GLOBAL BUG TRACKING SOFTWARE MARKET FORECAST 2020-2028

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GLOBAL BUG TRACKING SOFTWARE MARKET FORECAST 2020-2028

The global bug tracking software market is anticipated to reach $599.86 million by 2028, growing at a CAGR of 9.84% during the forecast period. The base year considered for the study is 2019, and the estimated period is between 2020 and 2028. Growth in the investment in the ICT market is one of the important factors driving growth in the bug tracking software market. Over the forecast period, the growth in information technology spending will be driven by platforms such as big data (analytics), cloud, mobile, and social media. Whereas, savings resulted due to automation and cloud will be channelized towards recent technologies, which include AR/VR, AI, and robotics. Security applications with recent technological upgrades will also be responsible for driving future growth.

GLOBAL BUG TRACKING SOFTWARE MARKET FORECAST 2020-2028

Global Bug Tracking Software Market by Organization Size (Small Enterprises, Medium-sized Enterprises, Large Enterprises) by Deployment Model (on-premise Deployment Model, Cloud Deployment Model) by Industry Vertical (Bfsi, Telecommunication, Manufacturing, Information Technology, Retail, Other Industrial Vertical) by Geography.

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The global bug tracking software market is anticipated to reach $599.86 million by 2028, growing at a CAGR of 9.84% during the forecast period. The base year considered for the study is 2019, and the estimated period is between 2020 and 2028.

Key factors that are responsible for the global bug tracking software market growth are:

  • Increasing the budget for software testing
  • High requirement for error-free and quick software development
  • Increase in the implementation of automated testing
  • Growth in the investment in the ICT market

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Growth in the investment in the ICT market is one of the important factors driving growth in the bug tracking software market. Over the forecast period, the growth in information technology spending will be driven by platforms such as big data (analytics), cloud, mobile, and social media. Whereas, savings resulted due to automation and cloud will be channelized towards recent technologies, which include AR/VR, AI, and robotics. Security applications with recent technological upgrades will also be responsible for driving future growth. However, the availability of free online tools is profoundly restricting market growth globally.

In 2019, around 59.74% of revenue share was captured by the cloud deployment model. The cloud-based deployment model is an affordable model as it is low on maintenance requirements, and it does not involve capital cost. Moreover, internal data delivery & handling, direct IT control, efficient resource utilization, faster data processing, and effectivity of the cost of cloud deployment are some of the benefits of the model. The deployment of cloud software is extensively carried out by small & medium-sized enterprises because of decreasing rates of storage and bandwidth. The emergence of cloud-based solutions is particularly because of the increase in small & medium enterprises in recent years.

The report on global bug tracking software includes segmentation on the basis of organization size, deployment model, and industry vertical.

Market by Organization Size:

  • Small Enterprises
  • Medium Sized Enterprises
  • Large Enterprises

Market by Deployment Model:

  • On-premise
  • Cloud

Market by Industry Vertical:

  • BFSI
  • Retail
  • Manufacturing
  • Information Technology
  • Telecommunication
  • Others

In terms of geography, the global bug tracking software market has been segregated into the following  regions, for further analysis:

  • Asia Pacific: China, India, Japan, South Korea Australia, and the Rest of Asia Pacific
  • Europe: the United Kingdom, Germany, France, Italy, Russia, Spain, and Rest of Europe
  • North America: the United States and Canada
  • Rest of World: Latin America, the Middle East, Africa

Geographically, North America dominated the bug tracking software market with a revenue share of 36.25% in 2019. The presence of a large number of software development companies in North America that are already using bug tracking systems is a key factor driving the growth of the market. Furthermore, the presence of the majority of market vendors in this region is boosting the market growth. In addition, North America witnesses almost 95% internet penetration and early adoption of advanced technologies such as AI, which are anticipated to fuel the growth of the market.

Though the adoption of bug tracking software in the Asia Pacific is low at present, the outlook for the market in the region is positive. An increase in internet usage in the Asia Pacific and development in the IT sector in this region has boosted the need for bug tracking software in Asia-Pacific. Furthermore, the expansion of large vendors in countries such as India and Australia is anticipated to provide lucrative opportunities for the market. In addition, emerging local players of bug tracking software are expected to positively impact the growth of this market by introducing innovative offerings and meeting the challenging demands of customers.

