Digital Assurance Market size is expected to reach US$ 9.22 Bn. by 2027, at a CAGR of 13.08% during the forecast period.
Digital Assurance Market Overview:
The purpose of this report is to provide a thorough examination of the Digital Assurance Market by segments and geographics. The study goes into great detail on the primary factors influencing the Digital Assurance market's growth. The study also offers a comprehensive analysis of the market's value chain.
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Digital Assurance Market Scope:
The "Global Digital Assurance Market Analysis" is a detailed investigation of the Digital Assurance market, with a focus on global market trends and analysis. The goal of this research is to provide an overview of the Digital Assurance market as well as detailed market segmentation by application, end-use, and geography. The Digital Assurance market is expected to develop substantially over the forecast period. The study contains critical information on the market positions of the leading Digital Assurance players, as well as noteworthy industry trends and opportunities.
The research method used to assess and anticipate the Digital Assurance market begins with secondary research using sources that collect revenue data from key suppliers. When calculating market segment estimation, the vendor offerings are also considered. Using the bottom-up method, the whole size of the Digital Assurance market was calculated using the revenue of significant enterprises.
Digital Assurance Market Segmentation:
The global digital assurance market is divided into social media, analytics, mobile, and cloud segments based on technology. The government and public sector BFSI, telecom, media and entertainment, healthcare and life sciences, retail and e-commerce, manufacturing, transportation, and logistics are the different verticals that make up the worldwide digital assurance market. The global market for digital assurance is divided into two categories based on organisational structure: small and medium-sized businesses and large businesses. Latin America, the Middle East, Europe, Asia-Pacific, and North America make up the majority of the global market for digital assurance.
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Digital Assurance Market Key Players:
The major players covered in the Digital Assurance market report are
• SQS
• Tata Consultancy Services Limited
• Wipro
• Capgemini
• Hexaware
• Cognizant
• Cigniti
• Accenture
• Micro Focus
• Maveric Systems
• DXC Technology Company
• Software Quality Systems AG
• Atos SE
• Sogeti
• BugRaptors
• TestingXperts
• WebDepend
• QAssure
• Maven Infosoft Pvt Ltd
• Sixth Gear Studios
• Thinksys Inc
• TechArcis Solutions, Inc.,
• GreenSQA
• Flexasoft
• Snoopgame
• Redmadrobot
Digital Assurance Market Regional Analysis:
Global, North America, Europe, Asia-Pacific, the Middle East, Africa, and South America market share statistics are accessible individually. Analysts at Maximize evaluate competitive strengths and conduct competitive analysis for each competitor individually.
COVID-19 Impact Analysis on Digital Assurance Market:
Aerospace and defense, agriculture, automobiles, retail and e-commerce, energy and power, healthcare, packaging, mining, electronics, banking, financial services, and insurance, among other industries, have all been affected by the COVID-19 outbreak. COVID-19 has had an impact on the Digital Assurance market in general, as well as the growth rate in 2019-2020, as the impact of COVID-19 spread. Our most recent inquiry, opinions, and bits of knowledge on the market are critical to the businesses and associations in the Digital Assurance industry,
Key Questions Answered in the Digital Assurance Market Report are:
- Which segment grabbed the largest share in the Digital Assurance market?
- What was the competitive scenario of the Digital Assurance market in 2021?
- Which are the key factors responsible for the Digital Assurance market growth?
- Which region held the maximum share in the Digital Assurance market in 2021?
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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.
