Overview and Scope
The digital assurance refers to a collection of quality assurance procedures designed to assure seamless interactions among several components of digital ecosystems, which include networked people, processes, and objects spanning the social, mobile, analytics, and cloud platforms.
Sizing and Forecast
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..
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Segmentation & Regional Insights
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
North America was the largest region in the digital assurance market in 2023. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the digital assurance market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
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Major Driver Impacting Market Growth
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.
Key Industry Players
Major companies operating in the digital assurance market report are Capgemini SE, DXC Technology Company, Accenture PLC, Cognizant Technology Solutions Corporation, Cigniti Technologies, Hexaware technologies Ltd., The International Business Machines Corporation, Infosys Limited, Maveric Systems, Micro Focus International plc, Mindtree Limited, NTT Data Corporation, Qualitest Group, SQS Software Quality Systems AG, Tata Consultancy Services Limited (TCS), Tech Mahindra Limited, Wipro Limited, Atos SE, HCL Technologies Limited, Happiest Minds Technologies Private Limited, Infostretch Corporation, Katalon LLC, Larsen & Toubro Infotech Limited (LTI), Mphasis Limited, Nagarro SE, Nihilent Limited, Persistent Systems Limited, QASource Inc., Softura Inc., Techwave Consulting Inc.
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 analysis
5.Digital Assurance Market Size And Growth
6.Digital Assurance Segmentation
7. Digital Assurance Regional And Country Analysis
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27.Digital Assurance Competitive Landscape And Company Profiles
28.Digital Assurance Key Mergers And Acquisitions
29.Digital Assurance Future Outlook and Potential Analysis
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According to TMR, the Global Digital Assurance market accounted for $2.66 billion in 2017 and is expected to reach $9.73 billion by 2026 growing at a CAGR of 15.5 % during the forecast period.
Some of the key factors such as increasing need of API monitoring and rising use of agile and devops methodologies in SDLC are driving the market growth.
However, the shadow IT is a major risk area for organizations is the restraining factor for the market growth.
Moreover, open source testing tools explore untapped potential and advancements in testing with the infusion of AI and machine learning technologies will provide ample opportunities for the market growth.Digital assurance is the practice of assuring smooth connections between different parts of digital ecosystems incorporating interconnected individuals, procedures and things cutting over the social, mobile, analytics and cloud stack.
By technology, cloud segment is likely to grow significantly during the forecast period as it is widely adopted by various enterprises across the globe, as cloud-based software and applications are cost-efficient and can be deployed even in a basic IT infrastructure.
By geography, North America is expected to observe significant growth in the forecast period, mainly due to the increase in the adoption of digital technologies, agile and devops for Quality Assurance (QA), and testing activities in the region.
Digital assurance market Quality assurance is the quality assurance activities that ensure seamless interactions between various sections of digital environments that integrate integrated entities, processes, and issues that reach through social, web, analytics, and cloud stack.
Digital assurance practices become critical for the organization that is facing complexities from the environment both internally and externally.Increased usage of DevOps and Agile in SDLC, increased usage of test automation leads to lowering operational costs and the need of API monitoring is growing in digital economy are the factors driving the growth of digital assurance market.
Low expertise and low complete test coverage are restraining the digital assurance market.
A safe testing environment is being offered by service virtualization which acts as an opportunity.
Challenges related to operations are faced by the digital assurance market.This digital assurance market report provides details of new recent developments, trade regulations, import export analysis, production analysis, value chain optimization, market share, impact of domestic and localised market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market.
To gain more info on Data Bridge Market Research digital assurance market contact us for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.This Global Digital Assurance Market research report intensely analyses the potential of the market with respect to current scenario and the future prospects by considering several industry aspects of Cardinal Health industry.
