
The Edge Layer
The edge layer, composed of edge servers and gateways, serves as a crucial link between device-layer data sources and cloud-based operations. It is designed for extensive data handling, filtering, and analytics, emphasizing quick operations and real-time responses to minimize reliance on remote data centers. For optimal performance, components must manage high processing loads with minimal latency and maximum stability. NVMe SSDs boasting PCIe Gen3 or higher, such as the Cervoz NVMe PCIe Gen3x4 SSD, with compact M.2 form factors, advanced DRAM cache buffer, and LDPC ECC technology, are perfectly suited for the edge layer. These SSDs enable efficient directory and error correction during high-speed data transfers, thus enhancing data accuracy and reliability.
The Cloud Layer
The cloud layer requires intensive processing and long-term storage, performing analytics, operating AI and machine learning, and managing extensive data systems across various edge locations. It demands high-performing and reliable components. Cervoz NVMe PCIe Gen4x4 SSDs excel with Read/Write speeds of up to 7,100/6,190 MB/s and 4K random IOPS up to 1,000K, with aluminum heatsinks and thermal throttling for overheating issues. DDR5-5600 DRAM boosts this setup with high data throughput and efficient power use, satisfying rigorous computational needs.
Interlayer Connectivity
Reliable, low-latency network connectivity is crucial as data flows between the device layer, edge, and cloud. Cervoz 10GbE Low-Profile Ethernet Card provides high-speed, stable wired connections in high-bandwidth, low-latency environments. Additionally, the new PCIe Compact Low-Profile Ethernet Card is ideal for narrow edge device enclosures. For areas where wiring is impractical, M.2 Wi-Fi cards offer essential wireless flexibility. These connectivity options ensure a solid foundation for seamless data management across all layers.
Cervoz offers comprehensive solutions to enhance edge computing capabilities. From compact NVMe SSDs and DRAM modules, to advanced modular expansion cards, enabling seamless integration, optimized performance, and unmatched reliability in edge computing deployments.
About Cervoz
Based in Taiwan, Cervoz Technology boasts almost twenty years of expertise in developing and providing industrial-grade storage, memory, and expansion solutions across a myriad of global industrial sectors.
ContactsSales: [email protected] 
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Artificial Intelligence

Team Exponentia.ai UK attended the AWS summit in London

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Team Exponentia.ai UK celebrates Sanjay Kumar’s insightful session at the AWS summit in London
LONDON, May 20, 2024 /PRNewswire/ — Sanjay Kumar, Head of Exponentia.ai in UK & Europe, delivered an impactful presentation on Driving Manufacturing Innovation through AWS Analytics & AI. The recently concluded AWS Summit took place on the 24th of April in ExCeL, London.

Sanjay shared the stage at Theatre B with Adrian Pinder from DS Smith and Ahmed Raafat from AWS, captivating the audience with insights and experiences from Exponentia.ai’s collaboration with DS Smith.
During the session, Sanjay Kumar highlighted Exponentia.ai’s impressive use cases and case studies, including the Data Factory and Procurement Spend Analytics (PSA) projects undertaken in partnership with DS Smith. These initiatives demonstrated Exponentia.ai’s commitment to leveraging the AWS ecosystem to drive operational efficiency and business growth in the manufacturing sector.
The Exponentia.ai team seized the opportunity to engage with industry peers, partners, and friends, while also exploring the latest innovations showcased at the summit. Their participation in various sessions and visits to innovative booths further enriched their understanding of industry trends and best practices.
Reflecting on the event, Sanjay Kumar expressed his enthusiasm, stating, “The AWS Summit in London provided an excellent platform for us to showcase our expertise in manufacturing analytics and AI. The overwhelming response from attendees reaffirms the value of our solutions in driving innovation and transformation across industries and our commitment to deliver value to our customers through data. We look forward to continuing our collaboration with AWS and our partners to deliver impactful outcomes for our clients.”
The AWS Summit London 2024 marked a significant milestone for Exponentia.ai, reinstating its commitment to excellence and innovation in the field of AI and analytics. As the team eagerly anticipates future events, they remain dedicated to empowering businesses with transformative technology solutions.
For more information about Exponentia.ai and its innovative offerings, please visit www.exponentia.ai. 
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Artificial Intelligence

Clarivate Launches AI-Enhanced Solution to Accelerate Trademark Watching

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Providing faster and more accurate answers to critical business questions
LONDON, May 20, 2024 /PRNewswire/ — Clarivate Plc (NYSE: CLVT), a leading global provider of transformative intelligence, launched the first publicly available version of Trademark Watch Analyzer today at the 2024 International Trademark Association Annual Meeting. As the next-generation trademark protection solution enhanced by artificial intelligence (AI) and cloud technology, this solution combines Clarivate global trademark and case law data, in-house IP expertise, and cutting-edge AI technology. It will provide faster and more accurate answers to critical business questions by automating key trademark watching tasks and intelligently prioritizing result sets.

Trademark Watch Analyzer connects users to trademark datasets in 258 countries and territories across 191 official trademark registers, as well as data from 7+ million trademark litigation cases. This content is harmonized and connected through AI algorithms which query, connect and mine both datasets delivering advanced insights in supported watch products. This revolutionizes the way trademark watch results are delivered, so that clients can rank results based on their chance of success/opposition.
According to data from SAEGIS®, a CompuMark™ trademark solution from Clarivate, the number of trademark applications filed globally each year has more than doubled since 2014. With over one million new trademarks added to trademark registers around the world each month, the risk of infringement has never been greater, making vigilance of trademark applications essential to protect and grow strong brands.
Gordon Samson, President, Intellectual Property, Clarivate, said: “As the global business landscape grows more complex, trademark professionals are faced with challenges including more data, less context and shorter deadlines. Our advanced AI-driven solution enables clients to confidently monitor their trademarks anywhere in the world, with global monitoring and automated alerts, while also saving time, costs and critical resources. The launch of the Trademark Watch Analyzer is the latest example of our Think forward™ promise — connecting clients to trusted intelligence to ensure an IP-empowered tomorrow.”
With a more intuitive design and user interface, Trademark Watch Analyzer will enable clients to have a much-improved user experience as they work with their results. The navigation will be based on the same architecture as the Brand Landscape Analyzer launched in 2023, providing clients with a more cohesive experience within the Clarivate product suite.
Find out more about Trademark Watch Analyzer here.
About ClarivateClarivate™ is a leading global provider of transformative intelligence. We offer enriched data, insights & analytics, workflow solutions and expert services in the areas of Academia & Government, Intellectual Property and Life Sciences & Healthcare. For more information, please visit www.clarivate.com
Media Contact: Jack Wan, External Communications Director [email protected]
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