Global Digital Assurance Market Size study & Forecast, by Testing Type (Functional Testing Solution, Performance & Usability Testing, Security Testing, API Testing, Network Testing), by Testing Mode (Manual Testing Deployment, Test Automation Deployment), by End-user Verticals (Government, BFSI, Healthcare, Manufacturing, IT & Telecommunication, Media & Entertainment, Others End-Users ) and Regional Analysis, 2023-2030
Global Digital Assurance Market is valued approximately USD xx billion in 2022 and is anticipated to grow with a healthy growth rate of more than 12.9% over the forecast period 2023-2030. Digital Assurance is a broad term in the technology and software industry that encompasses various processes, practices, and strategies aimed at ensuring the quality, reliability, security, and performance of digital systems, applications, and services. It is especially vital in modern digital age, as businesses increasingly rely on technology to supply their goods and services. The Digital Assurance Market is expanding because of factors such as the increasing number of mobile applications and growing demand for Enterprise software. As a result, the demand for Digital Assurance has progressively increased in the international market during the forecast period 2023-2030.
Mobile apps often handle sensitive user data and transactions. With the increasing emphasis on data privacy and security, there is a growing demand for security testing and assurance to protect user information and prevent data breaches. According to Statista, Mobile apps are projected to generate more than USD 613 billion by 2025, with mobile games making up the biggest revenue share among all app categories. Furthermore, in 2023, the average consumer spend on mobile apps per smartphone was approximately USD 5.03. Another important factor that drives the Digital Assurance Market is the increasing demand for Enterprise software. Enterprise software often handles sensitive and confidential data, including financial information, customer data, and intellectual property. The demand for secure enterprise software solutions drives the need for thorough security testing and compliance with industry regulations, which are critical aspects of Digital Assurance. In addition, as per Statista, in 2022, IT spending on corporate software totals over USD 783 billion globally, representing a 7.1% increase over the previous year. Moreover, advancements in testing with the infusion of AI and machine learning technologies and rising API monitoring in the digital economy are anticipated to create lucrative growth opportunities for the market over the forecast period. However, lack of expertise and operational challenges is going to impede overall market growth throughout the forecast period of 2023-2030.
The key regions considered for the Global Digital Assurance Market study includes Asia Pacific, North America, Europe, Latin America, and Middle East & Africa. North America dominated the market in 2022 owing to the adoption of digital technologies such as agile and DevOps for Quality assurance and testing activities in the region. The region’s dominant performance is anticipated to propel the overall demand for Digital Assurance. Furthermore, Asia Pacific is expected to grow fastest over the forecast period, owing to factors such as rising key government initiatives towards digital transformation, rapidly adopting digital technologies, such as cloud computing, big data analytics, and artificial intelligence in the region.
Major market player included in this report are:
Accenture plc
International Business Machines Corporation
Capgemini SE
Tata Consultancy Services Limited
Infosys Limited
Wipro Limited
Nippon Telegraph and Telephone Data Corporation
Sopra Steria Group
Cognizant Technology Solutions Corporation
HCL Technologies Limited
Recent Developments in the Market:
In February 2023, Apexon and LambdaTest collaborates in a strategic technology partnership aimed at delivering cloud-based quality engineering and assurance solutions. This collaboration empowers enterprise clients to expedite their time-to-market, enhance user experiences, and reduce operational expenses by integrating higher levels of automation, agility, and security into their DevOps workflows. This partnership leverages Apexon's extensive digital engineering proficiency across various sectors, including healthcare, financial services, automotive, high tech, telecom, and retail, in conjunction with LambdaTest's HyperExecute platform. LambdaTest's platform offers swift, intelligent, end-to-end test execution and orchestration, enhancing the effectiveness of quality assurance efforts.
Global Digital Assurance Market Report Scope:
Historical Data – 2020 - 2021
Base Year for Estimation – 2022
Forecast period - 2023-2030
Report Coverage - Revenue forecast, Company Ranking, Competitive Landscape, Growth factors, and Trends
Segments Covered - Testing Type, Testing Mode, End-user Verticals, Region
Regional Scope - North America; Europe; Asia Pacific; Latin America; Middle East & Africa
The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within countries involved in the study.
The report also caters detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, it also incorporates potential opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players. The detailed segments and sub-segment of the market are explained below:
by Testing Type
Functional Testing Solution
Performance & Usability Testing
Security Testing
API Testing
Network Testing
by Testing Mode
Manual Testing Deployment
Test Automation Deployment
by End-user Verticals
Government
BFSI
Healthcare
Manufacturing
IT & Telecommunication
Media & Entertainment
Others
By Region:
North America
U.S.
Canada
Europe
UK
Germany
France
Spain
Italy
ROE
Asia Pacific
China
India
Japan
Australia
South Korea
RoAPAC
Latin America
Brazil
Mexico
Middle East & Africa
Saudi Arabia
South Africa
Rest of Middle East & Africa
Companies Mentioned
Accenture plc
International Business Machines Corporation
Capgemini SE
Tata Consultancy Services Limited
Infosys Limited
Wipro Limited
Nippon Telegraph and Telephone Data Corporation
Sopra Steria Group
Cognizant Technology Solutions Corporation
HCL Technologies Limited
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