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Increasing Focus on Operational Efficiency to Augment Software Quality Assurance Market 2025

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International-Industry -News
Increasing Focus on Operational Efficiency to Augment Software Quality Assurance Market 2025

Software Quality Assurance Market

The software quality assurance market 2020 is likely to witness a rise in investments. The software is designed to test the performance of different services and solutions. Market Research Future (MRFR)’s observation unveils that the global software quality assurance market is prognosticated to strike 9.6% CAGR across the forecast period. In the report, it has also been shed light on that the valuation of the market is presumed to reach USD 14.01 Bn by the end of 2025.

The availability of a comprehensive set of tests for different verticals is likely to impact the growth pattern of the software quality assurance market positively. Increasing investments across industry domains to enhance performance and efficiency is expected to drive the growth of the software quality assurance market in the foreseeable future. The vendors also provide for experts to identify the deviations and provide solutions. These factors are supposed to accelerate revenue generation for the players in the software quality assurance market on the global front.

Increasing dependency on digitization is poised to motivate investments in the software quality assurance market. It is poised to encourage the growth trajectory of the market by pushing demand for timely tests. Also, the rising volumes of data being generated, in conjunction with increasing installation of data centers, are assumed to drive the growth of the software quality assurance market. Rising popularity of cloud computing is projected to drive the proliferation of the software quality assurance market in the upcoming years. However, problems related to data security are prognosticated to impact the market adversely.

Regional Analysis

The analysis of the global software quality assurance market has been conducted for Europe,North America, the Middle East & Africa, Asia-Pacific, and South America.

North America holds the maximum share, due to the strategic shift of enterprises deploying software quality assurance solutions due to the growing demand to reduce the overall cost of production by enhancing quality. The market of North America has been segmented into the US, Canada, and Mexico. The US dominates the market in North America since it is the most technologically advanced nation and the growing need to grow organizational effectiveness across verticals.

Europe is poised to be the second-largest market during the review period due to the rising need among enterprises to conform with the regulations levied by governments across the world concerning data protection. The Asia-Pacific is poised to be the fastest-growing market in the global software quality assurance market during the review period. The increase in the adoption of software quality assurance solutions among large enterprises and the increasing need for cloud-based software quality assurance solutions are the key driving factors for the growth of the market in Asia-Pacific.

Competitive Analysis

The key market players in the global software quality assurance market are Oracle Corporation (US), Siemens AG (Germany), Microsoft Corporation (US), Iqms, Inc. (US), MetricStream, Inc. (US), Pilgrim Quality Solution, Inc. (US), EtQ Management Consultants, Inc. (US), Unipoint Software, Inc. (Canada), Verse Solutions, Inc. (US), Enablon (France), Cority Software Inc. (Canada), QT9 Software (US), SAP SE (Germany), Biovia Corp (US), and Sparta Systems Inc. (US). The other market players in the global software quality assurance market consists of Cigniti Technologies Limited (India), Belatrix Software (Argentina), MasterControl, Inc. (US), Intertek Group plc (UK), and many other similar companies.

The global software quality assurance market has a highly competitive scenario. Therefore, the market players are increasing their investments towards research and development projects, and marketing activities to maintain their position in the market over the review period. Furthermore, there is an expected rise in mergers, strategic business partnerships, acquisitions, and joint ventures, to uphold the competitive nature of the market in the foreseeable future.

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About Market Research Future:
At Market Research Future (MRFR), we enable our customers to unravel the complexity of various industries through our Cooked Research Reports (CRR), Half-Cooked Research Reports (HCRR), Raw Research Reports (3R), Continuous-Feed Research (CFR), and Market Research and Consulting Services.
Contact:
Market Research Future
+1 646 845 9312
Email: [email protected]

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