The key players involved in the global Bug tracking software market are:

  • Airbrake LLC
  • Atlassian Corporation PLC
  • Jetbrains SRO
  • Bugsnag Inc.
  • Inflectra Corporation
  • Axosoft LLC
  • Nulab Inc.
  • Raygun
  • Reqtest
  • Zoho Corporation Pvt. Ltd

 

Key strategies adopted by some of these companies:

In November, 2019, Nulab Inc. upgraded its bug tracking software with a new feature. Nulab’s task management and bug tracking software backlog will have access to a new feature, the Kanban board, which can be a tool that all types of teams, from marketers to NGOs, can use.

Key findings of the global bug tracking software market:

  • There is an integration of advanced technologies for bug tracking in the software development process.
  • There is increasing implementation of digitization in business processes.
  • Small enterprises are rapidly growing organization type in the bug tracking software market.
  • Cloud is the major deployment model in the bug tracking software.
  • The retail industry is increasingly adopting bug tracking software technology.
  1. RESEARCH SCOPE & METHODOLOGY
    • STUDY OBJECTIVES
    • SCOPE OF STUDY
    • METHODOLOGY
    • ASSUMPTIONS & LIMITATIONS
  2. EXECUTIVE SUMMARY
    • MARKET SIZE & ESTIMATES
    • MARKET OVERVIEW
  3. MARKET DYNAMICS
    • PARENT MARKET ANALYSIS: SOFTWARE MARKET
    • MARKET DEFINITION
    • KEY DRIVERS
      • INCREASING BUDGET FOR SOFTWARE TESTING
      • HIGH REQUIREMENT FOR ERROR-FREE AND QUICK SOFTWARE DEVELOPMENT
      • INCREASE IN THE IMPLEMENTATION OF AUTOMATED TESTING
      • GROWTH IN THE INVESTMENT IN ICT MARKET
    • KEY RESTRAINTS
      • AVAILABILITY OF FREE ONLINE TOOLS
  1. KEY ANALYTICS
    • KEY INVESTMENT INSIGHTS
    • PORTER’S FIVE FORCE ANALYSIS
      • BUYER POWER
      • SUPPLIER POWER
      • SUBSTITUTION
      • NEW ENTRANTS
      • INDUSTRY RIVALRY
    • OPPORTUNITY MATRIX
    • VENDOR LANDSCAPE
  2. MARKET BY ORGANIZATION SIZE
    • SMALL ENTERPRISES
    • MEDIUM-SIZED ENTERPRISES
    • LARGE ENTERPRISES
  3. MARKET BY DEPLOYMENT MODEL
    • ON-PREMISE DEPLOYMENT MODEL
    • CLOUD DEPLOYMENT MODEL
  4. MARKET BY INDUSTRY VERTICAL
    • BFSI
    • TELECOMMUNICATION
    • MANUFACTURING
    • INFORMATION TECHNOLOGY
    • RETAIL
    • OTHER INDUSTRIAL VERTICAL
  5. GEOGRAPHICAL ANALYSIS
    • NORTH AMERICA
      • UNITED STATES
      • CANADA
    • EUROPE
      • UNITED KINGDOM
      • GERMANY
      • FRANCE
      • ITALY
      • RUSSIA
      • SPAIN
      • REST OF EUROPE
    • ASIA PACIFIC
      • CHINA
      • JAPAN
      • INDIA
      • SOUTH KOREA
      • AUSTRALIA
      • REST OF ASIA PACIFIC
    • REST OF WORLD
      • LATIN AMERICA
      • MIDDLE EAST & AFRICA
  1. COMPANY PROFILES
    • AIRBRAKE LLC
    • ATLASSIAN CORPORATION PLC
    • AXOSOFT LLC
    • BUGSNAG INC.
    • INFLECTRA CORPORATION
    • JETBRAINS SRO
    • NULAB INC.
    • RAYGUN
    • REQTEST
    • ZOHO CORPORATION PVT. LTD.

