The Digital Assurance by The Business Research Company provides market overview across 60+ geographies in the seven regions – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa, encompassing 27 major global industries. The report presents a comprehensive analysis over a ten-year historic period (2010-2021) and extends its insights into a ten-year forecast period (2023-2033).
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According to The Business Research Company’s Digital Assurance , The digital assurance market size has grown rapidly in recent years. It will grow from $5.62 billion in 2023 to $6.59 billion in 2024 at a compound annual growth rate (CAGR) of 17.1%. The growth in the historic period can be attributed to end-to-end testing for seamless integration, collaboration with devops, focus on performance and scalability, mobile application proliferation, automation and test scripting
The digital assurance market size is expected to see rapid growth in the next few years. It will grow to $12.46 billion in 2028 at a compound annual growth rate (CAGR) of 17.3%. The growth in the forecast period can be attributed to resilience and chaos engineering, demand for cognitive testing and predictive analytics, shift from quality assurance to quality engineering, integration of iot and edge computing, focus on performance engineering, globalization of development and testing efforts.. Major trends in the forecast period include blockchain testing, predictive analytics for testing, agile and devops transformation, ai-driven testing and test automation, shift-left testing practices, focus on customer experience testing.
The growing digital transformation initiatives by IT companies will propel the digital assurance market. Digital transformation is employing digital technology to develop new or adapt current business processes, culture, and customer experiences to suit changing business and market requirements. It is being applied in almost every organization owing to the growing need for digitalization. Digital assurance is a quality assurance process that ensures smooth interactions between various components of the digital ecosystem and networks, proving crucial for companies undergoing digital transformation. According to the World Economic Forum, digital transformation will add $100 trillion to the global economy by 2025. Thus, growing digital transformation initiatives by IT companies drive the digital assurance market growth.
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The digital assurance market covered in this report is segmented –
1) By Testing Type: Network Testing, Application Programming Interface Testing, Functional Testing, Usability Testing, Security Testing, Performance Testing
2) By Technology: Social media, Mobile, Analytics, Cloud
3) By Vertical: Government and Defense, Manufacturing, Banking, Financial Services, and Insurance (BFSI), Energy and Utilities, IT and Telecommunications, Other Verticals
Technological innovation is a key trend in the digital assurance market. Automation and artificial intelligence are used in API to gain efficiency. API testing may benefit significantly from automation and artificial intelligence. Adding intelligence provides an excellent opportunity to improve automated testing to work with business logic. For instance, in October 2021, Wipro is an Indian multinational corporation that provides information technology, consultant and business process services and Apptio a US based Software company announced the launch of a technology business management practice to help firms better evaluate the cost, quality, and return of their technology investments.
The digital assurance market report table of contents includes:
1. Executive Summary
2. Digital Assurance Market Characteristics
3. Digital Assurance Market Trends And Strategies
4. Digital Assurance Market – Macro Economic Scenario
5. Global Digital Assurance Market Size and Growth
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26. South America Digital Assurance Market
27. Brazil Digital Assurance Market
28. Middle East Digital Assurance Market
29. Africa Digital Assurance Market
30. Digital Assurance Market Competitive Landscape And Company Profiles
Top Major Players:
- Capgemini SE
- DXC Technology Company
- Accenture PLC
- Cognizant Technology Solutions Corporation
- Cigniti Technologies
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