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Demand for software testing growing in Indonesia's financial sector

Veronica C. Silva | Nov. 15, 2010
Estimated expenditure to reach US$150 million

MANILA, PHILIPPINES, 15 NOVEMBER 2010 -- The demand for software testing in Indonesia's financial sector is growing, fuelling the need for more professionals to do the job, a regional survey indicated.

Conducted by software testing firm Maveric Systems, the survey showed that 50 per cent of respondents are facing shortage in skilled manpower for software quality testing. This as majority of the respondents indicated that software testing in the industry is a must, and all have even included software testing in their budget for the next three years.

The survey sought 150 respondents from the region, with a significant number of responses coming from Indonesia's banks, financial institutions and insurance companies. The results of the survey were shared during the sidelines of the second CXO Software Testing Summit held on 12 November 2010 at Shangri-La in Jakarta.

At the global level, Maveric Systems senior vice-president Ritendra Banerjee noted that the software testing market is estimated to reach US$56 billion by 2013. "This rapid growth will require nearly 30,000 professionals globally in the next year," he said.

Seventy-five per cent of respondents viewed software testing as playing a 'very important' role in their business while 25 per cent said it was 'important'.

Banerjee added: "In Indonesia, the estimated spend on software testing is upwards of US$150 million for banks and financial institutions on a conservative basis, with the top five players spending close to 33 per cent of this figure."


Unfortunately, the respondents also noted some constraints in conducting software testing. These include budget-related issues and the inability to demonstrate return-on-investments, according to 40 per cent and 20 per cent of the respondents, respectively.

The inability of vendors to understand company processes while developing testing was also considered a 'main challenge' by 30 per cent of the respondents.

"The financial sector in Indonesia is seeing unprecedented growth, and with this comes the responsibility of ensuring business continuity. As a result, we are seeing a growing interest in software testing as banks, financial institutions, and insurance firms gear up to address the challenges presented by large-scale upgrades or revamps of core and support applications," Banerjee said.

While currently developing an enterprise test process improvement strategy with Indonesia's largest bank, Maveric Systems is also pursuing expansion efforts in Southeast Asia.


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