Bug Tracking Software Market Scope
The global bug tracking software is expected to grow at a significant double-digit growth rate of 13.3 percent during the forecast period, according to the AMA study. Bug tracking software is a tool which keeps track of reported software bugs during the development of any software. Growing demand for error-free software development in less time to deliver the products & solutions to customers and rising investments for software testing & developments are some of the major factors aiding into the growth of the global bug tracking software market.
According to AMA, the Global Bug Tracking Software market is expected to see growth rate of 13.3%The vendors in this market are focusing on developing new solutions in order to remove vulnerabilities from the bug tracking software and increase the capability of bug tracing in the software or platform. For instance, in November 2019, Nulab announced that it has added a new feature to its Backlog platform named Kanban Board on the app which will allow the company to reach a larger customer base in the project management software industry. Research Analyst at AMA estimates that United States Players will contribute to the maximum growth of Global Bug Tracking Software market throughout the predicted period.
Airbrake (United States), Atlassian (Australia), Axosoft, LLC (United States), Bugsnag Inc. (United States), Countersoft (United States), Fog Creek Software (United States), Inflectra Corporation (United States), International Business Machines Corporation (United States), JetBrains s.r.o. (Czech Republic), Nulab (Japan), SmartBear Software (Australia), Bugcrowd (United States), Raygun (United States) and Zoho Corporation (United States) are some of the key players that are part of study coverage.
Segmentation Overview
The study have segmented the market of Global Bug Tracking Software market , by Application (Backlog Management, Issue Tracking, Task Management, Workflow Management, Filtering, Release Management and Ticket Management) and Region with country level break-up.
On the basis of geography, the market of Bug Tracking Software has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). North America region held largest market share in the year 2021. Europe on the other hand stood as second largest market due to the presence of key companies into the region and high technological advancement.
Influencing Trend:
Growing Automation in Software Development
Market Growth Drivers:
Growing Demand for Error-Free Software Development in Lesser Time to Cater to the Client's Requirements of Software Developers and Rising Investments in the Software Industry for Testing & Development
Challenges:
Challenges in Submitting Issue Requests in Bug Tracking Software
Restraints:
Vulnerabilities in Bug Tracking Software Can Lead to Security Leaks
Opportunities:
Rising Mobile Platform Penetration Across the World for Software Development will Create Huge Opportunities
Market Leaders and their Expansionary Development Strategies
On 19th August 2020, Bugcrowd, announced the launch of Bugcrowd M&A Assessment (Mergers and Acquisitions), a pre-packaged bundle of security tests that combine remotely-deployed penetration testing with the advanced asset discovery, alerting, attribution, prioritization, and management capabilities of the Bugcrowd platform. Organizations can initiate these tests in 72 hours or less—record time for the industry—and access results in real-time, expediting an evidence-based evaluation of a merger target’s cybersecurity posture.
On 28th April 2020, -SmartBear, a leading provider of software development and quality tools, announced it has entered into a definitive agreement to acquire application stability management pioneer, Bugsnag. Bugsnag’s best-in-class, full-stack stability and error monitoring technology is leveraged by industry leaders like Airbnb, Slack, Lyft, and more than 6,000 organizations that prioritize application stability and health in order to continuously deliver high-quality software.
About Approach
The research aims to propose a patent-based approach in searching for potential technology partners as a supporting tool for enabling open innovation. The study also proposes a systematic searching process of technology partners as a
preliminary step to select the emerging and key players that are involved in implementing market estimations. While patent analysis is employed to overcome the aforementioned data- and process-related limitations, as expenses occurred in that technology allows us to estimate the market size by evolving segments as target market from the total available market.