LIST OF TABLES 

TABLE 1: MARKET SNAPSHOT – BUG TRACKING SOFTWARE

TABLE 2: GLOBAL BUG TRACKING SOFTWARE MARKET, BY ORGANIZATION SIZE, HISTORICAL YEARS, 2016-2019 (IN $ MILLION)

TABLE 3: GLOBAL BUG TRACKING SOFTWARE MARKET, BY ORGANIZATION SIZE, FORECAST YEARS, 2020-2028 (IN $ MILLION)

TABLE 4: GLOBAL SMALL ENTERPRISES MARKET, BY REGION, HISTORICAL YEARS, 2016-2019 (IN $ MILLION)

TABLE 5: GLOBAL SMALL ENTERPRISES MARKET, BY REGION, FORECAST YEARS, 2020-2028 (IN $ MILLION)

TABLE 6: GLOBAL MEDIUM-SIZED ENTERPRISES MARKET, BY REGION, HISTORICAL YEARS, 2016-2019 (IN $ MILLION)

TABLE 7: GLOBAL MEDIUM-SIZED ENTERPRISES MARKET, BY REGION, FORECAST YEARS, 2020-2028 (IN $ MILLION)

TABLE 8: GLOBAL LARGE ENTERPRISES MARKET, BY REGION, HISTORICAL YEARS, 2016-2019 (IN $ MILLION)

TABLE 9: GLOBAL LARGE ENTERPRISES MARKET, BY REGIONFORECAST YEARS, 2020-2028 (IN $ MILLION)

TABLE 10: GLOBAL BUG TRACKING SOFTWARE MARKET, BY DEPLOYMENT MODEL, HISTORICAL YEARS, 2016-2019 (IN $ MILLION)

TABLE 11: GLOBAL BUG TRACKING SOFTWARE MARKET, BY DEPLOYMENT MODEL FORECAST YEARS, 2020-2028 (IN $ MILLION)

TABLE 12: GLOBAL ON-PREMISE DEPLOYMENT MODEL MARKET, BY REGION, HISTORICAL YEARS, 2016-2019 (IN $ MILLION)

TABLE 13: GLOBAL ON-PREMISE DEPLOYMENT MODEL MARKET, BY REGION, FORECAST YEARS, 2020-2028 (IN $ MILLION)

TABLE 14: GLOBAL CLOUD DEPLOYMENT MODEL MARKET, BY REGION, HISTORICAL YEARS, 2016-2019 (IN $ MILLION)

TABLE 15: GLOBAL CLOUD DEPLOYMENT MODEL MARKET, BY REGION, FORECAST YEARS, 2020-2028 (IN $ MILLION)

TABLE 16: GLOBAL BUG TRACKING SOFTWARE MARKET, BY INDUSTRY VERTICAL, HISTORICAL YEARS, 2016-2019 (IN $ MILLION)

TABLE 17: GLOBAL BUG TRACKING SOFTWARE MARKET, BY INDUSTRY VERTICAL, FORECAST YEARS, 2020-2028 (IN $ MILLION)

TABLE 18: GLOBAL BFSI MARKET, BY REGION, HISTORICAL YEARS, 2016-2019 (IN $ MILLION)

TABLE 19: GLOBAL BFSI MARKET, BY REGION, FORECAST YEARS, 2020-2028 (IN $ MILLION)

TABLE 20: GLOBAL TELECOMMUNICATION MARKET, BY REGION, HISTORICAL YEARS, 2016-2019 (IN $ MILLION)

TABLE 21: GLOBAL TELECOMMUNICATION MARKET, BY REGION, FORECAST YEARS, 2020-2028 (IN $ MILLION)

TABLE 22: GLOBAL MANUFACTURING MARKET, BY REGION, HISTORICAL YEARS, 2016-2019 (IN $ MILLION)

TABLE 23: GLOBAL MANUFACTURING MARKET, BY REGION, FORECAST YEARS, 2020-2028 (IN $ MILLION)

TABLE 24: GLOBAL INFORMATION TECHNOLOGY MARKET, BY REGION, HISTORICAL YEARS, 2016-2019 (IN $ MILLION)

TABLE 25: GLOBAL INFORMATION TECHNOLOGY MARKET, BY REGION, FORECAST YEARS, 2020-2028 (IN $ MILLION)

TABLE 26: GLOBAL RETAIL MARKET, BY REGION, HISTORICAL YEARS, 2016-2019 (IN $ MILLION)

TABLE 27: GLOBAL RETAIL MARKET, BY REGION,  FORECAST YEARS, 2020-2028 (IN $ MILLION)

TABLE 28: GLOBAL OTHER INDUSTRIAL VERTICAL MARKET, BY REGION, HISTORICAL YEARS, 2016-2019 (IN $ MILLION)

TABLE 29: GLOBAL OTHER INDUSTRIAL VERTICAL MARKET, BY REGION, FORECAST YEARS, 2020-2028 (IN $ MILLION)

