Bug Tracking Software Market
According to a recently published report by Allied Market Research, the global bug tracking software market size was valued at $218.22 million in 2018 and is projected to reach $601.64 million by 2026, growing at a CAGR of 13.60% from 2019 to 2026.
Bug tracking software is a tool used by developers and teams to identify, record, and manage software defects and issues throughout the development lifecycle. Users can report bugs, assign them to team members, track their status, and prioritize them for resolution. By centralizing this information, bug tracking software ensures that issues are addressed systematically, improving the quality and reliability of software. It often integrates with other development tools to provide features such as automatic notifications, progress reports, and analytics.
To request a sample report, visit: https://www.alliedmarketresearch.com/request-sample/5403
Rising adoption of DevOps and test automation, growing need for successful bug-free projects, increasing investments in software testing, and rising adoption of cloud-based project management software are some of the key factors fueling the growth of the global bug tracking software market.
Moreover, benefits associated with bug tracking software such as higher ROI due to reduced software development costs, early detection of bugs, and understanding of bug trends are expected to drive the market growth. However, availability of free bug tracking software is expected to hinder the growth of the global bug tracking software market.
In terms of installed base, the cloud segment dominated the bug tracking software market share in 2018 and is expected to maintain its dominance during the forecast period, owing to the increasing adoption of cloud technologies among small and medium sized businesses as well as large enterprises to achieve agility and cost savings.
For customization of the report, please visit: https://www.alliedmarketresearch.com/request-for-customization/5403
Based on end-user industry vertical, the information technology sector accounted for the highest revenue in the bug tracking software market in 2018. However, the retail sector is expected to grow at the highest CAGR during the forecast period owing to the increasing trend of digitization in the retail industry.
While conducting the bug tracking software market analysis, it was observed that the market is witnessing a trend towards implementing artificial intelligence techniques in bug tracking software. The incorporation of AI in future project management is expected to further improve the productivity of project outcomes. For example, an AI-powered programming tool called DeepCode from Zurich helps developers fix bugs and optimize their code. It also helped in faster logging, tracking, and fixing of bugs.
Companies are realizing the benefits of integrating bug trackers in their testing process. This significantly improves software quality and provides cost savings in terms of cost and time in the software development lifecycle. It also helps developers to track specific failed test cases and underlying requirements. Moreover, it helps prioritize and assign bugs to understand troublesome issues. This helps development teams save time spent resolving small issues and focus on high priority bugs. Bug tracking software also improves communication through chat interfaces and emails, and helps in resolving new bugs and generating clear reports.
Buy now and get the exclusive report: https://www.alliedmarketresearch.com/bug-tracking-software-market/purchase-options
One of the major benefits of this software is that it helps businesses manage resources efficiently and delivers quick solutions. It also helps in finding bugs during the formal testing phase and maintains a record of previous bugs, generating bug-free data during the production phase. Moreover, a good bug tracking software leads to higher customer satisfaction, which in turn leads to more positive word-of-mouth about the software.
Key Findings of the Bug Tracking Software Market:
By deployment, the cloud segment led the market in terms of revenue in 2018.
Based on organization size, the large enterprise segment accounted for the highest revenue in the bug tracking software market in 2018.
The small and medium enterprises segment is projected to register the highest growth rate during the forecast period.
Based on industry vertical, the information technology segment generated the highest revenue in the glitch tracking software market in 2018.
Regionally, North America led the market in terms of revenue in 2018.
Major players in the bug tracking software industry include Airbrake, Atlassian (JIRA), Axosoft, Bugsnag Inc., IBM, Inflectra Corporation, JetBrains, Nulab (backlog), Raygun, Zoho Corporation, etc.
For a complete overview, visit: https://www.alliedmarketresearch.com/bug-tracking-software-market
contact:
David Correa
5933 NE
Toll free: 1-800-792-5285
UK: +44-845-528-1300n Shivers Drive
#205, Portland, OR 97220
America
Hong Kong: +852-301-84916
India (Pune): +91-20-66346060
Fax: +1-855-550-5975
inquiry
Web: https://www.alliedmarketresearch.com
Follow us: LinkedIn Twitter
About us:
Allied Market Research (AMR) is a full-service market research and business consulting division of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides unmatched quality of “Market Research Reports” and “Business Intelligence Solutions” to global enterprises and SMEs. AMR has a goal of providing business insights and consulting to help its clients make strategic business decisions and achieve sustainable growth in their respective market domains.
Pawan Kumar, CEO at Allied Market Research, leads the organization towards delivering quality data and insights. We have professional corporate relations with various companies that help us dig out market data that helps in generating accurate research data tables and maximizing the accuracy of our market forecasting. All data companies in this field are involved. Our secondary data procurement methodology includes primary interviews with top officials from leading online and offline research and through discussions with knowledgeable experts and analysts in the industry that are the in-depth information presented in the reports published by us.
This release was published on openPR.
