Global Bug Tracking Software Market 2017-2021

Global bug tracking software market overview

According to the bug tracking software market forecast report compiled by market research analysts at Technavio predict that this sector will grow steadily over the next four years and post a CAGR of almost 5% by 2021. This market research analysis identifies the advantages associated with the use of bug tracking software as one of the key factors for the global bug tracking software market growth. Efficient tracking of bug allows the companies to maintain a record of the bugs that frequently arise and further makes it easier to resolve the recurring issue. Moreover, these records also help the software developers to focus only on the critical issues and can reduce the intensity of the bug, before it turns into a malicious threat. Since most of the bug tracking software are open source, the software can be seamlessly installed and upgraded. These advantages associated with the software will further propel the bug tracking software market growth.

Bug tracking software companies are slowly shifting toward cloud-based bug tracking software for seamless and agile applications. Several platforms like Google Drive and Microsoft Azure are encouraging the adoption of cloud-based solutions from the on-premises software models. In addition, factors such as cost-effectiveness and easy upgradation of cloud-based infrastructure over their counterparts are further promoting the use of cloud-based solutions, which will further increase the adoption bug tracking software over the next few years.

Competitive landscape and key vendors