ID: MRFR/ICT/6914-HCR | February 2021 | Region: Global | 111 pages
The Global Software Quality Assurance Market is expected to register a CAGR of 9.6% during the forecast period to reach USD 14.01 billion by 2025.
A comprehensive portfolio of software testing services and solutions is offered by software quality assurance vendors for various enterprises across verticals. These vendors also provide highly experienced and skilled quality assurance professionals who can provide a hands-on, end-to-end understanding of the challenges faced by enterprises, and assist them to overcome the same. The vendors implement software testing methodologies and applications and have software testing labs to deliver services such as quality engineering, quality assurance, digital assurance, and software testing to the enterprises. The software testing specialists work on desktops, mobiles or applications to help the enterprises to improve time to market, and increase returns on investment. This growing demand to reduce the total cost of production by improving quality is the driving factor responsible for the growth of the market. The growing demand for software quality assurance across verticals is expected to offer lucrative opportunities to the key vendors in the global market. Along with this, the implementation of advanced technologies such as analytics for quality assurance is another opportunity for the vendors in the market. Furthermore, the issues related to data security in cloud-based deployments are expected to be a restraint for the growth of the market.
The global software quality assurance market has been segmented based on solution, deployment, organization size, vertical, and region/country.
By solution, the global software quality assurance market has been divided into supplier quality management, non-conformances/corrective & preventative, change management, document control, audit management, complaint handling, calibration management, employee training, and others.
By deployment, the global software quality assurance market has been divided into cloud and on-premise.
Based on organization size, the global software quality assurance market has been divided into small- and medium-sized enterprise (SME) and large enterprise.
On the basis of vertical, the global software quality assurance market has been divided into IT & telecom, defense & aerospace, transportation & logistics, healthcare, manufacturing, consumer goods & retail, and others.
The global software quality assurance market has been analyzed for five regions—North America, Europe, Asia-Pacific, the Middle East & Africa, and South America.
The Global Software Quality Assurance Market is estimated to register a CAGR of 9.6% over the forecast period. The geographic analysis of the global software quality assurance market has been conducted for North America, Europe, Asia-Pacific, the Middle East & Africa, and South America.
North America accounted for the highest market share, owing to the strategic shift of enterprises adopting software quality assurance solutions due to the increasing demand to reduce the total cost of production by improving quality. The market of North America has been divided into the US, Canada, and Mexico. The US leads the market in North America; it is the most technologically advanced country and the growing need to increase organizational effectiveness across verticals.
Europe is expected to be the second-largest market during the review period due to the rising need among enterprises to comply with the regulations imposed by governments across the world regarding data protection. In European countries, cloud-based software quality assurance solution providers are required to comply with the European Data Protection Directive 1995 and General Data Protection Regulation (GDPR). Asia-Pacific is anticipated to be the fastest-growing market in the global software quality assurance market during the forecast period. The rise in the adoption of software quality assurance solutions among large enterprises and the growing need for cloud-based software quality assurance solutions are the key drivers for the growth of the market in Asia-Pacific.
Source: MRFR Analysis
The global software quality assurance market is witnessing a high growth due to the rise in demand from industries such as transportation and logistics as well as manufacturing. Major players have opted for acquisitions, partnerships, and new product development as their key organic growth strategies to strengthen their positions in the market. For instance, QualiTest Group, a leading player in quality assurance and software testing services acquired Orasi Software, Inc. (US) and NCC Group SDLC Limited (UK) in May 2018 to expand its presence in the respective regions.
The key players in the global software quality assurance market are Microsoft Corporation (US), Oracle Corporation (US), Siemens AG (Germany), Iqms, Inc. (US), MetricStream, Inc. (US), Pilgrim Quality Solution, Inc. (US), Unipoint Software, Inc. (Canada), EtQ Management Consultants, Inc. (US), Verse Solutions, Inc. (US), Cority Software Inc. (Canada), Enablon (France), QT9 Software (US), Biovia Corp (US), SAP SE (Germany), and Sparta Systems Inc. (US). The key strategies adopted by most of the players are partnerships, agreements, and collaborations.
The other players in the global software quality assurance market include Belatrix Software (Argentina), Intertek Group plc (UK), MasterControl, Inc. (US), Cigniti Technologies Limited (India) and many other similar companies.
Frequently Asked Questions (FAQ) :
By 2025, the valuation of the market is expected to reach USD 14.01 Bn.
The solution-based segments of the market are supplier quality management, change management, document control, non-conformances/corrective & preventative, audit management, complaint handling, employee training, calibration management, and others.
The market is expected to strike 9.6% CAGR.
North America and Europe are presumed to account for the pole position and second position in the global market place.
The U.S. is anticipated to lead North America during the assessment period.