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The global bug tracking software market reached a value of around US$ 309 Million in 2021. Looking forward, IMARC Group expects the market to reach US$ 537 Million by 2027, exhibiting a CAGR of 9.6% during 2022-2027. Keeping in mind the uncertainties of COVID-19, we are continuously tracking and evaluating the direct as well as the indirect influence of the pandemic on different end use industries. These insights are included in the report as a major market contributor.
Bug tracking software, or error tracking software, is a technological tool used for isolating and mitigating errors, defects and faults in a computer program. It captures, reports and manages data on bugs that can or have occurred in an application or a program. The software is commonly used by assessment teams to identify and report errors while the application is being developed and tested. It involves issue tracking and task, workflow and backlog management. It can be deployed on the premises, the cloud or in hybrid environments. The software aids in minimizing the cost and time required for addressing the issues, fixing the bug and prioritizes the defects for optimal functioning of the program.
Significant growth in the information technology (IT) industry across the globe is one of the key factors creating a positive outlook for the market. Moreover, the escalating requirement for automated software testing solutions across industries, such as banking, financial service and insurance (BFSI), telecommunication and retail, is providing a thrust to the market growth. With the rising adoption of development and operation (DevOps) automation systems, there is a substantial increase in the organizational need for bug tracking software to deliver defect-free projects to the clients. Additionally, various technological advancements, such as the development of artificial intelligence (AI), cloud-based, machine learning (ML) and big data integrated bug tracking solutions, are acting as other growth-inducing factors. These advanced solutions enable early detection and mitigation of bugs and analyzing trends in the bug patterns. Other factors, including extensive research and development (R&D) activities, along with rapid digitization of various business processes, are anticipated to drive the market toward growth.
IMARC Group provides an analysis of the key trends in each sub-segment of the global bug tracking software market, along with forecasts at the global, regional and country level from 2022-2027. Our report has categorized the market based on type, deployment, organization size and industry vertical.
Breakup by Type:
Breakup by Deployment:
Breakup by Organization Size:
Breakup by Industry Vertical:
Breakup by Region:
The competitive landscape of the industry has also been examined along with the profiles of the key players being Airbrake Technologies Inc. (LogicMonitor Inc.), Atlassian Corporation Plc, Axosoft LLC, Bugsnag Inc., Inflectra Corporation, International Business Machines Corporation, JetBrains s.r.o., Nulab Inc., Raygun Limited and Zoho Corporation Pvt. Ltd.
|Base Year of the Analysis||2021|
|Segment Coverage||Type, Deployment, Organization Size, Industry Vertical, Region|
|Region Covered||Asia Pacific, Europe, North America, Latin America, Middle East and Africa|
|Countries Covered||United States, Canada, Germany, France, United Kingdom, Italy, Spain, Russia, China, Japan, India, South Korea, Australia, Indonesia, Brazil, Mexico|
|Companies Covered||Airbrake Technologies Inc. (LogicMonitor Inc.), Atlassian Corporation Plc, Axosoft LLC, Bugsnag Inc., Inflectra Corporation, International Business Machines Corporation, JetBrains s.r.o., Nulab Inc., Raygun Limited and Zoho Corporation Pvt. Ltd.|
|Customization Scope||10% Free Customization|
|Report Price and Purchase Option||Single User License: US$ 2499
Five User License: US$ 3499
Corporate License: US$ 4499
|Post-Sale Analyst Support||10-12 Weeks|
|Delivery Format||PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request)|
The global bug tracking software market was valued at US$ 309 Million in 2021.
We expect the global bug tracking software market to exhibit a CAGR of 9.6% during 2022-2027.
The sudden outbreak of the COVID-19 pandemic has led to the increasing deployment for bug tracking software to remotely capture, report, and manage data on bugs, that may have occurred in an application or a program, during the lockdown scenario.
The rising integration of bug tracking software with AI, cloud-based, Machine Learning (ML), and Big Data to enable early detection and mitigation of bugs and analyze trends in the bug patterns, is primarily driving the global bug tracking software market.
Based on the type, the global bug tracking software market has been segmented into task management systems and bug capturing tools. Currently, task management systems hold the majority of the total market share.
Based on the deployment, the global bug tracking software market can be divided into on-premises and cloud-based, where cloud-based currently exhibits a clear dominance in the market.
Based on the organization size, the global bug tracking software market has been categorized into small enterprises, medium-sized enterprises, and large enterprises. Currently, large enterprises account for the majority of the global market share.
Based on the industry vertical, the global bug tracking software market can be segregated into BFSI, telecommunications, manufacturing, information technology, retail, and others. Among these, the information technology industry holds the largest market share.
On a regional level, the market has been classified into North America, Asia Pacific, Europe, Latin America, and Middle East and Africa, where North America currently dominates the global market.
Some of the major players in the global bug tracking software market include Airbrake Technologies Inc. (LogicMonitor Inc.), Atlassian Corporation Plc, Axosoft LLC, Bugsnag Inc., Inflectra Corporation, International Business Machines Corporation, JetBrains s.r.o., Nulab Inc., Raygun Limited, and Zoho Corporation Pvt. Ltd.
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