TABLE 30: GLOBAL BUG TRACKING SOFTWARE MARKET, BY GEOGRAPHY, HISTORICAL YEARS, 2016-2019 (IN $ MILLION)

TABLE 31: GLOBAL BUG TRACKING SOFTWARE MARKET, BY GEOGRAPHY, FORECAST YEARS, 2020-2028 (IN $ MILLION)

TABLE 32: NORTH AMERICA BUG TRACKING SOFTWARE MARKET, BY COUNTRY, HISTORICAL YEARS, 2016-2019 (IN $ MILLION)

TABLE 33: NORTH AMERICA BUG TRACKING SOFTWARE MARKET, BY COUNTRY, FORECAST YEARS, 2020-2028 (IN $ MILLION)

TABLE 34: EUROPE BUG TRACKING SOFTWARE MARKET, BY COUNTRY, HISTORICAL YEARS, 2016-2019 (IN $ MILLION)

TABLE 35: EUROPE BUG TRACKING SOFTWARE MARKET, BY COUNTRY, FORECAST YEARS, 2020-2028 (IN $ MILLION)

TABLE 36: ASIA PACIFIC BUG TRACKING SOFTWARE MARKET, BY COUNTRY, HISTORICAL YEARS, 2016-2019 (IN $ MILLION)

TABLE 37: ASIA PACIFIC BUG TRACKING SOFTWARE MARKET, BY COUNTRY, FORECAST YEARS, 2020-2028 (IN $ MILLION)

TABLE 38: REST OF WORLD BUG TRACKING SOFTWARE MARKET, BY REGION, HISTORICAL YEARS, 2016-2019 (IN $ MILLION)

TABLE 39: REST OF WORLD BUG TRACKING SOFTWARE MARKET, BY REGION, FORECAST YEARS, 2020-2028 (IN $ MILLION)

LIST OF FIGURE

FIGURE 1: KEY INVESTMENT INSIGHTS

FIGURE 2: PORTER’S FIVE FORCE ANALYSIS

FIGURE 3: OPPORTUNITY MATRIX

FIGURE 4: VENDOR LANDSCAPE

FIGURE 5: GLOBAL BUG TRACKING SOFTWARE MARKET, GROWTH POTENTIAL, BY ORGANIZATION SIZE, IN 2019

FIGURE 6: GLOBAL BUG TRACKING SOFTWARE MARKET, BY SMALL ENTERPRISES, 2020-2028 (IN $ MILLION)

FIGURE 7: GLOBAL BUG TRACKING SOFTWARE MARKET, BY MEDIUM-SIZED ENTERPRISES, 2020-2028 (IN $ MILLION)

FIGURE 8: GLOBAL BUG TRACKING SOFTWARE MARKET, BY LARGE ENTERPRISES, 2020-2028 (IN $ MILLION)

FIGURE 9: GLOBAL BUG TRACKING SOFTWARE MARKET, GROWTH POTENTIAL, BY DEPLOYMENT MODEL, IN 2019

FIGURE 10: GLOBAL BUG TRACKING SOFTWARE MARKET, BY ON-PREMISE DEPLOYMENT MODEL, 2020-2028 (IN $ MILLION)

FIGURE 11: GLOBAL BUG TRACKING SOFTWARE MARKET, BY CLOUD DEPLOYMENT MODEL, 2020-2028 (IN $ MILLION)

FIGURE 12: GLOBAL BUG TRACKING SOFTWARE MARKET, GROWTH POTENTIAL, BY SPACE TYPE, IN 2019

FIGURE 13: GLOBAL BUG TRACKING SOFTWARE MARKET, BY BFSI, 2020-2028 (IN $ MILLION)

FIGURE 14: GLOBAL BUG TRACKING SOFTWARE MARKET, BY TELECOMMUNICATION, 2020-2028 (IN $ MILLION)

FIGURE 15: GLOBAL BUG TRACKING SOFTWARE MARKET, BY MANUFACTURING, 2020-2028 (IN $ MILLION)

FIGURE 16: GLOBAL BUG TRACKING SOFTWARE MARKET, BY INFORMATION TECHNOLOGY, 2020-2028 (IN $ MILLION)

FIGURE 17: GLOBAL BUG TRACKING SOFTWARE MARKET, BY RETAIL, 2020-2028 (IN $ MILLION)

