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

The bug tracking software market insights report identifies that the industry is highly fragmented with the presence of numerous global and local vendors. To retain their foothold in the market, players are focusing on robust innovations. Also, the increasing demand for bug tracking software will further intensify the competition in the market. Owing to the lack of differentiated services, vendors in the market are continuously indulging in research and development to promote innovative offerings.

The leading vendors in the market are –

• Atlassian
• IBM
• JetBrains
• Zoho Corporation

The other prominent vendors in the market are Airbrake, Axosoft, Bontq, Bugsnag, bugzilla.org contributors, Countersoft, DoneDone, Fog Creek Software, Inflectra Corporation, Macropod Software, MantisBT Team, OverOps, Raygun, Rollbar, Sentry, Sifter, and Variad Corporation.

Market segmentation by deployment model and analysis of the bug tracking software market

• Cloud
• On-premise

The cloud-based deployment model recorded the highest share of the bug tracking software market during 2016. In the cloud-based deployment model, the software is hosted within the cloud and can be seamlessly accessed using a web browser. Robust benefits such as agile accessibility associated with the storage are further contributing to the growth of the bug tracking software market. Moreover, hosting bug tracking software in the cloud is hassle-free, further eliminating the need for additional hardware investments and involves less human effort, which will further contribute to the growth of the bug tracking software market.

Market segmentation by geography and analysis of the bug tracking software market

• Americas
• APAC
• EMEA

The Americas held the largest share of the bug tracking software market during 2016. The increase in investments in software testing activities in countries such as the US and Canada will fuel the growth of the market in this region. Moreover, an exorbitant rise in the number of software testing companies is also likely to contribute to the market growth in the region. For instance, SAQ Canada, a software development and quality assurance company leverages the use of JIRA Software, HP ALM, and Bugzilla for efficient bug tracking.

Key questions answered in the report include

• What will the bug tracking software market size and the growth rate be in 2021?
• What are the key factors driving the global bug tracking software market?
• What are the key bug tracking software market trends impacting the growth?
• What are the challenges to market growth?
• Who are the key vendors in the global bug tracking software market?
• What are the market opportunities and threats faced by the vendors in the global bug tracking software market?
• Trending factors influencing the market shares in the Americas, APAC, and EMEA?
• What are the key outcomes of the five forces analysis of the global bug tracking software market? 

Technavio also offers customization on reports based on specific client requirement.