According to a new market research
report published by Inkwood Research, the Global Bug Tracking Software Market
is anticipated to reach at 9.84% during the forecast period.
"Browse 39 market Data Tables
and 39 Figures spread over 140 Pages, along with an in-depth TOC on Global Bug
Tracking Software Market Forecast 2020-2028".
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A bug is an error or a defect in a program or the
entire computer system, resulting in an unpredicted and invalid outcome. The
global bug tracking software market refers to a tool, which identifies, report
and supervises data on bugs, which occur in software. This tool enables several
functionalities, including backlog management, defects tracking, task
management, issue tracking, workflow management, and ticket management.
Surging Investments in ICT
is driving the Bug
Tracking Software Market Globally
Information
and communications technology (ICT) is a catalyst for economic progression and
a boost to the global networked economy. ICT firms have mastered the functioning
of next-generation technologies, which is creating disruptive waves in every
sector. Hence, significant funding has been witnessed in the ICT market, which is
also expected to continue in the future. Over the next few years, the conventional
tech expenditure will be inclined towards four platforms, namely, cloud,
mobile, social media, and big data/analytics. As of now, capital saving
incurred by cloud and automation will be diverted on a large scale towards technologies
such as AI, robotics and AR/VR. Moreover, Next-gen security in terms of these technologies
is also set to drive the market growth.
One of the essential aspects of the entire software
development life cycle is bug tracking. The testing and development team in collaboration,
use bug tracking software based on the suitability of a particular product development
cycle. This is required to safeguard the product from unidentified or
unresolved bugs. The increasing integration of technologies and the growing volume
of the codebase, which requires testing, are some of the major factors driving
the demand for bug tracking software in the information technology industry. Besides,
rising application of DevOps, Agile, Kanban, Scrum and other methodologies are
further expected to fuel the market growth.
North America - The Dominating Region
The
global bug tracking software market was dominated by the North America region,
contributing the colossal share around 36.25% in the year 2019. The growth of
the market in the region is attributed to the significant number of software
development players established in the region that are already utilizing bug
tracking systems. The region also enjoys the presence of several retailers,
which is also boosting the market growth. Furthermore, rising penetration of
the internet and the implementation of advanced technologies like the AI is
projected to fuel the regional market over the forecast period.
Some of the prominent
companies operating in the market are Airbrake LLC, Jetbrains SRO, Atlassian
Corporation PLC, Inflectra Corporation, Raygun, Bugsnag Inc., Reqtest, Axosoft
LLC, Nulab Inc. and Zoho Corporation Pvt. Ltd.
About Inkwood Research
Inkwood Research specializes in
syndicated & customized research reports and consulting services. Market
intelligence studies with relevant fact-based research are customized across
industry verticals such as technology, automotive, chemicals, materials,
healthcare, and energy, with an objective comprehension that acknowledges the
business environments. Our geographical analysis comprises of North & South
America, CEE, CIS, Middle East, Europe, Asia, and Africa.
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