FIGURE 18: GLOBAL BUG TRACKING SOFTWARE MARKET, BY OTHER INDUSTRIAL VERTICAL, 2020-2028 (IN $ MILLION)

FIGURE 19: NORTH AMERICA BUG TRACKING SOFTWARE MARKET, REGIONAL OUTLOOK, 2019 & 2028 (IN %)

FIGURE 20: UNITED STATES BUG TRACKING SOFTWARE MARKET, 2020-2028 (IN $ MILLION)

FIGURE 21: CANADA BUG TRACKING SOFTWARE MARKET, 2020-2028 (IN $ MILLION)

FIGURE 22: EUROPE BUG TRACKING SOFTWARE MARKET, REGIONAL OUTLOOK, 2019 & 2028 (IN %)

FIGURE 23: UNITED KINGDOM BUG TRACKING SOFTWARE MARKET, 2020-2028 (IN $ MILLION)

FIGURE 24: GERMANY BUG TRACKING SOFTWARE MARKET, 2020-2028 (IN $ MILLION)

FIGURE 25: FRANCE BUG TRACKING SOFTWARE MARKET, 2020-2028 (IN $ MILLION)

FIGURE 26: ITALY BUG TRACKING SOFTWARE MARKET, 2020-2028 (IN $ MILLION)

FIGURE 27: RUSSIA BUG TRACKING SOFTWARE MARKET, 2020-2028 (IN $ MILLION)

FIGURE 28: SPAIN BUG TRACKING SOFTWARE MARKET, 2020-2028 (IN $ MILLION)

FIGURE 29: REST OF EUROPE BUG TRACKING SOFTWARE MARKET, 2020-2028 (IN $ MILLION)

FIGURE 30: ASIA PACIFIC BUG TRACKING SOFTWARE MARKET, REGIONAL OUTLOOK, 2019 & 2028 (IN %)

FIGURE 31: CHINA BUG TRACKING SOFTWARE MARKET, 2020-2028 (IN $ MILLION)

FIGURE 32: JAPAN BUG TRACKING SOFTWARE MARKET, 2020-2028 (IN $ MILLION)

FIGURE 33: INDIA BUG TRACKING SOFTWARE MARKET, 2020-2028 (IN $ MILLION)

FIGURE 34: SOUTH KOREA BUG TRACKING SOFTWARE MARKET, 2020-2028 (IN $ MILLION)

FIGURE 35: AUSTRALIA BUG TRACKING SOFTWARE MARKET, 2020-2028 (IN $ MILLION)

FIGURE 36: REST OF ASIA PACIFIC BUG TRACKING SOFTWARE MARKET, 2020-2028 (IN $ MILLION)

FIGURE 37: REST OF WORLD BUG TRACKING SOFTWARE MARKET, REGIONAL OUTLOOK, 2019 & 2028 (IN %)

FIGURE 38: LATIN AMERICA BUG TRACKING SOFTWARE MARKET, 2020-2028 (IN $ MILLION)

FIGURE 39: MIDDLE EAST & AFRICA BUG TRACKING SOFTWARE MARKET, 2020-2028 (IN $ MILLION)

  1. MARKET BY ORGANIZATION SIZE
    • SMALL ENTERPRISES
    • MEDIUM-SIZED ENTERPRISES
    • LARGE ENTERPRISES
  2. MARKET BY DEPLOYMENT MODEL
    • ON-PREMISE DEPLOYMENT MODEL
    • CLOUD DEPLOYMENT MODEL
  3. MARKET BY INDUSTRY VERTICAL
    • BFSI
    • TELECOMMUNICATION
    • MANUFACTURING
    • INFORMATION TECHNOLOGY
    • RETAIL
    • OTHER INDUSTRIAL VERTICAL
  4. GEOGRAPHICAL ANALYSIS
    • NORTH AMERICA
      • UNITED STATES
      • CANADA
    • EUROPE
      • UNITED KINGDOM
      • GERMANY
      • FRANCE
      • ITALY
      • RUSSIA
      • SPAIN
      • REST OF EUROPE
    • ASIA PACIFIC
      • CHINA
      • JAPAN
      • INDIA
      • SOUTH KOREA
      • AUSTRALIA
      • REST OF ASIA PACIFIC
    • REST OF WORLD
      • LATIN AMERICA
      • MIDDLE EAST & AFRICA

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