The Indian software testing industry has a lot of growth potential but lack of talent and quality of graduates are major concerns, workforce development and consulting firm QAI said on Friday.

Speaking at the 11th Annual Software Testing Conference (STC) in Bangalore, QAI CEO Navyug Mohnot said the Indian software testing industry has a lot of growth potential but lack of talent and the fact that most of the engineering graduates are not employable was a major hindrance to the growth of the sector.

"Around USD 60 billion is spent globally on software testing, out of which 20 per cent is on enterprise segment and 80 per cent on consumer segment. There is a requirement of 30,000 people in the industry," he added.

Mohnot was of the view that a neutral industry platform is needed for exchanging and sharing of ideas with each other to ensure that the ecosystem thrives well.

"To ensure results in a sustained manner at all levels and at all times, excellent organisations continuously learn, both from their own activities and performance as well as from that of others," he added.

Mohnot said events like STC provide the industry and the people such a platform.

According to a report by software body Nasscom, the software testing industry in India is pegged at about USD 4.5 billion and is growing at 14-15 per cent annually.

Established in 1980 in US, QAI is a global consulting and workforce development organisation addressing the education and operational excellence space in educational institutes, IT, BPO and knowledge intensive firms.

Since its inception, QAI has trained over 1.6 lakh professionals and certified over 40,000 professionals worldwide. QAI is currently servicing over 300 clients in 30 countries and has offices in US, India, China and Singapore.