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In July 2019, ResearchAndMarkets  published a 223-pager report, “Bug Tracking Software Market by Deployment, Organization Size, and Industry Vertical: Global Opportunity Analysis and Industry Forecast, 2019-2026”, analyzing the bug tracking software market and where will it be in the years to come.  

The report states that in 2018, the global bug tracking software market was valued at $218.22 million, and is expected to reach $601.64 million by 2026 at a CAGR of 13.6%. The growth of this market is mainly driven due to factors such as the surge in need to deliver bug-free projects successfully, rise in adoption of DevOps & testing automation, increase in adoption of cloud-based project management software, and rise in investment for software testing.

Moreover, increasing awareness regarding these software benefits – such as improved ROI and early detection of bugs – is likely to pace up the market growth. However, the availability of free bug tracking software is expected to hinder the market growth. In 2018, the cloud segment dominated the software market share and is anticipated to do so throughout the forecasted period. This is because enterprises of all sizes are increasingly adopting cloud technologies to achieve technology and save costs.

Based on the end-user industry, the IT sector has been the biggest contributor to the bug tracking software market however the retail industry is expected to be the highest growing segment due to the increasing trend of digitalization in this industry. To predict future trends, this report also takes into account the implementation of AI in the industry to enhance productivity, assist developers in fixing bugs, and optimize code.

Companies are starting to integrate bug trackers in the testing process to optimize software quality and enhance cost and time effectiveness in the SDLC. It assists developers in tracing specific failed test cases and underlying requirements. Furthermore, these trackers help prioritize and assign bugs, enabling development teams to focus on issues that matter more. They also improve communication through chat interfaces and email for solving new bugs and generating clear reports.

From enabling efficient resource allocation to providing fast bug management solutions throughout the testing stages, this software helps enhance customer satisfaction. This report mentions some of the key players in the bug tracking software industry including Airbrake, Atlassian (JIRA), Axosoft, Bugsnag Inc., IBM, Inflectra Corporation, JetBrains, Nulab (backlog), Raygun, and Zoho Corporation.

Key Findings of the Report

  • By deployment, the cloud segment dominated the market with respect to the revenue in 2018.
  • Based on organization size, the large enterprise’s segment accounted for the highest revenue in the bug tracking software market in 2018.
  • The small enterprise’s segment is expected to grow at the highest rate during the forecast period.
  • Industry-wise, the IT sector accumulated the highest revenue for the bug tracking software market in 2018.
  • According to the region, North America dominated the market in terms of revenue in 2018.
Ray Parker

Ray Parker

Ray Parker is an entrepreneur and tech enthusiast who loves to incorporate new technologies to get more efficient outcomes. When he's not marketing his latest venture, he keeps himself busy in writing technical articles to educate peers and professionals.
Ray Parker

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