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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.
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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.
On the basis of solution, the software quality assurance market has been segmented into supplier quality management, change management, employee training, non-conformances/corrective & preventative, document control, complaint handling, audit management, calibration management, and others.
On the basis of deployment, the software quality assurance market has been bifurcated into cloud and on premise.
On the basis of organization size, the software quality assurance market has been divided into small- and medium-sized enterprise (SME), and large enterprise.
On the basis of vertical, the software quality assurance market has been segmented into IT & telecom, transportation & logistics, defense & aerospace, healthcare, consumer goods & retail, manufacturing, and others.
The geographical analysis of the global software quality assurance market has been covered for five regions. These regional segments are as follows - North America, Asia-Pacific, Europe, the Middle East & Africa, and South America. These regional segments are also analyzed on the basis of country-level markets to offer an impactful intelligence. North America is presumed to maintain its standing at the pole position in the foreseeable future. Increasing demand for quality performance is supposed to motivate the organizations to invest in software quality assurance market. Increasing demand for cloud computing is projected to lead the augmentation of the software quality assurance market in the upcoming years. Europe is also supposed to exhibit substantial growth due to rising popularity of cloud-based services. APAC, on the other side, is prognosticated to strike the highest growth rate over the assessment period.
Microsoft Corporation (US), Siemens AG (Germany), Oracle Corporation (US), Iqms, Inc. (US), Pilgrim Quality Solution, Inc. (US), MetricStream, Inc. (US), Unipoint Software, Inc. (Canada), Verse Solutions, Inc. (US), EtQ Management Consultants, Inc. (US), SAP SE (Germany), Cority Software Inc. (Canada), QT9 Software (US), Enablon (France), Biovia Corp (US), and Sparta Systems Inc. (US) are few of the major participants of the software quality assurance market. Other important players of the market are Belatrix Software (Argentina), MasterControl, Inc. (US), Intertek Group plc (UK), and Cigniti Technologies Limited (India).
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